by Robert Borosage | Feb 26, 2015 | Blog, Economy, Financial Reform
“Yellen Puts Fed on Path to Lift Rates,” reads the banner headline in the Wall Street Journal. The Federal Reserve's chair Janet Yellen is intimating that it might begin to lift interest rates in the middle of this year. If so, its decisions over the next year could...
by Isaiah J. Poole | Feb 25, 2015 | Economy, Jobs and Growth
[fve]http://youtu.be/twVCSOpsSQ0[/fve] There is a far more important political question right now for Sen. Elizabeth Warren (D-Mass.) than the continuing attempts to coax her into a presidential campaign and her dogged refusal to take the bait. She, along with Rep....
by Robert Reich | Feb 23, 2015 | Blog, Economy, Jobs and Growth
GM is worth around $60 billion, and has over 200,000 employees. Its front-line workers earn from $19 to $28.50 an hour, with benefits. Uber is estimated to be worth some $40 billion, and has 850 employees. Uber also has over 163,000 drivers (as of December – the...
by Gary Cohn | Feb 20, 2015 | Economy
There are many gauges of the depth and breadth of economic inequality, and they often measure what middle-income working people have today against what they had prior to 1980 – that time when homes were affordable, along with doctor visits and college educations. Yet...
by Richard Eskow | Feb 19, 2015 | Blog, Economy
We talk a good game about opportunity in this country, but here are three signs that we're failing to provide young people a fair shot at prosperity. Sign #1: People typically achieve most of their earnings gain in the first 10 years of employment. A new study from...
by Isaiah J. Poole | Feb 18, 2015 | Economy
[fve]http://youtu.be/GYGGkUzV6YU[/fve] Progressives need to step up their opposition to any moves by the Federal Reserve to increase interest rates in the near future, economist Dean Baker of the Center for Economic and Policy Research told a group of progressive...
