Below you'll find a list of all posts that have been categorized as “Economy”
The homeless population has risen to an all-time high, forcing the de Blasio administration to house desperate families in decrepit tenements red-flagged by the city’s own inspectors as hazardous. Since he arrived at City Hall pledging to turn things around, Mayor de Blasio has struggled to confront a long-intractable problem that has only gotten worse. By mid-December, the homeless census …
As labor unions have declined in most countries around the world, CEO paychecks have ballooned. And that’s not just a coincidence, according to new research from the International Monetary Fund. In the latest issue of the IMF’s Finance & Development journal, researchers Florence Jaumotte and Carolina Osorio Buitron give a preview of their forthcoming study on the links between unionization rates and …
The U.S. Census Bureau reported Friday that the January goods and services trade deficit was $41.8 billion in January, down $3.8 billion from $45.6 billion in December (which was revised down a billion). This is a drop of 8.3% from the prior month, which was a two-year high. Both imports and exports fell. Imports of goods and services fell 3.9% to $231.2 …
Too much and for too long, we seem to have surrendered personal excellence and community values in the mere accumulation of material things. Our Gross National Product, now is over $800 billion dollars a year… if we judge the United States of America by that… Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of …
In America, there is a strongly held conviction that with hard work, anyone can make it into the middle class. Pew recently found that Americans are far more likely than people in other countries to believe that work determines success, as opposed to other factors beyond an individual’s control. But this positivity comes with a negative side — a tendency to pathologize …
It is increasingly apparent that today’s economy is not working for most of us. Growing inequality of wealth and income is putting the famous American middle class in danger of becoming a distant memory. Most American children now face economic prospects worse than their parents enjoyed. We suffer from more frequent financial shocks and linger in recession far longer than …
On February 22, the New York Times breathlessly unveiled its redesigned Sunday magazine. The cover featured a globe in the blackness of space with the tagline “Hello, World.” “A Remade Magazine, Thinking Globally” the paper proclaimed on its front page, emphasizing that the new design would showcase international stories and embody “a renewed spirit of inquiry that is both subversive and sincere.” Better adjectives, once …
Some 375 civil society organisations from across Europe have today called on EU decision-makers to protect citizens, workers, and the environment from threats the Transatlantic Trade and Investment Partnership (TTIP) it poses. The call comes as European Parliament committees are discussing a draft resolution on the TTIP negotiations to be voted upon in May. It will not be legally …
Over the past decade, states have slashed workers’ compensation benefits, denying injured workers help when they need it most and shifting the costs of workplace accidents to taxpayers. Michael Grabell and Howard Berkes Dennis Whedbee’s crew was rushing to prepare an oil well for pumping on the Sweet Grass Woman lease site, a speck of dusty plains rich with crude in …
Some of the most important questions confronting us are: what should we do about this culture’s industrial wastes, from greenhouse gases to pesticides to ocean microplastics? Can the capitalists clean up the messes they create? Or is the whole industrial system beyond reform? The answers become clear with a little context. Let’s start the discussion of context with two riddles …
