Randy Shaw: Passage of Costa-Hawkins did not cause California’s housing crisis but it unquestionably made it worse. Prop 10 restores cities’ power to utilize a valuable tool for increasing affordability.
Richard D. Wolff: While both parties readily describe themselves as capitalist or pro-capitalist, it is especially their oscillation in office that sustains capitalism.
Richard D. Wolff: There’s a problem with this resurgence of interest in socialism, however. People cannot agree on what the term actually means.
Mark Dempsey: More compact development is roughly half as expensive to maintain as sprawl, so sprawl costs local governments dollars they might need for other services, and just from a financial standpoint, sprawl degrades the public realm.
Jessica Goodheart: The City Council is considering a ‘right to counsel’ program that could help curb evictions and homelessness.
Frank Fear: Many families have faced (and will face) a knotty micro-reality: their children may not be able to provide their kids with the range of advantages they experienced in youth.
RJ Eskow: The Democratic Party’s fixation on “paying for” every new initiative may have been its greatest blunder of the last thirty years.
Michael T. Hertz: Relative to wages, the cost of housing, education, medical care, retirement, food, and clothing has skyrocketed. And fewer and fewer people have been able to enjoy the things that Roosevelt pointed to as minimum rights for all of us.
Ellen Brown: The president has criticized Federal Reserve policy for undermining his attempts to build the economy. To best make the central bank serve the needs of the economy, it needs to be transformed into a public utility.
Lawrence Wittner: In 1964, the top marginal tax rate was reduced to 70 percent, in 1982 to 50 percent, and, in 1988, to 28 percent.
Roger Lowenstein challenged the widely-held opinion that Lloyd Blankfein, outgoing CEO of Goldman Sachs, is a bad person who has done a great deal of harm to the economy. In this case, the wisdom of crowds got it right.
RJ Eskow: Geithner made some (presumably unwelcome) news last week when it was reported that Warburg Pincus, the financial firm he now helms, is in the words of one employee, “monetizing poor people.”
Larry Wines: We cannot afford to maintain public works infrastructure to have lead-free drinking water and pothole-free roads. But we can spend hundreds of millions to give tax cuts to the richest among us.