Romney vs. Disaster Assistance

romney disaster relief

*+-Dan Farber: In his last year as governor, Romney refused to provide state assistance when major floods hit western Massachusetts., even though the state government had ample funds.

Foreclosures 101 – Part 4

economy

*+-Kwazi Nkrumah: Overall, Americans are now carrying about $798.3 billion in revolving debt, a type of debt that is almost entirely made up of credit card balances,

Occupy and Organized Labor: Dare to Struggle, Dare to Win

minneapolis strike

*+-Mark Naison: If I dare to dream, I can see where this collaboration between Occupy and Labor might lead—to the unionization of Wal-Mart, to the unionization of McDonalds, to the unionization of financial services workers in the nation’s largest banks.

A Jubilee for Student Debt?

student loan debt

*+-Ellen Brown: Eliminating, reducing, or deferring student loan debt will free up the budgets of millions of students, allowing them to spend more on goods and services, increasing demand and creating jobs, and adding to tax revenues.

Michael Moore Speaks: Capitalism, A Love Story

*+-Ed Rampell: The good news is that Capitalism, A Love Story is another Michael Moore instant classic, and in his considerable, 20-year-long oeuvre – which spurred revitalization of the documentary as an art form, as well as an entertainment medium — is second in quality and power only to his 2004 masterpiece, Fahrenheit 9/11.

New York Times: “American Workers Are Overpaid”

Maze

*+-If recent resistance by IBEW and UNITE HERE members are any indication, the Times’ BreakingNews folks and corporate America have a long way to go before convincing workers that it is they, rather than their high-paid, amply-bonused bosses, whose compensation should be downsized.

Obama, China, and Wishful Thinking About American Jobs

China-budget

*+-The dirty little secret on both sides of the Pacific is that both America and China are capable of producing far more than their own consumers are capable of buying. In the U.S., the root of the problem is a growing share of total income going to the richest Americans, leaving the middle class with relatively less purchasing power unless they go deep into debt.

Are We Courting a Populist Backlash?

auto-wave

*+-by Robert Reich — The government is doing a lousy job helping distressed homeowners. And according to John Dugan, the Comptroller of the Currency, the little that’s been done has had surprisingly little effect. Nearly 36 percent of homeowners holding mortgages whose terms were adjusted to give them more leeway defaulted on payments within three […]