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Op-Ed Columnist: Money and Morals

Thu, 09 Feb 2012 00:00:00 -0800

New York Times - By Paul Krugman, New York Times - Feb. 09 (Opinion) - Conservatives have started telling us that the growing inequality is about a decline in morals. But it’s mainly about money.

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Op-Ed Columnist: Things Are Not O.K.

Sun, 05 Feb 2012 00:00:00 -0800

New York Times - By Paul Krugman - Feb. 05 (Opinion) - The unemployment report was genuinely good, but there’s a downside: the calls to stop focusing on job creation.

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THE BIG LIE: “Rich People Create Jobs”

Fri, 03 Feb 2012 00:00:00 -0800

finance.yahoo.com - By Nick Hanauer - Feb. 03 (Opinion) - theory is often used to justify very low taxes on investors and high-income earners, under the theory that such folks have to be given an incentive to "create jobs." But the trouble with the theory, says Nick Hanauer, is that it's just wrong.

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Unions Shocked By American Airlines Proposed Cuts

Thu, 02 Feb 2012 00:00:00 -0800

All Things Considered - By Wade Goodwyn - Feb. 02 (News Report) - American Airlines is looking to cut 13,00 jobs as part of a restructuring. The company — which is in bankruptcy — also wants to reduce salaries by 20 percent and end its pension plan.

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2012: The Year of the Cooperative

Thu, 02 Feb 2012 00:00:00 -0800

nationofchange.org - By Jessica Reeder - Feb. 02 (Special Report) - What do coffee growers in Ethiopia, hardware store owners in America, and Basque entrepreneurs have in common? For one thing, many of them belong to cooperatives. By pooling their money and resources, and voting democratically on how those resources will be used, they can compete in business and reinvest the benefits in their communities.

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6 Shocking Ways Capitalism Is Failing Working America

Wed, 01 Feb 2012 00:00:00 -0800

AlterNet - By Les Leopold - Feb. 01 (News Analysis) - Capitalism is coming apart at the seams and the middle-class is paying the price.

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The Austerity Debacle

Mon, 30 Jan 2012 00:00:00 -0800

New York Times - By Paul Krugman - Jan. 30 (Opinion) - Britain is doing worse this time than it did during the Great Depression. Four years into the Depression, British G.D.P. had regained its previous peak; four years after the Great Recession began, Britain is nowhere close to regaining its lost ground.

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Op-Ed Columnist: Jobs, Jobs and Cars

Thu, 26 Jan 2012 00:00:00 -0800

New York Times - By Paul Krugman - Jan. 26 (Opinion) - Gov. Mitch Daniels got so much wrong in his reply to the president State of the Union address. To really create jobs, it takes a cluster, not just heroes.

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The State of Obama’s Facts

Wed, 25 Jan 2012 00:00:00 -0800

FactCheck - By Brooks Jackson, D’Angelo Gore, Eugene Kiely, Robert Farley, Ben Finley, Lori Robertson - Jan. 25 (Fact Check) - The president’s State of the Union address got the facts right — mostly. Obama said “the Taliban’s momentum has been broken” in Afghanistan. But targeted assassinations continue, and at least one independent foreign policy expert says the enemy may just be waiting until the U.S. leaves. The president said a get-tough tariff on tire imports from China has saved more than 1,000 U.S. jobs. But tire industry officials say Chinese imports have simply been replaced by imports from other countries. He took credit for putting “more boots on the border than ever before.” That’s true, but the big increase was under George W. Bush. And a decrease in illegal border crossings is due mainly to the lack of jobs in the U.S., experts say. Often the president’s facts and figures were accurate — but not the whole story. It’s true (barely) that Bush issued more new regulations than Obama at the same point in their presidencies — but Obama didn’t mention that his cost more. The president pointed proudly to increased oil drilling, increased U.S. oil production, and declining dependence on imports. But understandably he passed over any mention of chronically high gasoline prices, which hit a record of sorts last year. And he boasted of recent increases in jobs — which still number nearly 1.7 million fewer than when he took office.

