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$4.49
E.J. Dionne
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$22
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visualpanic (CC BY 2.0)
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By Barbara Garson, TomDispatch —
If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend and a massive mortgage-based Ponzi scheme began to tumble. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security and hope—a Long Recession of their own.
Posted on Apr 10, 2013
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Don Hankins (CC BY 2.0)
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“Today the stock market is high not from profits from expanding sales revenues, but from labor cost savings,” former Reagan Treasury Secretary Paul Craig Roberts writes in CounterPunch.
Posted on Mar 6, 2013
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A union in New Zealand got fast food chains such as McDonald’s and Starbucks to raise their workers’ wages by 50 percent; Palestinian books don’t indoctrinate children against Jews after all; and perhaps, rather than fear Massive Online Open Courses, we should embrace this opportunity for cheap widespread online education. These discoveries and more after the jump.
Posted on Feb 11, 2013
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Randy Son of Robert (CC BY 2.0)
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By ignoring the historic role government played in enabling economic growth, the prevailing myths about how the U.S. became prosperous allow lawmakers, officials and lobbyists to craft policies that prevent the majority of Americans from taking their rightful share of the national wealth, Jeff Madrick writes in Harper’s Magazine.
Posted on Jan 29, 2013
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White House/Pete Souza
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By The Rev. Madison Shockley — My family survived the Great Recession because of the policies of the Obama administration. I suspect we were not alone in benefiting from one or another of the various relief programs.
Posted on Oct 15, 2012
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Mike Licht, NotionsCapital.com (CC BY 2.0)
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At the height of the financial crisis, The Guardian identified 25 bankers, economists, politicians and financial officials who helped bring about the worst economic crisis since the Great Depression. What are they up to now?
Posted on Aug 7, 2012
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Zuade Kaufman/Truthdig
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Truthdig’s editor-in-chief has taken top honors in the Online Column Writing (Independent) category.
Posted on Jul 19, 2012
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MrGuilt (CC BY 2.0)
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By Bill Boyarsky — With the encouragement of Mitt Romney, House Republicans are doing everything they can to keep Americans from getting work, just to defeat President Obama.
Posted on Jun 14, 2012
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pasukaru76 (CC BY 2.0)
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By Barbara Ehrenreich, TomDispatch —
The poor provide a juicy target for anyone depraved enough to make a business of stealing from them. The trick is to rob them in ways that are systematic, impersonal and almost impossible to trace to individual perpetrators.
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nosha (CC BY-SA 2.0)
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By Noam Chomsky, TomDispatch —
After the first few years of the Great Depression there was a sense that “we’re gonna get out of it.” It’s quite different now. For many people in the United States, there’s a pervasive sense of hopelessness, sometimes despair. I think it’s quite new in American history. And it has an objective basis.
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AP / Erich Schlegel
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Here’s a sobering dose of reality: Poverty in America has risen to the 27 percent mark in the last half-decade and, perhaps worse, the prospects for our nation’s poorest won’t necessarily get better as the economy picks up. It’s not news many want to hear, but we’re glad a group of researchers at Indiana University were gutsy enough to release it.
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Flickr / wallyg
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In 2008, the 10 biggest U.S. banks and brokerage firms took $829 billion in emergency loans from the U.S. Treasury and the Federal Reserve. Until now, who got what had been a secret. ... (more)
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AP / Mark Lennihan
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Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the collapse of capitalism, the likes of which we haven’t seen since the Great Depression?
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