Thursday, November 6, 2025

‘The Situation Is Dire’: As Trump Takes Victory Lap, New Jobs Report Reveals Alarming Surge in Permanent Unemployment

As we cruise into Labor Day, the state of permanent U.S. unemployment is dire; and with no end in sight to the pandemic, will only worsen.

Links 9/5/2020

Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology

Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.

Robert Pollin: Biden Not Phasing Out Fossil Fuel, Relies on Carbon Capture

Robert Pollin critiques the Biden climate plan for over-relying on unproven carbon capture, investing too little in solar and wind, and treating China as a rival.

2:00PM Water Cooler 9/4/2020

~ Today’s Water Cooler ~

State Controller Betty Yee Calls for Public Discussion of CalPERS Governance Reforms Following Sudden Departure of CIO Ben Meng

Controller Betty Yee forcefully slapped down CalPERS’ CEO Frost’s claim that Yee was satisfied with the burial of Yee’s governance issues.

COVID: Where Science Goes To Die

A forceful critique of Covid-19 research.

Links 9/4/2020


Charter Schools Find Gold in Federal Government Aid to Small Businesses While Black-Owned Firms Get the Shaft

Due to the economic fallout of Covid-19, charter schools added to systemic inequities that afflict black communities.

Steve Keen: Eulogy to David Graeber

A personal remembrance of the scholar and activist David Graeber.

Labor Day Weekend Posting and Comments Schedule

We’ll be on a somewhat lighter schedule this Labor Day weekend, back to our normal drill on Tuesday. Hope you get at least a mini-break too!

2:00PM Water Cooler 9/3/2020

~ R.I.P David Graeber ~

US Tax Dollars Funded Every New Drug in the Last Decade

Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers footed the bill for every new drug approved from 2010 to 2019

Links 9/3/2020

Preserve the People’s Post Office: Let Us Do Meaningful Postal Reform

A rallying cry for the Post Office.