The economy is still getting worse. Foreclosures are surging above last year’s epic highs and the unemployment rate marches upwards every month. As the misery grinds on, Wall Street lobbyists and their allies in Congress are pushing hard to distract the public from the real causes of the current global economic crisis. Corporate America is trying to pin the blame for our empty pocketbooks on President Barack Obama and the phantom socialist menace, and cable news pundits are taking the bait.
|By: TheMediaConsortium Tuesday October 6, 2009 9:48 am|
|By: TheMediaConsortium Tuesday September 29, 2009 9:04 am|
The economic free-fall is finally slowing down, although nobody expects the recovery to be very pleasant. Job losses and foreclosures are expected to increase well into next year. But even if our economic system gets back to normal, it’s important to remember that gross inequalities are embedded in the global order. At home, minorities face significant barriers to economic security, while abroad, children in poor countries are denied access to basic nutrition. This is especially disheartening in the wake of the G-20 meeting in Pittsburgh, which demonstrated that the world’s economic leaders are more focused on bailing out banks than eradicating global poverty.
|By: TheMediaConsortium Tuesday September 22, 2009 8:56 pm|
Eight months after President Obama was sworn into office, the foreclosure epidemic is even more dire and no laws have been passed to rein in Wall Street. While Obama has helped cushion the nation’s economic fall with a stimulus plan and other proactive measures, much more aggressive action is needed to protect workers and homeowners from reckless financiers.
|By: TheMediaConsortium Tuesday September 8, 2009 9:43 am|
Low-wage workers are struggling to navigate the current recession. A new study conducted by a team of academics reveals that the majority of workers at the bottom of the economic ladder have been shorted on their paychecks as recently as last week.
|By: TheMediaConsortium Tuesday September 1, 2009 7:29 am|
After Ben Bernanke allowed an $8 trillion housing bubble to ravage the global economy and nearly destroy the U.S. financial system, President Barack Obama has decided he deserves another term as Chairman of the Federal Reserve.
|By: TheMediaConsortium Tuesday August 25, 2009 7:59 am|
The U.S. economy may finally be bottoming out. But if the worst is really behind us, we are likely facing a painful period of “growth” that looks very much like the present.
|By: TheMediaConsortium Tuesday August 18, 2009 8:00 am|
A new study by Economist Emmanuel Saez revealed this week that income inequality in the U.S. is more severe today than at any time since World War I, and the current recession is taking its heaviest toll on the worst-off members of our society.
|By: TheMediaConsortium Tuesday August 11, 2009 9:14 am|
The U.S. job market may be showing signs of life, according to a report issued by the Labor Department on Friday.
|By: TheMediaConsortium Tuesday August 4, 2009 9:51 am|
It’s abundantly clear that we can’t rely on the economic elite to represent the people’s interests. Tomorrow’s economic structure must be drastically different if the United States is going to thrive. Put simply, we’re going to have to seriously reevaluate our economic priorities and decide who calls the shots. Here’s hoping that everyday people have a say.
|By: TheMediaConsortium Tuesday July 28, 2009 9:38 am|
If we want our economy to be strong and stable, we have to start thinking about it as a product of community—not a get rich quick scheme.