Randy Shaw: Lost amidst the Weiner mania was media analysis of the slowing economy, or the departure a few days later of Austan Goolsbee, President Obama’s top economic advisor.
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.
Labor Day became a federal holiday in the United States in 1894. At that time, conflict between labor unions and the railroads had reached such a fever pitch that there was danger of the American economy taking a big hit. President Grover Cleveland took action by calling in the U.S. Military and U.S. Marshals to […]
Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.