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Tag: Economy

The Real Problem With Dave Chappelle’s Transphobic Jokes


The comedian’s Netflix show is generating criticism; the president had a crash course in how government works; and economists are exploring rising mortality rates among middle-aged white Americans.

Posted on Mar 26, 2017 READ MORE
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The Dirty Secrets of the Global Hair Trade


Supplying the rich with hair from poor women and children is not “meeting a need” but creating a demand.

Posted on Mar 22, 2017 READ MORE

The Culture of Cruelty in Trump’s America


The repressive state and market apparatus of the 19th century have returned with a vengeance, producing new levels of aggression and violence in U.S. society.

Posted on Mar 22, 2017 READ MORE

Trump’s Budget Proposal Underscores His Lack of Concern Over Climate Change


If anything, proposed cutbacks to environmental programs are more extensive than expected.

Posted on Mar 22, 2017 READ MORE

John Oliver Uses the President’s Own Words to Show That the Trump Budget Is a Bad Deal (Video)

The “Last Week Tonight” host critiques the proposed budget by reading from “The Art of the Deal.”

Posted on Mar 20, 2017 WATCH & LISTEN

A Last Chance for Resistance


Unless we act now, Americans will remember 2017 as the year their naive belief in the recovery of democracy died under the heel of despotism.

Posted on Mar 19, 2017 READ MORE

U.S. Pressures Group of 20 Into Dropping Climate-Change Reference From Joint Statement


Finance ministers of the world’s leading economies, defying German leadership, have removed a clause about funding, a G-20 official tells Reuters.

Posted on Mar 19, 2017 READ MORE

Rising Above Racism Is Imperative for Human Societies


Scapegoating immigrants absolves the true culprits—neoliberal capitalism and corporate greed—from blame. But this is too simplistic.

Posted on Mar 16, 2017 READ MORE

Pages From Trump’s 2005 Tax Return Make News, With Fanfare to Spare (Video)


It took nearly a half hour on her Tuesday night telecast, but MSNBC’s Rachel Maddow eventually relayed the news she’d hinted about ahead of time.

Posted on Mar 14, 2017 READ MORE

Snapchat’s Hometown Protests Company’s Presence


Snap Inc. just had a profitable first day trading on the stock market, but one Southern California neighborhood is fighting the gentrification that comes with hosting a tech giant.

Posted on Mar 3, 2017 READ MORE

Exposing the Myth of the American Dream (Video)

A new two-part video documentary reveals the divided nature of the United States—and the dissatisfaction with corporate power.

Posted on Feb 28, 2017 WATCH & LISTEN

Republicans Launch Bicameral Salvos Against Wall Street Watchdog


Legislation introduced by Sen. Ted Cruz and Rep. John Ratcliffe would kill the Consumer Financial Protection Bureau.

Posted on Feb 15, 2017 READ MORE

Why Are My Highly Educated Friends so Ignorant About Trade?


Many young people understand next to nothing about one of the most important issues the world faces.

Posted on Feb 11, 2017 READ MORE

Democrats Jump the Gun in Accusing Trump Administration of Easing Russian Sanctions


Although top Democrats criticized the president for revising sanctions, a change announced Thursday was common protocol.

Posted on Feb 3, 2017 READ MORE

‘Spectacular Betrayal’ as Trump Rolls Back Wall Street Regulations


The president is set to scale back the 2010 Dodd-Frank financial-overhaul law and roll back an Obama-era financial regulation.

Posted on Feb 3, 2017 READ MORE

Trump Can’t Make America Great Again Without Immigrants (Video)


People like Donald Trump strategist Steve Bannon are doomed to disappointment if they think white birthrates can fuel the country’s economic growth.

Posted on Feb 1, 2017 READ MORE

From Tweet to Trade War? Trump Upends U.S.-Mexico Relations


It takes the president less than a week to create a major rift with one of the nation’s neighbors and chief trading partners.

Posted on Jan 26, 2017 READ MORE

We Were Warned About Barack Obama—by Obama Himself


The 44th president’s service to the rich and powerful was foretold, and not just by leftist “carpers.” This is history that matters.

Posted on Jan 16, 2017 READ MORE

Billionaire Carl Icahn Will Lead Trump’s ‘Deregulatory Charge,’ Consumer Advocate Says


Robert Weissman, president of the group Public Citizen, declares that Icahn “epitomizes predatory corporate capitalism.”

Posted on Dec 22, 2016 READ MORE

Donald Trump’s ‘Half-Blind’ Trust Scheme Is Called Absurd


The president-elect’s creative solutions for staying in the financial loop while seeming to keep his distance once again are drawing fire from his critics.

Posted on Dec 21, 2016 READ MORE

Why Liberal States Won America’s Tax Experiment (Video)

By Robert Reich / RobertReich.org

For years, conservatives have been telling us that a healthy, business-friendly economy depends on low taxes, few regulations and low wages. Are they right?

Posted on Dec 12, 2016 WATCH & LISTEN

Carrier









Posted on Dec 11, 2016 ENLARGE

How the Twinkie Provides a Blueprint for Amassing Wealth


Highlighting a deal involving Hostess, the company known for its sweet baked treats, an investigation by The New York Times shows how private-equity executives expanded their fortunes.

Posted on Dec 10, 2016 READ MORE

The Art of the Trump Deal Is to Use Sticks and Carrots to Get Big Corporations to Do What He Wants


Don’t be fooled into thinking Trump is being guided by anything other than his own random, autocratic whims.

Posted on Dec 7, 2016 READ MORE

Jobs









Posted on Dec 5, 2016 ENLARGE

Trump Almost Certainly Will Violate the Constitution if He Continues to Own His Businesses


The meaning of the Emoluments Clause is fairly clear. And it all goes back to a diamond-encrusted snuffbox Ben Franklin received from Louis XVI.

