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August 26, 2016
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Tag: Economy

Venturing Into ‘the Capitalist Labyrinth’  (Video)

In this week’s edition of “On Contact,” Truthdig columnist Chris Hedges and author Rob Urie explore how our economic system is responsible for nuclear weaponry, climate change and imperialism.

Posted on Aug 23, 2016 WATCH & LISTEN


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‘On Contact’: Chris Hedges and Professor Eddie Glaude Discuss ‘The Great Black Depression’ (Video)

“From housing to jobs to poverty levels, black America is struggling,” the Princeton educator tells the Truthdig columnist. “In so many ways since 2008, our communities have been in ruins.”

Posted on Aug 16, 2016 WATCH & LISTEN


Why a Tax on Wall Street Trades Is a Great Idea (Video)

By Robert Reich / RobertReich.org

One of Bernie Sanders’ most important proposals didn’t receive enough attention and should become law.

Posted on Aug 14, 2016 WATCH & LISTEN


Trump’s Economic Plan









Posted on Aug 11, 2016 ENLARGE



How Universal Basic Income Could Help Build Better, Closer-Knit Communities

An advocate of the idea cites numerous cases around the world in which money allotted to members of communities with no strings attached led to important gains in social cohesion.

Posted on Aug 4, 2016 READ MORE



Pope Francis: Capitalism Is ‘Terrorism Against All of Humanity’

The pontiff argues that the modern economy’s worship of the “god of money” leads to disenfranchisement and extremism.

Posted on Aug 2, 2016 READ MORE



‘Equity’ Film Review: Women Bare Their Teeth in Wall Street’s Shark Tank

This female-driven thriller, starring Anna Gunn of “Breaking Bad” fame, is a study of a cutthroat species in its natural habitat and plays on expectations and conventions with some surprising twists.

Posted on Jul 28, 2016 READ MORE


Robert Scheer Questions Lawrence Summers and Michael Blumenthal on the 2008 Financial Crash (Video)

On Day 3 of the Democratic National Convention, Truthdig’s editor in chief confronted the two former Treasury secretaries about the role financial deregulation played in the Wall Street crash.

Posted on Jul 27, 2016 WATCH & LISTEN



Top Five Green Energy Good News Stories Today

Solar power is poised to grow sixfold by 2030 and could constitute between 9 percent and 13 percent of world electricity production by then.

Posted on Jul 4, 2016 READ MORE


Puerto Rico in Crisis as Obama Authorizes Federal Financial Control (Multimedia)

Puerto Ricans took to the streets Thursday to protest what they see as a return to colonialist policy after President Obama signed an emergency measure to put the island’s finances under the oversight of the federal government.

Posted on Jul 1, 2016 WATCH & LISTEN



7 in 10 Americans Believe the Economy Is Rigged

Most feel they have less financial security than their parents had, a new poll reveals. And they fear the economic situation will only get worse.

Posted on Jun 28, 2016 READ MORE



I Have a Big Idea for Hillary

Hillary Clinton needs a big idea that gives her presidential candidacy a purpose and rationale—and, if she’s elected, a mandate to get something hugely important done.

Posted on Jun 20, 2016 READ MORE


Fed Leading the Banks









Posted on Jun 17, 2016 ENLARGE


John Oliver, Outraged Over His 401(k), Tells Us All We Need to Know About Retirement Plans (Video)

Financial advisers chose the wrong late-night show host to try to bamboozle with complicated retirement plans full of hidden fees.

Posted on Jun 13, 2016 WATCH & LISTEN



Bill Clinton’s Legacy of Denial

Endorsing the Republican agenda of financial industry deregulation, reversing New Deal safeguards, President Clinton caused more damage to the American economy in the long run than any president since Herbert Hoover.

Posted on Jun 5, 2016 READ MORE



Imagine What President Donald Trump and Attorney General Chris Christie Might Do to Marijuana Laws

A new administration hostile to marijuana and a memo from the Justice Department could crash the pot movement.

Posted on Jun 1, 2016 READ MORE



Armed with Policy Solutions and Populist Rage, Campaign Vows to ‘Take on Wall Street’

“We are going to make this an issue in congressional races. No one will be able to run from this.”

