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Tag: Economy

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

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


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

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

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

Posted on Apr 21, 2014 READ MORE

Payday Lenders

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

Russell Brand Sits Down With a Philosopher to Find the ‘Truth Behind the Headlines’

Some newspapers would have you believe you’re in constant danger of being eaten by a giant South American bird around the corner from your home.

Posted on Apr 19, 2014 READ MORE


Will Government Use Its New Leverage Over the Financial Industry?

If you read one business book this year, make it “Flash Boys” by Michael Lewis. The journalist famous for “Moneyball” and “The Big Short” takes readers inside the parasitic world of high-frequency trading that is harming the broader economy.

Posted on Apr 18, 2014 READ MORE


On Climate, Business as Usual

Despite mounting evidence that global warming is an urgent crisis, emissions of heat-trapping greenhouse gases grew faster between 2000 and 2010 than over the previous three decades, according to an authoritative new report from the Intergovernmental Panel on Climate Change.

Posted on Apr 18, 2014 READ MORE

Illustration by Donkey Hotey (CC-BY)

Who Are the Koch Brothers and What Do They Want?

Given the reality that the Koch brothers are now the most important and powerful players in American politics, it is important to know what they want and what their agenda is.

Posted on Apr 18, 2014 READ MORE

GOP Healthplan

Posted on Apr 17, 2014 READ MORE

Knight725 (CC BY-NC 2.0)

Antitrust in the New Gilded Age

We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted.

Posted on Apr 17, 2014 READ MORE

Climate Costs ‘May Prove Much Higher’

A re-examination of the true social costs of greenhouse gas emissions suggests they may have been seriously under-estimated, researchers say.

Posted on Apr 16, 2014 READ MORE


Happy Tax Day, and Why the 1 Percent Pay a Much Lower Rate Than You

It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.

Posted on Apr 15, 2014 READ MORE


Posted on Apr 14, 2014 READ MORE

(CC BY-NC-ND 2.0)

Residents of New Mexico Suffer Under Unregulated Housing Market

In a chilling report on “New Mexico’s Badlands,” writer Joseph Sorrentino sketches life in the “colonias” of Pajarito Mesa, a desert area 10 miles from Albuquerque and home to 1,200 to 1,500 people struggling against real estate predation and an absence of basic services.

Posted on Apr 12, 2014 READ MORE

How Corrupt Is the Obama Administration?

A retiring prosecutor reveals just how unlawful the SEC is; the Netflix show “House of Cards” has helped China’s image in the U.S.; meanwhile, the long-term unemployment crisis must be resolved. These discoveries and more after the jump.

Posted on Apr 12, 2014 READ MORE

AP/Carolyn Kaster

Obama and the Johnson Legacy: Recollecting the Great Society

President Obama appeared in Austin, Texas, on Thursday night to deliver that rarest of speeches: a tribute to a former president, Lyndon Baines Johnson, whose administration still remains in controversy.

Posted on Apr 11, 2014 READ MORE

Pulitzer Prize Winner Says U.S. Has the Most Unfair Modern Economy

This week on Truthdig Radio in association with KPFK: Why the rich keep getting richer (and don’t even realize it), poverty around the world, Stephen Colbert heads to CBS, and Pacifica tries to put a network back together again.

Posted on Apr 11, 2014 READ MORE

Pulitzer Prize Winner Says U.S. Has the Most Unfair Modern Economy

This week on Truthdig Radio in association with KPFK: Why the rich keep getting richer (and don’t even realize it), poverty around the world, Stephen Colbert heads to CBS, and Pacifica tries to put a network back together again.

Posted on Apr 11, 2014 READ MORE

What Newly Released Docs Tell Us About the IRS and How It Handles Dark Money Groups

Here are five takeaways ProPublica found from the documents released Wednesday by a House committee.

Posted on Apr 10, 2014 READ MORE


How the Labor Department Has Let Companies Off the Hook for Unpaid Internships

Four years ago, the Labor Department clarified the rules that make unpaid internships legal, but employers continue to enjoy lax enforcement and free labor.