Posted on Dec 4, 2016 READ MORE

Trump’s Trickle-Down Populism


The president-elect has shown no interest in changing rules that for more than three decades have imposed unrelenting pressure on American companies to cut their payrolls by shipping jobs abroad or replacing them with automated machinery.

Posted on Dec 3, 2016 READ MORE

Advisor Kushner









Posted on Nov 22, 2016 ENLARGE

Safety Net









Posted on Nov 17, 2016 ENLARGE

Elizabeth Warren: Democracy Demands That We Work Together on America’s Agenda

The Massachusetts senator is ready to help President-elect Trump rebuild the U.S. economy. But if Republicans attempt to remove Wall Street regulations or gut the Consumer Financial Protection Bureau, she will fight them.

Posted on Nov 11, 2016 WATCH & LISTEN

‘On Contact’: Chris Hedges and David Cay Johnston Examine Our ‘Rigged’ Tax System

The journalists discuss how the superrich—including Republican presidential nominee Donald Trump—take advantage of America’s tax laws.

Posted on Oct 18, 2016 WATCH & LISTEN

The Empire Strikes Back


U.S. imperialism and vicious corporate exploitation have returned to Latin America, and the region’s populist governments and movements are broken or in disarray. The defeat of the Latin American left is our defeat.

Posted on Oct 2, 2016 READ MORE

Why We’ll Definitely Need a Universal Basic Income (Video)


As new technologies replace work, the question for the future is how best to provide economic security for all.

Posted on Oct 2, 2016 READ MORE

How the Override of the Veto of the 9/11 Lawsuit Bill Could Come Back to Bite Americans


President Obama vetoed the Justice Against Sponsors of Terrorism Act, but Congress has for the first time in his presidency over-ridden his veto. This is a disastrous law with potentially ruinous effects on the U.S. economy and U.S. policy.

Posted on Sep 29, 2016 READ MORE

Cast Your Vote: Which Corporation Most Deserves a Boycott?


Truthdig readers zeroed in on the negative effects of capitalism this week, as demonstrations against racial inequality flared up across the United States. We want to hear from you: Which corporation do you want to target for contributing to neoliberal disasters?

Posted on Sep 27, 2016 READ MORE

It’s Time for Congress to Stop Hollering at CEOs and Actually Take Action


Instead of setting up further rounds of CEO perp walks for the TV cameras, Congress should give the Justice Department and regulatory agencies enough funding to do their jobs.

Posted on Sep 26, 2016 READ MORE

Robert Scheer and Journalist David Cay Johnston Discuss the Duplicity of Trump

Donald Trump’s success is not an accident. It’s the result of a corrupt capitalist system. The author of “The Making of Donald Trump” explains in a conversation with the Truthdig editor in chief.

Posted on Sep 23, 2016 WATCH & LISTEN

New Tales of Wells Fargo









Posted on Sep 23, 2016 ENLARGE

Shaun King Calls for Nationwide Economic Boycott to Protest Racial Inequality


The prominent activist and journalist cites the Montgomery bus boycott as an example the nation needs to follow.

Posted on Sep 23, 2016 READ MORE

Criminal Directions









Posted on Sep 22, 2016 ENLARGE

Wage Gap Between Black and White Americans Is at a 40-Year High


On average, whites make 26.7 percent more than blacks, earning $25.22 an hour, compared with $18.49 for blacks.

Posted on Sep 20, 2016 READ MORE

The Courtiers and the Tyrants


We must not confuse the political elites who function as courtiers to corporate power with the tyrannical leaders who actually drive corporatism. Our real enemy, lurking behind the curtain, is usually faceless and anonymous.

Posted on Sep 18, 2016 READ MORE

Trump’s Yuge Bamboozle


Donald Trump poses as a working-class populist, but his economic plan for the U.S. would be a gusher for the wealthy—and almost nothing would trickle down to anyone else.

Posted on Sep 18, 2016 READ MORE

Why Corporate Tax Deserters Shouldn’t Get the Benefits of Being American Corporations (Video)

By Robert Reich / RobertReich.org

Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes. It’s just another form of corporate desertion.

Posted on Sep 14, 2016 WATCH & LISTEN

Dummy Accounts









Posted on Sep 10, 2016 ENLARGE

Wages Took a Rare Decline in First Quarter


January through March, the average weekly wage in the U.S. fell 0.5 percent from last year—just the seventh such annual decline dating back to 1978, according to the U.S. Labor Department.

Posted on Sep 8, 2016 READ MORE

Why Are Private Equity Titans Giving All Their Campaign Money to Hillary Clinton?


The Democratic candidate has gone even further than Donald Trump in promising to kill a tax break that benefits some of the wealthiest people in finance, and yet she is receiving all of the private equity industry’s support.

Posted on Sep 8, 2016 READ MORE

One Big Bill Clinton Campaign Promise That a President Hillary Should Finally Keep


If elected, Hillary Clinton should fulfill a pledge of her husband’s that fell through when he got to the White House: Bar companies from taking tax deductions on executive pay above $1 million.

Posted on Sep 8, 2016 READ MORE

Working-Class Struggles in Southern California Symbolize Blue-Collar Blues Across America


Far from the noise of the Donald Trump-Hillary Clinton brawl are painful examples of what this presidential campaign should be about: people struggling to raise their families out of poverty, send their kids to school and survive day to day.

Posted on Sep 7, 2016 READ MORE

A Message to Working People From a Former Labor Secretary


Your typical wage is below what it was in the late 1970s, in terms of what it can buy. Yet the American economy is twice as large as it was back then.

Posted on Sep 6, 2016 READ MORE

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