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Archives by Tag 'unemployment'
Hot Autumn in the Kingdom of Spain
DANIEL RAVENTOS and JULIE WARK
On 20 November 2011, thirty-six years after the death of the dictator Francisco Franco, the right-wing Popular Party (PP) won a resounding victory in the parliamentary election. Less than ten months later, voting intention polls show that public support for the Rajoy gove...
Why You’re a Lot Poorer Than You Thought You Were
MIKE WHITNEY
You’re a lot poorer than you thought you were. According to a report by Sentier Research “real median annual household income… has fallen by 4.8 percent since the ‘economic recovery’ began in June 2009.” That’s worse...
America’s Descent Into Poverty
PAUL CRAIG ROBERTS
The United States has collapsed economically, socially, politically, legally, constitutionally, environmentally, and morally. The country that exists today is not even a shell of the country into which I was born.  In this article I will deal with America’s economic co...
The Katrina Pain Index, 2012
BILL QUIGLEY and DAVIDA FINGER
1 Rank of New Orleans in fastest growing US cities between 2010 and 2011.  Source: Census Bureau. 1 Rank of New Orleans, Louisiana in world prison rate.  Louisiana imprisons more of its people, per head, than any of the other 50 states.  Louisiana rate is five t...
The Democratic Party Abandons FDR’s Legacy
RALPH NADER
Calling Obama, Pelosi, Reid and the rest of the Democratic Party, elected officials, political operatives and labor’s leader Richard Trumka. Thirty million American workers want and need a federal minimum wage of $10 per hour which is slightly less than their predecesso...
The Deepening Recession in Black America
SALVATORE BABONES
The recession has been hard on everyone. Tens of millions of people lost their jobs. Many of those who didn’t lose their jobs suffered salary cuts. Retirement savings and home values have plummeted. Even people who have kept their jobs and homes have ha...
Inside the Latest Jobs Report
PAUL CRAIG ROBERTS
In his report on the Bureau of Labor Statistics’ latest jobs and unemployment report, statistician John Williams (shadowstats.com) writes: ...
The Plight of Labor on the Campaign Trail
ROB URIE
With Barack Obama and Mitt Romney trading barbs over the outsourcing of jobs, the facts are that Mr. Obama has repeatedly given full-throated endorsement to the neo-liberal policies behind outsourcing. And Mr. Romney has actually outsourced jobs through his business at Ba...
Jobs Crisis Denial
SHAMUS COOKE
Before any problem can be fixed it must first be acknowledged. The jobs crisis stays in the shadows, out of mind, and consequently unaddressed. This is allowed to happen because those in power – Republicans and Democrats – both have political reasons to rema...
Full-Employment and Political Will
MARK WEISBROT
Three years after our worst recession since the Great Depression officially ended, the U.S. economy is still very weak.  The people most hurt by this weakness are the unemployed and the poor, and of course the two problems are related. We have about 23 million people who...
The Great Liquidity Trap
ROBERT POLLIN
Since the onset of the Great Recession in 2008, commercial banks in the United States began accumulating huge cash reserves in their accounts at the Federal Reserve. Thus, in 2007, just before the onset of the Wall Street crash and ensuing recession, commercial bank reser...
Work Shorter Hours, Reap Real Benefits
DEAN BAKER
Nobel Laureate Paul Krugman and Richard Layard, a distinguished British economist, took the lead last week in drafting a sign on “...
Occupy is Alive; So is History
ROB URIE
Political leadership in the West has calcified atop a set of existing facts and trajectory that assure rebellion in one form or another until they are reconciled. In addition to the economic divides between wealth and poverty, employment and unemployment, opportunity and ...
The Meaning of Occupy
PETER BOHMER
The Occupy movement in the United States is part of a global upsurge that began in Tunisia in late 2010, spread to Egypt and the Middle East, Wisconsin, Chile, Spain, Greece, Wall Street and the rest of the United States and now Quebec. I focus on the United States, parti...
President Cat Food
ROB URIE
Back in the depths of the financial crisis Barack Obama put together a ‘bipartisan’ commission to balance the national budget. To promote this effort he used the stunningly misleading conflation of family and national budgets to argue that Americans need to “tighten...
Empty Talk From the G8
VIJAY PRASHAD
WHEN the Group of Seven (G7) was formed in 1974, its charge was to provide confidence to a global population uncertain about the major structural features in the world. The members of the G7 were Canada, France, Italy, Japan, the United Kingdom, the United States and West...
Hope Reborn at the Antifest
ERIC TOUSSAINT
Sarajevo, capital of Bosnia-Herzegovina, a country ravaged by a war that between 1992 and the beginning of 1996 caused 100.000 deaths (exact figures are unavailable), is certainly looking a lot better but the social situation is dramatic. One statistic says it all: ...
Preying on the Poor
BARBARA EHRENREICH
Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month’s rent. Mug a janitor and you will be lucky to get away with bus fare to flee the crime scene. But asBusiness Week ...
The Violence of Poverty
ALYOSHA GOLDSTEIN
On April 22, 1968, the National Welfare Rights Organization held a vigil on Capitol Hill in honor of Martin Luther King, Jr., who had been murdered eighteen days earlier.  This was to have been the day that King presented the demands of the Poor People’s Campaign to Co...
Could Martin Luther King Jr. Get a Job in Today’s America?
Rev. JESSE JACKSON
Would a young Martin Luther King Jr. be able to get a job in America today? Would one of the thousands who went to jail in support of Nelson Mandela? Or the brilliant kids at the center of Occupy Wall Street? Unless we begin to enforce the Civil Rights Act, m...
Different Bats for Different Brats
LAURA FLANDERS
For all the shameful sucking up to multi-millionaire mom Ann Romney after Democratic pundit Hilary Rosen accused her of never having worked “a day in her life,” the reality is neither Republicans nor Democrats treat most parenting as work, and thousands of poor women ...
Let Them Eat Money
ROB URIE
One of the businesses of Wall Street in the 1980s was the “bucket shop;” firms with networks of stockbrokers who defrauded senior citizens with phony stories about the businesses and prospects of the companies whose stocks they were selling. The companies for the most...
The Land of the Mega-Rich
PAUL CRAIG ROBERTS
On March 9th,  the Bureau of Labor Statistics (BLS) announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Is the government’s claim true? No. Statistician John Williams (...
Unemployment Mumbo Jumbo
DAVE LINDORFF
The US stock market jumped up today on word that the number of new unemployment applications fell to the lowest level in four years. Sounds good, right? It’s meant to sound good, but if you look at the number, and if you think about what it really means, it&#...
Why Raising the Minimum Wage is a Winning Issue
RALPH NADER
How inert can the Democratic Party be? Do they really want to defeat the Congressional Republicans in the fall by doing the right thing? A winning issue is to raise the federal minimum wage, stuck at $7.25 since 2007. If it was adjusted for inflation since 1968, no...