Economy

Greenfield, Mass. (Special to Informed Comment) – On Tax Day, there’s more than one elephant in the room, and they’re all in mansions. Elephants occupy the bulging mansions of 657 American billionaires, 43 of them new this past pandemic year. Their combined wealth soared to $4.2 trillion – up $1.3 trillion – between March 21, […]

Banking

An Open Letter to Senator Joe Manchin: Stop worrying about Inflation and Focus on Keeping Hurting Workers Afloat

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Dear Senator Manchin; Corporate media now portray you as on of the most powerful politicians in DC. Hard bargaining on the amount and length of unemployment insurance chopped 100 dollars a week off the compensation workers will receive. This compromise, which you defended on the grounds it […]

Employment

Making America more Equal . . . by Rebuilding the Country

Nomi Prins

(Tomdispatch.com ) – During the Trump years, the phrase “Infrastructure Week” rang out as a sort of Groundhog Day-style punchline. What began in June 2017 as a failed effort by The Donald’s White House and a Republican Senate to focus on the desperately needed rebuilding of American infrastructure morphed into a meme and a running […]

Coal

As Solar, Wind costs Plummet, Coal, Gas vastly Over-priced in Bubble that could Burst worse than 2008

Juan Cole

Ann Arbor (Informed Comment) – A new report by RethinkX, a think tank using the ideas of Tony Seba, who teaches Business at Stanford University, demonstrates that the value of fossil fuels and of the electric plants they fuel is vastly overstated by government agencies and financial analysts. Seba and his colleagues point out that […]

Employment

Can Biden-Harris make a Counter-Revolution against Reaganism and Restore Dignity to Work?

Rebecca Gordon

( Tomdispatch.com ) – A year ago, just a few weeks before San Francisco locked itself down for the pandemic, I fell deeply in love with a 50-year-old. The object of my desire was a wooden floor loom in the window of my local thrift shop. Friends knowledgeable on such matters examined photos I took […]

Employment

The Decades-Long Struggle Over Big Corporations and Poverty Wages

Inequality.org

By Phil Mattera | – ( Inequality.org ) – The Senate Parliamentarian dealt a strong blow to the Fight for $15 movement by ruling that a federal minimum wage increase could be included in the stimulus bill. Senator Bernie Sanders is pushing back with an amendment to take tax deductions away from large, profitable corporations […]

Epidemics

Rich Nations are Getting Vaccines, Poor Countries Not: Which is a Big Danger to Rich Countries

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Our commercial media have followed the ups and downs of the vaccine roll out in the United States even as much less attention is devoted to the experience of poor nations. Pundits and TV anchors periodically acknowledge that lethal viruses don’t respect borders but seldom discuss the […]

Inequality

If We Want to Renew Democracy, We Need to Tax the Ultra-Wealthy

Inequality.org

By Madeleine Johnsson | – ( Inequality.org ) – Sen. Elizabeth Warren and Rep. Pramila Jayapal’s Ultra-Millionaire Tax Act of 2021, introduced March 1, could not be a more timely reminder that the United States needs serious policy changes to address massive wealth and income inequality. While eight million Americans slipped into poverty and half […]

Arms Sales

Failing Upward: Pentagon’s more and more Expensive Boondoggles (that don’t even work)

William J. Astore

( Tomdispatch.com) – Cancel culture is a common, almost viral, term in political and social discourse these days. Basically, somebody expresses views considered to be outrageous or vile or racist or otherwise insensitive and inappropriate. In response, that person is “canceled,” perhaps losing a job or otherwise sidelined and silenced. In being deplatformed by Twitter, […]