Recession Mongers Shocked & Horrified by This Surge in Employment
Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.
Read more...Category Archives: Income disparity
Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders
Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.
Read more...Why It’s Essential for Congress to Reauthorize Trade Adjustment Assistance
Workers attest that the Trade Adjustment Assistance has helped them move into new careers when employers offshore jobs. Will it be cut?
Read more...Truss and Sunak’s Reheated Thatcherism Is the Last Thing the UK Needs
Truss and Sunak treat the Iron Lady as their muse, while Labour touts another flavor of neoliberalism, that of Tony Blair.
Read more...Michael Hudson: American Diplomacy as a Tragic Drama
American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.
Read more...Left in the Dark: The Families Struggling to Survive Fuel Poverty
The future many in the UK and Europe will suffer this winter: having to choose between food and fuel.
Read more...‘True Cost of Aging’ Index Shows Many Seniors Can’t Afford Basic Necessities
Why aging in the US is worse than it ought to be.
Read more...If the Democratic Party Tried to Change, Would its Ecosystem Prevent It?
“Fixing the Democratic Party” is more daunting than most think. Most of the Party’s big-dollar ecosystem exists to keep it just as it is.
Read more...Sri Lanka: Why the Philippines Offers a Warning for What Might Come Next
Could Sri Lanka see the disgraced Rajapaksas return to power, like the Marcos family has in the Philippines?
Read more...Why Workers Are Turning to Unions
Unions are gaining steam….
Read more...‘Crushing News’: Appeals Court Greenlights Georgia’s 6-Week Abortion Ban
The most restrictive abortion law in the US is now in effect, despite its scientifically-dubioius “heatbeat” standard.
Read more...Behind the Crisis in Sri Lanka – How Political and Economic Mismanagement Combined to Plunge Nation into Turmoil
Some background on the escalating crisis in Sri Lanka and what might come next.
Read more...Excluding Insulin From Drug Price Reform a ‘Slap in the Face,’ Advocates Say
Schumer should reinsert insulin price negotiation and a $35 monthly cap on out-of-pocket insulin costs into Democrats reconciliation bill
Read more...Michael Hudson on Finance Capitalism’s Self-Destructive Nature
Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...International Labor Organization Reports on Gig Worker Protest
Platform workers are well networked, with strengthening sinews of solidarity that transcend individual companies. It is also important to note that platform labour protest tends to emerge from the bottom up, particularly in the global South, where such protests are overwhelmingly led by informal groups of workers.
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