The Tinder-Box Society

poverty

Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.

The U.S. Economy in 2011

Jobs in the New Year

Robert Reich: The two American economies — the Big Money economy and the Average Working Family economy — will continue to diverge. Corporate profits will continue to rise, as will the stock market. But typical wages will go nowhere, joblessness will remain high, the ranks of the long-term unemployed will continue to rise, the housing recovery will remain stalled, and consumer confidence will sag.

America’s Two Economies: Why One Is Recovering and the Other Isn’t

Robert Reich: Inhabitants of the Big Money economy are celebrating Republican wins last week. They figure financial regulations will be rolled back, environmental regulations will be canned, the Bush tax cut will be extended to the top 1 percent, and it will be harder for workers to form unions.

President John McCain’s First 18 Months in Office

ted vaill

Ted Vaill: President McCain has urged that the United Nations move its headquarters out of the U.S., and he has proposed that the U.S. leave the UN, which he calls “useless and corrupt”. He also has refused to meet with most foreign leaders in the White House, or to travel abroad, except for heavily guarded and secret trips to Iraq and Afghanistan.

This Week in the LA Progressive: 2 May to 8 May 2010

With articles by Robert Reich, Joseph Palermo, Charley James, Randy Shaw, Nomiki Konst, Rev. Irene Monroe, Mario Solis-Marich, Anthony Asadullah Samad, Georgianne Nienaber, Andrea Nill, Tracy Emblem, Wayne Williams, Cathy Cockrell, Tina Dupuy, Ron Wolff, Tom Degan, Shamus Cooke, Michael Sigman, David A. Love, Sharon Kyle, Bob Letcher, Robert Illes, and Ivan Eland

The (Almost) Crash of Wall Street

wall street crash

Robert Reich: Ninety minutes before the end of the trading day today, the U.S. stock market almost melted down The Dow Jones Industrial Average dropped nearly 1,000 points. The market regained ground before the end, like a giant 747 narrowly averting a crash landing, but the questions of the day are: What happened? And what does it mean?