Employers Still in Denial About the New Normal of Fed-Up Low Wage Workers
Who’d have thunk it? Beating the workers not only does not improve morale, it is leading them not to turn up at all.
Read more...Category Archives: Economic fundamentals
Latest Fed Financial Stability Report Underplays Supply Chain Risk
The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.
Read more...Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy
Cheerleading about the much improved jobs picture overlooks how many workers have gone missing.
Read more...Metals May Become the New Oil in Net-Zero Emissions Scenario
Economists project that prices for energy-transition metals will soar and their combined value could match that of crude oil
Read more...Michael Hudson: Is This the End of the Unreformable Democratic Party?
Have the contradictions of the Democratic Party’s overarching strategy finally become untenable?
Read more...Halloween Is Over – Are Corporate Zombies Still Out There?
Corporate debt levels are up due to Covid. Some will businesses will not make it. Restructuring sooner is better for everyone than later.
Read more...Debt Cancellation: Taxi Drivers Savor Victory as Medallion Debt Bailout Deal Ends Hunger Strike
How New York City taxi drivers won a rare and much needed debt restructuring.
Read more...Democrats’ Freakout: McAuliffe Loses VA Governor Race by Nearly 3 Points; NJ Governor Result Too Close to Call
Voters are not eating cake, um, the Democrats’ dogfood.
Read more...Deere Union Members Reject Second Management Offer; Key Demands Include Greater Workplace Say
Deere union members at 12 of 14 factories put the screws on management by rejecting their latest offer.
Read more...‘Manchin Is a F**king Snake’: Progressives Urged to Keep Pushing for Both Bills
Jayapal is “letting the president” handle Manchin after he says he won’t budge on the reconciliation package.
Read more...Why the US Supply Chain Crisis Is Intractable and Will Get Worse
The US supply chain problem will only get worse in the absence of aggressive Federal action….and we know how likely that is.
Read more...Bob Pollin: Stop Subsidizing Wall St., Start Subsidizing Workers for High Energy Costs
Bob Pollin: High oil prices and supply chain disruption are driving inflation, not workers’ modest wage increases or government debt.
Read more...Climate Change Is Muting Fall Colors, But It’s Just the Latest Way That Humans Have Altered US Forests
Like so many things, fall color season ain’t what it used to be.
Read more...Mexico’s Auto Industry Between Radical Change and Trade Wars
How auto suppliers in Mexico have wound up between a rock and a hard place.
Read more...“Want to See a Modern Country Commit Suicide? Take a Hard Look at Britain”
Post Brexit Britain is not doing at all well, and things are not going to take a turn any time soon.
Read more...