Economy and Business
Austerity Won’t Restore our Prosperity
In case you haven’t heard, the economy is not in great shape–10 percent unemployment, home foreclosures soaring, the national debt exploding. And the future looks worse. Some people think inflation is on the way; others think it’s going to be deflation, a condition in which your money is worth a little more, but you have a lot less of it.
Let’s Strengthen our Safety Net
The Census just released data that illustrates the extent of the devastation. Poverty spiked in 2009. One in seven Americans–a record high of 43.6 million people–was poor last year. Children, single mothers, blacks, and Latinos are being hit the hardest.
Offshoring America’s Legal Jobs
Maybe you’re one of the thousands of young lawyers in America working in some low-skill, part-time job because law firms have cut so many of the starting positions you were educated to take. If so, I have good news: Jobs for young lawyers are now mushrooming in companies that provide legal services to U.S. corporations.
Elders’ Safety Net Could Fray After Nov. 2
Stores are already full of Halloween costumes and scary stuff for October 31. TV stations are gearing up for reruns of “Nightmare on Elm Street” and its many sequels, when Freddy Krueger will revisit us again and again.
Planet CEO vs. Planet Worker
Remember the Great Recession? For most Americans, it’s an unforgettable nightmare that lives on. But for the CEOs of some of our nation’s biggest companies, it’s a distant memory.
It’s been two years since the Lehman Brothers collapse set off a global financial meltdown. The government bailed out big Wall Street banks and they’re now making bumper earnings. Major corporations are sitting on $8 trillion in cash reserves, the biggest pile since 1963.
Killing Jobs is Bad for Business
Corporate America loves layoffs. No matter the cost to the affected workers, many investors see job cuts as an encouraging sign that CEOs are making the tough decisions necessary to make their company “lean and mean.”
Happy Birthday, Social Security
Social Security, created by FDR in the midst of the Great Depression, recently turned 75.