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September 4, 2015
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Tag: Economy


Top 5 Green Energy Breakthroughs Today (Video)

Switching to green energy sources such as wind and solar is necessary to save the planet from increased concentrations of greenhouse gases like carbon dioxide, which cause global warming. And it will also save you money.

Posted on Aug 31, 2015 READ MORE


China Economy

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Posted on Aug 31, 2015 READ MORE



Upsurge in Uncertainty About Work Income

As Labor Day looms, more Americans than ever don’t know how much they’ll be earning next week or even tomorrow.

Posted on Aug 27, 2015 READ MORE


Stock Market Correction

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Posted on Aug 26, 2015 READ MORE


China Bull

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Posted on Aug 25, 2015 READ MORE



When Robots Run the Show

In “Rise of the Robots: Technology and the Threat of a Jobless Future,” Martin Ford predicts that the next wave of job losses will be caused by advances in artificial intelligence, making robots the most efficient way to perform routine work now done by humans.

Posted on Aug 21, 2015 READ MORE



Here’s Why the New ‘Family Friendly Work’ Fad Is a Fraud

I’m delighted Netflix and other high-powered firms are offering family-friendly work. But I take most of the news with a grain of silicon, and so should you.

Posted on Aug 17, 2015 READ MORE


Made in China

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Posted on Aug 15, 2015 READ MORE



More Dutch Cities to Experiment With Universal Basic Income

Taking the lead from the city of Utrecht, other Dutch cities are considering social experiments with basic income—an income unconditionally granted to all its residents on an individual basis, without a means test or work requirement.

Posted on Aug 14, 2015 READ MORE



‘The Gulf’: Shedding Light on Dark Doings in the United Arab Emirates

A coalition of artists and writers has been instrumental in raising awareness of the mind-boggling exploitation of laborers who support some of the richest people on the planet.

Posted on Aug 14, 2015 READ MORE


VIDEO: Noam Chomsky: Capitalism in Most Forms Is Inconsistent With Democracy

The renowned linguist and activist explains the only way that capitalism could be compatible with democracy.

Posted on Aug 11, 2015 READ MORE


VIDEO: What’s the Fed? You Should Care.

By Robert Reich

What the Fed’s about to do will affect your job and your income. Here’s what you can do to make sure the Fed makes the right decision.

Posted on Aug 11, 2015 READ MORE



Hillary Clinton to Offer Plan for Loan-Free Tuition at Public Colleges

With Americans owing a staggering $1.2 trillion in student loan debt, and about 8 million in default, her proposal reflects a Democratic push to reverse years of state cuts to higher ed. Creating a program of federal grants to the states to lower tuition is the centerpiece.

Posted on Aug 10, 2015 READ MORE



The Outrageous Ascent of CEO Pay

The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of their top executives’ pay to the average pay of their workers.

Posted on Aug 10, 2015 READ MORE



Women Are Judged Much More Harshly Than Men for Similar Assertiveness at Work

A new study rates women who come across as angry or critical as 35 percent less competent and worth $15,000 less in pay than those who are less aggressive. Comparable behavior by men costs them only about half as much in perceived fair compensation.

Posted on Aug 8, 2015 READ MORE



Greece Debt Crisis: Massive Stock Plunge After Five-Week Shutdown

Ending down 16.23 percent by the end of Monday, Athens’ stock market experienced its worst daily performance since at least 1985, when modern record keeping began.

Posted on Aug 3, 2015 READ MORE



Jlhopgood (CC BY-ND 2.0)

Let’s Celebrate Medicare’s Birthday by Recognizing the Truth About the Program

Medicare turns 50 next week and it’s more popular than ever. Yet it continues to be blamed for America’s current and future budget problems.

Posted on Jul 25, 2015 READ MORE



Light Brigading (CC BY-NC 2.0)

Here’s the Terrible Mistake Progressives Must Not Make

Of course black lives matter. But it would be a mistake for progressives to split into separate “Black lives matter” and “economic justice” movements.

Posted on Jul 25, 2015 READ MORE



New York’s Fast-Food Workers to Be Paid $15 Minimum Wage by 2021

Fast-food workers throughout the state won a hard-fought and important victory Wednesday: a $15 minimum wage.

Posted on Jul 22, 2015 READ MORE



Welcome to the Post-Capitalist Era

Could it be that while we were caught up in crisis after crisis, we somehow missed the end of capitalism as we know it?

Posted on Jul 22, 2015 READ MORE



Greek Reforms ‘Will Fail,’ Former Finance Minister Varoufakis Says

Yanis Varoufakis, who resigned recently, predicted that the measures will “go down in history as the greatest disaster of macroeconomic management ever.”

Posted on Jul 18, 2015 READ MORE



How Goldman Sachs Helped Create the Greek Debt Crisis

The investment bank turned a huge profit by helping to hide the real extent of Greece’s debt, and in the process almost doubled it.

Posted on Jul 17, 2015 READ MORE



Why Is Venezuela Trying to Annex Two-Thirds of Neighboring Guyana?

After the discovery of a potentially rich oil deposit in the contentious Essequibo region in Guyana, Venezuela’s President Nicolás Maduro appears intent on exploiting his neighbor’s land.

Posted on Jul 15, 2015 READ MORE



Hillary Clinton’s Glass-Steagall

Hillary Clinton won’t propose reinstating a bank breakup law known as the Glass-Steagall Act—at least according to Alan Blinder, an economist who has been advising Clinton’s campaign.

