Economy and Business
We Won the War on Poverty, then Lost the Peace
When President Lyndon B. Johnson declared a war on poverty in January 1964, the poverty rate was over 19 percent. By 1972 it had fallen to less than 12 percent, and it stayed there for most of the 1970s.
Anyone who says we lost the war on poverty is flat out ignoring these numbers. We won the war on poverty. What we lost was the peace.
Who’s Really Winning the Smartphone Wars?
Why do CEOs make so much? Do they just have more smarts than the rest of us?
Sorry, You Can’t Get There From Here
Riding the London Underground from downtown to Heathrow Airport can awaken you to just how archaic America’s transportation system is. Most U.S. cities make heading to the airport a hassle.
Labor Day Special: Week of August 27-September 2, 2012
Deborah Burger calls for better nurse-staffing ratios at the nation’s hospitals, Amy Dean makes the case for accountability when companies getting tax breaks for being “job creators” don’t create jobs, and Virginia Sole-Smith casts light on how Mary Kay exploits its own sales force.
The Lipstick Profiteers
In July, 30,000 Mary Kay ladies flooded the Dallas Convention Center for the company’s annual “seminar” — a conference that is equal parts beauty pageant and mega-church revival. They wore cute suits and evening gowns, won piles of glitzy prizes, attended leadership workshops, and gave standing ovations to any video footage of their company’s late iconic founder, Mary Kay Ash.
How to Safely Scale Down the Fiscal Cliff
Pundits pounced earlier this year when Federal Reserve Chairman Ben Bernanke warned that the country will face a “massive fiscal cliff” at the beginning of 2013. It seemed we had to extend the Bush tax cuts — or else.
Rooting out Fake Job Creators
Ed Gillespie, a senior adviser to Mitt Romney, recently declared on Face the Nation that that President Barack Obama “is hostile to job creators,” reciting a standard Republican canard.
A Bold New Call for a ‘Maximum Wage’
How about taking a moment this Labor Day to reflect about those Americans who earn the least for their labor?
Percolate-Up Economics
Washington keeps handing massive bailouts to Wall Street giants and multibillion-dollar annual subsidies to Big Oil. Those giveaways certainly boost the 1-percenters’ bottom lines, but they do nothing to perk up America’s grassroots economy. And that’s not only where the rest of us live and work, it’s the only place that can generate real national prosperity.
The Race to the Bottom
Is the love of money the root of all evil? OK, so Jesus may have played down bigotry and megalomania when he said that, but overall his observation holds true 2,000 years later.
