Can The Federal Reserve Chair Take On Wall Street?

Can The Federal Reserve Chair Take On Wall Street?

Posted by on April 21st, 2014

By Danish Khan

The recent speech by the new Chair of the Federal Reserve, Janet Yellen, was remarkable in multiple ways. First of all, Ms. Yellen acknowledged that working people are still suffering from the recent economic crisis and the recovery is at best incomplete. She also gave a precise number of the unemployment rate that can be sustained while maintaining a stable inflation rate, and [...] read more >

The Path Forward for Worker Cooperatives

Posted by on April 17th, 2014

By Ricardo Fuentes-Ramírez

Many activists have turned to developing and supporting Worker Cooperatives as a fundamental part of building alternatives to our current system. In one of his recent books, economist Richard Wolff explains that there are many types of cooperatives, and activists should specifically coalesce around those that are “workers’ self-directed enterprises,” or WSDEs. Not all worker-owned enterprises, worker-managed enterprises, or cooperatives are necessarily WSDEs. In [...] read more >

Matrix Algebra: How to Be Human in a Digital Economy

Posted by on April 1st, 2014

By Sara C. Kingsley and Dr. Mary L. Gray
Ray and Charles Working on a Conceptual Model for the Exhibition Mathematica, 1960, photograph.Prints & Photographs Division, Library of Congress (A-22a)
“Certainly the cost of living has increased, but the cost of everything else has likewise increased,” H.G. Burt, the President of the Union Pacific Railroad, asserted to railroad company machinists and boilermakers.  For Burt, the [...] read more >

Kshama Sawant Is Right About Boeing

Posted by on March 26th, 2014

By Matson  Boyd
This past November, after Boeing threatened to leave Washington State, the state passed a bill to give Boeing the largest tax break any state has ever granted a company: $8.7 billion from now until 2040. Boeing wasn’t in financial difficulty. In fact, in December they gave $10 billion back to shareholders in the form of a stock buy-back. Instead it was relatively routine extortion, part of the accelerating race to the bottom that has transferred massive [...] read more >

Build Schools, Not Drones

Posted by on March 12th, 2014

By Danish Khan

Most economists would describe contemporary times as an epoch of austerity. Whether it is public education or healthcare, enormous pressure has been exerted by the right wing to cut government spending in order to reduce the budget deficit. But interestingly, advocates of austerity always pick those social programs for spending cuts which are directly related to the lives of working people in America, e.g. unemployment insurance, food stamps, [...] read more >

What’s going on in Venezuela? Media Manipulation and Economic War

Posted by on March 6th, 2014

By Ricardo Fuentes-Ramírez 
A burning street barricade (Roberto Gil)
The violent opposition protests that erupted during February 2014 in Venezuela are difficult to comprehend relying only on the mainstream media. One of the main sources of this difficulty is the significant number of exaggerated, manipulated, or uncorroborated social media postings. These postings are best exemplified by the number of images from police brutality from other [...] read more >

A Higher Minimum Wage WILL Help the People It is Intended to Help

Posted by on March 4th, 2014

by David Kotz

Whenever someone proposes a measure to benefit working people, the establishment has the same reply: “That would only hurt the very people you are trying to help.” This applies to proposals to raise the minimum wage, now just $7.25 an hour at the federal level. Of course, the opposition of the rich and powerful to a higher minimum wage could not be because it would redirect part of the profits to hard-working, low-wage workers. [...] read more >

The Trouble with Comcast (and what we should do about it)

Posted by on February 27th, 2014

by Anders Fremstad

Comcast, America’s largest cable provider, is acting in a way that should worry consumers and citizens.  First Comcast announced its plans to merge with Time Warner, America’s second largest cable provider. Paul Krugman opposes the merger, but its not like the cable providers currently compete.  As Comcast’s CEO notes, Comcast and Time Warner “do not operate in any of the same ZIP codes.”  That’s old news to just about anyone who [...] read more >

Secessionism of the Techno-Riche

Posted by on February 26th, 2014

By Matson Boyd

Fed up with the encumbrances of working in the United States, many in Silicon Valley have taken to dreaming of seceding or leaving to create their own state. Its not hard to imagine that someday the Techno-Riche could succeed in carving out or purchasing their own state. But what would such a society look like? Perhaps Dubai is the best comparable.
Like Dubai, such a techno-utopia would [...] read more >

Should Young Workers Pass on Pensions and Fight for Social Security?

Posted by on February 24th, 2014

By Brian Callaci
From photographer Qozop’s Spring-Autumn Exhibition.
It’s become increasingly clear that promises employers make to workers about their post-retirement security are eminently breakable. In the public sector, where workers long thought that their pensions were protected by ironclad state constitutions, the courts are now ruling that state and municipal governments, may in fact, abrogate pension obligations.
This trend in the public sector [...] read more >