Steven Mikulan: Labor’s losing streak means that unions are now locked in a spiral of existential battles for survival in which every election drains them of resources and morale.
Steven Hill: One of the qualities holding Greece back from enjoying the benefits of a more modern economy is its reliance on an informal economy of family and social networks which too often translates into nepotism, back room deals and tax dodging. But during an economic crisis like this, those networks become valuable
Robert Reich: The President says a Republican proposal to extend the Bush tax cuts to everyone for two years is a “basis for conversation.” I hope this doesn’t mean another Obama cave-in.
Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.
Carl Bloice: Like the knee bone and the thigh bone, the foreclosure crisis is closely related to the jobs crisis. Last week the Obama administration cautioned the public not to expect any dramatic improvement in the jobless rate, largely because thousands of formerly “discouraged” jobless workers sense the situation is improving and have started back looking for work. As a result, some economists have suggested, the jobless rate may well go beyond the 9.7 percent where it stands now.
Emily Spence: With the current peak-oil interval, we have a grace period when oil is still fairly inexpensive and abundant. At the same time, we cannot expect our government leaders to help society transition off of heavy oil dependence on account of their being controlled by “big business” interests. Therefore, it is up to average citizens to create the reforms that lead into localized economic and social development.