by Terrance Heath | Feb 10, 2015 | Blog, Economy, Greek Crisis
Sen. Bernie Sanders (I-Vt.) has written a letter asking 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. "Make it clear to the...
by Dean Baker | Feb 9, 2015 | Blog, Economy
For years people have been running around Washington yelling that the United States was at risk of becoming Greece. There may actually be a basis for such concerns, but not for the reason usually given. The standard story of the United States becoming Greece is that...
by Richard Eskow | Feb 9, 2015 | Blog, Economy
We have become a profoundly unequal society. That reality is explored in new detail in a recent study from the Institute for New Economic Thinking (INET). Even more importantly, the INET study shows that it will take a dramatic shift in policy to restore the...
by Dave Johnson | Feb 6, 2015 | Blog, Economy, Making it in America, Trade
Alongside Friday's good employment data, there is a brouhaha on the Internets over claims that the government's employment numbers are a "big lie." Jim Clifton, Chairman and CEO of the Gallup polling company penned "The Big Lie: 5.6% Unemployment," claiming that "the...
by Bernie Sanders | Feb 5, 2015 | Economy, Progressive Vision
The good news is the country has made substantial economic progress in the last six years since President Bush left office. Instead of losing 800,000 jobs a month as we were during the final months of the Bush administration, we are now creating some 250,000 jobs a...
by Richard Eskow | Feb 5, 2015 | Blog, Economy, Greek Crisis
Every day brings more headlines in the European debt drama: "Greece elects anti-austerity government." "Greek Finance Minister says he won't negotiate with the 'Troika.'” "Anti-austerity movements gain ground across Europe." What's behind these stories? What does the...
