Peter Dreier: King was a radical. He challenged America’s class system and its racial caste system. He was a strong ally of the nation’s labor union movement.
n a landmark infrastructure bill passed in December, Congress finally penetrated the Fed’s “independence” by tapping its reserves and bank dividends for infrastructure funding. The bill was a start. But some experts, including Congressional candidate Tim Canova, say Congress should go further and authorize funds to be issued for infrastructure directly. For at least a […]
Robert Reich: I’d feel more optimistic if I thought government was ready to spring into action to stimulate demand, but the opposite is true.
Robert Reich: The result of this vicious cycle is a disenfranchisement of most Americans, and a giant upward distribution of income from the middle class and poor to the wealthy and powerful.
Richard Wolff: Exalting markets as if they were some perfect social optimum should be rejected as the self-serving tool of societies’ richest operated at the expense of everyone else.
Lawrence Wittner: In the 1970s, America’s wealthiest 0.1 percent—the richest one-thousandth of the population—owned 7 percent of U.S. household wealth. Today, that figure has risen to 20 percent.
Ellen Brown: Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself.
Robert Reich: Rather than lower corporate tax rates, an easier fix would be to take away the benefits of corporate citizenship from any company that deserts America.
Diane Lefer: Welcome to a world of two-headed wolves where people go to war over trash and thousands of the desperate move into an unfinished skyscraper tower built on a base of compacted garbage.
Randy Shaw: There is a near consensus that new construction must be coupled with stringent tenant protections and more subsidized housing to forestall gentrification. Krugman misses this latter point.
Peter Dreier: Despite overwhelming support, some City Council members are still on the fence, feeling pressure from the Chamber of Commerce.
Robert Reich: It’s estimated that in five years over 40 percent of the American labor force will be in such uncertain work; in a decade, most of us.
Peter Dreier: Pasadena Minimum Wage Law — Pasadena residents working at low-wage jobs in Los Angeles will get a pay increase of $23 million.