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United StatesArticles of Interest
On the day President Obama signed the Affordable Care Act into law, an exuberant Vice President Biden famously pronounced the reform a “big something deal” — except that he didn’t use the word “something.” And he was right.Read more »
By Sen. Bernie Sanders, Reader Supported News
Despite such terminology as "fiscal cliff" and "debt ceiling," the great debate taking place in Washington now has relatively little to do with financial issues. It is all about ideology. It is all about economic winners and losers in American society. It is all about the power of Big Money. It is all about the soul of America.Read more »
By Joseph E. Stiglitz
NEW YORK – In the shadow of the euro crisis and America’s fiscal cliff, it is easy to ignore the global economy’s long-term problems. But, while we focus on immediate concerns, they continue to fester, and we overlook them at our peril.Read more »
By Robert Reich, Robert Reich's Blog
It has become accepted economic wisdom, uttered with deadpan certainty by policy pundits and budget scolds on both sides of the aisle, that the only way to get control over America's looming deficits is to "reform entitlements."
But the accepted wisdom is wrong.
Start with the statistics Republicans trot out at the slightest provocation - federal budget data showing a huge spike in direct payments to individuals since the start of 2009, shooting up by almost $600 billion, a 32 percent increase.Read more »
By Robert Redford, Reader Supported News
The wake up call that Hurricane Sandy gave us was but one of many just in the last year. We can see that climate change is happening all around the country after the wildfires, droughts, floods and violent storms of 2012. So when President Obama said it was time to deal with global warming in his victory speech, that made perfect sense.
Why then would one of the first decisions after the election be to ignore the climate impacts of one of the dirtiest energy projects out there? That doesn't make any sense.Read more »
By PAUL KRUGMAN
San Diego
It’s that time again: the annual meeting of the American Economic Association and affiliates, a sort of medieval fair that serves as a marketplace for bodies (newly minted Ph.D.’s in search of jobs), books and ideas. And this year, as in past meetings, there is one theme dominating discussion: the ongoing economic crisis.Read more »
By Mike Lux - Huffington Post.Read more »
By Robert Reich, Robert Reich's Blog
The news today from the Bureau of Labor Statistics is that the U.S. job market is treading water. The number of new jobs created in December (155,000), and percent unemployment (7.
, were the same as the revised numbers for November.
Also, about the same number of people are looking for work (12.2 million), with additional millions too discouraged even to look.
Put simply, we're a very long way from the job growth we need to get out of the gravitational pull of the Great Recession. That would be at least 300,000 new jobs per month.Read more »
By Larry Margasak, Associated Press
New York area-lawmakers in both parties erupted in anger late Tuesday night after learning the House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.
Rep. Peter King, R-N.Y., said he was told by the office of Majority Leader Eric Cantor of Virginia that Speaker John Boehner of Ohio had decided to abandon a vote this session.Read more »
By Eric Hananoki, Media MattersRead more »
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