Economy and Business
The 99 Percent Spring
At the root of this discontent are the extreme inequalities of income, wealth, and opportunity that have emerged over the last four decades.
Off Our Backs
Down and Out on Wall Street
Have you heard about the earthquake that has shaken Wall Street to its very core? Well, brace yourself, for this really is a shocker: bonus payments are down.
Better Public Schools Require a Stronger Safety Net
Many American kids are getting a fine education these days, but plenty more are stuck with lousy schools. This disparity shouldn’t come as a shock, because that’s the way our society is designed.
What’s Good for the CEO May Be Bad for Business
A saying attributed to Henry Ford rings all too true nowadays: “What’s good for the businessman is bad for business.”
Job-Killing Tax Breaks
As the owner and general manager of two inns near Harvard University, I derive personal satisfaction and intellectual rewards from developing and running a successful small business.
Attack of the Billionaires
It was a total lockdown. As jet after jet swept in surreptitiously with top brass and political decision-makers on board, every entrance to the site of the super-secret Coachella Valley planning summit was secured and patrolled by armed guards and helicopters.
Raw Trade Deals
After years of debate and delay, Congress finally passed those free-trade agreements with South Korea, Colombia, and Panama. There go 159,000 more jobs that we’re likely to lose to Seoul after the Korean deal goes into effect on March 15, according to the Economic Policy Institute. And 55,000 to Bogotá, after the Colombian pact becomes operative too.
Corporations Commit Atrocities, My Friend
The Supreme Court heard arguments in a crucial case yesterday that could have major ramifications for corporate accountability.
Costly Labor Scam
These days, companies often prefer to build factories in states where union protections are weak. This enables them to increase company profits at the expense of the middle class. Otherwise, they do it at the expense of the lower class by leaving the country altogether.
