The deal that Greek Prime Minister Alexis Tsipras has reached with European Union leaders seems less a bailout of Greece's economy and more of a prelude to an overthrow of the leftist Syrzia majority running the country.
The Greek crisis deepens. The European Bank refuses the aid needed to reopen Greek banks. Germany's Angel Merkel sees no basis for a new deal. The full catastrophe grows nearer.
A petition launched today calls on President Obama and Congress to urge the European Central Bank to support the Greek banking system while negotiations continue toward "a fair agreement" for the Greek people.
The Greeks have refused to accept the harsh punishment that Europe prescribed for them. Europe's effort to topple the Syriza government has failed. Now Europe must decide how it will react to the voice of democracy.
Greece is now on the brink. The referendum on July 5 offers Greek voters only a choice of calamities. The common narrative of this crisis is deeply misleading. Greece's failure is, in the end, Europe's shame.
The lender is supposed to evaluate risk and say no if the borrower is irresponsible, not complain later about the borrower being irresponsible. Are Greece's lenders bad at their job?
Two years ago Louisiana governor Bobby Jindal urged the GOP to “stop being the stupid party.” Jindal went on to become the primary leader of “the stupid party.” Now, he’s running to be leader of the free world.
Three European leftist party leaders are appealing to lawmakers and activists in the United States to push the International Monetary Fund to stop the imposition of austerity policies in Greece.
What's the lesson that we need to learn from the Greek debt crisis? Unless you want U.S. streets overrun with motorcycles, we need to invest in our economy and oppose right-wing austerity policies here in America.
Sen. Bernie Sanders asked Federal Reserve chair Janet Yellen to explain her inaction and the Fed’s silence on Greece’s stand against austerity. The stakes are too high for the U.S. to let Greece go it alone.
Every day brings more headlines in the European debt drama. What's behind it? What does the future hold? Are there any implications for the United States? Here's an overview of the situation as it currently stands.
McDonald’s is scrambling, and I’m not talking about eggs. Its McManagers illegally reduced the hours (and therefore the pay) of hundreds of those who joined the “Fight For 15″ campaign.
The AFL-CIO launched a campaign last week to wrench worker wages out of the muck and push them up.
In early 2010, three progressive economic activists – myself, Dean Baker, and Robert Kuttner – met with Obama political adviser David Axelrod. We left disappointed. Obama's election message was: "The jobs are coming."
In the debate between populist progressives and self-described "centrists" over why Democrats lost the midterms and how they should recalibrate, it's worth recalling that Republicans won in part by co-opting populism.
Two Democrats in competitive Senate races bucked the Republican tide. What did they do that the other campaigns didn’t? And how should that inform progressive strategy going forward?
Trade is a huge issue for many blue-collar voters and in "rust-belt" regions that have been wiped out by the offshoring of our jobs and factories. This has given North Carolina Sen. Kay Hagan an opportunity.
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.
The founder of Restaurant Opportunities Centers United is on the front lines with restaurant workers, highlighting their plight and giving them a voice to challenge the National Restaurant Association.
Just when you thought the plutocratic profiteers running America’s low-wage economy couldn’t get any more clueless, self-serving, pious, and mingy — along comes Lady Maria of Marriott, magnanimously saying: “Let them eat tips."
The conversation was enlightening. It was also alarming – as in, a wake-up call. There's substantial polling data which lays out what must be done. The question is, Will enough Democrats get the message?
Ask people what they think of NAFTA and you'll learn that people get it. People absolutely hate "NAFTA-style" trade deals. People are voting based on this – when given the chance.
Voters want candidates who will support classroom teachers and oppose funding cuts to public schools. Democrats can make support for public education a winning issue.
As the campaign enters into its last weeks, ordinary voters begin to pay attention. People don't seem to be buying what Republicans are selling. But Democrats can overcome the odds only if they turn to a more populist voice.
Amidst the lack of action on raising the minimum wage at the federal level, Seattle has taken lead. Just this June, the Seattle City Council voted unanimously to increase the city’s minimum wage to reach $15 an hour by 2017.
A new poll confirms that voters don’t just want their Social Security benefits protected; they want them expanded. A firm stand as defenders and expanders of Social Security is a winner for Democrats.
Democrats have very little time in which to tell that voters exactly what they would do to create more and better jobs, how that would benefit both the unemployed and the underpaid middle class, and who's stopping them.
With the midterm elections only two months away, the Democratic Party’s prospects seem doubtful. The party needs a spark, a fire, a source of inspiration. An embrace of the minimum wage could be exactly what it needs.
Labor Day was last weekend. For the occasion we interviewed our own Robert Borosage on The Zero Hour radio program regarding his piece entitled "Inequality: A Broad Middle Class Requires Empowering Workers."
With less than 7 percent of the private workforce represented by a union, the share of national income going to workers is near record lows. Democrats must once more make empowering workers central to their program.
The rules set down in our democracy can’t be enforced unless We the People can organize to be powerful enough to overcome the great wealth and power of a few ultra-billionaires and their corporations.
A new CAF report makes a compelling case: Rebuilding America's broad middle class requires reviving a strong union movement. Labor helped build the middle class; and as labor lost ground, so did the middle class.
Legislation to do something about corporations renouncing their U.S. "citizenship" is before Congress. The odds are that Republicans will block it – and not just because they have obstructed everything else.
The idea of American corporations renouncing their citizenship to get out of paying for the services that they will still be using has pushed public opinion over the edge.
The economy is improving and the behind-the-scenes numbers that economists and business types pour over look better than they have looked in a long time. But the voters Democrats need just aren't feeling this.
August 14 is Social Security’s birthday, which raises the question: what do you give the program that has everything? After all, Social Security enjoys massive public support. It’s the most efficient program of its kind in the country.
What's the old Republican saying? "When I vote for a Republican, I want the real thing. I accept no substitutes." What's the old Democrat saying? "If I can't find a real Democrat to vote for I guess I'll just stay home."
Should Democrats run on what needs to be done or touting what has already been done? You wouldn't think this is a hard question. But the White House thinks its time to brag on the economy.
The game plan: Adopt your competition’s failed economic agenda, make yourself your opponent’s pallid shadow, and base your campaign on issues, positions and priorities that have little or no support among voters.
New interviews with leading voices in the progressive education movement have brought to light how policy compromises forged by centrist Democrats have enabled truly bad consequences for public education. Progressives are saying "enough"