economy


Fewer Americans now than at any time in the past half century believe they're moving forward in life. more »

Source
Pew Research Center, "Inside the Middle Class: Bad Times Hit the Good Life." April 9, 2008

Robert Borosage's picture

Bringing the White Working Class Into the Progressive Majority

The heart of the Roosevelt coalition in the 1930s became the.heart of the conservative coalition that dominated our politics over the last 30 years. Progressives now have to make the case to these voters that government can work.

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Consumer views of economy at 14-yr low

reuters.com — American consumer confidence slipped in the latest week as views on the U.S. economy hit a 14-year low, a report showed on Tuesday.

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A poll released Monday by Rasmussen Reports found that 63% of Americans believe the U.S. government isn't doing enough to help out the economy, while 19% believe the government's response has been adequate this election year. more »

Source

Hunger Pains

washingtonpost.com — The economic downturn and rising prices are forcing many families to turn to charities for groceries, putting additional pressure on food banks that were already struggling to keep their shelves stocked.

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Alex Carter's picture

Economy Goes Down--Families Go Hungry

Nationwide, requests for food assistance in the past year are up 30 percent.

Source
Kirstin Downey. "Hunger Pains." 8 April 2008. The Washington Post.

The Big Brokers Blew It. They Should Bear the Cost.

washingtonpost.com — Once upon a time on Wall Street, in the days when investment banks were small private partnerships, a simple but ingenious idea kept bankers and traders accountable for their actions: the collective-liability clauses in their partnership agreements. A mistaken trade here or bad advice there, and all the partners suffered.

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A Brighter Spotlight, Yet The Pay Rises

nytimes.com — Shareholders were mad about excessive compensation last year, when the economy was booming. This year, governance experts say, they are livid. “They are furious about the dichotomy of experiences — their shares fall, yet C.E.O. pay still rises,” said Paul Hodgson, a senior research associate at the Corporate Library, a governance research group.

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King's Challenge: Racial Equality With Economic Justice

Martin-Luther-King.jpgForty years after the assassination of Dr. Martin Luther King Jr., our blog team and progressive allies are reminding the nation of the full extent of his vision. King sought to push the limits of the national debate on economic justice as well as race—and, now more than ever, so must we.
 

Commentary

• Terrance Heath: "Exhausting Race"
• Jeff Cohen: "King's Voice Still Silenced"
• E.J. Dionne: "Forty Years On"
• Isaiah J. Poole: "Still Far from the Mountaintop"
 

Video

• Rev. Jesse Jackson, Roger Wilkins and Taylor Branch: "Lessons of King and the Civil Rights Movement"

U.S.A. 2008: the Great Depression

independent.co.uk — Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting in October, 28 million people in the US will be using government food stamps to buy essential groceries, the highest level since the food assistance programme was introduced in the 1960s.

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