Latest Economy

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  Skandier: Time has come to nationalize the US fossil fuel industry

  As we gear up for a war-type of mobilization to mitigate the climate crisis, a federal takeover of the oil, gas and coal industry should be on the table
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  Cole: Conspiracy Theories Hiding Real Plot: Corporations against Health

  The sleight of hand here is to make us forget that Trump’s “Environmental Protection” Agency refused to ban chlorpyrifos, a pesticide linked to brain damage in babies
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  Feffer: Is the Slowing Global Economy a Boon or Bane?

  Some economists worry the world has passed “peak globalization.” But that could be good for the planet
• Owliaei: How States Can Better Care for Direct Care Workers

  A new report offers recommendations for state policymakers looking to strengthen the backbone of the care economy — the direct care workers themselves
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  Rasmus: Argentina & the Next Global Financial Crisis

  Argentina today is therefore likely a harbinger of things to come, i.e. the canary in the global economy coal mine, and the victim of a ‘made in the USA’ global slowdown driven by Trump trade and US monetary policies
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  Baker: In a Tight Labor Market, the Profit Share of Income Is Falling

  It is plausible to view much of the profits booked in the financial industry in the years from 2003 to 2007 as fake profits, as they were closer to a story of mass counterfeiting than a story of a shift from wages to profits
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  Koerner: Washington Escalates Venezuela Sanctions into Full-Fledged Embargo

  The latest measures amount to a total trade embargo impacting both US and foreign entities
• Koshgarian: The Bipartisan $738 Billion Military Budget Deal

  Who says Congress never gets anything done? In July, lawmakers...
• Hoxie: 5 Ways the Economy Is Stacked Against Young People

  Millennials suffer stagnant wages and high expenses in an economy not designed for them — but there’s hope
• Germanos: How Corporations Are Offloading Pensions

  Not only are pensions being offered less, existing pensions are being transferred to insurers, with employees suffering consequences
• Odessky: Fight for a Green New Deal Can Start with Your Union Contract

  American workers may not have a seat at the table in Washington, but unions can take advantage of their seat at the bargaining table now. If they negotiate green new deals at work, we can promote good jobs while averting a climate disaster
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  Baker: Revised Profit Data Good News

  But Don’t Reverse Decades of Wage Stagnation
• Cohen: Conservative Assault on Organized Labor

  Democratic Lawmakers Are Advancing Laws to Expand Workers’ Rights
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  Rasmus: The Global Currency War Has Begun

  China’s Yuan Breaks the 7 to $1 Band
• Harris: More Money, Fewer Jobs

  The Stubborn Truth About Employment and the Defense Industry
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  Barber: The battle to block state preemption of local minimum wage laws

  The Fight For $15 movement has won some important victories...
• MacDonald: “Make Detroit the Engine of a Green New Deal”

  Activists outside the Detroit debate say that climate policy should put polluted and disinvested communities first.
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  Rasmus: The Escalating US-China Trade War

  Failing to get China to capitulate in trade talks this...
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  Rosenberg: How Slick Consulting Firms Get Us on Drugs

  McKinsey & Company’s “turbocharging” of opioid sales is just the tip of the iceberg. Most blockbuster drugs have been turbocharged in the same way
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  Monbiot: Killer Clowns

  Why are so many nations now led by extravagant buffoons? Because the nature of capitalism has changed