by Robert Borosage | Oct 21, 2009 | Blog, Economy, Minimum Wage
They are popping the bubbly on Wall Street. Million-dollar bonuses, the Dow at 10,000, the casino is open again. Forget President Obama, who says we can't go back to an economy where finance pockets 40 percent of the profits. We're already headed there. The...
by Dave Johnson | Oct 9, 2009 | Blog, Economy, Making it in America
Short-term gains for a few. Long-term harm to the rest of us. Again and again we have seen American industries exported, the plants closed, the jobs lost, and government officials just letting it happen. The workers in the other countries are almost always paid less...
by Dave Johnson | Oct 5, 2009 | Blog, Economy
Friday’s jobs report said 263,000 jobs were lost in September. BUT that is after 571,000 people gave up actively looking for work. The number of jobs lost last month was 263,000 plus 571,000 = 834,000. The "stimulus plan" is currently creating (and/or saving) between...
by Isaiah J. Poole | Oct 2, 2009 | Blog, Economy, Making it in America
Taken out of context, this argument sounds almost like a right-wing or corporatist knock against the climate change bill that's pending in the Senate: The bill that was introduced this week by Sens. John Kerry and Barbara Boxer could put at risk 4 million American...
by Dave Johnson | Sep 22, 2009 | Blog, Economy
I am flying to Pittsburgh tomorrow and will be blogging here Thursday and Friday from the G-20 summit. The G-20 is a meeting of the Group of Twenty (G-20) Finance Ministers and Central Bank Governors of "systemically important industrialized and developing economies...
by Sam Pizzigati | Sep 20, 2009 | Blog, Economy
Hard times, a rash of new media reports now assures us, are significantly narrowing the gap between the rich and everybody else. So why are so many super rich still smiling? Job worries have you down? Bills piling up? Nothing left in your retirement stash? You need a...
