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...Category Archives: The destruction of the middle class
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.
Read more...COVID-19 and the California Prison Crisis: 24th San Quentin Inmate Dies Last Friday
The 24th San Quentin inmate died Friday of COVID-19 complications, an inevitable consequence of Calironia’s misguided transfer policy.
Read more...Why Capitalism Is in Constant Conflict With Democracy
A high level, if flawed, critique of democracy American style.
Read more...Stimulus Talks on Verge of Failure as Both Sides Trade Blame
No news on the stimulus front is very very bad news.
Read more...International Trade Has Cost Americans Millions of Jobs. Investing in Communities Might Offset Those Losses
After too many years of “Let them eat training,” a more practical answer to trade-induced job losses.
Read more...Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed
An inadequate second stimulus is guaranteed. The only question is “how inadequate”?
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