US Firms Have Little Financial Incentive to Comply with the Minimum Wage
More on “American hates the poors”: companies face hardly any downside in cheating on disgracefully low minimum wages.
Read more...Category Archives: Economic fundamentals
Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High
The US housing market is stalled, yet Biden fans insist that, economy-wise, we live in the best of all possible worlds.
Read more...Middle East Escalation: Financial Times’ Revealing Account of Israel Risk of Ukraine-Style Air Defense Attrition; Helmer on Possible Electrical Grid Campaign
US mixed messages continue: trying to check Israel’s suicidal conduct while providing military support. So what might happen next?
Read more...Lenin Revised — Russian Military Power Means De-Electrification And Unconditional Surrender Of The Kiev Regime
Chronicling Russia’s relentless de-electrification campaign and the path to Ukraine capitulation.
Read more...Young People Finally Starting to Recognize the Super Rich and Not Oldsters Are the Problem
As the rich become both richer and better bunkered, the young are finally realizing that wealth disparity is a big part of what ails them.
Read more...Russia Delivers Major Blow to Ukraine by Destroying Kiev’s Biggest Power Plant
Russia’s dismantling of Ukraine’s ability to function accelerates with the destruction of Kiev’s largest power facility.
Read more...US Cities Struggling With Office Vacancies: St. Louis in Doom Loop, New York Eyeing Residential Conversions
Two snapshots of the impact of hollowed out office buildings on American cities and how they are trying to cope.
Read more...How Biden Can Win on the Economy: Stop Mass Layoffs
Why has Biden failed to add a clause to Federal contracts to protect workers from mass layoffs?
Read more...Yellen and Biden Administration Incompetence: Bullying and Entitlement, Rather Than Making a Case, Here Regarding China Overproduction
Yellen made a complete hash of the question of Chinese overcapacity, a real problem unlikely to sort itself out nicely.
Read more...Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
The obsession of big-name economists with defending a bad model has consequences, here, a policy aim of whacking wages.
Read more...Real Energy Transition Costs Could Spell Danger for EU
The EU is belatedly confronting the costs of their much-touted energy transition. Pols and voters are balking at the bill.
Read more...No Exit: Western Imperialism, Capitalism, and Industrialization
Is industrialization the original sin of both capitalist and Communist/socialist economic systems?
Read more...BRICS Enlargement – a “Non-Event” or a Stage Victory Against the West?
What does BRICS want to be when it grows up?
Read more...Europe’s New Fiscal Rules Harm Working People and Women, Boost Right-Wing Radicals
New EU fiscal rules, touted as creating and economic growth, actually embody a dangerous agenda to shred social safety nets.
Read more...China’s Local Government Financing Vehicles (LGFVs): Ponzi Finance on Steroids
How China’s local government financing vehicles (LGFVs) became China’s most complex economic challenge.
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