I write this, however, not to praise Wal-Mart but to criticize it. Unemployment and underemployment are killing Wal-Mart's middle and lower income customers.
ECB President Mario Draghi has been highly effective with his words alone -- moving markets with speeches and little action. However, by doing so he has also set the bar high and expectations for action are becoming the norm.
An international dialogue should begin now. It might open with an invitation to the Troika: Explain why Greece should not start a jobs guarantee policy today.
Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about "Obama spending" and "Obama deficits" and how the "stimulus" just made things worse. Solution: Here are three "reality-based" charts to send to him.
Even if a bank had never officially employed Geithner, his attitudes and concerns clearly reflect those of the financial industry. This comes through in matters big and small.
After leaving this country with a Great Recession and two wars, the best the GOP can do after spending millions of taxpayer dollars investigating the White House is an allegation of misleading talking points.
Is there a bias against public investment in clean energy? Just ask Tesla Motors founder Elon Musk.
Since there is currently a rather large amount of poverty around that ideally would be rapidly alleviated, you could legitimately expect that the proposals that each side brought to the table might significantly erode the poverty under review. Sadly, however, neither set of proposals do.
This week bore witness to a variety of global crises, some brewing, others resolved. Even so, their urgency was punctuated by heavy-hitting players and high-friction plays.
Guided by the mythology of the "American dream" -- the idea that, given the opportunity, the deserving will excel and rise above their peers -- politi...
There is no way that a typical Walmart worker could support one or two children without help from the government. In this picture, the government is the helping hand that allows workers to make ends meet despite the bad cards dealt to them. The problem with this story is that the cards were not just dealt out randomly; there was a rigged deck.
Obama's expected nomination of Summers was a perfect example of that critical flaw. Repeated appointments of inadequate individuals with questionable résumés -- whether out of loyalty or cronyism -- leaves the government vulnerable to recurrent failure.
The absurdities pushed by Ferguson and like-minded people in positions of power, in direct defiance of massive evidence to the contrary, have ruined millions of lives and cost the world more than $10 trillion in lost output since the crisis began.
Their budget stance offends many Americans' sense of morality, since they're asking poor and middle-class Americans to subsidize the luxuries of the wealthy and the profits of powerful corporations. But in the end the country may reject their ideology for an even simpler reason: We can't afford it anymore.
We know the shutdown is not about fiscal responsibility. If it was, Republicans would not have run up the deficit under W by trillions of dollars with two unpaid wars, unpaid Medicare prescription plan, and the Bush tax cuts.
Daniel Alpert makes a compelling case that the U.S. and the world are stuck in a serious crisis of insufficient demand. Alpert is focused on the government spending route to restoring full employment, which is great, but this is not the only possible route.