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Archives by Tag 'Economy'
Obama’s Personal Responsibility Snake Oil
AJAMU NANGWAYA
United States president Barack Obama appears to never pass up an opportunity when addressing Afrikan Americans to shift the responsibility for their success to personal effort and not the removal of structural barriers that are connected to white supremacy, sexism and cap...
Radical Remaking of the Economy is Taking Root
KEVIN ZEESE and MARGARET FLOWERS
It is time for the economy to work for the people, not the elites; it is time for economic democracy. As the school year ends, college students are coming home to a paucity of summer jobs and young adults are graduating into an economy with ...
Japan’s Roller-Coaster Markets
MIKE WHITNEY
“The bankers in Tokyo tell me there is a widespread mindset of panic among institutional holders of Japanese Government Bonds (JGBs) and that can’t be a good thing. Panic tends inevitably to lead to crisis, and goodness knows, global financial mark...
The Silent Death of the American Left
JEFFREY ST. CLAIR
Is there a Left in America today? There is, of course, a Left ideology, a Left of the mind, a Left of theory and critique. But is there a Left movement? Does the Left exist as an oppositional political, cultural or economic force? Is anyone intimidated or re...
Goal Reached: Time to Restart the Economy
KEVIN ZEESE and MARGARET FLOWERS
Finally – it’s over.  The goal of Simpson and Bowles has been met, the deficit is shrinking rapidly. And the intellectual underpinning for deficit reduction, based on the ...
American Advice for Indian Growth
VIJAY PRASHAD
Where does one even begin? On May 21, the US Ambassador to India, Nancy Powell, addressed the Bengal Chamber of Commerce and Industry in Kolkata. She told the eager crowd of businessmen that “if India is to grow again, support for policies that are necessary for ...
Soros’s Bets
PAUL CRAIG ROBERTS
You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. Certainly, Soros himself doesn’t believe it, as t...
Fiscal Policy Without Fear
DEAN BAKER
It appears that the Reinhart-Rogoff battles have flamed out. Even the inventors of the 90 percent debt cliff are now anxious to portray themselves of ...
The Land of Murder
NILANTHA ILANGAMUWA
...
Obama’s Absurd Sequester Scheme
DEAN BAKER
The big talk in Washington this month is the sequester cuts. These cuts are roughly 8 percent of most areas of discretionary spending, both military and domestic. While the cuts became effective at the start of March, many will first begin to pinch this month since govern...
Divided We Fall: a Tale of Two Economic Realities
JASON HIRTHLER
“Teach these boys and girls nothing but Facts. Facts alone are wanted in life.” These lines from schoolmaster Thomas Gradgrind open Charles Dickens’ ...
Recovery for the 7 Percent
PAUL CRAIG ROBERTS
“From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, while t...
Back to Recession
MIKE WHITNEY
The media is calling it a “Spring swoon”,  but it’s really just the next phase of the long slump. After a strong showing in the first quarter (Q1), the economy is starting to lose steam for the forth year in a row. The main cause for the slow...
Terrorizing the Economy
LAURA FLANDERS
Two acts of cruelty claimed lives this tax day.  One was criminal, bloody and shocked a nation. The other was routine, legal and potentially way more deadly. They both rely on secrecy. The bombs near the finish line of the Boston Marathon were planted by we don’...
Krugman vs. Stockman
MIKE WHITNEY
It was no Rumble in the Jungle, that’s for sure. There were no blindside blows to the ribs, no bone...
The Myth of the Aztec Tiger
PAUL IMISON
Mexico City. According to rumors spread by everyone from The Economist to The New York Times, Mexico has gone from being the bloody epicenter of the “drug war” to a roaring “Aztec tiger” in the space of three short months. Following l...
Reducing Production
DON FITZ
The question is not should we advocate reducing production within capitalist society but rather: How do we best relate to those struggles that are already occurring?  Activists across the globe are challenging the uncontrollable dynamic of economic expansio...
Has Everyone Improved Except Working People?
DAVID MACARAY
Not to wax nostalgically, but when we look back at the social progress made over the last half-century or so, we have much to be proud of. Granted, in many instances it was unfortunate we had to wait so long before these progressive measures took root, but late to the par...
Sealed in the House of Privilege
LAWRENCE MISHEL
David Brooks recently wrote a misguided column critic...
Obama and the Grand Bargain
SHAMUS COOKE
President Obama’s recent closed-door sessions with Republican congressmen to reach a “grand bargain” has roused suspiciously little attention in the mainstream media. What scant reporting has occurred presents the following narrative: President Ob...
Two More Public Officials “Cash In”
MIKE WHITNEY
Is there anything more maddening then watching elected officials and regulators cash in for their time in office? Here’s two more names you can add to the list: Former SEC chief Mary Schapiro and ex-US Senator Scott Brown (R-MA). Schapiro, the feckless sellou...
One Nation, Under Sequester
WALTER BRASCH
Judges who wish to assure that a jury has no outside influence will sequester them. Legally, a sequestered jury is seized by authority and isolated from all outside influences. The jurors are escorted into and out of the courtroom. They aren’t allowed to r...
Dow Sets Record On Fed’s QE
MIKE WHITNEY
The Dow Jones Industrial Average (DJIA) roared to an all-time high on Friday wrapping up a 4-day winning streak and shrugging off grim reports of government budget cuts that are expected to slow growth. The Dow rose 67 points on the day to close at 14,397 passing the prev...
Can Re-Industrialization Save the Middle Class?
TOM MCNAMARA
Saint-Cyr, Coëtquidan, France. Most economists agree that the “Great Recession” of 2008 ended sometime around the summer of 2009. This is surely great news to the 47.6 million Americans who are eating thanks to the Supplemental Nutrition Assistance Prog...
How to Raise the Minimum Wage
RALPH NADER
Day after day exposés pour forth about corporate and governmental wrongdoing and abuses of power from official reports, the media, lawsuits and citizen groups. Far more often than not, little or nothing happens. The organized culprits continue with their harmful and gree...