Gary Cohn: The reasons for Los Angeles’ comparatively good financial condition include a legal groundwork laid years ago that required specific funding safeguards, recent give-backs from public sector unions and an improving economy.
Joseph Palermo: With the stroke of a pen Michigan Governor Rick Snyder reduced the earning potential of millions of people, lowered the quality of the state’s schools and government services, and set up the next fiscal crisis when, lo and behold, they discover that low-wage workers have little means to pay taxes adequate to meet the basic needs of the state.
Caitlin Vega: A new study by the Center for American Progress confirms the cornerstone of our philosophy: unions are essential to creating a fair economy and rebuilding the middle class.
Brent Budowsky: Obama’s political strategy is to position himself as the lofty leader above the fray, appealing to voters who tell pollsters that “we must work together” without risking his elevated image of possessing the hands-on executive leadership that is required to make hard decisions on tough issues in a divided government.
Joseph Palermo: We elected a Democratic governor and Democratic majorities in the State Assembly and the Senate. Yet five members of the Republican minority once again are in the driver’s seat and they’re determined to run the state right over the cliff.
Michael Honey: In light of the clash of wills in Wisconsin, we should remember the teachings of Dr. Martin Luther King, Jr. One of King’s slogans that we rarely hear is this one: “all labor has dignity.”
Steve Hochstadt: When the real estate boom turned out to be a house of cards, people’s debts came due much sooner than they had expected. Governments are much less to blame for the current foreclosure crisis than homebuyers, egged on by unscrupulous bankers.
Articles by Patrick Henningsen, Tom Hall, David Swanson, Randy Shaw, Irene Monroe, Paul Hogarth, Norman Solomon, Tracy Emblem, Andrea Nill, Michele Waslin, Michael Sigman, Linda Milazzo, Sharon Kyle, Walter Moss, Mike Price, K. Danielle Edwards, Brad Parker, Michele Waslin, David Love, Tina Dupuy, Michael Sigman, Joseph Palermo, Robert Reich, Carl Bloice, Anthony Asadullah Samad, Diane Lefer, and Adam Eran
Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.
Joseph Palermo: Schwarzenegger’s hackneyed “State of the State” address was pathetic and unconvincing. If it weren’t for his acting chops and his ability to emote on cue, he couldn’t get away with the simplistic platitudes that roll off his tongue. Then again, if he couldn’t act he wouldn’t be governor either.
In a shocking display of yellow journalism that would make William Randolph Hearst blush, the San Francisco Chronicle and Los Angeles Times both slapped on their front pages last Thursday a complete non-story in California tax law.