Employment

Ann Arbor (Informed Comment) – It is a sad Labor Day, in the shadow of the Trump Pandemic. Over a fourth of workers are afraid of losing their jobs because of the pandemic, up from 15% last year this time, according to Gallup. That is, the anxiety over joblessness has almost doubled. Many are much […]

Donald Trump

How Trump brought us 11.1% Unemployment, lost Manufacturing Jobs, worsened Trade Deficits and Kowtowed to China

Juan Cole

Ann Arbor (Informed Comment) – Trump supporters often acknowledge that Trump’s personal style puts them off, but that they like his economic program. They agree that the trade deficit with China is too high and that the US should not let its manufacturing sector dwindle. The problem is that Trump’s rhetoric on those issues, like […]

Employment

Will Beirut’s Port Explosion and Economic Crisis Spur Mass Migration from Lebanon?

The Conversation

By Hannes Baumann | – The explosion that tore through Beirut on Tuesday August 4 was so strong that shockwaves were felt on the island of Cyprus, over 200 kilometres away. At least 135 people were killed and 5,000 injured in the blast. Such devastation would be difficult to deal with at the best of […]

Employment

Political Suicide: GOP Senators holding up Stimulus are Retarding Recovery in Election Year

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Be thankful for small favors. When the Covid-19 depression hit like a brick, almost no one advocated austerity as a cure. For the first time since Richard Nixon proclaimed that we are all Keynesians, budget deficits and a burgeoning national debt were accepted as crucial to mitigate […]

Employment

The 1%’s attack on Unemployment Benefits is a Sign of our Broken Democracy

Inequality.org

By Adam Shah | – ( Inequality.org ) – Members of the One Percent, such as former restaurateur Andrew Puzder, have urged Congress to not renew the $600 a week unemployment supplement Congress enacted as part of the CARES Act. They argue, in Puzder’s words, that “this $600 per week bonus is discouraging work” for […]

Donald Trump

How Trump broke America: Economy plummets historic 33%, Covid Deaths at 1500/ day, and 40 mn could lose Homes

Juan Cole

Ann Arbor (Informed Comment) – Trump’s refusal last winter to pull out all the stops to mount an effective national coronavirus response has broken the legs of America. On Wednesday, over 1500 coronavirus deaths were reported nationwide, a tally not seen since May. Over 150,000 Americans have died of the disease, and the prospect is […]

China

GOP Death Cult Forbids Mandatory Masks, Keeping US in Crisis, as China Grows 3.2%

Juan Cole

Ann Arbor (Informed Comment) – Georgia governor Brian Kemp, one of the worst and most corrupt people in the world, is attempting to prevent municipalities in Georgia from fining people for refusing to wear masks to prevent the spread of the coronavirus. He is suing Atlanta over it. The question is not whether his obstructionism […]

Employment

Amid Pandemic and BLM Protests, Why Minimum Wage Must be Defended and Expanded

John Buell

You can’t fault them for lack of effort. Having lost a series of political, legislative, and legal battles to defeat minimum wage increases in cities and states all across the nation, business lobbies are turning to an innovative strategy.. Covid-19 leaves businesses so burdened as to be unable to meet the costs entailed by a […]

Employment

To address Systemic Racism, we Must Focus on the Economy

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Hate crimes are still too prevalent, but there is a widespread consensus behind efforts to root them out. More recently the concept of systemic racism has come to the fore. Though definitions have not been universally accepted, I take it to mean any set of widely held […]