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Daily Show: Fear Factory

Mon, 23 Jan 2012 00:00:00 -0800

Daily Show - By Jon Stewart - Jan. 23 (Comedy News) - If America wants to compete with China, then it will have to make its factories more like Foxconn's.

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The Rise of the New Groupthink

Sun, 15 Jan 2012 00:00:00 -0800

New York Times - By Susan Cain - Jan. 15 (Opinion) - Solitude is out of fashion. Our companies, our schools and our culture are in thrall to an idea I call the New Groupthink, which holds that creativity and achievement come from an oddly gregarious place. Most of us now work in teams, in offices without walls, for managers who prize people skills above all. Lone geniuses are out. Collaboration is in.

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One Percent, Many Variations

Sun, 15 Jan 2012 00:00:00 -0800

New York Times - By Shaila Dewan, Robert Gebeloff - Jan. 15 (Special Report) - Adam Katz is happy to talk to reporters when he is promoting his business, a charter flight company based on Long Island called Talon Air. But when the subject was his position as one of America’s top earners, he balked. Seated at a desk fashioned from a jet fuel cell, wearing a button-down shirt with the company logo, he considered the public relations benefits and found them lacking: “It’s not very popular to be in the 1 percent these days, is it?”

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How, Exactly, Does Trade Bring Prosperity?

Wed, 11 Jan 2012 00:00:00 -0800

Huffington Post - By Stan Sorscher - Jan. 11 (Opinion) - I work for a labor union in the aerospace industry. We are 100% in favor of trade. We make products the rest of the world wants to buy. With increased trade we expect more prosperity. Instead, we see the American economy de-industrializing and job security at historic lows. So, what's going wrong?

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Laid-Off Steelworker: Mitt Romney and Bain Capital Profited by Shutting Down Kansas Steel Plant

Tue, 10 Jan 2012 00:00:00 -0800

Democracy Now - By Amy Goodman - Jan. 10 (News Report) - As Republican presidential candidate Mitt Romney comes under fire in New Hampshire for touting his business experience, we look at how his private equity firm, Bain Capital, drove a Kansas City steel plant into bankruptcy, leading to some 750 layoffs and a federal bailout. Bain still walked away with millions of dollars in profits. We speak with Reuters reporter Andy Sullivan, who covered the story, and with Joe Soptic, a steelworker who lost his job at Kansas City's Worldwide Grinding Systems steel mill after 28 years. "The first thing I noticed after the company was bought out ... they became very union non-friendly. They started looking for ways to eliminate jobs," says Soptic. "In my department, they actually offered to buy our jobs out from underneath us. They cut back on safety equipment." Regarding Romney's business acumen, Soptic adds, "If he runs the country the way he ran our business, I would not want him as president." [Rush transcript to come. Check back soon.]

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The economic illiteracy of economists | Mark Weisbrot

Tue, 10 Jan 2012 00:00:00 -0800

The Guardian - By Mark Weisbrot - Jan. 10 - The American Economic Association's annual meeting is red-letter day for 'the dismal science'. And dismal it proved The American Economic Association's annual meetings are a scary sight, with thousands of economists all gathered in the same place – a veritable weapon of mass destruction. Chicago was the lucky city for 2012 this past weekend, and I had just finished participating in an interesting panel on "the economics of regime change" , when I stumbled over to see what the big budget experts had to say about "the political economy of the US debt and deficits". The session was introduced by UC Berkeley economist Alan Auerbach, who put up a graph of the United States' rising debt-to-GDP ratio, and warned of dire consequences if Congress didn't do something about it. Yawn. But the panelists got off to a good start, with Alan Blinder of Princeton, former vice-chairman of the US Federal Reserve, describing the public discussion of the US national debt as generally ranging from "ludicrous to ...

