Have you ever walked into a neighborhood restaurant, with only your debit card in hand, ready to order lunch for $7.95, but are stopped by the handwritten sign next to the cash register: credit cards, $15 minimum.
Stopping the spill, and beginning recovery, is beyond the capacity of a private corporation.
WASHINGTON (PAI)--When politicians demand the public do something because of the dictates of financial markets, it is best to hold on to your wallet.
WASHINGTON (PAI) -- The current economy is "not normal," unemployment affects different groups of people than it did before, and the recovery - in terms of the joblessness numbers - will take longer than it did in prior slumps, the Labor Department's top economist says.
A new political and economic model, a new New Deal, is urgently needed, but the tycoons of finance are not about to yield their power - it will take a series of struggles.
The focus on "fiscal responsibility" conceals the real causes of the crisis, and if we don't address those we don't have a snowball's chance in hell of lifting workers out of the quicksand.
Today's business reports will headline a 431,000 growth in employment during May - but there's one little problem: nearly all were temporary Census jobs.
Recently I read with dismay an article by Mort Zuckerman, the editor of U.S. News & World Report, on the Huffingtonpost.com titled 'Breaking the Public Sector Unions' Stranglehold on State and Local Governments.' First, that's a whopper of a title, right? Secondly, the article has nothing at all to do with facts.
Capitalism is bad for working-class people. Unregulated capitalism is even worse.
For communities that were already in economic freefall before this recession, it's a catastrophe.