Wal-Mart Scrooges Us All

Once again, the Waltons — the exploitative multibillionaire heirs to the Wal-Mart fortune — get the goldmine, while workers and taxpayers are stuck with the shaft. It's shameful. But shameful is one of Walmart's core values.
Jim Hightower
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Retailers, Bankers and Democrats Agree

Both Wall Street and Main Street want action. They want incomes, consumer confidence and purchases all to rise, triggering business profits to do the same. They’ve recognized the enemy to their bottom lines.
Leo Gerard
  • 11

The Damage From A High US Trade Deficit

Some economists blame upward redistribution of income, which reduces overall demand, for excessive unemployment. However, upward redistribution is only part of the explanation. The trade deficit is a much bigger part of the picture.
Dean Baker
  • 11

Budget Cuts Don’t Save Money

Yes, taking money out of the economy actually takes money out of the economy. Yes, cutting the budget for fixing roads and bridges actually means they start to fall apart. Yes, cutting the health budget has an impact on our health.

The Nouveau Sodbusters

We know from the childhood song that Old MacDonald had a farm. But e-i-e-i-o — look who’s got his farm now. It’s outfits like American Farmland, Farmland Partners, and BlackRock. These aren’t dirt farmers wearing overalls and muddy boots.
Jim Hightower
  • 6

Eric Holder: The Reason Robert Rubin Isn’t Behind Bars

Undoubtedly there are positives to Eric Holder’s tenure as attorney general, but one really big minus is his decision not to prosecute any of the Wall Street crew whose actions helped to prop up the housing bubble.
Dean Baker
  • 25

Why the Economy is Still Failing Most Americans

Economic expansions used to improve the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery the benefits of economic growth during expansions have gone mostly to the top 10 percent.

Bill Clinton’s Corporate Fantasy

Bill Clinton argues that corporate CEOs will soon care more about employees and society than profits. But today's CEO's are cashing out their own companies' futures to line their pockets. Sweet dreams won't change that.
Robert Borosage
  • 47

Why Now Is The Time To Tackle Poverty

Every couple of generations, the stars align to create the potential for monumental, transformative social change. It turns out we're in just such a moment when it comes to tackling poverty in the United States.
Alan Jenkins
  • 35

Let’s Replace Hawk Squawks On The Fed With Voices Of The People

Two "inflation hawks" on the Federal Reserve's open market committee, Charles Plosser and Richard Fisher, will step down from the board in early 2015. That's a chance for working people to have their own representatives.
Isaiah J. Poole
  • 20

“Put A Ring On It” Is Not An Anti-Poverty Program

Conservatives say marriage is the “ultimate anti-poverty program,” and claim that most of our economic woes would vanish if more people got hitched. A new study suggests "putting a ring on it" barely makes a dent in poverty.
Terrance Heath
  • 31

The Fed Finds an America Deeply Divided

The "average" U.S. family is doing just fine, says the Federal Reserve's latest portrait of household wealth. But typical Americans, other numbers in the report make clear, are struggling something awful. What's up here?

Beyond Ferguson: Sanders To Propose Youth Jobs Bill

At Michael Brown’s funeral, Rev. Al Sharpton lamented that America has “money to give military equipment to police forces,” but not to train and employ young people. Sen. Bernie Sanders is making good on a promise to remedy that.
Terrance Heath
  • 31

Fast Food Strikes Are Back, Bigger Than Ever

Today, workers in 150 cities will take to the streets to demand livable wages for themselves and their families, the right to organize, and a better economy for all of us.
Terrance Heath
  • 28

Labor Day Victories to Celebrate

In recent decades the news for the country’s workers and the labor movement has been mostly bad. It would be easy to go on about how bad things are, but it is worth highlighting a couple of good news items against this backdrop.
Dean Baker
  • 6

Wages Dropped for Almost All American Workers in First Half of 2014

Think your money's not going very far this year? It's not your imagination. According to new research, real hourly wages declined for almost everybody in the U.S. workforce in the first half of 2014. Thanks, so-called recovery.
Lynne Stuart Parramore
  • 56

Looks Like Burger King’s Subjects Are Royally Pissed Off

Tolstoy wrote that "kings are the slaves of history." Unfortunately for Burger King, which intends to renounce its American status for tax purposes, neither history nor public opinion is on its side.
Richard Eskow
  • 44

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
  • 21

Public Pressure Can Influence The Federal Reserve

The structure of the Federal Reserve ensures that the banking industry's concerns get a full hearing at Fed meetings, while those of workers may not. But that doesn't mean protests against Fed policies are futile.
Dean Baker
  • 9

Solar Power Gets Hot, Hot, Hot

With so many homeowners and businesses making greener energy choices, private utilities see the writing on the wall. They're trying to coax lawmakers into rigging the rules against increasingly competitive new energy alternatives.
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