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The US Geological Survey recorded a minor earthquake this morning with its epicenter near Wasilla, Alaska, the probable result of Sarah Palin opening her mail box to find the latest issue of CounterPunch magazine we sent her. A few moments later she Instagrammed this startling comment…

Ayers

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Archives by Tag 'unemployment'
How the Other Half Still Lives
CHARLES R. LARSON
Some of us can remember reading Michael Harrington’s ground-breaking study of poverty in the United States: The Other America (1962).  Sadly, Sasha Abramsky’s ...
Obama’s Middle Class Problem
GEOFFREY McDONALD
Obama is scandalized that the American dream – the mythical notion that hard work gets you ahead – is not panning out for a lot of people. He is incensed that America is currently not in the position to create jobs that are both globally competitive and provide a dece...
The New Economy is the No Jobs Economy
PAUL CRAIG ROBERTS
One of my most popular columns was about escaping from the Matrix existence in which Americans live. It is a world of disinformation and misinformation in which facts are fiction, and abstract theories are substituted for empirical reality. Official government stat...
The Social Costs of Capitalism
PAUL CRAIG ROBERTS
When I was a graduate student in economics, the social cost of capitalism was a big issue in economic theory.  Since those decades ago, the social costs of capitalism have exploded, but the issue seems no longer to trouble the economics profession. Social costs a...
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...
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 Great Restructuring
DAVID ROSEN
A series of recent reports from the Bureau of Labor Statistics (BLS), the Pew Foundation and Urban Institute detail how more and more Americans are adjusting to the new old America. The ...
What Deficit Reduction is Really About: Weakening Workers’ Bargaining Power
DEAN BAKER
Few academic papers have ever received as much attention or had as much influence on public policy as “...
Where are the Eulogies for Thatcher’s Victims?
JOSEPH RICHARDSON
London. No sooner had the news broken of Margaret Thatcher’s death than the glorious tributes came flooding in, a veritable deluge of unreserved praise for the Britain’s first female Prime Minister. ...
Eurozone in Crisis
TOM McNAMARA
“Let all the poisons that lurk in the mud hatch out.” - Robert Graves, I Claudius Rennes, France. Things are bad in the European Union (EU). Just how bad you ask? They are so bad that the unelected foncti...
How to Reduce Unemployment
DEAN BAKER
Many of the pundits are once again celebrating the pick-up of the U.S. economy. Unfortunately this upturn, like prior ones, seems to exist more in their heads than in the data. The big bright spot being highlighted is the 200,000 monthly rate of job creation since October...
The Arithmetic of Desperation in Detroit
CHRIS LEWIS
Lansing has it out for Detroiters. That’s William Scott’s estimation, at least. “The politicians in state government, in my opinion, care more about the suburbs than here in Detroit,” the retired auto worker told me a few years ago, sitting in a lawn chair perched...
The Bad News About Jobs
DEAN BAKER
More than five years into the downturn it doesn’t take much to get people excited about the state of the economy. The Labor Department’s February employment report showing the economy generated a better-than-expected 236,000 jobs and the unemployment rate had fallen 0...
The Long-Term Jobs and Wage Picture
ALAN NASSER
“We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. This means unemployment due to our discovery of means of e...
Still Not Enough Jobs to Go Around
HEIDI SHIERHOLZ
The November Job Openings and Labor Turnover Survey (JOLTS), released today by the Bureau of Labor Statistics, shows job ...
Premature Austerity
ANDREW FIELDHOUSE
My colleague Josh Bivens outlined the contours of this weekend’s 11th hour budget deal, concluding that Congress mostly monkeyed around with upper-income taxes—a politically contentious “...
Priority One: Employment
MARK WEISBROT
As the much-hyped “fiscal cliff” looms at the end of the year, there is talk about “comprehensive tax reform” as part of a deal to achieve deficit reduction.  For Republicans and their allies who want to minimize the taxes paid by rich people, this is one strateg...
No Wait for Austerity
KATRINA BACOME
I don’t have a television, so I didn’t get to see President Obama deliver his reelection speech last night. Like millions of Americans, the day after the election was much the same as every other day. I spent my first day after Obama’s victory moving for...
Why Jack Welch Has No Clue About Jobs Numbers
DEAN BAKER
Jack Welch, the former chief executive of General Electric, was unhappy that the Labor Department reported a ...
Unemployment And Marginal Tax Rates
JOSHUA A. CUEVAS
We, as a nation, are now in our 5th year since the beginning of the greatest recession we’ve seen since the great depression (Federal Reserve Bank of Minneapolis, 2012). Indeed, at least one prominent economist and Nobel Prize winner has made the argument that we are in...
The Right’s Outrageous Attacks on the Bureau of Labor Statistics
LAWRENCE MISHEL
Apparently, Jack Welch, former chairman and CEO of General ...
Bankers And Their Dirty Tricks
MIKE WHITNEY
Didn’t Ben Bernanke promise that another round of bond purchases would lower unemployment and boost economic growth? We think he did, which is why we’re wondering why all the benefits from QE3 appear to be going to the banks. According to Bloomberg News...
The Jobs Crisis, the “Unemployable,” and the Fiscal Cliff
SHAMUS COOKE
With the November elections right around the corner, the millions of unemployed and under-employed have little reason to care. Aside from some sparse rhetoric, neither Democrats nor Republicans have offered a solution to job creation. Most politicians seem purposefully m...
Myths About Job Creation and the Private Sector
MARK VORPAHL
The issue of unemployment and underemployment loomed above the hype of both the Republican and Democratic Party conventions with the cold stare of a harsh judge. Many promises and dubious claims were made from the respective party podiums, but no real solutions were put f...
Obama vs. Economic Reality
SHAMUS COOKE
It took less than 24 hours for Obama’s “inspiring” convention speech to be smothered by the reality of the job crisis. The August national jobs report showed that the U.S. economy failed to create enough new jobs to keep up with population growth. More i...