by Sam Pizzigati | Jan 6, 2020 | Blog, Economy, Featured, Inequality
L-R: Alan Greenspan, Paul Volcker, Ben Bernanke. Photo credit: U.S. Federal Reserve / cc The obituaries for Paul Volcker, the former Federal Reserve chair who died December 8 at age 92, almost all echoed a noble, even heroic narrative. Between 1979 and 1987, as one...
by Sam Pizzigati | Nov 7, 2019 | Blog, Climate, Featured, Inequality, Infrastructure
Photo credit: FEMA / Wikimedia Commons / cc Fires are raging everywhere in California these days, and firefighters are having enormous trouble keeping up. Chronically understaffed local fire departments simply don’t have the resources to handle act one of what climate...
by Sam Pizzigati | Oct 22, 2019 | Economy, Featured, Inequality
At racetracks all across America, lucky bettors every so often rake in small fortunes when the horses they pick to finish one, two, three — a trifecta — just happen to finish in that order. Last spring at the Kentucky Derby, for instance, a $1 trifecta bet returned a...
by Tom Conway | Sep 27, 2019 | Blog, Featured, Inequality
Regular exercise and an apple a day may help to keep the doctor away. But to live a long, healthy life, it helps to be rich. Income inequality is a pox on America. The rich keep getting richer and the poor keep getting poorer. CEO pay keeps rising while workers’...
by Sam Pizzigati | Sep 26, 2019 | Blog, Featured, Future of Work, Inequality
Wars end with treaties. In the middle of the 20th century, the “class war” that finished off America’s original plutocracy ended with the “Treaty of Detroit.” Fortune, the business magazine, came up with that catchy turn of phrase back in 1950 to describe the landmark...
by Sam Pizzigati | Sep 12, 2019 | Economy, Featured, Future of Work, Health, Inequality
The weight of the wealth that sits at the top of America’s economic order isn’t just squeezing dollars out of the wallets of average Americans. That concentrated wealth is shearing years off of American lives. The latest evidence for that squeeze on American wallets...
