Employment

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 […]

Employment

Organizing the Rich or the Poor? Which America Will Be Ours After the Pandemic?

Tomdispatch

By Liz Theoharis | – ( Tomdispatch.com ) – In the summer of 1995, when I was 18, I started visiting Tent City, a temporary encampment in an abandoned lot in northeast Philadelphia. About 40 families had taken up residence in tents, shacks, and other makeshift structures. Among them were people of various races, ages, […]

Banking

The Great Depression, Coronavirus Style: Crashes, Then and Now

Nomi Prins

(Tomdispatch.com) – Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the 2008 financial crisis that sent inequality soaring to new heights in this country are still with us, it’s become abundantly clear that the economic disaster brought on by […]

Banking

Is Mitch McConnell Blocking further Congressional Aid to States on Behalf of Vulture Funds and Corporations with Impunity?

John Buell

Has the Senate Majority Leader lost his faith in the wisdom and predictability of markets? Crude partisanship may underlie his reluctance to enact further Covid Depression relief assistance, but the reason given was extraordinary. The Senator professed a desire to wait for the effects of the first relief package to become apparent. “I think we […]

Employment

Not much of a Safety Net: Millions of Americans lost their Health Care and Apartments when COVID-19 Took their Jobs

The Conversation

By Paul Shafer | – The United States is experiencing its steepest economic slide in modern history. Tens of millions of Americans have filed new unemployment claims as the coronavirus shutters businesses and forces companies to lay off staff. People need support to help them through the crisis in a few key ways – cash […]

Donald Trump

Why Unemployment under Trump is way worse than even the Depression-Era Numbers Suggest

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Friday May 8 unemployment statistics were as dire as many had expected. The US Department of Labor released an unemployment rate for April of 14.7%, the worst since the Great Depression and far surpassing the worst days of the Great Recession. In light of these numbers it […]

Donald Trump

Unionize! Trump has coerced Workers at Covid-19 Hot Spot Meat Packing Plants into Front Lines

John Buell

Southwest Harbor, Me. (Special to Informed Comment) – Should we be surprised that Smithfield[s pork processing plant in Sioux Falls, South Dakota was a hotspot for the Covid19 virus? No, and here is another no brainer. There are many such hotspots among meat processing plants around the US. How we handle such facts will affect […]

Donald Trump

How Trump is making the Coming Great Recession even more Massive

Reese Erlich

San Francisco (48hills.org) – The current recession was triggered by the COVID-19 pandemic. But after 11 years of economic boom, a capitalist bust was inevitable. And it’s being made worse by the Trump Administration’s blunders. Meanwhile socialist China, despite very real problems, is effectively combating the pandemic and starting an economic recovery. Here in the […]