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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

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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

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Posted on Apr 6, 2014 READ MORE



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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

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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



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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



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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



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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

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Posted on Mar 30, 2014 READ MORE



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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



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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



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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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Health Care’s Real Stakes

You never get a second chance to make a first impression. But at the end of this month, the new health care law will get a third chance to make a decent impression—finally.

Posted on Mar 24, 2014 READ MORE



Spanish Police Arrest 24 in Madrid After Anti-Austerity Protest

Spanish police detained 24 people during street violence late Saturday after a large anti-austerity demonstration in Madrid in which dozens were injured.

Posted on Mar 24, 2014 READ MORE



White House/Pete Souza

Framed for Crimea: Obama’s Critics Issue Hollow Indictments

To hear the Republicans shrieking about Crimea—from those howling simpletons on Fox News to the churlish statesmen of the United States Senate—all blame rests with President Barack Obama.

Posted on Mar 21, 2014 READ MORE



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Ukraine Promises Only Trouble for Russia

After Vladimir Putin’s speech in the Kremlin justifying and welcoming Russian annexation of Crimea, the Western press now asks what next will Putin do? How far will he go?

Posted on Mar 18, 2014 READ MORE


Bankers and Big Data

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Posted on Mar 16, 2014 READ MORE



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The ‘Paid-What-You’re-Worth’ Myth

If you still believe people are paid what they’re worth, take a look at Wall Street bonuses.

Posted on Mar 15, 2014 READ MORE



NYC: Where Bonuses Rise, and The Working Poor Still End Up Homeless

Bonuses on Wall Street jumped 15 percent in 2013, while record numbers of New Yorkers poured into homeless shelters.

Posted on Mar 14, 2014 READ MORE


Republican Lifeguard

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Posted on Mar 14, 2014 READ MORE


Nomi Prins on American Oligarchy

In this excerpt from the March 13, 2014 edition of Truthdig Radio, author and Truthdig contributor Nomi Prins says just a few families hold most of the power in the United States.

Posted on Mar 13, 2014 READ MORE



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Libya’s Parliament Dumps PM Zeidan, Elects al-Thinni, Over Oil Tanker Crisis

In a series of dramatic political moves, the Libyan General National Congress on Tuesday made a vote of no confidence in Prime Minister Ali Zeidan.

Posted on Mar 12, 2014 READ MORE



The Growth of the American Servant Sector

Nowadays, the members of the 1 percent are the only ones getting richer and they’re hiring servants to keep them comfy; there are a few things you should be aware about with regard to your caffeine intake; meanwhile, familiar weather patterns have gone extinct. These discoveries and more after the jump.

Posted on Mar 11, 2014 READ MORE



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On the Money: A House Divided Against Itself

In the first two months of this year, 20 percent of all the money spent on election advocacy came from conservative political groups attacking Republican candidates.

Posted on Mar 11, 2014 READ MORE



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The Great U Turn

Do you recall a time in America when the income of a single school teacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family?

Posted on Mar 7, 2014 READ MORE


Noam Chomsky on Some Simple Ways to Ruin an Economy

Scholar, philosopher and activist Noam Chomsky kicks off this talk filmed last month with a simple, provocative premise: “Let’s pose that for some perverse reason that we were interested in ruining an economy and a society.” Now, who would want to go and do a thing like that?

Posted on Mar 6, 2014 READ MORE


Minimum Wage

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Posted on Mar 6, 2014 READ MORE



AP/Andrew Lubimov

Ukraine Between a Rock and Russia

Ukraine’s neighbors are forcing the country to play a zero-sum game in which it must choose sides without getting much in return.

Posted on Mar 6, 2014 READ MORE


Bitten Coin

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Posted on Mar 3, 2014 READ MORE


College Loans

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Posted on Mar 1, 2014 READ MORE


Obamacare Victims

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Posted on Feb 28, 2014 READ MORE



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‘The Internet Is Fucked’

Even if someone printed this out and mailed it to you, you get your information from the Internet, a magical place that is increasingly controlled and manipulated by greedy, lazy corporations. Free speech, as we know it, is gone.

Posted on Feb 25, 2014 READ MORE



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Inequality, Productivity and WhatsApp

If you ever wonder what’s fueling America’s staggering inequality, ponder Facebook’s acquisition of the mobile messaging company WhatsApp.

Posted on Feb 22, 2014 READ MORE



Another Apparent Suicide Brings Financial World Death Toll to 6 in 2014

A 33-year-old JPMorgan employee jumped to his death from the roof of the firm’s Hong Kong headquarters Tuesday, adding to a series of untimely deaths in the banking and big business arena in recent weeks.

Posted on Feb 19, 2014 READ MORE



White House/Pete Souza

NAFTA Partners Meet to Negotiate TPP Deal

The Trans-Pacific Partnership is like NAFTA on steroids, so it makes some sense that Canada, the United States and Mexico hope to fix the old, ostensibly bad trade deal with another, bigger one.

Posted on Feb 19, 2014 READ MORE



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More Solar Workers in U.S. Than Coal Miners, and Solar Doesn’t Poison Drinking Water

By the end of 2013, the number of workers in the solar energy industry in the U.S. had grown to 143,000.

Posted on Feb 18, 2014 READ MORE


One Percenters’ Valentine

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Posted on Feb 16, 2014 READ MORE



Foreclosure Filings Jump as Investors Eye Exits

It’s too bad Keynes isn’t around today to see how the toxic combo of financial engineering, central bank liquidity and fraud have transformed the world’s biggest economy into a hobbled, crisis-prone invalid that’s unable to grow without giant doses of zero-rate heroin and mega-leverage crack cocaine.

Posted on Feb 15, 2014 READ MORE



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America’s ‘We’ Problem

America has a serious “We” problem—as in “Why should we pay for them?”

Posted on Feb 15, 2014 READ MORE



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Recess Is Over: What the Supreme Court Has in Store for Us Now

If you’ve been wondering what has happened to the Supreme Court and all those transformative decisions it was supposed to issue during its 2013-14 term, you’re not alone.

Posted on Feb 14, 2014 READ MORE



The True Actor

Jacinto Lucas Pires’ award-winning novel, “The True Actor,” is the perfect illustration of writer Pedro Mexia’s statement: “Portugal is traveling through a black tunnel where the light at the end is merely a train about to crash into it.”

Posted on Feb 14, 2014 READ MORE


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