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Category: Economy

Why Can’t Democracy Trump Inequality?

by Sam Pizzigati | Aug 26, 2013 | Economy

(Sheldon Adelson | Cource: Wikipedia) Fifty years ago, Americans lived in a society that had been growing—and had become—much more equal. In 1963, of every $100 in personal income, less than $10 went to the nation’s richest 1 percent. Americans today live in a land much more unequal. The nation’s top 1 percent are taking […]

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The Ground Game Behind the Fight to Raise the Minimum Wage

by | Aug 5, 2013 | Economy

(Fast-food workers walk out on July 30 in Detroit | Source: Detroit Free Press) Libya Moore typically spends Wednesdays at home in Pittsburgh taking care of her infant daughters. But on July 24, she found herself in a Target store, the lead singer in a dance that she dubbed the “Target Shuffle.” The song, a […]

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Expect Larry Summers to Protect the Status Quo

by Jeff Madrick | Aug 1, 2013 | Economy

(Larry Summers | Kevin Moloney/Flickr/Creative Commons) The reason Larry Summers has become a leading candidate for Federal Reserve chairman is because President Obama is now leaning his way. No, I don’t have direct proof of that, but some journalists claim they have heard this from insiders. And the reason this is credible is that Obama […]

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Why Pension Hawks Endanger Us All

by Darwin Bondgraham | Jul 29, 2013 | Economy

(Kevyn Orr | Source: Fox News Sunday) Detroit’s bankruptcy and a high profile lawsuit in San Jose highlight a nationwide effort led by fiscal conservatives to undo the basic promise embodied in public employee pensions—a guaranteed, defined retirement benefit. If they succeed in unraveling public pensions, as they have to retirement benefits offered by private […]

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Money Is Free to Move Across Borders, So Why Not People?

by Alejandro Reuss | Jul 26, 2013 | Economy

  In this age of mass migration, U.S. immigration policy has mixed relative openness to immigration (since 1965) with nativist hostility toward immigrants. On the state level, we have seen a wave of anti-immigrant legislation (like the Arizona “papers, please” law). On the federal level, the militarization of the U.S.-Mexico border coupled with spasms of […]

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