Delayed Second Stimulus Already Leading to Cuts in Grocery Store Spending
Hunger is on the rise. Grocery store operators see weaker spending now that the $600/week unemployment supplements are gone.
Read more...Category Archives: The destruction of the middle class
Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...‘Threadbare’ US System Denounced as Study Shows 12 Million Lost Employer-Tied Health Care During Pandemic
New data on how many lost their health insurance, which often means health care, due to Covid. And the numbers are not getting better soon.
Read more...Emergency Situation: The Slow-Moving Tragedy of the Russian Arctic
The Russian version of America’s flyover has it pretty bad: declining industries and environmental stress.
Read more...Something Remarkable Just Happened This August: How the Pandemic Has Sped Up the Passage to Postcapitalism
Yanis Varioufakis discusses the emerging shape of postcapitalism.
Read more...Looting, American Style: CEOs Get Big Pre-Bankruptcy Bonuses Even When Lenders and Employees Stiffed
Failed CEOs succeed in looting their companies on the verge of bankruptcy filings.
Read more...Fiscal Austerity and the Rise of the Nazis
Local economic data and election results in Weimar Germany shows that more acute austerity led to more Nazi support.
Read more...Fed Economists Finger Monopoly Concentration as Underlying Driver of Neoliberal Economic Restructuring; Barry Lynn in Harpers and Fortnite Lawsuit Put Hot Light on Tech Monopoly Power
Some good work on monopoly is marred by the bizarre inclusion of Uber. Its predatory pricing is the result of deep pockets and ideology, not potential market power.
Read more...As Courts Re-Open, Britain’s Renters Must Confront the Power of Landlords
Renters and landlords need to come to terms in the Covid-19 new normal. But it’s not shaping up to be pretty.
Read more...Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess
A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.
Read more...Grim Future of Cities: State’s Growing Budget Hole Threatens New York City Jobs, Services
The New York City budget hole is getting bigger. How much of a harbinger is this for other US cities?
Read more...Major General Dennis Laich: Pentagon Needs a Bad Guy
Retired General Dennis Laich gives some insight into America’s permanent war policy.
Read more...What Will the Real American Resistance Look Like — Chaotic Rebellion or Organized General Strikes?
As lower and middle income Americans slide into dire straits thanks to Covid-19, political pressure is building. But are Americans capable of rebellion?
Read more...The Pandemic Has Revealed America’s Zip Code Map of Inequality
The impact of the Covid-19 pandemic on lower-income communities was decades in the making.
Read more...Re-Localizing Industry, One Thing at a Time
Even Covid-19 can have a silver lining: industry supply chain breakage and relocalization initiatives are bringing some manufacturing back to the US.
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