Discussion of Detroit, MI falling from premier industrial city to bankruptcy and the ramifications.
|By: Greg Palast Saturday October 25, 2014 1:59 pm|
Using money to influence—ie. purchase—elections began when Thug gave Ugg a big, sharp rock in return for his vote for cave leader. It’s an ugly scene – and it has never stopped.
But with the advent of formalized democracy, purchasing a vote has gone through a psychological shift. With money, you can buy a voter’s neurons, board the brain like a pirate, and steal the booty—some poor schmuck’s “choice” made in a voting booth.
|By: masaccio Sunday October 19, 2014 11:40 am|
How badly do centrists of both parties have to be beaten up economically before they get past the political/media freak show and renounce their belief in Neoliberalism as the One True Economic Faith?
|By: Synoia Wednesday October 15, 2014 8:00 pm|
A question for these Retailers:
Would you support Unions, drop Austerity, erect Tarriffs, abrogate the trade treaties: NAFTA, CAFTA, TPP, TTIP and TISA, and lobby the Federal Government to fix our infrastructure (good jobs, money in the bottom 50%, more sales), all to fix you bottom line?
Yes or No?
|By: Jodi N. Beggs Sunday October 12, 2014 1:59 pm|
Understanding some basic economics is crucial to understanding the world we live in, which in turn enables us to be better consumers, producers, and voters. Ha-Joon Chang’s Economics: The User’s Guide offers much of what people need in order to achieve this understanding in a way that is noticeably different from what a traditional introductory textbook looks like.
|By: DSWright Monday September 29, 2014 3:00 pm|
As evidence showing more and more of America’s wealth is being snatched by the rich compounds, a survey shows Americans are still unable to grasp how truly rich those at the top are. The 400 wealthiest Americans now control $2.3 trillion worth of wealth while the American middle class not gotten a raise in 15 years according to the US Census.
|By: DSWright Wednesday September 17, 2014 1:27 pm|
Though the federal government and Federal Reserve moved heaven and earth to ensure the 1% were made whole after the financial crisis, those unable to buy influence in Washington remain frayed. According to the Census Bureau over 14% of Americans remain below the poverty line while financial markets have made a considerable recovery from 2008 lows. There has been a recovery, for some.
|By: DSWright Tuesday August 12, 2014 11:04 am|
It’s the fake recovery, stupid. Despite lavish talk of an economic “recovery”, consumer confidence has remained low. Unlike the 1% who are seeing their wealth climb higher on the back of juiced financial markets and tax cheating the average American is living outside the plutonomy in a more limited world. In that world the new jobs pay an average of 23% less than the ones lost during the recession caused by Wall Street. In that world people still live paycheck to paycheck with little possibility for a more prosperous future.
|By: Gary Cohn Wednesday August 6, 2014 3:51 pm|
One night last year, as the public debate about economic inequality began to sharpen, California State Senator Mark DeSaulnier (D-Concord) was walking to the Berkeley premiere of a documentary film focused on that very subject. Inequality for All, narrated by former U.S. Labor Secretary Robert Reich, had been executive-produced by the man DeSaulnier was walking with that evening, Stephen M. Silberstein. At the time, DeSaulnier was casting about for ways to attack economic inequality and during their walk Silberstein, a software entrepreneur and philanthropist, mentioned an idea he’d been working on to help tackle the problem.
Until the 1980s, corporate CEOs were paid 30 times the amount the average worker received, but today, according to some conservative estimates, they make about 330 times that.
|By: June Carbone Saturday July 26, 2014 1:59 pm|
My generation associates the regulation of domestic workers with Zoe Baird and “nannygate.” In 1993, newly elected President Bill Clinton submitted Baird’s name to the Senate as his choice for Attorney General. She would have been the first woman to hold the position. Instead, the nomination was withdrawn because she and her then-husband, Yale Law Professor Paul Gewirtz, had managed their high profile careers and family life by hiring an undocumented couple to help them and had not paid their social security taxes.
Are we any farther along today? Sheila Bapat’s book, Part of the Family? Nannies, Housekeepers, Caregivers and the Battle for Domestic Workers’ Rights, suggests that the answer may be yes and no.