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