Posted on May 24, 2016 READ MORE



Will Hillary Clinton’s Plan to Have Her Husband Fix the Economy Hurt Her at the Polls?

The intense scrutiny of Bill Clinton’s economic record may not give her the boost she is expecting.

Posted on May 21, 2016 READ MORE


Student Debt









Posted on May 21, 2016 ENLARGE



American CEOs Make 335 Times More Than Their Workers

And Verizon’s CEO makes even more than that.

Posted on May 19, 2016 READ MORE



Great Recession Continues to Loom Over 2016 Graduates, Even as Corporate Profits Rise

The New York Times editorial board released a depressing report recently on the bleak job prospects faced by high school students graduating this year, a situation it traces to consistent political failures in recent times.

Posted on May 15, 2016 READ MORE



Surprise! Despite Syria-Iraq Turmoil, Major Mideast Economies Are Growing at 3 to 4 percent (Video)

When you hear only bad news from a place, you form a negative opinion of it.

Posted on May 15, 2016 READ MORE



Middle- and Lower-Income U.S. Households Losing Ground, Report Says

Poorer households saw their income drop from a median of $26,373 in 1999 to $23,811 in 2014, and middle-class incomes fell too, according to new research.

Posted on May 12, 2016 READ MORE



The Smartest Places on Earth

“The sharing of brainpower was taking place in very unlikely places that were becoming the hotspots of innovation,” write the authors of a new book. These unlikely places—the rust belts of America—are the cities and regions that were crushed by the previous round of competitiveness.

Posted on May 6, 2016 READ MORE



Greece Bailout Was for EU Banks: Study Confirms That Rescue Loans Didn’t Serve the Greek People

“The only reason why they effected this so-called bailout of Greece was to save their own banks and to present this as solidarity with Greece.”

Posted on May 5, 2016 READ MORE



President Obama Calls for Support of TPP; Sanders Calls TPP a ‘Disaster’

Amid the recent hubbub about the TTIP (Transatlantic Trade and Investment Partnership), it’s easy to lose sight of that other international trade deal with two Ts and a P in its abbreviation that’s caused a worldwide backlash in recent months.

Posted on May 4, 2016 READ MORE



The Third Way: Share-the-Gains Capitalism

If I were a betting man, I’d bet on a model of capitalism that’s neither no-lose socialism for the rich nor cruel hypercapitalism for the rest, but share-the-gains capitalism for everyone.

Posted on May 3, 2016 READ MORE


Why the Racial Wealth Gap Is Widening—and Some Steps to Reverse It (Video)

By Robert Reich

Unless you earn enough to be able to begin to accumulate wealth, you can’t get ahead. That’s why kids from low-income families start out in life at a huge disadvantage—especially children of color.

Posted on May 2, 2016 WATCH & LISTEN



Hillary Clinton Camp Says She’s Been Forced to the Left Enough Already

Clinton ally tells The Hill, “I don’t know what’s left to extract.”

Posted on Apr 29, 2016 READ MORE



Reinventing Saudi Arabia After Oil: The Prince’s $2 Trillion Gamble

Prince Muhammad Bin Salman, 30, the deputy crown prince of Saudi Arabia, laid out his vision for Saudi Arabia on Monday in a plan called “Vision 2030.”

Posted on Apr 27, 2016 READ MORE



Calling Corporate-Backed Deals an ‘Indisputable’ Good, Obama Makes Pitch for TTIP

Sitting next to Chancellor Angela Merkel during a summit in Germany, the U.S. president continued to ignore opponents as he defended the controversial agreement with European nations.

Posted on Apr 24, 2016 READ MORE



The Mainstream Media’s Big Disconnect: Why They Don’t Get Middle America

The top journalists covering the elections are out of touch. No wonder they’re missing this year’s big stories.

Posted on Apr 24, 2016 READ MORE



Why Isn’t Everyone in Favor of Taxing Financial Speculation?

Why is there so little discussion about one of Bernie Sanders’s most important proposals—to tax financial speculation?

