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Tag: Economy


White House/Pete Souza

Sending Drones Not Divisions

In the post-Cold War era, it was possible to hold grand illusions and chase utopian dreams. As President Obama understands, and his foreign policy critics fail to grasp, that time is past.

Posted on Jun 2, 2014 READ MORE



Freedom Summer II

It took guts to take on the power structure of Mississippi a half-century ago. It takes guts to take on the power structure of giant companies like Walmart and McDonalds now.

Posted on Jun 2, 2014 READ MORE



Tiananmen Square Massacre ‘More Important Than Ever’ 25 Years Later

On June 4, 1989, a million peaceful protesters gathered in Tiananmen Square in Beijing, China, only to be brutally barraged by the Chinese Communist Party with its 200,000 soldiers.

Posted on Jun 1, 2014 READ MORE


Saddled with Debt

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Posted on Jun 1, 2014 READ MORE



The Economy’s Improving but Americans’ Pockets Haven’t Recovered

For a number of reasons, many workers have been left “at the edge of a financial cliff” despite recent boosts in the economy; a new study analyzes whether drivers treat minorities differently at crosswalks; meanwhile, the evolution of our brains may have come at the cost of our muscles. These discoveries and more after the jump.

Posted on May 29, 2014 READ MORE



U.S. One Quarter Away From Recession but Economists Are Optimistic

The U.S. economy contracted for the first time in three years in early 2014, shrinking at an annual rate of 1 percent due in part to an unusually harsh winter in some of the country’s more populous states.

Posted on May 29, 2014 READ MORE



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Poll: Americans Continue to Worry About the Economy

The stock market has been soaring for the last five years, but Americans overall take a negative view of the economy.

Posted on May 28, 2014 READ MORE



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FTC Sounds Privacy Alarm on Data Brokers, Asks Congress to Act

Ever heard of Acxiom or Corelogic? No? Chances are they’ve heard of you. According to a new 110-page report from the Federal Trade Commission, data brokers “collect and store a vast amount of data on almost every U.S. household and commercial transaction.”

Posted on May 28, 2014 READ MORE



LehaKoK / Shutterstock.com

California Gold Rush: The Race for the Hottest Job in Congress

California’s 33rd Congressional istrict is home to some of the Democrats’ wealthiest donors and one of the party’s most progressive leaders. No fewer than 17 candidates are running to pick up the keys to the treasure chest, but is any a worthy heir?

Posted on May 26, 2014 READ MORE



Truthout.org (CC BY-NC-SA 2.0)

IRS Delays New Rules for Dark Money Groups

The agency has pushed back indefinitely a hearing on new regulations for social welfare nonprofits that spend money on politics.

Posted on May 24, 2014 READ MORE



miker / Shutterstock.com

GOP Still Swallowing the Tea

What’s happening in the Republican primaries is less a defeat for the tea party than a surrender by the GOP establishment, which is winning key races by accepting the tea party’s radical anti-government philosophy.

Posted on May 23, 2014 READ MORE



Luciano Castillo (CC BY 2.0)

The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’

For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe.

Posted on May 21, 2014 READ MORE


Stephen Colbert Meets His Match in Elizabeth Warren

Even the pseudo right-wing pundit falls victim to Sen. Elizabeth Warren’s compelling arguments.

Posted on May 20, 2014 READ MORE



Credit Suisse Pleads Guilty on U.S. Felony Charge, Gets $2.6 Billion Fine

Credit Suisse pleaded guilty and was fined $2.6 billion for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on U.S. criminal charges.

Posted on May 20, 2014 READ MORE



They Can’t Outlaw the Revolution

Cecily McMillan could get up to seven years on her conviction of hitting a plainclothes policeman who grabbed her in Zuccotti Park. The persecution of the Occupy activist has become emblematic of the state’s use of the courts to criminalize nonviolent dissent and try to crush new mass movements.

Posted on May 18, 2014 READ MORE



Swiss Turn Down World’s Highest Minimum Wage

Swiss voters rejected a proposal Sunday to introduce the world’s highest minimum wage, which would have guaranteed every worker in one of the priciest nations at least $25 an hour.

Posted on May 18, 2014 READ MORE



The Maker Movement: Tinkering With the Idea That College Is for Everyone

Over the last 10 years or so, increasing numbers of Americans have been seeking the satisfaction that comes with a trade. But vocational education needs some rethinking.

Posted on May 15, 2014 READ MORE



Frederic Legrand / Shutterstock.com

Tim Geithner and the Wall Street Bailout Redux

Timothy Geithner’s new book about the financial crisis, “Stress Test,” is basically an argument that the Wall Street bailout succeeded.

Posted on May 14, 2014 READ MORE



Shutterstock

How to Shrink Inequality

Some inequality of income and wealth is inevitable, if not necessary.

Posted on May 14, 2014 READ MORE


One Man’s Failure

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Posted on May 13, 2014 READ MORE



Shortly After Mother’s Day, U.N. Says U.S. ‘Losing Out’ Over Paid Maternity Leave

The United States is one of just three countries not to guarantee any paid maternity leave, a policy that costs the nation dearly.

Posted on May 13, 2014 READ MORE



Shutterstock

Don’t Be Fooled: FCC Chairman Appears Determined to F Up the Internet

Under immense pressure from corporations and consumers alike, former cable-industry-lobbyist-turned-FCC-chair Tom Wheeler will reportedly revise his scheme to create an Internet toll road, but early reports suggest the new version will make no difference.