Posted on Apr 9, 2014 READ MORE

Why the Minimum Wage Should Really Be Raised to $15 an Hour

Momentum is building to raise the minimum wage to $10.10. But we need to be more ambitious.

Posted on Apr 9, 2014 READ MORE

A Century of Collusion Between Washington and Finance

Former Wall Street executive, financial journalist and Truthdig contributor Nomi Prins tells “Democracy Now!” how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States, a series of events that she documents in her new book, “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power.”

Posted on Apr 8, 2014 READ MORE

Wall Street Rigged

Posted on Apr 7, 2014 READ MORE

Corporations Weigh Risks, Opportunities of Changing Climate

For business and industry climate change brings a range of concerns—and offers plenty of new opportunities as well.

Posted on Apr 6, 2014 READ MORE

GOP NoCare

Posted on Apr 6, 2014 READ MORE


The Labor Market’s Double Standards

Technology, sports and politics are distinct worlds. They have their own junkies, their own vernaculars and their own peculiar customs. Yet, in recent weeks you may have noticed a common economic argument coming from those worlds’ respective leaders—an argument about who should have a right to engage in collective action and who should not.

Posted on Apr 4, 2014 READ MORE

Studies Confirm the Dehumanization of Black Children and the ‘Preschool-to-Prison Pipeline’

Racial justice activists and prison abolition groups have long argued that the “school-to-prison” pipeline funnels young black kids into the criminal justice system, with higher rates of school suspension and arrest compared with nonblack kids for the same infractions.

Posted on Apr 3, 2014 READ MORE

Give ‘n’ Take

Posted on Apr 3, 2014 READ MORE

Vietnam’s Solution for Corrupt Bankers: Firing Squads

For the most part, American bankers whose rash pursuit of profit brought on the 2008 global financial collapse didn’t get indicted. They got bonuses.

Posted on Apr 3, 2014 READ MORE


Ukraine Debacle Threatens Europe’s Union

The issue of rightist nationalism as a threat to the European Union and the peace of the new Europe has preoccupied Europeans since 1945, when the predecessors of the EU—the West European Union and then the Coal and Steel Community—were created to assure that Nazism or some totalitarian counterpart would not again rise in Europe.

Posted on Apr 2, 2014 READ MORE

Themeplus (CC BY-SA 2.0)

The Distributional Games

Why would people turn down a deal that made them better off simply because it made someone else far, far better off?

Posted on Apr 1, 2014 READ MORE

Senate Democracts (CC-BY)

Who Cares About the Value of Work?

Sen. Patty Murray, D-Wash., favors a minimum wage increase to $10.10 an hour, but she also has other ideas that would help Americans at the bottom of the income structure to earn more.

Posted on Mar 31, 2014 READ MORE

Payday Loan Hearings

Posted on Mar 30, 2014 READ MORE


China’s One-Child Policy and America’s No-More-Child Policy

What both the Chinese government’s one-child policy and the U.S.’ no-more-child policy have in common is that both totally disregard the intelligence, the moral agency, and the bodily integrity of women.

Posted on Mar 28, 2014 READ MORE

Aspen Photo /

Let Them Eat NCAA Brackets

There are many modern-day analogies to Marie Antoinette’s attitude toward the proles during the 18th century, but nothing quite like Warren Buffett’s billion-dollar giveaway.

Posted on Mar 28, 2014 READ MORE (CC BY-NC-SA 2.0)

The New Billionaire Political Bosses

Charles and David Koch should not be blamed for having more wealth than the bottom 40 percent of Americans put together.

Posted on Mar 26, 2014 READ MORE

Top Chinese JPMorgan Exec Leaving Amid Probe

One of JPMorgan Chase’s top Chinese executives will resign, according to a bank memo, as regulators probe whether the financial giant violated anti-bribery laws in Asia.

Posted on Mar 25, 2014 READ MORE

AP/Pavel Golovkin

The Long Telegram: Imaginary Friends and Phantom Enemies

The result of the obsessive vilification of Russia is a tragic waste of opportunities for two major nations to join in the actual wars at hand.

Posted on Mar 25, 2014 READ MORE

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