Obamacare’s “Secret Trick” Could Cure CEO Pay Excesses

In one of its lesser-known provisions, the Affordable Care Act limited tax breaks health insurers could claim for executive compensation. While that may sound arcane, the implications could be profound and far-reaching.
Richard Eskow
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A Stock-Market Milestone is Reached, But Who Cares?

Monday morning the S&P 500 composite index briefly passed the 2,000 mark. But out beyond Washington and Wall Street and the Hamptons, out in the world where most Americans live, things aren’t quite as rosy.
Richard Eskow
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Robots Are People, Too

Is it true that the future "doesn't include jobs for humans"? We should be asking a different question: Will the next automation transformation be managed wisely and fairly for everyone, or just for the benefit of an elite?
Richard Eskow
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JPMorgan Chase’s $13 Billion Shadow

There is one conclusion to be drawn from the settlement’s otherwise vague “statement”: bankers at JPMorgan Chase engaged in widespread fraud, and in all likelihood they will never pay for their crimes.
Richard Eskow
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Happy Birthday, Social Security – But Stay Away From That Cake!

August 14 is Social Security’s birthday, which raises the question: what do you give the program that has everything? After all, Social Security enjoys massive public support. It’s the most efficient program of its kind in the country.
Richard Eskow
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How Big Is a $16 Billion Bank Fraud Settlement, Really?

The numbers that accompany these deal announcements always seem impressive. Compared to the wealth that bank fraud has taken from American households, these settlements are a drop in the ocean.
Richard Eskow
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Tom Friedman, Globalization’s Man in Madagascar

Thomas Friedman recently filed an editorial from, and about, Madagascar. In a new piece for Salon, we point out the flaws in his thinking – flaws that mirror his shortsighted […]
Richard Eskow
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Keith Ellison and the Worker-Led Wage Wave [Video]

The real story about income inequality is what progressive activists are doing about it, says the co-chair of the Congressional Progressive Caucus. The latest wave of action will confront "wage theft."
Richard Eskow
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Chiding CEOs at Walgreens and Other Corporate Defectors

How does it feel to be the CEO of a “defector corporation”? Do such executives face the opprobrium of society as they enjoy the fruits of this land that has given them so much? So far, apparently not. But that may be changing.
Richard Eskow
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Snakes and Ladders at Netroots Nation

Activists huddled over coffee to plot new ways of defeating metaphorical “snakes” while other attendees networked over drinks as they sought to climb career ladders.
Richard Eskow
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Disabled Americans: Pawns in a Larger Social Security Game?

Republicans are raising alarms about Social Security’s disability trust fund. But a staff member for one senator admits seeking to use the issue "to catalyze a broader discussion" about cutting Social Security benefits.
Richard Eskow
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The President Sounds a Wall Street Warning. And Then … ?

It was good to hear President Obama say that reining in Wall Street’s high-risk behavior is an “unfinished piece of business.” It would be even better if this observation were quickly followed by action.
Richard Eskow
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Revolutionary Independence

Why is July 4 our Independence Day? Because independence begins with an insight, a realization so powerful that it allows us to achieve the seemingly impossible – like defeating an empire.
Richard Eskow
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The GDP Fiasco: It’s Been One Snafu After Another

This was the worst quarter for the GDP since the peak of the Great Recession. The American people might be forgiven for doubting the experts and leaders who should be counted on to make responsible decisions.
Richard Eskow
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The Real Piketty Scandal (Is Right-Wing Deception)

The Right wasted no time seizing the opportunity the Financial Times gave them to discredit Thomas Piketty's book on wealth inequality, but felt no responsibility to amend their words when new information came to light.
Richard Eskow
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The Pillow Book of Tim Geithner

"The Pillow Book of Sei Shōnagon" is considered an invaluable record of a pampered and long-vanished Japanese imperial court. Someday we may look at former Treasury Secretary Tim Geithner's memoir "Stress Test" the same way.
Richard Eskow
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Did Washington Rescue the Wrong Economy?

Two economists make a convincing case that the 2009 recession wouldn't have been any more harmful than previous ones if financial decision-makers had rescued homeowners, rather than only concentrating on bankers.
Richard Eskow
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What Does Hillary Believe? Populists Want to Know.

The Democratic Party risks being sidelined from the debate being sparked by the New Populist uprising, paralyzed by the Sphinx-like silence of its presumptive 2016 nominee – and her husband's rhetorical war on populism.
What Does Hillary Believe? Populists Want to Know.
Richard Eskow
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