Robert Reich: January’s increase in hiring is good news, but it masks a bigger and more disturbing story – the continuing downward mobility of the American middle class.
Robo-Signing Is Just the Tip of the Iceberg
February 5, 2012 By
Ellen Brown: The evidence to date suggests that “robo-signing” was not a mere technical default or sloppy business practice but was part and parcel of a much larger fraud, the fraud that brought down the whole economy in 2008.
Why Jobs Still Matter More Than Budget Deficits
February 4, 2012 By
Robert Reich: Government should extend unemployment benefits, and not cut spending until the nation’s rate of unemployment is down to 5 percent. Then, and only then, should we move toward budget austerity.
The Republican Myth of Obama’s “Entitlement Society”
February 2, 2012 By
Robert Reich: Regressive Republicans pretend they’re about opportunity. In reality they’re back at what they’ve been doing for years — promoting Social Darwinism.
California AG Kamala Harris Standing Firm Against Foreclosure Settlement
February 1, 2012 By
Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.
What’s the Economy for Anyway?
January 31, 2012 By
Robert Reich: The biggest problem is that corporate money is undermining democratic institutions in the name of better deals for consumers and investors.
Ex-Marine Fights Freddie Mac to Save His Home
January 31, 2012 By
Peter Dreier: recent report sponsored by bank reform groups reveals that if banks lowered the principal balance on all underwater mortgages to their current market value, it would pump over $70 billion per year back into the economy.
When Republican Politicians Hate Jobs
January 30, 2012 By
Steve Hochstadt: The truth, however, is not important to Romney. He and other Republican politicians have been doing everything in their power to destroy unions. Saving union jobs is worse than saving no jobs.
Obama’s Free Trade Agreement: Backdoor Deal with Corporate America?
January 30, 2012 By
Timothy Robertson and Matt Kavanagh: The Obama administration’s U.S. Trade Representative is gathering secretly in Los Angeles with negotiators from around the world for a session that could create a whole new set of international trade rules: rules that favor the wealthy 1% of corporate interests.
Is Capitalism on Trial?
January 29, 2012 By
Peter Dreier: The high unemployment rate among today’s youth, and the enormous increase in debt owed by college students and recent graduates, has something to do with their growing doubts about capitalism. So does their uncertainty about their own future and the country’s future.
Will Obama Administration Now Go After Massive Mortgage Banking Frauds?
January 26, 2012 By
Ellen Brown: In his State of the Union, President Obama announced that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending.
A Government Overwhelmed by Corporate Money
January 23, 2012 By
Robert Reich: American business won’t and can’t lead the way to more and better jobs in the United States. First, the private sector is increasingly global, with less and less stake in America. Second, it’s driven by the necessity of creating profits, not better jobs.
Apple’s Labor Pool: Job Market or Slave Auction?
January 23, 2012 By
Steven Mikulan: Everything about Apple (from the mocking irony of Jobs’ name to the outsourcing of its employees’ livelihoods to factories in a totalitarian police state) epitomizes big business’s attitude of contempt – not only for American workers but for America itself.
Keynes and Hayek, Obama and the Republicans
January 22, 2012 By
Walter Moss: From the Reagan years to the present, conservatives have been fond of quoting Friedman and Hayek. Their influence can be seen in such documents as the Republican Party’s 1994 “Contract with America.”
The Foreclosure Crisis: Urgent as Ever and Could Get Worse
January 19, 2012 By
Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.
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