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Reaching The Wrongest Conclusion About Unions!

A letter-writer in my local paper today reaches the wrongest possible conclusion: Public, private workers live in different worlds The current issue of Time magazine includes a cover story on the increasing numbers of nearly bankrupt states and municipalities across...

What's China Doing?

As today's Progressive Breakfast points out, NYT news reports suggests move is for real, part of fundamental change in Chinese economy: "For years, Chinese leaders looked to the millions of poor workers from the country’s interior as the engine of a roaring export...

Deficit Deception Risks Depression

The deficit problem can be summed up very simply: the public thinks Obama's policies created a huge deficit. Never mind that it was Bush's deficit -- the public doesn't know that. This misunderstanding is leading Washington to take steps that will throw the economy...

Sorting Out China's Currency Move

Over the weekend China announced a change in its currency policy. But is it for real? Or is it designed to head off Congressional action? So far China has pulled away the football. Their Central Bank was buying up dollars as usual to keep the currency from rising....

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