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Op-Ed Columnist: Bain, Barack and Jobs

Thu, 05 Jan 2012 00:00:00 -0800

New York Times - By Paul Krugman - Jan. 05 (Opinion) - Mitt Romney says that President Obama has been a job destroyer, while he was a job-creating businessman. But those claims border on dishonesty.

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Keynes Was Right

Fri, 30 Dec 2011 00:00:00 -0800

New York Times - By Paul Krugman - Dec. 30 (Opinion) - Once again, when politicians and policy makers decided to focus on deficits, not jobs, they proved Keynes right about a slump being the wrong time for austerity.

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Our leadership is dire, but we mustn't despise government | Jeffrey Sachs

Sat, 17 Dec 2011 00:00:00 -0800

The Guardian - By Jeffrey Sachs, The Guardian - Dec. 17 - Our leaderships, in thrall to big business, are failing in so many places all at the same time. But we can't give up on them The year 2011 will be remembered as the year of failed summits. Governments proved themselves time and again to be failures at addressing the growing crises engulfing the world, whether the eurozone debacle, climate change, or budget politics in the US and Europe. Next year is likely to be worse, as electoral politics will further impede decision-making in the US, France and several other countries. Why should governance be so poor in so many places at the same time? There are several factors at play. Globalisation has undermined the manufacturing base of most of the high-income economies, costing millions of jobs and leading to stagnant or falling living standards for a large part of the workforce, especially those with basic skills and modest education attainment. The US has lost around 8-9 million manufacturing jobs since the peak in that sector in 1979, just as ...

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Lawmaker warns USTR on labor in Trans-Pacific pact

Thu, 15 Dec 2011 00:00:00 -0800

Yahoo! News - Dec. 15 (News Report) - A Republican lawmaker on Wednesday warned the Obama administration that Congress could reject a proposed Asia-Pacific trade deal if the White House pushes too hard on language to protect workers rights.

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Suspect Claims from Obama’s ’60 Minutes’ Interview

Tue, 13 Dec 2011 00:00:00 -0800

FactCheck - By D'Angelo Gore - Dec. 13 (Fact Check) - President Barack Obama made a couple of questionable claims during a recent interview with Steve Kroft of CBS’ “60 Minutes.” Obama said that “John McCain’s former economist” said that the stimulus “created or saved 3 millions jobs.” Mark Zandi did say that the stimulus created about that many jobs, but … More >>

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Op-Ed Columnist: The Good Newt

Sun, 11 Dec 2011 00:00:00 -0800

New York Times - By Bill Keller - Dec. 11 (Opinion) - At least on one issue — immigration — Newt Gingrich gets it.

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NPR Tries to Track Down Those Millionaire Job Creators

Fri, 09 Dec 2011 00:00:00 -0800

FAIR - Dec. 09 (Opinion) -

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Op-Ed Columnist: All the G.O.P.’s Gekkos

Thu, 08 Dec 2011 00:00:00 -0800

New York Times - By Paul Krugman - Dec. 08 (Opinion) - In getting to the truth about those wealthy “job creators” the Republicans aim to protect, the ’80s film “Wall Street” seems more relevant than ever.

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Bachmann’s Bad Economics

Wed, 07 Dec 2011 00:00:00 -0800

FactCheck - By Eugene Kiely, Dave Bloom - Dec. 07 (Fact Check) - Michele Bachmann wrongly claims there is “not one shred of evidence that lowering the payroll tax rate created jobs.” Actually, the economy has gained more than 1.4 million jobs in the 11 months since the payroll tax holiday began. That’s 84 percent more jobs than were added in the same … More >>

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Fixing America's jobless problem

Wed, 07 Dec 2011 00:00:00 -0800

Los Angeles Times - By Peter Dreier - Dec. 07 (Opinion) - Thousands of long-term unemployed Americans from across the country have converged on Washington this week to dramatize their plight and to urge Congress to extend federal unemployment insurance benefits and the payroll tax cut, and to pass President Obama's jobs bill.

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