Inequality

By Charles Hankla | (The Conversation) | – – President Donald Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy. Citing the need to protect national security, he released plans to impose tariffs of 25 percent on foreign steel […]

Donald Trump

Top 5 Economic Disappointments of the Trump Regime (so far)

Juan Cole

By Juan Cole | (Informed Comment) | – – Since Trump has decided that declining to clap for him is a form of treason, and only dictators in banana republics use that sort of diction, perhaps it is time to start speaking of the Trump regime rather than administration. And that regime rode to power […]

Banking

The Great Trump Bubble

Juan Cole

Nomi Prins | ( Tomdispatch.com) | – – There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas from North Korea to Robert Mueller’s Russian investigation, while it already feels like ages since the celebratory mood […]

Inequality

World’s Richest 1% Acquired 82% of Wealth in 2017: Report

Juan Cole

TeleSur | – – Only 42 people own the same amount of wealth as the poorest 50 percent worldwide, the report claimed. Nearly 82 percent of global wealth generated last year went to one percent of the population, while the bottom 50 percent saw no increase at all, according to a new Oxfam report that […]

Economy

The Rise and Fall of America’s Middle Class

contributors

By Jim Hightower | (Otherwords.org) | – – The middle class was built by movements — and can be rebuilt by movements. Ever since 1776, the “common yeoman” — America’s middle class — has been hailed as the virtuous heart and backbone of our nation. How ironic, since it took 150 years before we actually […]

Employment

Tunisia: Austerity Protests roil Birthplace of Arab Spring

contributors

TeleSur | – – Protests have been taking place across the North African country over the past several nights in protest against government austerity measures at the behest of the IMF. At least one person is dead and 200 people have been arrested during several nights of protests in Tunisia, according to The Guardian. Protests […]

Climate Change

When Companies Deny Climate Science, Their Workers Pay

contributors

General Electric doubled down on coal. Now, 12,000 workers are paying the price.

Inequality

Will Americans finally start fighting back against tax cuts for the rich?

contributors

Stephanie Leiser | (The Conversation) | – – The 60 percent of Americans who believe that the GOP tax package will mostly help the wealthiest among us are right, according to an analysis by the Tax Policy Center. But will widespread disapproval translate into political costs or electoral losses for Republicans? Will Americans decide they […]

Inequality

GOP tax plan doubles down on policies that are crushing the middle class

contributors

Steven Pressman | (The Conversation) | – – The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than one’s parents, and retiring in comfort are all hallmarks of a middle-class lifestyle. Contrary to what some may think, however, the […]