The Big Picture – By Glynn Wilson – What’s the point of celebrating Labor Day anymore? Like many things these days, people have forgotten the history and do not appreciate it beyond the day off to eat barbecue and jump in the water. There’s not much in the way of news to report about Amerian…
EDITOR’S NOTE – For info about a free roundtrip bus on Saturday from Mobile to this demonstration go to the Facebook event page for Gulf Coast Interdependence Day. You can sign up as a volunteer and RSVP to attend and find out details about the bus and other matters. The free bus will leave from…
EDITORIAL – In an interesting new development, the AFL-CIO has come out with a new video showing that Donald Trump does not pay his bills and cannot be trusted as president. While many union workers across America and especially in places such as the South and Alabama are supporting Republicans for office and even actively…
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…
By Robert Reich – Wealth inequality is even more of a problem than income inequality. That’s because you have to have enough savings from income to begin to accumulate wealth – buying a house or investing in stocks and bonds, or saving up to send a child to college. But many Americans have almost no…
By Robert Reich – If you haven’t yet seen “The Big Short” – directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — I recommend you do so. Not only is the movie an enjoyable (if that’s the…
By Robert Reich – Economic forecasters exist to make astrologers look good, but I’ll hazard a guess. I expect the U.S. economy to sputter in 2016. That’s because the economy faces a deep structural problem: not enough demand for all the goods and services it’s capable of producing. American consumers account for almost 70 percent…
By Robert Reich – What’s at stake this election year? Let me put as directly as I can. America has succumbed to a vicious cycle in which great wealth translates into political power, which generates even more wealth, and even more power. This spiral is most apparent is declining tax rates on corporations and on…
By Robert Reich – In this holiday season it’s especially appropriate to acknowledge how many Americans don’t have steady work. The so-called “share economy” includes independent contractors, temporary workers, the self-employed, part-timers, freelancers, and free agents. Most file 1099s rather than W2s, for tax purposes. It’s estimated that in five years over 40 percent of…
By Robert Reich – In 1928, famed British economist John Maynard Keynes predicted that technology would advance so far in a hundred years – by 2028 – that it will replace all work, and no one will need to worry about making money. “For the first time since his creation man will be faced with…
By Robert Reich – “He can’t possibly win the nomination,” is the phrase heard most often when Washington insiders mention either Donald Trump or Bernie Sanders. Yet as enthusiasm for the bombastic billionaire and the socialist senior continues to build within each party, the political establishment is mystified. Political insiders don’t see that the biggest…
By Robert Reich – President Obama is said to be considering an executive order requiring federal contractors to disclose their political spending. He should sign it immediately. But he should go further and ban all political spending by federal contractors that receive more than half their revenues from government. Ever since the Supreme Court’s shameful…
By Robert Reich – One big reason America was far more equal in the 1950s and 1960s than now is unions were stronger then. That gave workers bargaining power to get a fair share of the economy’s gains – and unions helped improve wages and working conditions for everyone. But as union membership has weakened…
By Robert Reich – Have we learned nothing from thirty years of failed trickle-down economics? By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us get shafted. The Reagan and George W. Bush tax cuts of 1981, 2001, and 2003, respectively, were sold to…
Eschew Obfuscation – By Michael Douglass – International trade deals are always notorious in the rear view mirror of globalization. Bill Clinton’s legacy will forever be jaundiced by two things, a blow job and NAFTA. That blow job didn’t usher in the atrophy of the American middle class. So exactly why is this president deliberately…
By Robert Reich – These days it’s not unusual for someone on the way to work to receive a text message from her employer saying she’s not needed right then. Although she’s already found someone to pick up her kid from school and arranged for childcare, the work is no longer available and she won’t…
By Robert Reich – Not long ago I was asked to speak to a religious congregation about widening inequality. Shortly before I began, the head of the congregation asked that I not advocate raising taxes on the wealthy. He said he didn’t want to antagonize certain wealthy congregants on whose generosity the congregation depended. I…
By Robert Reich – It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Kodak, the iconic American photography company, had 145,000 employees. In 2012, Kodak filed for bankruptcy. The same year Kodak went under,…
By Robert Reich – GM is worth around $60 billion, and has over 200,000 employees. Its front-line workers earn from $19 to $28.50 an hour, with benefits. Uber is estimated to be worth some $40 billion, and has 850 employees. Uber also has over 163,000 drivers (as of December – the number is expected to…
By Robert Reich – Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1 percent. The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and wages. This is pretty…
