by Richard Eskow | Jul 25, 2013 | Federal Reserve Chair, Financial Reform
Whoever said, “What you don’t know can’t hurt you” doesn’t know much about economics. That goes double for the nomination of Lawrence Summers to head the Federal Reserve. For all the ink that's been spilled on the topic, there’s at least one surprise ending people...
by Richard Eskow | Jul 24, 2013 | Uncategorized
If Thomas Friedman didn’t exist, America’s high-tech entrepreneurs would have had to invent him. Come to think of it, maybe they did. The dark science-fiction vision he celebrates serves them well, at pretty much everyone else’s expense. Friedman's vision is worth...
by Richard Eskow | Jul 22, 2013 | Financial Reform
Here's an economic free-association test. Read the following sentence: The federal government should bail out Detroit city worker's pensions so that retirees can be paid in full. Some people will approve of the idea. But others will be shocked or angry. They'll...
by Richard Eskow | Jul 19, 2013 | Minimum Wage
Marie Antoinette, meet Ronald McDonald. A lot of people are angry about McDonald's new financial advice website for employees, an ill-conceived project which drips with "let them eat cake" insouciance. "Every dollar makes a difference," McDonald's lectures its...
by Richard Eskow | Jul 16, 2013 | Uncategorized
A deal over the "filibuster" was tentatively reached in the Senate Tuesday, but forget all the insider talk about “nuclear options” and “recess appointments." This isn’t a story about process. It’s a story about ideology – specifically, the radical-right extremism of...
