Financial Times: “Things Could Fall Apart for Biden”
Even Biden loyalists are getting nervous.
Read more...Category Archives: The destruction of the middle class
DoJ Bankruptcy Trustee Lambastes Provisions to Protect Sacklers in Purdue Bankruptcy Exit Plan as “Illegal”
Feds weigh in on Purdue bankruptcy plan, raising possibility that Sacklers won’t get off more or less scot-free for their role in the opioids crisis.
Read more...Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers
Biden goes after non-compete agreements….but will this effort make a difference?
Read more...Bureau of Labor Statistics (Non) Reporting Tallies 8 Strikes in 2020 Versus Payday Report’s >1200
Tiny Payday Report does the Bureau of Labor Statistics to shame in tracking strikes in 2020. What gives?
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Understanding the Opioid Epidemic: When Innovation Fails, or Rather Works Too Well
The opioid crisis provides a deadly example of why innovation often is simply a new-fangled form of predation.
Read more...Purdue Bankruptcy Plan Moves Closer to Approval: Sacklers Would Make Out Well and Preserve Much of the Family Fortune, Despite the Opioids Crisis
Last week fifteen states dropped opposition to Purdue Pharma’s bankruptcy exit plan, making it likely the plan will be approved when it comes before a federal bankruptcy judge in August.
Read more...An Independence Day Reflection: How the Rich Plan to Rule a Burning World
How do the rich intend to carry on as general conditions deteriorate?
Read more...Yanis Varoufakis: Techno-Feudalism Is Taking Over
Varoufakis describes techno-feudalism and speculates on where it is going.
Read more...Biden Classifies Opposition to ‘Capitalism and Corporate Globalization’ As Extremism
The definition of what extremism amounts to becomes more, erm, inclusive as our elites feel more threatened. What are the possible end games?
Read more...J & J Agrees to Pay New York $230 Million to Settle Opioids Lawsuit; Global Settlement Soon?
New York State and J & J Agree on an opioids settlement, which should increase pressure for a global, multi-state settlement with the opioids industry.
Read more...James Galbraith: China and Supply Chains – The White House Review’s Focus on US Dependence
Despite brave talk about restoring manufacturing in America, extended supply chains and the position of China are insurmountable impediments.
Read more...Unions Demand Pelosi and Schumer Include Lower Medicare Age, Drug Pricing Reform in Infrastructure Plan
Unions urge Biden and Congress to include expanded Medicare eligibility and prescription drug pricing reform in the infrastructure plan.
Read more...Biden Taps Lina Khan to Chair the FTC
Hours after the Senate confirmed her nomination to the FTC, Biden tapped noted Big Tech critic Lina Khan to chair the agency.
Read more...There Is No Labor Shortage, Only Labor Exploitation
Conservatives and corporate employers are weaving an insidious web of myths, lies and exaggerations to justify maintaining low-wage jobs.
Read more...