Economy

Dear National Public Radio: The Stock Market is not the Economy– Tell us about Hunger and the Real Unemployment Rate

Southwest Harbor, Maine (Special to Informed Comment) – I have a pet peeve with NPR. Why do so many of its top- of- the- hour five minute newscasts begin and end with short stock market updates? Is there no more important factoid its news editors could be passing along to us? NPR likes to portray […]

Inequality

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

ProPublica

By Jesse Eisinger, Jeff Ernsthausen and Paul Kiel | – The Secret IRS Files ( ProPublica) – Inside the Tax Records of the .001% In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, […]

Epidemics

Lest we Forget: Trump’s and Billionaires’ Covid Profiteering, Debasing Science and Death on the scale of the Civil War

Tomdispatch

By Nina Burleigh | – ( Tomdispatch.com) – Now that we’re all unmasking and the economy seems set to roar into the 2020s, what will we remember about how disastrously, how malignantly, the Trump administration behaved as the pandemic took hold? And will anyone be held to account for it? The instinct to forget pandemics, […]

Inequality

Biden’s modest corporate tax increases to fund public infrastructure projects are wildly popular — except among CEOs

Jim Hightower

By Jim Hightower ( Otherwords.org) – “Outrageous,” screeched the U.S. Chamber of Commerce. “It doesn’t feel fair,” whimpered a top corporate executive. The wailing by those who run corporate America is not for the plight of the workaday families who’ve seen their incomes stagnate and even plummet to zero during the pandemic. Rather, this chorus […]

Employment

On How there is no Restaurant Worker Shortage, only a Shortage of Safe Jobs with Adequate Pay

John Buell

From the earliest days of the Pandemic relief initiatives business lobbies and conservative pundits have griped about the $600 Federal Unemployment Insurance supplement. They complained that combined state and federal programs would give many employed workers more income than they received in their current jobs. Workers would have an incentive to stay home to sit […]

Banking

Let Lebanon be Lebanon: Paris should Stop Threatening Beirut with EU Sanctions

John Hickman

John Hickman “Governing Lebanon is surely more daunting than governing France.”[1] That pearl of wisdom in an essay defending consociational democracy by University of Pennsylvania political scientist Brendan O’Leary has never been more accurate. A delicate balance of domestic interests with institutional vetoes at the best of times, Lebanese politics has been stalemated for months […]

Plutocracy

How global tax dodging costs lives: new research shows a direct link to increased death rates

The Conversation

By Bernadette O’Hare and Stephen Hall | – Tax abuse is an expensive business. According to a recent report by the Tax Justice Network, avoiding or evading tax deprives governments across the world of around US$427 billion (£302 billion) every year. This is money that could otherwise be spent on things like clean water, sanitation, […]

Demographic Decline

For Greying Geriatric Wealthy Countries, Immigrants are the Solution, not a “Crisis”

John Feffer

( Foreign Policy in Focus) – Germany faces a major crisis. The German birth rate is considerably below what’s needed to replace the population. German seniors, meanwhile, are living longer and drawing more on state resources for their pensions and health care. There are basically two ways out of this demographic crisis. First of all, […]

Employment

Congress needs to pass Labor Laws Protecting Union Drives and right to Strike

OtherWords

By Rebekah Entralgo | – ( Otherwords.org) – Following one of the most high-profile union votes in history, workers at an Amazon warehouse in Bessemer, Alabama ultimately rejected efforts to form a union. But for labor advocates, this fight is far from over. “The Amazon workers who voted for a union in Bessemer are already […]