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Tag: Economy


Imagine Something Different

“Imagine if we did something different.” Those were just six words out of close to 7,000 that President Barack Obama spoke during his State of the Union address.

Posted on Jan 21, 2015 READ MORE



Climate’s Threat to Wheat Is Rising by Degrees

Worldwide field trials show that just one degree of warming could slash wheat yields by 42 million tonnes and cause devastating shortages of this vital staple food.

Posted on Jan 19, 2015 READ MORE


The Super Rich Own Half the World

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Posted on Jan 19, 2015 READ MORE



The World’s 1 Percent Will Own More Than the Other 99 Percent Combined by 2016

Can we please stop calling it the “wealth gap”? The figures Oxfam recently reported on global inequality can only be described as a growing abyss between the world’s über-rich and the rest of us.

Posted on Jan 19, 2015 READ MORE



Are Conservatives Actually Becoming More Compassionate?

Jeb Bush and Mitt Romney are zeroing in on inequality as America’s fundamental economic problem.

Posted on Jan 19, 2015 READ MORE



Why Martin Luther King Jr. Would Support Obama’s Tax on the Super-Rich

In one of his last speeches, at Grosse Point, MI., the Rev. Martin Luther King, Jr., laid out his next campaign, the one he died pursuing. It was not about civil rights for minorities but economic rights for “the other America.”

Posted on Jan 19, 2015 READ MORE



SOTU Preview: Obama to Pitch Plan to Raise Taxes on the Wealthy

President Obama appears as though he’s not about to take the whole lame-duck thing (not to mention the Republican-lockdown-on-Congress thing) sitting down, given his outline for Tuesday’s State of the Union address.

Posted on Jan 18, 2015 READ MORE



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MLK’s Call for Economic Justice

The Rev. Martin Luther King Jr.’s economic message was fiery and radical. To our society’s great shame, it has also proved timeless.

Posted on Jan 16, 2015 READ MORE



The World We are Shaping Is Feeling the Strain

The world risks being destabilised by human activity, scientists report, most of it the work of a wealthy minority of us.

Posted on Jan 16, 2015 READ MORE


Obamaville

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Posted on Jan 14, 2015 READ MORE



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The Deja Vu Election

I don’t believe the nation is eager to see the 2016 presidential race devolve into a contest of attrition among the tired, the shopworn, the unviable and the famously surnamed. For the moment, however, this is the direction in which history appears to be trudging.

Posted on Jan 12, 2015 READ MORE



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Fight for Our Progressive Vision

Poll after poll shows that the American people support a progressive agenda that is not shared by the corporate media personalities who dominate the airwaves.

Posted on Dec 30, 2014 READ MORE



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Economic Facts Get in the Way of Presidential Ambitions

Uh-oh. Now that the economy is doing well, what are Republicans—especially those running for president—going to complain about?

Posted on Dec 29, 2014 READ MORE



The Failure of Republican Economics

Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side “trickle-down” economics.

Posted on Dec 29, 2014 READ MORE



Is Universal Health Care Too Radical for Americans?

Although the country’s views have progressed in terms of gay rights and race, universal health care isn’t something Americans can get used to; a company in Japan offers people weddings to themselves; meanwhile, a confession by former officer Darren Wilson’s prosecutor may be cause to reopen the Ferguson case. These discoveries and more after the jump.

Posted on Dec 27, 2014 READ MORE



Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.

Posted on Dec 27, 2014 READ MORE


Secret Santa

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Posted on Dec 25, 2014 READ MORE


Xmas Shopping

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Posted on Dec 24, 2014 READ MORE



Why We Can’t Get the Government We Want and Deserve

Some believe the central political issue of our era is the size of the government. They’re wrong.

Posted on Dec 24, 2014 READ MORE



Attila JANDI / Shutterstock.com

A Win for the Cuban People

President Obama’s historic opening to Cuba is long overdue—and has a chance of hastening the Castro dictatorship’s demise.

Posted on Dec 19, 2014 READ MORE


Citigroup Democracy

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Posted on Dec 18, 2014 READ MORE



How Inside Traders Are Rigging America and Contributing to the Savage Inequalities of American Life

Major players on Wall Street have been making tons of money not because they’re particularly clever but because they happen to be in the realm where a lot of coins come their way.

Posted on Dec 18, 2014 READ MORE



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What Is Chuck Schumer Up To?

The senior senator from New York says he was surprised that nine paragraphs in a 6,600-word speech got all the attention. He shouldn’t have been.

Posted on Dec 17, 2014 READ MORE



NY State Official Raises Alarm on Charter Schools — And Gets Ignored

A top official in the New York State Comptroller’s Office has urged regulators to require more transparency on charter-school finances. The response has been, well, nonexistent.

Posted on Dec 17, 2014 READ MORE


Wall St. Cushion

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Posted on Dec 15, 2014 READ MORE


The Elizabeth Warren Speech That Has Everyone Talking

The Massachusetts senator sure won’t let big banks get away with the kind of blatant robbery other members of Congress seem perfectly happy to allow.

Posted on Dec 15, 2014 READ MORE



Jobless U.S. Males Are Deprived and Discouraged—Not Lazy

The share of unemployed American men age 25 to 54 has more than tripled since the 1960s. Many want to work, but the wages paid by what few jobs are available don’t support a desirable quality of life.

