Posted on 01 December 2009. Tags: Children, Depression, Dubai, Food Stamps, hunger, Poverty, Prosperity, Unemployment
I think it is always useful to see the threads connecting what might seem to be things that happen independently. The big picture is this: we live in a dysfunctional economic system which has created the greatest divide between rich and poor in a hundred years–and that is a global point. Here, for your consideration, […]
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Posted in General Interest
Posted on 18 November 2009. Tags: Depression, hunger, Poverty, Unemployment
It is not surprising, given an astonishing level of underemployment, that we learn this: The number of Americans who lived in households that lacked consistent access to adequate food soared last year, to 49 million, the highest since the government began tracking what it calls “food insecurity” 14 years ago, the Department of Agriculture […]
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Posted on 14 October 2009. Tags: Depression, investment, Poverty, Recession, Wages
Readers here know that I have urged us, for a long time, to be quite careful about the talk of "recovery". I do not put much faith in a rising Dow since that is, in my opinion, mainly a game of a bunch of traders trying to jump in and out of short-term profit-taking. […]
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Posted on 02 October 2009. Tags: Class Warfare, Jobs, Poverty, The Audacity of Greed, U6, Wages
I’m reading the reports of the awful job reports that came out today. I’ve been arguing for some time that the search of "green shoots" in the economy is a mirage and an experiment that covers up how bad the economy is for real people. But, this made me stop in my tracks. From […]
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Posted on 11 September 2009. Tags: Census Bureau, Congress, Depression, Federal Reserve Board, Middle Class, Poverty, Wages
We don’t talk about poverty in our country. Our political discourse, guided by pollsters and consultants, directs leaders to refer to "the middle-class", not to the millions of people who live in conditions that do not get much better, whether we are in something called a "recession" or we are in "recovery". And it is […]
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Posted in General Interest
Posted on 11 August 2009. Tags: Crisis, Jobs, Poverty, Recovery, Unemployment
I’ve been banging this drum for many weeks–we cannot take seriously the talk about "recovery" when the vast crisis of unemployment and under-employment is not being dealt with. Bob Herbert picks up this theme today: The official jobless rate is now more than twice as high — 9.4 percent — and even more wildly […]
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Posted on 24 July 2009. Tags: "Free Market", Class Warfare, Minimum Wage, Poverty, Unions
Today, the minimum wage rises to $7.25 an hour. We should all be glad that millions of people are going to get a bit more money in their pockets. But, this hike masks a very grim fact: the “recovery” is not going to happen anytime soon, if the measure we use for “recovery” is that […]
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Posted on 09 July 2009. Tags: Depression, Poverty, Recession, Wages
If you are relying on the media or politicians to tell you when the "recession" will be over, you have a right to feel confused. One day it’s a story or pronouncement about the "green shoots" sprouting up in the economy, only to have those "green shoots" trampled the next day by gloom-and-doom over […]
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Posted in General Interest
Posted on 07 July 2009. Tags: Class Warfare, Minimum Wage, Poverty, Unions
The minimum wage is a scandal. It masks poverty. It must be dramatically raised. On July 24th, the minimum wage will rise to $7.25 an hour. I applaud people who worked hard to pass the three-step hike. The new level will put some extra money in the pockets of millions of Americans and, modestly, […]
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Posted on 05 June 2009. Tags: CBNC, Erin Burnett, Jobs, Poverty, Stephen Moore, Wal-Mart
The debate I took part in yesterday–well, it’s hard to call it a debate when your opponent is not operating with a full deck of cards…meaning facts–on CNBC really illustrates, in the most starkest terms, the two visions of America. One vision sees unionized jobs, like those that many people have had in the […]
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Posted in General Interest