Tag Archive for Economy

An Update on Thoreau’s Necessities of Life

“The necessaries of life for man in this climate may, accurately enough, be distributed under the several heads of Food, Shelter, Clothing, and Fuel; for not till we have secured these are we prepared to entertain the true problems of life with freedom and a prospect of success.” – Henry David Thoreau, Walden By Glynn…

Trump Knocks One Out of the Park in Cleveland

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It was a doozy of a speech, full of iffy facts and false promises. But they loved it… By Glynn Wilson – While many of my liberal and progressive Democrat friends say on Facebook they could not watch Donald Trump’s acceptance speech at the Republican convention Thursday night, or if they did, they called it…

Is Brexit a Harbinger of Trumpism?

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By Dick Polman – With apologies to the climactic song in “Les Miserables,” here are the self-destructive Brits who voted yesterday to exit the European Union. Cue the music! Do you hear the people sing Singing the song of angry men We will crash the British pound Against the dollar and the yen, When the…

Setbacks a Setback – But Not Defeat – For Mobile Tank Foes

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By David Underhill – MOBILE, Ala. – After a couple years trudging through the weeds and thickets of laws, regulations, technical standards, hazard assessments, health effects, economic impacts and other consequences of petroleum storage tanks, Mobile has arrived at nearly the same place it began this trek. On June 11 a three-member subcommittee presented its…

Blinded by the Delight: Missing the Baltimore Grit and the Gulf Oil Escape

By David Underhill – MOBILE, Ala. – Thoroughbreds charging around the final turn and down the homestretch. Blinders strapped on the sides of their faces to keep their attention on the finish line straight ahead. Preakness Stakes at Pimlico racetrack in Baltimore. Second leg of the Triple Crown later this week. Delegations of civic leaders…

The Conundrum of Corporation and Nation

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By Robert Reich – The U.S. economy is picking up steam but most Americans aren’t feeling it. By contrast, most European economies are still in bad shape, but most Europeans are doing relatively well. What’s behind this? Two big facts. First, American corporations exert far more political influence in the United States than their counterparts…

Signs of an Obama Revival?

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By Nicholas Sheppard – After a year and a half of poor poll numbers, a Republican takeover of both houses of Congress, a sluggish economic recovery and numerous problems abroad, President Obama’s fortunes may be changing going into 2015. His job approval rating has been trending up in general in recent weeks, reaching 48 percent…

Why College Is Necessary But Gets You Nowhere

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By Robert Reich – This is the time of year when high school seniors apply to college, and when I get lots of mail about whether college is worth the cost. The answer is unequivocally yes, but with one big qualification. I’ll come to the qualification in a moment but first the financial case for…

And Now the Richest .01 Percent

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By Robert Reich – The richest Americans hold more of the nation’s wealth than they have in almost a century. What do they spend it on? As you might expect, personal jets, giant yachts, works of art, and luxury penthouses. And also on politics. In fact, their political spending has been growing faster than their…

The Choice of the Century

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By Robert Reich – The President blames himself for the Democrat’s big losses Election Day. “We have not been successful in going out there and letting people know what it is that we’re trying to do and why this is the right direction,” he said Sunday. In other words, he didn’t sufficiently tout the Administration’s…

Government Spends More Per Pupil at Private Universities than Public Schools?

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By Robert Reich – Imagine a system of college education supported by high and growing government spending on elite private universities that mainly educate children of the wealthy and upper-middle class, and low and declining government spending on public universities that educate large numbers of children from the working class and the poor. You can…

Why the Economy is Still Failing Most Americans

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By Robert Reich – I was in Seattle, Washington, recently, to congratulate union and community organizers who helped Seattle enact the first $15 per hour minimum wage in the country. Other cities and states should follow Seattle’s example. Contrary to the dire predictions of opponents, the hike won’t cost Seattle jobs. In fact, it will…

Ten Years After: Goofy Shit Sells

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The Big Picture – By Glynn Wilson – How was I to know 10 years ago that we would end up where we are now? I was living in Alexandria, Virginia working for States News Service and free-lancing as a reporter for the likes of Time magazine covering stories related to the Abu Ghraib torture…

Students Head Into Heartland to Help Walmart Workers Organize

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By Robert Reich – I spent several days in New York last week with students from around the country who were preparing to head into the heartland to help organize Walmart workers for better jobs and wages. (Full familial disclosure: My son Adam is one of the leaders.) Almost exactly fifty years ago a similar…

The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’ but an Economy That’s Working for a Few or Many

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By Robert Reich – For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe. American capitalism might be a bit crueler but it generates faster growth and higher living standards overall. Canada’s and Europe’s “welfare-state socialism” is doomed. It was a questionable assumption to begin…