Posted on Dec 12, 2014 READ MORE



China Now Has the World’s Largest Economy, Not That It Wanted the Title

The time has come to ponder the implications of China overtaking the U.S. as the largest economy in the world earlier than previously projected; U.K. scientists have made a finding that could help us better treat obesity; meanwhile, perhaps what is most telling about the torture report is not what we can read, but what we can’t. These discoveries and more after the jump.

Posted on Dec 11, 2014 READ MORE



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A Multi-Billion Dollar Secret

If you are a public school teacher in Kentucky, the state has a message for you: You have no right to know the details of the investments being made with your retirement savings.

Posted on Dec 5, 2014 READ MORE



Illustration by Donkey Hotey (CC-BY)

An Economic Agenda for America: 12 Steps Forward

The American people must make a fundamental decision. Do we continue the 40-year decline of our middle class and the growing gap between the very rich and everyone else, or do we fight for a progressive economic agenda that creates jobs, raises wages, protects the environment and provides health care for all?

Posted on Dec 2, 2014 READ MORE



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Why Some of the Most Conservative Republicans Are Pro-Immigration

Take, for example, studies arguing for a liberalized immigration policy by the Cato Institute, a conservative libertarian think tank started by the vast wealth of right-wingers Charles and David Koch.

Posted on Dec 2, 2014 READ MORE



Is College Worth the Cost?

This is the time of year when high school seniors apply to college, and when I get lots of mail about whether college is worth the cost. The answer is unequivocally yes, but with one big qualification.

Posted on Nov 25, 2014 READ MORE



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Walmart Employees Go Hungry Working for the Richest Family in America

The Walton family control $145 billion in personal wealth, an amount equivalent to the bottom 42 percent of all Americans. Their employees, meanwhile, depend on food banks and taxpayer-funded welfare programs to survive.

Posted on Nov 21, 2014 READ MORE



Ververidis Vasilis / Shutterstock.com

A Big Election With Little Local Journalism

What if you held an election and nobody showed up to cover it? That’s what the 2014 midterms were like in much of the country.

Posted on Nov 21, 2014 READ MORE



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Fix Decaying Pipelines First for Jobs, Health and Safety

With the Keystone XL pipeline stalled again, now perhaps we can look ahead and consider more promising ways to rebuild our energy system, creating many more jobs than that controversial project ever would.

Posted on Nov 19, 2014 READ MORE



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When a Bank Owns 100 Oil Tankers, It Can Mess With the Price of Gas

A two-year Senate investigation of the financial sector has found that banks can meddle with the economy in new and frightening ways.

Posted on Nov 19, 2014 READ MORE



Darren Brode / Shutterstock.com

Some of America’s Biggest Corporations Pay Their CEOs More Than They Owe in Taxes

How does a company like Ford, which did $139.4 billion in business last year, qualify for a tax refund?

Posted on Nov 19, 2014 READ MORE



Lives on the Boundary: Education and Inequality

For almost 35 years, I’ve been writing about people who have had a hard time of it in school, and this writing has led me to examine our definition of intelligence and measures of academic achievement, the relation of social class and inequality to achievement, and the very purpose of education in a democratic society.

Posted on Nov 18, 2014 READ MORE


Another Bank Behaving Badly? British Journalist Paul Mason Is Fed Up

Channel 4’s economics editor is sick of covering the same mega-banks broaching criminality. “We really deserve a better banking system,” he says, standing in front of the RBS building.

Posted on Nov 17, 2014 READ MORE



Did Saudi Arabia Wage an Economic War on Iran, Russia and North Dakota at the G-20?

What did Saudi Arabia have to say at the recently concluded G-20 conference?

Posted on Nov 17, 2014 READ MORE



Study: The .01% Is the New 1%

Comparisons between post-2008 America and the economic quagmire of the 1930s have been circulating for years, but a new study out of the London School of Economics sets the country back even further—and moves the decimal point back a couple of spaces on the 1 percent to highlight an even smaller and richer demographic.

Posted on Nov 11, 2014 READ MORE



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What to Do About American Plutocracy

All is not lost. Change has happened in the past, against severe resistance, three times since the Civil War.

Posted on Nov 11, 2014 READ MORE



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Worse Than 2010

For Democrats, the 2014 election was not the 2010 Republican landslide. It was worse.

Posted on Nov 5, 2014 READ MORE



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Do Nothing, Repeat

The crisis in our political system is less about party than about horizon. To understand why, consider the issue of climate change.

Posted on Nov 3, 2014 READ MORE


Why the Midterm Elections Should Matter Especially to Women

By Robert Reich

If Republicans take over Congress on Tuesday, the economic position of women will take a major hit.

Posted on Nov 3, 2014 READ MORE



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What Would Republicans Do?

Republicans still refuse to articulate any vision for governing.

Posted on Oct 31, 2014 READ MORE



harper kt / Shutterstock.com

Is the Minimum Wage Really a Living Wage?

Under pressure to raise his state’s minimum wage, Wisconsin Gov. Scott Walker confidently declared that there was no need to do so.

Posted on Oct 31, 2014 READ MORE



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Plutocrat or Populist? Actually, Hillary Clinton Is Neither

As America’s biggest political target—a status she is likely to enjoy for the foreseeable future—Hillary Clinton takes incoming fire of every caliber from all directions.

Posted on Oct 31, 2014 READ MORE



A Revisionist Take on President Obama

There is no shortage of bad news for President Obama, but history may be kinder to the man.

Posted on Oct 24, 2014 READ MORE



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The Blue-Collar Imperative

Democrats in Kentucky and Georgia are pushing hard to win back the white working-class vote from Republicans.

Posted on Oct 20, 2014 READ MORE


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