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Act of Congress

By Robert G. Kaiser
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Are America’s Small Businesses Finally Realizing That They’re Being Screwed by Big Business?

Some are breaking ranks and telling congressional Republicans not to make the deal at the very top of big businesses’ wish list.

Posted on May 20, 2015 READ MORE


$20 Bill

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Posted on May 17, 2015 READ MORE



AFGE (CC BY 2.0)

Bernie Sanders and Elizabeth Warren Want Obama to Join the ‘Fight for $15’ to Raise Minimum Wage

The effort to raise the minimum wage to $15 an hour is gaining momentum, and two of American progressives’ biggest allies are doing what they can to get the executive branch behind the movement.

Posted on May 16, 2015 READ MORE



VIDEO: Expanding Social Security Is Step 3 in Saving the Economy

You hear a lot about how corporations are struggling to make good on their pension promises, and how Social Security won’t be there for you in retirement. Baloney on both counts.

Posted on May 16, 2015 READ MORE



The Obamas’ Net Worth Is as Much as $6.9 Million

The first family almost qualifies as 1 percenters, with a 2014 adjusted gross income a bit shy of the $521,411 that would put them among the richest segment of Americans, according to financial disclosures released Friday.

Posted on May 15, 2015 READ MORE


VIDEO: Obama Trades Transparency

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Posted on May 14, 2015 READ MORE



Raising the Minimum Wage Is Step One in Making the Economy Work for the Many, Not Only the Few

A basic moral principle that most Americans agree on is no one who works full time should be in poverty, nor should their family.

Posted on May 11, 2015 READ MORE



Mikey Wally (CC BY-NC-ND 2.0)

How the Trans-Pacific Partnership Is Just More Trickle-Down Economics

By now we should know that when big corporations, Wall Street and the wealthy get special goodies, the rest of us get shafted. Yet here comes the Trans-Pacific Partnership.

Posted on May 5, 2015 READ MORE



The Real Reason Inequality Is Widening and Average Working Americans Can’t Gain Ground

For the past quarter-century I’ve offered in articles, books, and lectures an explanation for why average working people in advanced nations like the United States have failed to gain ground and are under increasing economic stress.

Posted on May 4, 2015 READ MORE



How the New Flexible Economy Is Making Workers’ Lives Hell

These days it’s not unusual for someone on the way to work to receive a text message from her employer saying she’s not needed right then.

Posted on Apr 21, 2015 READ MORE


Welfare Queen

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Posted on Apr 16, 2015 READ MORE


Taxes

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Posted on Apr 14, 2015 READ MORE



Just How ‘Socially Advanced’ Is the U.S.? You Might Be Surprised

The Social Progress Index has published the latest global data on quality of life, and America’s “We’re No. 1” crowd isn’t left with much to shout about.

Posted on Apr 9, 2015 READ MORE



How Big Money Is Buying Off Criticism of Big Money

Our democracy is directly threatened when the rich buy off politicians.

Posted on Apr 8, 2015 READ MORE



How the Rise of the Working Poor and Nonworking Rich Is Challenging Core American Assumptions

Many believe that poor people deserve to be poor because they’re lazy and that the rich deserve their wealth because they work harder than others. The reality is very different.

Posted on Mar 31, 2015 READ MORE


Spending Caps

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Posted on Mar 30, 2015 READ MORE



spDuchamp (CC BY 2.0)

We Need a New Economic Model Because the Current Model Is Falling Apart

The economy toward which we’re hurtling—in which more and more is generated by fewer and fewer people who reap almost all the rewards, leaving the rest of us without enough purchasing power—can’t function.

Posted on Mar 19, 2015 READ MORE



Does Being Rich Make You a Self-Centered Lawbreaker?

Work by social psychologist Paul Piff suggests that the more money people have, the more likely they are to cheat or put their needs before those of others.

Posted on Mar 18, 2015 READ MORE


Recovery

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Posted on Mar 14, 2015 READ MORE



Will the Democratic Nominee for 2016 Have the Courage to Take On the Moneyed Interests?

Taking on the moneyed interests is risky, but a failure to take them on prevents any real change in the prospects of the bottom 90 percent of Americans.

Posted on Mar 3, 2015 READ MORE



Here’s How a Couple of Private Banks Take Advantage of Prisoners and Their Families

Who knew you could unscrupulously make millions off unsuspecting state inmates?

Posted on Feb 25, 2015 READ MORE



Shutterstock

Tax Fairness Could Mean More Resources

Roads are crumbling, bridges require repairs, schools need upgrades and public pension systems remain underfunded. How can states and cities find the money to address any of these problems? One way could be through their tax codes.

Posted on Feb 20, 2015 READ MORE



Kostas Koutsaftikis / Shutterstock.com

The Pro-Workers, Pro-Growth Experiment in Greece Is Under Threat

While the wealthiest 85 individuals on the planet own more wealth than the bottom half of the world’s population—and when the top 1 percent will soon own more wealth than the bottom 99 percent—the people of Greece and the anti-austerity party, Syriza, they elected to lead them are struggling to rebuild their economy so that ordinary people there can live with a shred of dignity and security.

