The destruction of the middle class Archives - Page 123 of 191

What Influence Does Wall Street Have Over Candidates Clinton and Sanders?

Clinton plays with figures to understate her degree of Wall Street campaign support, and that ignores past support to the Clinton Foundation.

U.S. Corporations Don’t Need Tax Breaks on Foreign Profits

Why a proposal to lower the tax rate on corporate funds that are “offshore” only from a tax perspective is just another corporate gimmie.

The Predictability of Political Extremism

What’s at stake: The rise of the extreme right in the latest French election has mostly been treated as surprising or reflecting special circumstances like the November 13 Paris attacks. But a large literature linking extreme right votes to persisting depressed economic conditions suggests that longer run factors are at play.

The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy

How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?

Call this an exercise in twisted logic, plain and simple.

Matias Vernego: Neoliberalism Resurgent: What to Expect in Argentina after Macri’s Victory

The election of businessman Mauricio Macri to the presidency in Argentina signals a rightward turn in the country and, perhaps, in South America more generally. Macri, the candidate of the right-wing Compromiso para el cambio (Commitment to Change) party, defeated Buenos Aires province governor Daniel Scioli (the Peronist party candidate) in November’s runoff election, by less than 3% of the vote.

Matthew Cunningham-Cook: How the Christie Stole New Jersey Local Government Workers’ COLA

A vignette of how pensioners are being shafted by being denied their COLA, or cost of living increase. In New Jersey, this looks to be a transfer to Wall Street.

Demise of the US Middle Class Now Official

A study by Pew gives a new look at the fall of the middle class and how the accompanying rise in income stratification is playing out.

The Importance of Wealth Concentration and Why It is So Difficult to Measure

As bad as available data says wealth concentration is, it is probably even worse.

“Failed: What the ‘Experts’ Got Wrong about the Global Economy”

An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.

Tom Ferguson: Who is Supporting Trump?

Our favorite curmudgeon, political scientist Tom Ferguson, appeared on Real News Network to tease some signal out of the considerable noise on Donald Trump.

From G20 to Labour20

Labour20 set forth important goals not just for labor but for the economy and broader society. But does organized labor have the credibility to promote these aims?