Posted on Jul 14, 2015 READ MORE


Wall Street Dominoes

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Posted on Jul 9, 2015 READ MORE



Piketty on Germany’s Hypocrisy: It ‘Has No Standing to Lecture Other Nations’

“Those who want to chase Greece out of the eurozone today,” the French economist says, “will end up on the trash heap of history.”

Posted on Jul 6, 2015 READ MORE



Thousands Donate to Crowdfunding Site for Greek Bailout

Here’s a novel approach to the Greek financial crisis: A “Greek Bailout Fund” launched by an Englishman has received almost 30,000 donations.

Posted on Jun 30, 2015 READ MORE


Greek Crisis

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Posted on Jun 30, 2015 READ MORE



Greece Nearing Financial Collapse Against Looming IMF Deadline

The future of Greece and the European project as a whole hangs in the balance as the country confirms nonpayment to the International Monetary Fund.

Posted on Jun 30, 2015 READ MORE



Petros Giannakouris / AP

It’s Greek to Goldman Sachs

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)

Posted on Jun 30, 2015 READ MORE



Brandon Anderson / CC BY-NC-ND 2.0

Here’s Why Giving People Jobs and Training Could Actually Help Cut Down on Crime

A new study suggests that when people who have been involved in crimes such as theft are given the opportunity and training to do “legitimate work,” they are less likely to continue criminal activities.

Posted on Jun 30, 2015 READ MORE



Middle Management Is on Its Way Out; Here’s Why Millennials Are Happy About It

Technology and generational shifts have led to a decline in the importance of middle management positions, and no one welcomes the change more than millennials.

Posted on Jun 27, 2015 READ MORE



VIDEO: The Most Important Step to Save the Economy: Get Big Money Out of Politics

Nothing we need to do as a nation is possible unless we limit the political power of the moneyed interests.

Posted on Jun 25, 2015 READ MORE



VIDEO: Why Medicare Isn’t the Problem; It’s the Solution

Again and again in the upcoming election you’ll hear conservatives claim that Medicare — the health insurance program for America’s seniors — is running out of money and must be pared back.

Posted on Jun 24, 2015 READ MORE



ACLU: Black Homeowners Were Preyed Upon by Banks Before the Great Recession

Racial wealth inequality has widened due to targeting of black Americans by pre-2008 subprime mortgage lending, a report by the American Civil Liberties Union finds.

Posted on Jun 23, 2015 READ MORE


The Gospel of Denial

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Posted on Jun 23, 2015 READ MORE



This Is How We Should Punish Bank Felons

What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime?

Posted on Jun 22, 2015 READ MORE



Why the Trans-Pacific Partnership Is Nearly Dead

How can it be that the largest pending trade deal in history—a deal backed both by a Democratic president and Republican leaders in Congress—is nearly dead?

Posted on Jun 15, 2015 READ MORE



Iceland Jailed Bankers and Rejected Austerity—and It’s Been a Success

Iceland’s insistence on following a different drummer after the global economic collapse is evidence that a more ethical approach can work.

Posted on Jun 11, 2015 READ MORE



VIDEO: Making Polluters Pay Us Is Step 9 to Saving the Economy

Instead of investing in dirty fuels, let’s start charging polluters for poisoning our skies—and then invest the revenue so that it benefits everyone.

Posted on Jun 11, 2015 READ MORE



VIDEO: Raising the Estate Tax on the Very Rich Is Step 8 to Save the Economy

At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there’s a move among some members of Congress to abolish it altogether.

Posted on Jun 6, 2015 READ MORE


Unemployment

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Posted on Jun 5, 2015 READ MORE



WikiLeaks Releases ‘Largest Leak of Trade Negotiations in History’

WikiLeaks has posted 17 documents about TISA—a giant, controversial global trade deal being negotiated among the U.S. and 23 other countries.

Posted on Jun 4, 2015 READ MORE



VIDEO: Strengthening Unions and Pre-Empting State ‘Right-to-Work’ Laws Is Step 7 to Save the Economy

One big reason America was far more equal in the 1950s and 1960s than now is that unions were stronger then.

Posted on Jun 3, 2015 READ MORE



Why Federal Disaster Relief Money Poses a Bit of Awkwardness for Texas

As extreme weather marked by tornadoes and flooding continues to sweep across Texas, Gov. Greg Abbott has requested—and President Obama has granted—federal help.

Posted on Jun 2, 2015 READ MORE



VIDEO: Ending Corporate Welfare Now Is Step 6 in Saving the Economy

Corporations aren’t people, despite what the Supreme Court says, and they don’t need or deserve handouts.

Posted on May 28, 2015 READ MORE


Trans-Pacific Partnership

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Posted on May 26, 2015 READ MORE



Whatever Happened to Antitrust?

Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust law.

Posted on May 25, 2015 READ MORE



VIDEO: How to Reinvent Education to Save the Economy

Sen. Bernie Sanders is making waves with a big idea to reinvent education: making public colleges and universities tuition-free. I couldn’t agree more.

Posted on May 23, 2015 READ MORE



An Exclusive Excerpt From ‘Trade Is War’

In his new book, subtitled “The West’s War Against the World,” international trade expert Yash Tandon challenges the notion that free trade helps countries develop. Instead, he finds, it often fosters poverty and violence.

Posted on May 22, 2015 READ MORE


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