Posted on Feb 18, 2015 READ MORE



How Trade Deals Boost the Top 1 Percent and Bust the Rest

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.

Posted on Feb 17, 2015 READ MORE



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Juvenile Republicans Turn on One Another

If the party’s aim is to show Americans it is ready to govern, we are witnessing an epic fail.

Posted on Feb 7, 2015 READ MORE



We’re Barreling Toward a Robot-Based Economy Where All Profits Go to the Robots’ Owners

How would you like to live in an economy in which robots do everything that can be predictably programmed in advance and almost all profits go to the robots’ owners?

Posted on Feb 3, 2015 READ MORE


The Age of Cryptocurrency

Posted on Jan 30, 2015 READ MORE



The Age of Cryptocurrency

A new book examines Bitcoin, a “highly disruptive technology” that has the modest goal of “freeing people from the tyranny of centralized trust.”

Posted on Jan 30, 2015 READ MORE



Put a Name to the 80 People Who Own Half of the World’s Wealth

Some of the names on this list of the über rich will seem familiar while others may come as a surprise.

Posted on Jan 27, 2015 READ MORE



The Middle Class Can’t Be Saved Unless Wall Street Is Tamed

Do we really need reminding about what happened six years ago?

Posted on Jan 27, 2015 READ MORE


1 Want More

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Posted on Jan 26, 2015 READ MORE



Shutterstock

Big Tax Bills for the Poor, Tiny Ones for the Rich

The rich are certainly entitled to their own opinions—but, as the old saying goes, nobody is entitled to his or her own facts.

Posted on Jan 23, 2015 READ MORE



Imagine Something Different

“Imagine if we did something different.” Those were just six words out of close to 7,000 that President Barack Obama spoke during his State of the Union address.

Posted on Jan 21, 2015 READ MORE


The Super Rich Own Half the World

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Posted on Jan 19, 2015 READ MORE



The World’s 1 Percent Will Own More Than the Other 99 Percent Combined by 2016

Can we please stop calling it the “wealth gap”? The figures Oxfam recently reported on global inequality can only be described as a growing abyss between the world’s über-rich and the rest of us.

Posted on Jan 19, 2015 READ MORE



Why Martin Luther King Jr. Would Support Obama’s Tax on the Super-Rich

In one of his last speeches, at Grosse Point, MI., the Rev. Martin Luther King, Jr., laid out his next campaign, the one he died pursuing. It was not about civil rights for minorities but economic rights for “the other America.”

Posted on Jan 19, 2015 READ MORE



Maria Dryfhout / Shutterstock.com

Princeton Study Uses the ‘O’ Word to Describe American Politics

This won’t come as a total shock, but there’s some new hard data to back up what we already suspect anecdotally: Our democracy is really an oligarchy.

Posted on Jan 16, 2015 READ MORE



mdgn / Shutterstock.com

MLK’s Call for Economic Justice

The Rev. Martin Luther King Jr.’s economic message was fiery and radical. To our society’s great shame, it has also proved timeless.

Posted on Jan 16, 2015 READ MORE



Shutterstock

How Government Helps the 1 Percent

The Institute on Taxation and Economic Policy (ITEP) has issued a report showing that at the state and local level, government is, indeed, engaged in redistribution—but it’s redistribution from the poor and the middle class to the wealthy.

Posted on Jan 15, 2015 READ MORE



Workers Keep Getting Shafted and Wages Won’t Rise; What’s Going On?

Jobs are coming back, but pay isn’t.

Posted on Jan 14, 2015 READ MORE



Climate Deniers, Like Big Tobacco, Thrive Behind a Smoke Screen of Doubt

It has been just over 50 years since U.S. Surgeon General Luther Terry released the groundbreaking report, “Smoking and Health.”

Posted on Dec 31, 2014 READ MORE



Tony Fischer (CC-BY)

How a Hedge Fund Made $100 Million From New Jersey’s Desperation

When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.

Posted on Dec 30, 2014 READ MORE



Shutterstock

Fight for Our Progressive Vision

Poll after poll shows that the American people support a progressive agenda that is not shared by the corporate media personalities who dominate the airwaves.

Posted on Dec 30, 2014 READ MORE



The Failure of Republican Economics

Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side “trickle-down” economics.

Posted on Dec 29, 2014 READ MORE



Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.

Posted on Dec 27, 2014 READ MORE


Secret Santa

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Posted on Dec 25, 2014 READ MORE


Xmas Shopping

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Posted on Dec 24, 2014 READ MORE



Why We Can’t Get the Government We Want and Deserve

Some believe the central political issue of our era is the size of the government. They’re wrong.

Posted on Dec 24, 2014 READ MORE



The Income Gap Between Races Is Wider Than It’s Been for Decades

Wealth inequality between whites and their black and Hispanic counterparts has reached its highest point since the late ’80s and early 2000s in the U.S.

Posted on Dec 23, 2014 READ MORE


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