At a time when the country is still reeling from the aftermath of Hurricane Sandy, the storm has reaffirmed progressive principles that have been under attack in recent years. Sandy has, in fact, brought together a trifecta of progressive policy vindications: the dangers of climate silence, the importance of a strong and responsive federal government, and the necessity of collective bargaining rights for workers.
A look at one of Bain Capital's first deals shows a get-rich-quick-at-everyone-else's-expense pattern forming: borrow heavily, gut assets, cut wages, cut safety, crush unions, restructure for tax avoidance and sell with a sweetheart, insider deal. That pattern foreshadowed what happened to our jobs, communities, industries, economy and country since the early 1980s. more »
In a Sunday op-ed Arthur Laffer provides one of the funniest lines of the week, "Right-to-work laws provide individual workers with greater freedom to negotiate the terms of their employment." I almost spat out my coffee, thinking about what would happen to the worker who goes alone to management, demanding a raise and more vacation time. more »
Some news you may have missed: Last week thousands of AT&T workers walked out in protest of AT&T's lack of progress in contract negotiations, aggravated by a mocking memo from an AT&T executive. more »
Robert Reich says the economy's problem is that regular working people are not sharing in the gains that the economy makes. He says the idea that bringing back manufacturing will fix this is an illusion. I agree and disagree. more »
I want to send a warning to working people in Europe: when you let your businesses save money by mistreating workers in other countries, it might teach them to think they can save money by mistreating you, too. Over here in the US we have learned this the hard way. more »
China is very, very "business-friendly." Corporate conservatives lecture us that we should be more "business-friendly," in order to "compete" with China. They say we need to cut wages and benefits, work longer hours, get rid of overtime and sick pay -- even lunch breaks. more »
Some politicians are saying that the latest unemployment report is good news, but it's not. It shows us that this country is still in crisis. It shows us that the government needs to act quickly and aggressively to create jobs, and to restore the lost earning power of the average American who has a job. more »
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