Category Archives: The destruction of the middle class

Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’

The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.

Energy Workers to Stage More Protests as Companies Raise Bills but Not Pay

Employees at Drax, Grangemouth and other energy sites will walk out every fortnight as firms rake in huge profits.

How Employers Are Trying to Thwart a Wave of Union Drives

Union organizers are making headway, as measured by the more-aggressive cororate efforts to hobble them.

America, Land of the Dying? Alarming Study Shows U.S. Killing Its Own Population

American became an outlier among rich countries in mortality rates pre pandemic, and Americans are dying younger than their peers abroad.

Recession Mongers Shocked & Horrified by This Surge in Employment

Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders

Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.

Think the Financial Crisis Is Over? Mortgage Servicers Still Abusing Borrowers For 10+ Years, Thanks to Lax Fannie/Freddie Oversight

Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.

Why It’s Essential for Congress to Reauthorize Trade Adjustment Assistance

Workers attest that the Trade Adjustment Assistance has helped them move into new careers when employers offshore jobs. Will it be cut?

Truss and Sunak’s Reheated Thatcherism Is the Last Thing the UK Needs

Truss and Sunak treat the Iron Lady as their muse, while Labour touts another flavor of neoliberalism, that of Tony Blair.

Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong

Looking at inflation through a class warfare lens.

Left in the Dark: The Families Struggling to Survive Fuel Poverty

The future many in the UK and Europe will suffer this winter: having to choose between food and fuel.