Posted on May 12, 2014 READ MORE



White House/Pete Souza

The Democrats’ Strategic Ambiguity

Bragging about what they’ve achieved is what incumbent politicians do. But as Democrats struggle to hang on to the Senate this year (and try against the odds to take over the House), they are not in the usual boasting mood.

Posted on May 12, 2014 READ MORE



London Tops Super-Rich City List, Survey Shows

London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed Saturday.

Posted on May 11, 2014 READ MORE


The One Percent

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Posted on May 10, 2014 READ MORE



Can Something in Soy Sauce Help Treat HIV?

There’s a molecule in the condiment likely hiding in your refrigerator that may stop HIV from spreading in the body; the French government is getting help from Chinese cops to protect tourists visiting from East Asia; meanwhile, donors can now give money to political campaigns using Bitcoin. These discoveries and more after the jump.

Posted on May 10, 2014 READ MORE



Shutterstock

An L.A. Story That’s All Too Familiar

When a city is forced to spend more on Wall Street fees than on basic public services, it is the sign of trouble.

Posted on May 9, 2014 READ MORE



U.S. Companies Doze as Climate Change Threatens

The advances of science and the rapid changes in the economy are leaving the U.S. corporate world far behind, say researchers, who warn that the sector must change urgently.

Posted on May 8, 2014 READ MORE



Shutterstock

The Six Principles of the New Populism (and the Establishment’s Nightmare)

More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington.

Posted on May 7, 2014 READ MORE



Shutterstock

All the Presidents’ Bankers: The Hidden Alliances That Drive American Power

In this excerpt from her best-selling new book, Nomi Prins writes about the period during the administration of Lyndon Johnson when bankers began to move away from the president as they saw their global ambitions hemmed in by the Vietnam War.

Posted on May 6, 2014 READ MORE



Shutterstock

Time for Some Happy Talk

Despite Republican claims to the contrary, things are definitely looking up. Democrats ought to be clicking their heels and spreading the good news.

Posted on May 5, 2014 READ MORE



JStone / Shutterstock.com

The Hillary Difference

President Obama’s difficulties do not appear to be hurting Hillary Clinton’s chances of winning the presidency in 2016.

Posted on May 5, 2014 READ MORE


U.S. Middle Class

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Posted on May 3, 2014 READ MORE


U.S. Control

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Posted on Apr 27, 2014 READ MORE



i4lcocl2 / Shutterstock.com

Wall Street’s Secret Swindle

In the national debate over what to do about public pension shortfalls, here’s something you may not know: The texts of the agreements signed between those pension funds and financial firms are almost always secret.

Posted on Apr 25, 2014 READ MORE



Shutterstock

Now We Know: Economic Inequality Is a Malady—and Not a Cure

It has been a long, long time since Americans accepted the advice of a French intellectual about anything important, let alone the future of democracy and the economy.

Posted on Apr 25, 2014 READ MORE



Questions on the Future of Fracking

The fracking industry is radically changing the U.S. energy industry. But there are growing doubts about how sustainable it will prove.

Posted on Apr 25, 2014 READ MORE


Cookoo Republicans

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Posted on Apr 24, 2014 READ MORE



marsmett talahassee (CC BY-NC-SA 2.0)

Government = Protection Racket for the 1 Percent

The evidence of income inequality just keeps mounting.

Posted on Apr 23, 2014 READ MORE



Shutterstock

Business Leaders Are Concerned About Climate Change, Just Not in North America

According to a flash poll by the Economist Intelligence Unit, a minority of North American business leaders agree that climate change is a problem requiring urgent action, trailing all other continents polled.

Posted on Apr 22, 2014 READ MORE


Obamacare Train Wreck

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Posted on Apr 22, 2014 READ MORE



Bastian (CC BY-NC-ND 2.0)

Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 2014 READ MORE



Glenn Halog (CC BY-NC 2.0)

High Inequality Results in More U.S. Deaths Than Tobacco, Car Crashes and Guns Combined

In 2009, the British Medical Journal published a study that revealed what seems to be a shocking truth.

Posted on Apr 22, 2014 READ MORE



John Caballero (CC-BY-SA)

Bill de Blasio, Unbowed

New York’s new mayor offers no apologies for waging war on economic inequality, for taking his time in making key appointments, or for riling advocates of charter schools.

Posted on Apr 21, 2014 READ MORE


Obamacare Disaster

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Posted on Apr 21, 2014 READ MORE



Clinton’s Advisory Team Pressed for Wall Street Deregulation, Documents Show

New documents reveal the back story of how Wall Street deregulation was pushed by the advisers of President Clinton.

Posted on Apr 21, 2014 READ MORE


Repeal or Cut Bait

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Posted on Apr 21, 2014 READ MORE


Payday Lenders

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Posted on Apr 20, 2014 READ MORE



C. Wright Mills Understood Why We’re So Lame

In the 1950s, as the United States transitioned from a factory- to an office-based economy, the sociologist perceived that “if you wanted to find out what was wrong with American society and politics, you had to look to the white-collar worker,” writes Nikil Saval in The Chronicle of Higher Education.

Posted on Apr 19, 2014 READ MORE


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