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GOP: TPP Doesn't Rig Rules, Destroy Sovereignty Enough

"Establishment" Republicans are warning that the Trans-Pacific Partnership (TPP) might not have enough Republican votes to pass right away. Senate Majority Leader Mitch McConnell, for example, said that President Barack Obama should not submit TPP to Congress for a...

Progressive Breakfast

Spending Talks Near Completion Senate passes 5-day patch to keep government open. Politico: "The five-day continuing resolution, approved by voice vote, lasts through Wednesday. The House is expected to follow suit on Friday with an identical stopgap measure." Deal on...

Don’t Be a Fossil-Foolish Investor

Investors who choose to steer clear of oil, gas, and coal are protecting their portfolios in the short term and the long run. Who has divested lately? The fast-growing list includes the University of California, insurance giant Allianz, the German city of Munster, and...

Shining A Light Into The Charter School Black Box

Charter schools are now the most rapidly growing form of schools in the nation's education system, but surveys show Americans generally don't understand what charters are even if they tend to favor them. Are these schools public? Are they private? Who really runs...

Progressive Breakfast

Sanders Resurgence? Bernie Sanders up 10 over Hillary Clinton in CNN New Hampshire poll. USA Today: "Fifty-percent of respondents ... back Sanders, while 40% opted for the former secretary of State ... Polls show he trails badly in two other early voting states: Iowa...

Put This Coal Kingpin in the Stocks

Disgraced coal baron Don Blankenship didn’t get what he deserves in his recent federal trial. But he richly deserves what he got. “Guilty,” declared all 12 West Virginia jurors, who convicted this arrogant and avaricious former CEO of Massey Energy of willfully...

Progressive Breakfast

Government In Limbo Congress will miss Friday deadline to pass legislation to fund government. Politico: "In all likelihood, the House will vote Friday on a short-term government funding measure to avoid a shutdown, giving Speaker Paul Ryan and House Minority Leader...

Can We Talk About Assault Weapons?

We all know that some guns should be banned or severely restricted. Machine guns, sawed-off shotguns, silencers, grenades, and many other types of extremely dangerous weapons were essentially banned by the commonsense National Firearms Act (NFA) of 1934, a law that...

Progressive Breakfast

Clinton To Flesh Out Business Tax Reform Clinton offer manufacturing plan today. Detroit News: "... the former U.S. secretary of state and will roll out a plan giving manufacturers a 39 percent tax credit on equity investments in towns that experience major job losses...

What to Do About Disloyal Corporations

Just like that, Pfizer has decided it’s no longer American. It plans to link up with Ireland’s Allergan and move its corporate headquarters from New York to Ireland. That way it will pay less tax. Ireland’s tax rate is less than half that of United States. Ian Read,...

Progressive Breakfast

No Funding Deal In Sight Four days until shutdown deadline. Politico: "While senior Republicans are confident they will reach an agreement on the yearlong funding measure at some point, it appears increasingly likely that no deal will be in place by the Friday Dec. 11...

The Enormous, Humongous October Trade Deficit Report

The U.S. Census Bureau reported Friday that the October goods and services trade deficit was an enormous, humongous $43.9 billion. This is for a single month. This is up $1.4 billion – 3.4 percent – from September's enormous, humongous $42.5 (revised) billion trade...

Progressive Breakfast

Jobs Up. Rates Next. Steady job growth continues in November jobs report. NYT: "The American economy created 211,000 jobs in November ... The unemployment rate held steady at 5 percent ... wages rose by 0.2 percent, leaving the 12-month change in average hourly...

The Economy: The New Normal Isn't

The November jobs report – 211,000 jobs with the headline unemployment rate staying at 5 percent – met "expectations." It is now virtually inevitable that the Federal Reserve will begin raising interest rates at its December 15-16 meetings, as Fed Chair Janet Yellen...

Have We Hit Peak Inequality?

When should we be alarmed about so much wealth in so few hands? The Great Recession and its anemic recovery only deepened the economic inequality that’s drawn so much attention in its wake. Nearly all wealth and income gains since then have flowed to the top one-tenth...

The Sanders Corporate Tax Reform Plan

In the recent post, "How The Clinton and Sanders Infrastructure Plans Measure Up," I mistakenly wrote that candidate Bernie Sanders does not yet have a corporate tax proposal: Clinton’s infrastructure plan says only that it will be paid for through “business tax...

Progressive Breakfast

Bipartisan Agreements In Congress House passes No Child Left Behind revamp. AP: "The legislation would maintain a key feature of the Bush-era law: annual reading and math testing of children in grades 3 through 8 and once in high school [but] would encourage states to...

So Much For Conservative Terror Scare Talk

You might have heard a few things about terror and ISIS and refugees in the last few weeks. There has been a lot of scare talk and propaganda about how refugees are going to swarm in and shoot all of us. You might not have heard that Republicans in Congress are...

Not-So-Fun Facts About Income Inequality

There are a lot of not-so-fun facts in the latest Institute for Policy Studies "Billionaire Bonanza" report on the absurd, widening gap between the people in the Forbes 400 and the rest of us. For example, the top 20 wealthiest individuals in the U.S., according to...

Progressive Breakfast

Transportation Bill Expected To Pass Congress Congress strikes deal for 5-year transportation bill. The Hill: "The measure calls for spending approximately $205 billion on highways and $48 billion on transit projects over the next five years. It also reauthorizes the...

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