Economy
The Damage From A High US Trade Deficit
Some economists blame upward redistribution of income, which reduces overall demand, for excessive unemployment. However, upward redistribution is only part of the explanation. The trade deficit is a much bigger part of the picture.
Budget Cuts Don't Save Money
Yes, taking money out of the economy actually takes money out of the economy. Yes, cutting the budget for fixing roads and bridges actually means they start to fall apart. Yes, cutting the health budget has an impact on our health.
The Nouveau Sodbusters
We know from the childhood song that Old MacDonald had a farm. But e-i-e-i-o — look who’s got his farm now. It’s outfits like American Farmland, Farmland Partners, and BlackRock. These aren’t dirt farmers wearing overalls and muddy boots.
Why You Shouldn't Be "Optimistic" About Corporate "Tax Reform"
Why is it that any time you hear the word “reform” coming out of Washington it always ends badly for about 99 percent of us? Here are some actual reforms that are need for corporate tax reform.
Eric Holder: The Reason Robert Rubin Isn't Behind Bars
Undoubtedly there are positives to Eric Holder’s tenure as attorney general, but one really big minus is his decision not to prosecute any of the Wall Street crew whose actions helped to prop up the housing bubble.
Here Are Better Ways To Spend $1 Trillion Than On Nuclear Weapons
President Obama has talked about moving towards a nuclear weapons-free world, yet new research shows the U.S. still has a huge stockpile of nuclear weapons and efforts over the next few decades will increase it.
Google Leads a Corporate Exodus From Lobbying Group ALEC
Google Chairman Eric Schmidt attracted attention when he announced that his company would no longer be funding the American Legislative Exchange Council. Now, companies from across the tech sector, and beyond, are following suit.
Reagan Set Up The Death Of The Middle Class, But China Was The Clincher
Before Reagan working people benefited most from economic recoveries. After Reagan, the top 10% benefited more. After 2000, 90% of us continued to fall behind – when we opened "free trade" with China.
Why the Economy is Still Failing Most Americans
Economic expansions used to improve the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery the benefits of economic growth during expansions have gone mostly to the top 10 percent.
Why an Unequal Planet Can Never Be Green
The more wealth concentrates, the greater the strain on our biosphere. Top environmentalists get that connection. Now our societies must.
