On Friday, April 1, Amazon—America’s wealthiest, most powerful, and fiercest anti-union corporation, with the second-largest workforce in the nation (union-busting Walmart being the largest), lost out to a group of warehouse workers in New York who voted to form a union. Continue reading →
Earlier this month, the Supreme Court overturned a lower court’s ruling and allowed Alabama’s egregious gerrymandered Congressional map to remain in place. Continue reading →
Inflation! Inflation! Everyone’s talking about it, but ignoring one of its biggest causes: corporate concentration. Continue reading →
The January jobs report from the Labor Department is heightening fears that a so-called “tight” labor market is fueling inflation, and therefore the Fed must put on the brakes by raising interest rates. Continue reading →
Friday’s jobs report from the Department of Labor was a warning sign about the US economy. It should cause widespread concern about the Fed’s plans to raise interest rates to control inflation. And it should cause policymakers to rethink ending government supports such as extended unemployment insurance and the child tax credit. These will soon be needed to keep millions of families afloat. Continue reading →
Last week, the Fed’s policy committee announced it would both end its bond-buying program and likely raise interest rates sooner than had been expected. “Inflation is more persistent and higher, and that the risk of it remaining higher for longer has grown,” Fed chair Jerome Powell explained. Continue reading →
Joe Manchin, Republicans, and the Supreme Court are shafting working Americans.
The next ten days may well offer the last opportunity to enact Biden’s agenda, because once Congress returns from Christmas break it’s the new year—which is a danger zone for new legislation. Even when Democrats control all three branches—as they do now and did during first two years of Obama and Clinton—the second year is perilous because of the overwhelming gravitational pull of the midterm elections (I have a searing memory of Bill Clinton unable to summon a Democratic majority in 1994 for his healthcare bill). Continue reading →
The biggest culprit for rising prices that’s not being talked about is the increasing economic concentration of the American economy in the hands of a relative few giant big corporations with the power to raise prices. Continue reading →
Skyrocketing wealth inequality isn’t just wrong. It’s also weakening our economy. Continue reading →
The former president’s attempted coup is not stopping. He still refuses to concede and continues to rile up supporters with his bogus claim that the 2020 election was stolen. Tens of millions of Americans believe him. Continue reading →
The real reason Congress gets nothing done
Posted on April 29, 2022 by Robert Reich
Why doesn’t Congress get anything done? Well, one chamber actually does. Hundreds of bills have been passed by the House of Representatives, but have been blocked from even getting a vote in the Senate. Continue reading →