Steven Mikulan: Study after study has shown Walmart to be a cutthroat employer of last resort, most of whose business innovations seem to involve new ways to save the corporation money by slashing employee hours and benefits.
Robert Reich: The biggest election news this week won’t be who wins the presidential debate Wednesday night. It will be how many new jobs were created in September, announced Friday morning by the Bureau of Labor Statistics.
Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.
Steve Ybarra: The Big O is doing what he said he was going to do. Am I the only one that noticed that the last combat brigade in Iraq came home? We got health care, we got bank reform, and we got money to fix stuff. The only problem is that the Republicants want to keep it from being spent.
The Pentagon has covered the globe with 1,000 military bases for “defense” and is busy devising ingenious ways to attack the earth from space, develop germ warfare and threaten and control any and every other country with its 11 mobile nuclear navies.
In other words, ten percent unemployment really means twenty percent underemployment or anxious employment. All of which translates directly into late payments on mortgages, credit cards, auto and student loans, and loss of health insurance.
If we’ve learned anything from the Great Recession-Mini Depression of the last 18 months, it’s that the skewing of income and wealth to the top has made our economy far less stable.
Stan Greenberg has advised former President Clinton, former UK PM Tony Blair, Nelson Mandela, Israel’s Ehud Barak, and others. He is one of those political lions inspired during the Bobby Kennedy era to join politics and who provides a lot of wisdom for the taking if you are willing to listen. His new book Dispatches […]
by Robert Reich — Friday’s employment report, showing that employers cut 533,000 jobs in November, 320,000 in October, and 403,000 in September — for a total of over 1.2 million over the last three months — begs the question of whether the meltdown we’re experiencing should be called a Depression.