The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens
The Fed just told everyone to assume the brace position.
Read more...Category Archives: The destruction of the middle class
‘Grotesque Level of Greed’: Owned by World’s Richest Man Jeff Bezos, Whole Foods Wants Workers to Pay for Colleagues’ Sick Leave During Coronavirus Pandemic
Jeff Bezos continues to abuse his workers, this time (or more accurately, again) at Whole Foods.
Read more...Who’s Responsible? How the “Independent Contractor” Dodge Guts Employment Protections
On establishing legal responsibility for employment in the fissured workplace.
Read more...Will Biden’s Trade Policy Record Come Back to Haunt Him in Midwest?
Sanders seeks to make Biden pay for his trade record in Tuesday’s Michigan primary. Idaho, Mississippi, Missouri, North Dakota, and Washington also hold primaries on the same day.
Read more...Let’s Crush the Woke Plutonomy! An Interview + Review of The Populist’s Guide to 2020: A New Right and New Left are Rising by Krystal Ball and Saagar Enjeti
How the ordering of the world to suit the 1% – also known as plutonomy – has generated long-overdue “populist” pushback.
Read more...Porkfest! Tallying How Much the Pentagon Really Costs
Yes, sports fans, Pentagon spending is even worse than you imagined.
Read more...Housing Insecurity, Homelessness, and Populism: Evidence from the UK
Cutting subsidies for private rental housing did not do much to reduce overall spending or lower rents but caused a lot of pain.
Read more...More Than 9 Million People Use Freecycle Instead of Buying New
A bona fide sharing “economy”: Freecycle plans to add a lending and borrowing tool to encourage people to share with friends and neighbors.
Read more...Boris Johnson, Not Donald Trump, Is the Real Blue-Collar Conservative
Is Boris Johnson misunderstood?
Read more...The Race to Slash ‘Red Tape’ in Post-Brexit Britain Has Begun. How Can It Be Resisted?
Brexit is being used to accelerate the neoliberal race to the bottom.
Read more...Michael Hudson: The Democrats’ Quandary – In a Struggle Between Oligarchy and Democracy, Something Must Give
The Democrats’ civil war over who controls the party may be coming to a head.
Read more...Is Bloomberg Buying the DNC? If So, What Does He Plan to Do With It?
A closer look at Bloomberg’s attempted takeover of the DNC.
Read more...Legacy Admissions: Johns Hopkins Drops Preferences, Other Institutions Consider Changes
Johns Hopkins announces it’s eliminated legacy admissions, sparking a wider debate. Will other institutions follow?
Read more...Wolf Richter: Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak, as Other Consumers Relish the Good Times. Why?
The concern is not for banks or investors in subprime-credit-card backed securities. But what does this bifurcation tell us about consumers?
Read more...To Tackle Inequality, We Need To Start Talking About Where Wealth Comes From
How to combat cultural beliefs that justify extreme inequality.
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