Robert Reich: When people ask me what Congress is likely to do I always say the same thing: The odds are in favor of nothing.
The Truth About Jobs That No One Wants to Tell You
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In other words, ten percent unemployment really means twenty percent underemployment or anxious employment. All of which translates directly into late payments on mortgages, credit cards, auto and student loans, and loss of health insurance.
Are We Courting a Populist Backlash?
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by Robert Reich – The government is doing a lousy job helping distressed homeowners. And according to John Dugan, the Comptroller of the Currency, the little that’s been done has had surprisingly little effect. Nearly 36 percent of homeowners holding mortgages whose terms were adjusted to give them more leeway defaulted on payments within three [...]
Shall We Call It a Depression Now?
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by Robert Reich – Friday’s employment report, showing that employers cut 533,000 jobs in November, 320,000 in October, and 403,000 in September — for a total of over 1.2 million over the last three months — begs the question of whether the meltdown we’re experiencing should be called a Depression.
Slavery, American Style, Must Go!
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Who says there are no slaves in America? The greatest domestic issue facing President-elect Obama is not the bailout of the bankers and insurers but the task of lifting tens of millions of hard-working American wage-slaves out of dire poverty. These are the folks who hold one – and sometimes two or even three – [...]
Prescription for an “Ailing” Industry: Take It Over
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by Carl Bloice – It is hemorrhaging fast and no end to the blood-letting seems to be in sight. No question, something has to be done about the auto industry. But what?
Gunfire Down Below
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Gang Violence in Highland Park When my husband Dick and I moved into our hilltop home in the Mount Washington community of Los Angeles, we were thrilled. Looking north across Highland Park, Glendale, Eagle Rock, and Pasadena, it has a spectacular view to the San Gabriel Mountains beyond. It took a week or so to [...]
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