Tina Dupuy: Because these giant corporations are getting a free pass by the very premise they create jobs, they’re in essence piling their tax burden onto their workers.
What’s Wrong with Jamie Dimon Is What’s Wrong with America
By
RJ Eskow: Dimon isn’t the cause of our economic problems. He’s merely a symptom. He’s no more responsible for the wreckage he leaves behind than a surfer is responsible for the undertow of the wave he’s riding. Dimon may lack moral sensitivity, but then, that’s the character that got him where he is today.
As Cities Prosper, Poor People Relocate to Suburbs
By
Randy Shaw: Now that cities offer walkable, bicycle-friendly, public transit-available neighborhoods with desirable restaurants and a high quality of life, the poor are being shunted to car-dependent suburban areas in economic decline.
Global Capital and the Nation State
By
Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.
$51 Billion in Student Loan Profits
By
Julie Driscoll: Students and their parents’ only hope is Elizabeth Warren and Sherrod Brown, two Democratic Senators who have the cojones to take on big banks, Wall Street, and the powers that be.
Protesting Walmart: The New Freedom Riders
By
Berry Craig: Called the “Ride for Respect,” the demonstration at Walmart corporate headquarters in Bentonville, Arkansas, will be modeled on civil rights volunteers who rode buses into the South in the 1960s to protest Jim Crow racial injustice.
Pope Francis Condemns the Cult of Greed, Ted Cruz and Paul Ryan Support It
By
Brent Budowsky: Ryan famously tried to employ Catholic theology on behalf of his budget austerity against the poor, and was quickly forced to retreat as the absurdity of this view became obvious.
Simpson-Bowles Austerity Gang: Go Home
By
Richard Eskow: Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense.
Pushing Budget Reform State by State
By
Randy Shaw: While progressives debate whether President Obama could have used his “bully pulpit” to overcome GOP opposition to reviving the nation’s economy, let’s accept that in 2013-14 activists can more effectively address economic justice measures at the state level.
Will JPMorgan Chase Bankers Finally Pay the Piper?
By
RJ Eskow: Will Kamala Harris hang tough in her new lawsuit against JPMorgan Chase, the first to target individual bankers accused of defrauding the public? If so, it would be the first time in five years that executives at a major bank have personally paid a price for their misdeeds.
Turning Mirage Recovery into Real Recovery
By
ecently, news reporters have been sounding almost giddy, saying that unemployment is dropping, housing prices are rising and the stock market is growing to new highs. But, these reports do not ring true with what people see around them. When you look beyond the sunny headlines, the sad reality is mirage recovery. The economy is limping [...]
The Hollowing Out of Government
By
Robert Reich: When Republicans can’t directly repeal laws they don’t like, they repeal them indirectly by hollowing them out — denying funds to fully implement them, and reducing funds to enforce them.
Sequestration: Budget Balancing on the Backs of the Majority
By
Jamala Rogers: The Congressional Budget Office estimates sequestration will cost around 750,000 jobs in total. Economic experts project a huge, negative impact on the economy. Once again, Congress proves that it knows nothing about job creation or economic development.
Repeal Sequester, Repeal Insanity, Spend More Money
By
Richard Eskow: So, yes, repeal the sequester. Repeal deficit babble, from the President or anyone else. Repeal the Visigoth Party’s right to ruin the economy. And repeal Tom Friedman too, just on general principle.
Bail-Out Is Out, Bail-In Is In: Another Argument for Publicly Owned Banks
By
Ellen Brown: A crisis in a major nation such as Spain or Italy could lead to a chain of defaults beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.
Markets, Prices and Justice
By
Claude Fischer: Today, Americans are the least likely, among the citizens of affluent nations, to support price controls or generally any interference in the market.
Our Dysfunctional Economics and Politics: Reflections on Joseph Stiglitz’s The Price of Inequality
By
Walter Moss: Nobel-Prize-winning economist Joseph Stiglitz’s The Price of Inequality: How Today’s Divided Society Endangers Our Future (2012) demonstrates how and why our present economy and government are a mess and how they have increased inequality, including widening the opportunity gap.
Why This Is the Worst Recovery on Record
By
Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.
Opposition Grows Fierce to Austerity Cuts
By
Mark Vorpahl: This latest budget crisis poses the question of “who do Portland’s elected leaders serve, the city’s majority of working class communities or big business and the wealthy?” So far, while the 99% have been suffering with all the belt tightening, Portland’s 1% have been left to grow fat.
The Upside of Taxes
By
RJ Eskow: Today’s new corporate-sponsored cost-cutting craze is merely the latest policy designed to enrich a powerful few at the expense of the many, and today’s anti-tax agenda is being used to make sure it succeeds.
Double Whammy: Grim Jobs Picture, Horrible “Grand Bargain”
By
Carl Bloice: The Congressional Progressive Caucus budget that is far more sensible and humane than anything the White House is proposing. But since the “serious” people in Washington don’t cotton to it, the serious mainstream media won’t give it the time of day.
Winner Takes All: The Super-Priority Status of Derivatives
By
Ellen Brown: “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.
Memo to President Obama: Expand Social Security, Don’t Cut It
By
Steven Hill: The White House says its 2014 budget will propose cuts to the retirement program. Not only is that unnecessary, the U.S. could and should expand it.
It’s the Jobs, Stupid
By
Brent Budowsky: Obama needs to contemplate the possibility that his legacy will be “the jobless president.” He should fight to become “the jobs president.”
It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
By
Ellen Brown: When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.
Mad About Money
By
Peter Laarman: The very wealthiest Americans, whose share of income and wealth has shot up astronomically for the past 25 years, have somehow gotten a huge number of other Americans to buy into the idea that there isn’t enough money. And that therefore we should cut lifeline benefits that go to poor children and sick people and old people and veterans.
A Modest Proposal for Francis I: WWJD to Paul Ryan?
By
Rich Broderick: Pope Francis should ask himself, what would Jesus say and do — what would the new Pope say and do if he were to act upon Church teachings — in response to Paul Ryan’s mendaciously entitled “Pathway to Prosperity” budget proposal?
A Safe and a Shotgun or Publicly-Owned Banks? The Battle of Cyprus
By
Ellen Brown: The push to confiscate the savings of hard-working Cypriot citizens is a shot across the bow for every working person in the world, a wake-up call to the perils of a system in which tiny cadres of elites call the shots and the rest of us pay the price.
Would Republican Cordray Filibuster Propel Elizabeth Warren?
By
Brent Budowsky: Senate Republicans are on the brink of launching a filibuster against the nomination of Richard Cordray to lead the new consumer agency that will could propel Sen. Elizabeth Warren to a national stature from the Senate reminiscent of Robert F. Kennedy.
Obama’s Still Shopping for a Grand Bargain
By
Shamus Cooke: At the end of the day a so-called progressive Democrat is still a Democrat, and the Democratic Party has re-made its image to reflect the interests of its new big donors from Wall Street, who now feel as comfortable buying Democrats as they do purchasing a Republican politician.
PCL offers monthly Open House Events on the 2nd Saturday at 2pm and 3rd Thursday at 6pm. Click here to learn more.
Recent Comments