Household Income: Slip Slidin’ Away

sylvia allegretto

Sylvia Allegretto: In recent expansions post-recession income gains have taken longer to materialize and given the enormity of the Great Recession it may be years before we see any improvement.

The Biggest Economic Challenge of Obama’s Second Term

child chasing obama

Robert Reich: Middle-class consumers won’t and can’t spend because their savings are depleted, their homes are worth a fraction of what they were five years ago, their wages are dropping, and they’re worried about keeping their jobs.

Tea Growers of Phu Tho

tea growers

Jim Rhodes: We departed with the hope that we could, in some small manner, assist these hard-working tea farmers and at the same time offer Westerners a most unusual product.

Trickle Down Economics a Pyramid Scheme

trickle down economics

Tina Dupuy: We’re fatter, sicker, further in debt and using the most illegal drugs in the world—all signs Americans have become overspent from bad economic policies.

Enlightened Economics: There Is an Alternative

money lesson

Mark Dempsey: One Modern Monetary Theory economist suggests sending each American household $50,000 to pay down debts, which would not only be cheaper than the $16-$29 trillion Wall Street bailout, it would bail out Main Street instead of the banks.

The Future of Local Government

Steve Hochstadt: When Romney and the Republicans talk about cutting back on government, they mean much larger cuts in local government spending than what has happened so far.

Walmart Dodges African “Blood Minerals” Rule

blood diamonds

t must have seemed like a good idea at the time, when Senators Chris Dodd and Barney Frank drew up the landmark regulatory bill that bears their names. One of its lesser-known provisions required U.S. companies to list the inclusion of any “conflict minerals,” mined in or near the violence-plagued Democratic Republic of the Congo, […]

Mitt’s 13% Tax

mitt romney greed

Robert Reich: omney admits to an income of over $20 million a year for the last several decades. Which makes his 13 percent — or even 20 percent — violate the principle of equal sacrifice that lies at the core of our notion of tax fairness.