The missing piece that economist and former White House advisor Jared Bernstein knows and is too nice to say, is that the Powers That Be set out to deliberately suppress wages, to the point where hiring an engineer in America won’t cost any more than hiring one in Pakistan. But I’m not that nice, so […]
Category Archive for 'Class War'
I’m just too angry to write about it. Read Will Bunch. Don’t skip the comments. And once again, let me remind you this is merely a plan to bust the union and bring in newbie teachers who will work cheap. Here in Philly, they even built subsidized housing to underwrite their shitty salaries!
David Dayen has a piece in the Financial Times that explains another reason Republicans want the Consumer Financial Protection Bureau to fail: Because they can shut down bad banks in a way the Department of Justice can’t: After This American Life recently removed the mystery from the New York Federal Reserve’s cozy relationship with Goldman […]
This is pretty interesting, I think. Protesters pierced that class bubble, and you can see that some of the audience members were distinctly annoyed as a result. Hey, they’re lucky it’s not pitchforks! Michael Brown protesters interrupted the St. Louis Symphony Orchestra’s concert on Saturday night, causing a brief delay in the performance at Powell […]
I gotta say, when even the right-wing Telegraph says it… Why aren’t the middle classes revolting? Words you probably never thought you’d read in the Telegraph. Words which, as a Gladstonian Liberal, I never thought I’d write. But seriously, why aren’t we seeing scenes reminiscent of Paris in 1968? Moscow in 1917? Boston in 1773? […]
Wendell Pierce is one of my favorite actors and I can’t believe this cop didn’t recognize him. But I’m sorry that this happens to anyone: Wendell Pierce: And the fact is… The fact is while we have this very comfortable, colloquial debate about it, when the lights go out and I go out in the […]
Yves Smith at Naked Capitalism: As a new story by Shahien Nasiripour in the Huffington Post tells us, the Administration is now giving student loan servicers the “too big to fail” kid gloves treatment. The apparent justification is that correcting the records of borrowers who may have gone into default through not fault of their […]
I see this in my own part of the city. Where are all those people going when they’re making less money than ever? As America has transitioned from a manufacturing economy to a knowledge- and service-based economy, entire neighborhoods and cities have been restructured, according to a recent study by the Martin Prosperity Institute. American […]
They not only want to rob us blind, they want us to think highly of them for doing it: The nation’s largest banks and debt collectors are worried that if you learn what people are saying about them, you might like them less. And that wouldn’t be fair, they say. The financial sector is fighting […]
Thanks, austerity hawks! The Census Bureau’s latest headline numbers on income, poverty and health insurance received wide coverage: The poverty rate fell in 2013 while real (inflation-adjusted) median household income was little changed and the share of Americans without health insurance coverage fell. Here’s a look behind the headlines, courtesy of my Center on Budget […]