Posted on Apr 19, 2016 READ MORE



Oxfam Report Exposes How U.S. Companies Hide Profits and Avoid Taxes

Turns out U.S. corporations get workers’ hard-earned money in the form of tax breaks and then offload it in tax havens.

Posted on Apr 14, 2016 READ MORE



Nation Books

How Clinton Democrats Killed Roosevelt’s Dream of the Affordable Home

The following excerpt from Robert Scheer’s book “The Great American Stickup” details the perversion of Fannie Mae and Freddie Mac and is particularly relevant this election season, as it explains the connection between Clinton “progressives” and the 2008 housing meltdown that impoverished millions.

Posted on Apr 7, 2016 READ MORE



The Clooneys’ Fundraisers for Hillary Clinton: A Tale of Two Economies

The irony of the events for the super-rich taking place in a land of burgeoning homelessness—California—may not be lost on the electorate come June.

Posted on Mar 30, 2016 READ MORE



California Reaches Deal to Raise Minimum Wage to $15 an Hour

Numerous statewide polls have suggested that voters would approve a minimum wage proposal—perhaps even a more sweeping version—which forced lawmakers to take swift action.

Posted on Mar 27, 2016 READ MORE



Trump and Cruz Tax Plans Would Be the Largest Redistributions to the Rich in U.S. History

Tax cuts for the rich proposed by the two leading Republican candidates for the presidency are larger, as a proportion of the government budget and the total economy, than any tax cuts ever proposed.

Posted on Mar 23, 2016 READ MORE



America in Crisis: What Happens When Neither Political Party Answers to the Bottom 90 Percent?

Our nation faces a massive crisis provoked by the loss of democratic representation.

Posted on Mar 20, 2016 READ MORE



Here’s the Truth About Free Trade

Both Bernie Sanders and Donald Trump are blaming free-trade deals for the decline of working-class jobs and incomes. Are they right?

Posted on Mar 14, 2016 READ MORE



Canada Set to Test Basic-Income Concept

Our northern neighbor has decided to experiment with an idea already gaining popularity in Switzerland, Germany and Finland.

Posted on Mar 14, 2016 READ MORE



Why It’s Imperative That We Hear Michigan’s Angry Voices

The Rust Belt state’s primary outcome—victories by Bernie Sanders and Donald Trump—was brought to you by white working-class men and the people from little towns and small cities.

Posted on Mar 14, 2016 READ MORE



The Mexicanization of the United States

The destruction caused by neoliberalism is global. The patterns of economic, social, cultural and political assault that Mexico has suffered are afflicting countries from Greece to the United States. Only a worldwide anti-capitalist resistance movement will save us.

Posted on Mar 13, 2016 READ MORE



Millennials Are Paying for ‘the Western World’s Most Stunning Accounting Disaster to Date’

A staggering Guardian investigation reveals how, far from being “the most indulged young people in the history of the world,” Westerners born in the 1980s and mid-1990s have been betrayed by previous generations that have left them in debt, jobless and locked out of property markets.

Posted on Mar 7, 2016 READ MORE



Remember That CEO Pay Cap? It’s Even Less Effective Than We Knew

Companies are increasingly using pay-for-performance to get around a $1 million federal limit on tax deductions for executive compensation.

Posted on Mar 6, 2016 READ MORE



Why the Critics of Bernienomics Are Just Plain Wrong

Not a day goes by, it seems, without the mainstream media bashing Bernie Sanders’ economic plan and quoting certain economists as saying his numbers don’t add up. They’re wrong. You need to know the truth, and spread it.

Posted on Mar 3, 2016 READ MORE



An Open Letter to the Republican Establishment

I have some disturbing news for the billionaires who for decades have been the backbone of the Republican Party.

Posted on Mar 1, 2016 READ MORE



With 269 Stores Closing, Is This the Beginning of the End for Wal-Mart?

More than anything, Wal-Mart’s closures are best explained as a side effect of its main strategy for dominating the economy: overbuilding regions to the point of not just destroying competition but cannibalizing its own sales.

Posted on Feb 27, 2016 READ MORE



Is This the End of the Establishment?

Step back from the campaign fray for just a moment and consider the enormity of what’s already occurred.

Posted on Feb 23, 2016 READ MORE


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