Poverty

By Gordon Walker | – An unprecedented cold wave in the US state of Texas recently left several million households without power for days on end, as temperatures dropped well below freezing. Dozens of people died from hypothermia, car crashes, house fires or carbon monoxide poisoning from running cars or generators simply to keep warm. […]

Epidemics

Covid-19 Demonstrated How This Country Fails Its Most Vulnerable: A Field Guide to Our Threadbare Social Safety Net

Rajan Menon

( Tomdispatch.com) – Economic crises shine a spotlight on a society’s inequities and hierarchies, as well as its commitment to support those who are most vulnerable in such grievous moments. The calamity created by Covid-19 is no exception. The economic fallout from that pandemic has tested the nation’s social safety net as never before. Between […]

Featured

Ted Cruz vacationing in Cancun while millions freeze is par for the Course for the US Filthy Rich and their G.O.P Lapdogs

Juan Cole

Ann Arbor (Informed Comment) – Sen. Ted Cruz abandoning Texas to its fate, with millions suffering without power, to go off on a vacation in Cancun, Mexico, is the perfect metaphor for America in the age of monopoly capital. After all, many American corporations have taken a prolonged tax holiday in the Caribbean. Some 18 […]

Development

Yes we need the $1.9 Trillion Stimulus: Real Unemployment is 3 times what they’re telling us

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – As Congress gets set to debate the Biden Pandemic relief package, one of the favorite Republican lines is the contention that an economic recovery is already well underway. Pouring more money into an accelerating economy is likely to induce seventies style inflation. It is time, they argue, […]

Inequality

The Gamestop Affair shows that America is over-financialized and needs a tax on speculation

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – It would be unfair to suggest that the titans of Wall Street are oblivious to poverty. One of their central themes is the role that financial literacy can play in teaching citizens how wealth is acquired and maintained. In their worldview saving and investing in the stock […]

Arab Spring

Failures of Democracy in America and the Arab Spring

Juan Cole

Ann Arbor (Informed Comment) – Today is ten years since Egyptian youth gathered in Tahrir Square in downtown Cairo demanding the resignation of Egypt’s brutal and corrupt Interior Minister, Habib Adly. Even those who called for the rally were surprised by the thousands of youth and workers that showed up, on Egypt’s Police Day, and […]

Employment

Can Biden’s $15/ hr Minimum Wage begin restoring Working Class trust?

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Watch CNN almost any time lately and one is inundated with scenes of the lethal riots in the Capitol. And in an era when every man or woman is their own video journalist new and often terrifying footage is released on a continuing basis. Along with footage […]

Congress

McConnell Cynically used the Trump-Monster to get Tax Cuts and SCOTUS, Now Dropping him like a Squeezed Orange

Juan Cole

Ann Arbor (Informed Comment) – In Chapter 7 of F. Scott Fitzgerald’s The Great Gatsby, the enormously wealthy Jay Gatsby becomes concerned about word getting out that he is having an affair with Daisy, who is married to Tom, and abruptly stops having the big parties he had been throwing, to which assorted society flotsam […]

Banking

Letting the Markets go Wild while the People Go Down: A War of the Worlds

Tomdispatch

By Nomi Prins | – ( Tomdispatch.com ) – Sometimes things only make sense when seen through a magnifying lens. As it happens, I’m thinking about reality, the very American and global reality clearly repeating itself as 2021 begins. We all know, of course, that we’re living through a once-in-a-century-style pandemic; that millions of people […]