Larry Wines: Now that Brexit has happened, it’s definitely scaring the hell out of the banksters on both sides of the Atlantic. By Tuesday, we’ll know to what extent that applies to Japan and China, as well.
Richard Eskow: As members of the House Financial Services Committee, the “Hedge Fund 13″ all voted for a Wall Street-backed bill with an Orwellian name: the “Investment Advisers Modernization Act.”
Judith Lewis Mernit: The Congressional Budget Office estimates that taxing carried interest at ordinary rates would net $18 billion over 10 years.
Randy Shaw: Reagan’s drastic housing cuts in 1981 turned a worsening urban affordability crisis into the nation’s worst mass homelessness since the Great Depression.
Richard Eskow: It’s true that he’s popular among media and political elites, but that sad fact only serves to remind us that some memories are short – and that, for some people, the ties of social status outweigh those of morality and decency.
Paul Haeder: He’s mayor for a day, and get this, he is in a union, and daily, he struggles working next to racist, retrograde union members thumping or humping or stumping for Trump.
Julie Gutman Dickison: While the economic fortunes of impoverished, working-class and middle-class Americans may not be front and center in the daily media coverage of the presidential race, widespread economic distress is without question the dominant force animating the 2016 election cycle.
Steve Hochstadt: Researchers on the economics of happiness have recently concluded that more money leads to more happiness only up to an income of about $75,000 per year. After that, increases in income seem to make little difference in daily happiness.
Planned Obsolescence ix years ago we paid about $700 for a new KitchenAid dishwasher. Since then, we’ve spent considerably more than that getting it repaired. Each repairman (and they’ve all been men) who came to our house told us the same thing: most of today’s appliances are junk. Both the workmanship and the parts are […]
RJ Eskow: The Democratic president, virtually all of his party’s senators, and both its presidential candidates now say they want to expand benefits. An idea that was widely dismissed when it was proposed by Bernie Sanders is now the Democratic position.
Walter Brasch: The homeless live beneath bridges, in subway tunnels, on the streets, or if the shelters aren’t filled, in protected areas with cots for beds, and grocery carts for what few possessions they have.
Joseph Palermo: The deeper pattern here points to the unchecked and malevolent corporate forces that have used their political power to get away with destroying labor unions, chopping up the social safety net, bilking consumers on health care, education, housing, and other essentials, and destroying the environment.
Bill Raden: Top executive pay has ballooned by 997% over the past 36 years. Since 2010, the average pay ratio of CEOs to median worker pay has ranged between 354-to-1 to 204-to-1, with Discovery Communications CEO David M. Zaslav topping the charts with a pay ratio of 1,951-to-1. Exorbitant CEO Salaries