Paulina Gonzalez: House by house, block by block, the residents of these South Central neighborhoods are being pushed out by landlords eager to capitalize on USC’s expansion.
Reimagining Capitalism: An End to Mythologies
July 7, 2011 By
John Peeler: The economy, like the polity, ought to be democratically controlled. Democracy should operate at the level of the firm as well as the community: employees should be owners.
A Few Words about Philanthropy
December 10, 2009 By
In 2005, more than one in every four adults reported doing some volunteer work. I don’t know exactly what definition was used. Chances are that coaching your kid’s soccer team counted.
The President’s Job’s Initiative Doesn’t Measure Up
December 8, 2009 By
No president in modern times walks a tightrope as exquisitely as this one. His balance is a thing of beauty. But when it comes to this economy right now — an economy fundamentally out of balance — we need a federal government that moves boldly and swiftly to counter-balance the huge recessionary forces still at large
Weekend Mysteries, Scandals, and Speculations
December 5, 2009 By
The nation’s unemployment rate is at 10.2 percent, a 26-year high. These people will be waiting to hear Obama explain how adding to the $10 billion monthly price tag for Iraq and Afghanistan will help them find work. African American men, 17.1 percent of whom are unemployed, want a word from Obama on this,” wrote Columnist Colbert King in the Washington Post last week.
Worrisome Thoughts on the Way to the Jobs Summit
December 3, 2009 By
But the reality that no one wants to talk about is a structural change in the economy that’s been going on for years but which the Great Recession has dramatically accelerated.
The Housing Crisis and Wall Street Shame
November 30, 2009 By
The $75 billion federal program designed to bribe banks to modify mortgages has been a bust. No one knows the exact number of mortgages that have been modified (that will be reported next month) but housing experts I’ve talked with say it’s a tiny fraction of the number of homeowners in trouble. Seems that the big banks can’t be bothered.
Retail Wars, Urban Sores: A New Jobs Project
November 24, 2009 By
If we can defend democracy overseas we can rebuild our decaying Main Streets. This could be a building stimulus project both political parties could respect if we see it as a restoration after a retail business war.
Goldman Sachs’ $500 Million Mea Culpa
November 23, 2009 By
This institution deserves the full force of anti-trust law deployed against it. Maybe in open court we’ll get a glimpse into the real workings of this unworthy amalgam of greed and arrogance.
Once Again on the President, the Congress, and the Jobless
November 21, 2009 By
As we note, the heightened attention to the crisis, and hopefully proposals for Congressional action, the alarming jobless figures will be repeated over and over. The employment situation is dire and from all indications it is going to get worse.
The Great Disconnect Between Stocks and Jobs
November 19, 2009 By
In the Great Recession of 2008-2009, companies are going a step further. They’re using this sharp downturn to cut payrolls even below where they were when times were good. Outsourcing abroad, setting up shop in China and elsewhere, contracting out, replacing people with software and automated machines – they’re doing whatever it takes to get payrolls down so earnings bounce up.
Obama, China, and Wishful Thinking About American Jobs
November 18, 2009 By
The dirty little secret on both sides of the Pacific is that both America and China are capable of producing far more than their own consumers are capable of buying. In the U.S., the root of the problem is a growing share of total income going to the richest Americans, leaving the middle class with relatively less purchasing power unless they go deep into debt.
Think First About the Unemployed, Not the Politicians … and Act
November 14, 2009 By
What’s happening to the lives of the legions out of work – particularly the young men and women – has to take second place to the fortune of the President and his party. The human crisis would be real regardless of who is in the Oval Office and is what should move the President and the Congress to do the right thing.
How Obama Can Convince Congress to Enact a Larger Stimulus, and Why He Must
November 4, 2009 By
The Administration’s biggest economic mistake so far was to badly underestimate last January how bad the employment situation would become by Fall. As a result, it low-balled the stimulus — settling for a plan that, while avoiding even worse job losses, didn’t go nearly far enough.
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