ECONOMY

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…

Ambassador Carlos Alzugaray Speaks on US-Cuban Relations at South Alabama

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By Glynn Wilson – MOBILE, Ala. — The United States and Cuba finally have a chance to normalize relations and benefit both countries from the exchange of cultures thanks to the recent announcement by President Barack Obama that the long and tragic trade embargo should be lifted, according to Cuban Ambassador Carlos Alzugaray. He spoke…

We’re All Independent Contractors Now

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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…

Trade Deals Boost the Top 1% and Bust the Rest of Us

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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…

Alabama Political Future Damaged by Labor vs. Environment Split

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The Big Picture – By Glynn Wilson – MOBILE, Ala. — A few years ago, Princeton graduate Charles Scribner with the Black Warrior Riverkeeper in Birmingham saw my coverage of the BlueGreen Good Jobs, Green Jobs conference in Washington, D.C. and sent me an e-mail asking an important question: Do you think it would be…

The New Compassionate Conservatism and Trickle-Down Economics

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By Robert Reich – Jeb Bush and Mitt Romney are zeroing in on inequality as America’s fundamental economic problem. Bush’s new Political Action Committee, called “The Right to Rise,” declares “the income gap is real” but that “only conservative principles can solve it.” Mitt Romney likewise promised last week that if he runs for president…

Why Wages Won’t Rise

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By Robert Reich – Jobs are coming back, but pay isn’t. The median wage is still below where it was before the Great Recession. Last month, average pay actually fell. What’s going on? It used to be that as unemployment dropped, employers had to pay more to attract or keep the workers they needed. That’s…

Draconian Neoliberalism: International and Domestic

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By Heather Gray – ATLANTA, Ga. — With the new Republican Congress being seated in January 2015 there is no doubt that there will be efforts to further expand neoliberal (politically conservative) policies at the expense of us all. In fact, the political right wing has been trying to erode the government’s “collective” benefits of…

Africatown Residents Oppose Industrial Rezoning for Steel Warehouse

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Planning Commission Denies Rezoning By Glynn Wilson – MOBILE, Ala. — More than 140 residents of Africatown turned out at a town hall public meeting Tuesday night to oppose an industrial rezoning that would open the way for a steel storage warehouse right across the street from a proposed tar sands crude oil tank city…

Africatown’s Hog Bayou At Risk From Industry, Again

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Africatown News – By Joe Womack – The historical value of Africatown’s Hog Bayou was carved in stone long before the Oil Barons of the world discovered Africatown’s valuable wetlands. Africatown’s Hog Bayou will forever be known as the place in Mobile where the “African” slaves taught the “American” slaves how to feed themselves and…

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…

Suicide in Alaska and the Republican Empathy Deficit Disorder

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By Robert Reich – Commenting on a recent student suicide at an Alaska high school, Alaska’s Republican Congressman Don Young said suicide didn’t exist in Alaska before “government largesse” gave residents an entitlement mentality. “When people had to work and had to provide and had to keep warm by putting participation in cutting wood and…

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…

Report Shows Fuel Economy Up, Carbon Emissions Down in the U.S.

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By Glynn Wilson – WASHINGTON, D.C. – Due to federal regulations, like it or not, automobile fuel economy has hit an all time high in the United States, while carbon dioxide emissions are now at a record low, according to a report from the Environmental Protection Agency. Model year 2013 vehicles achieved an average of…

Why We Allow Big Pharma to Rip Us Off

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By Robert Reich – According to a new federal database put online last week, pharmaceutical companies and device makers paid doctors some $380 million in speaking and consulting fees over a five-month period in 2013. Some doctors received over half a million dollars each, and others got millions of dollars in royalties from products they…

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…

Raising Most People’s Wages

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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…