Archive
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.
Young And Low-Skilled Workers Aren't Being Hurt By Minimum Wage Hike
Two University of Delaware economists looked at the 13 states that have raised their minimum wage and actually found that the job prospects of low-skilled workers in those states improved slightly.
June Trade Deficit: Still Enormous, Humongous – And Unsustainable
As Yogi Berra says, "If something is unsustainable, it can't be sustained." At some point consumers will no longer be able to consume. But that will not occur in this quarter, which is what matters to Wall Street.
The Class War Goes Retail
Why does Wall Street tank on news portending economic gains for most Americans? Don’t people with extra money boost the economy when they spend more freely? Isn’t it something worth celebrating? Not in an economy that caters to the rich.
Progressive Breakfast
Obama Says He Will Address Inversions Obama pledges to act on inversions. Politico: "'“We don’t want companies that up until now were playing by the rules looking over their shoulder at some competitor gaming the system. … We want to move quickly — as quickly as...
Should Populists Declare Victory?
Pundits suggest populism is capturing the Democratic Party and that populists should declare victory, invite all into their tent, and stop challenging wayward New Democrats and centrists who admit their errors.
The "Perfect Storm" Behind Toledo's Toxic Tap Water
The crisis that made the water in Toledo, Ohio, unsafe to drink this past weekend is over, for now, but the “perfect storm” that created it rages on: pollution, conservatism, corporate lobbying and climate change.
More Pushback On Multiple Fronts Against TPP and Fast-Track
A Republican Senate candidate comes out against the Trans-Pacific Partnership. Two open letters from members of Congress question it. A former WTO director-general warns about it. And there are actions you can take.
Another Immigration Victory In a GOP Primary That No One Told You About
The story of the 2014 Republican primaries is the failure of the Tea Party to punish Republicans who show openness to immigration reform. Unfortunately, it's a story that hasn't been told.
Progressive Breakfast
Walgreen To Stay, More Inversions To Come Walgreen responds to pressure, won't leave US to dodge taxes. WSJ: "Walgreen Co. has decided not to relocate its corporate headquarters, people familiar with the matter said, amid complications in pulling off the transaction...
