The Great Decoupling of Corporate Profits from Jobs

Robert Reich: Higher corporate profits no longer lead to higher employment. We’re witnessing a great decoupling of company profits from jobs.

Finally, Too Many Cars

traffic

Rushing to beat a deadline, General Motors and Chrysler last Tuesday afternoon filed required restructuring plans with federal officials. Chrysler wants $5 billion more in federal loans to stay afloat. GM needs another $9.1 billion now, with more requests likely down the road. The short-term question of whether the two auto giants warrant a bailout […]

Bail Out the Big Three and Revitalize the Economy

1947_cadillac_series_62_convertible

by John Paul Rossi – The other week, the appeal of the Big Three’’s executives for a $25 billion taxpayer bailout for their desperately ailing firms failed. Neither the fractious lame duck Congress, nor the Bush administration were willing to help.

Why the Automakers Won’t Make Fuel-Efficient Cars, Even as the Price of Being Bailed Out

detroit

by Robert Reich – Telling automakers to make more fuel-efficient cars as a condition of being bailed out is like telling Citigroup or any other big bank to issue more affordable loans to Main Street as a condition of being bailed out. It won’t happen.

Testaments: Gerald Ford

This week, John Peeler will present “Testaments,” a series of poems that take the form of valedictory statements by each of the postwar presidents, in the poetic manner of Edgar Lee Masters’ Spoon River Anthology. Gerald Ford Spiro’s disgrace was my new place. I never dreamed that I would hold that chair made void by […]

Visit us on Google+