Relevant and even prescient commentary on news, politics and the economy.

2.5 cheers for 2016’s new high in real median income!

2.5 cheers for 2016’s new high in real median household income! Given that I consider jobs and wages for average Americans my #1 focus, it’s only fair that I write about this week’s release of the real median household income for 2016, don’t you think? A few years ago I wrote that real median household […]

Douglas F. Dowd Is Dead

Douglas F. Dowd Is Dead Douglas Fitzgerald Dowd has died at age 97 in Bologna, Italy.  A scholar of Thorstein Veblen and expounder of a radical view of US economic history that strongly influenced Howard Zinn and Daniel Ellsberg, among others, he was also a serious political activist.  After serving as a bomber pilot in […]

How to kill Social Security in 2 easy steps

How to kill Social Security in 2 easy steps Here’s Kevin Drum advocating for step 1:  the best way to address retirement security is to continue reforming 401(k) plans and to expand Social Security—but only for low-income workers. Middle-class workers are generally doing reasonably well, and certainly as well as they did in the past. We don’t […]

Homicides: Victimizers and Victims

Last year in Chicago: Among the Sun-Times’ findings, based on a review of police and Cook County medical examiner’s reports, court files and interviews: • The vast majority of those killed in Chicago in the first half of this year — 90 percent —died from a gunshot wound. • Seventy-two percent were African-American men, their […]

New State Laws Passed in California

Election Tax Returns In an effort to force our present president when running for re-election and future presidential candidates to release income tax returns, California passed SB249 Disclose Act. California became the first state to require presidential candidates to release their tax returns in order to appear on the state ballot. Lawmakers sent Gov. Jerry […]

Trump Cutting Deals with Democrats

“ In Cutting Deals With Trump, Are Democrats Walking Into a Trap?” Over the weekend the mainstream press published a flurry of articles about Donald Trump, the pragmatic independent outsider who has no loyalty to any party and will work with anyone to Get Things Done. This excited reaction was in response to the president’s […]

Why a Case Against a Dark Money Charter School Group Is Great News for Democracy

Via Alternet: Why a Case Against a Dark Money Charter School Group Is Great News for Democracy Billionaire charter school backers in Massachusetts wanted their identities kept secret. In one of the most important decisions ever about dark money in politics, a Massachusetts charter school advocacy group has been ordered to make the names of […]

Deficits Do Matter, But Not the Way You Think

Dan here…a reminder about our federal deficit. Deficits Do Matter, But Not the Way You Think 07.20.10    Roosevelt institute  L. Randall Wray In recent months, a form of mass hysteria has swept the country as fear of “unsustainable” budget deficits replaced the earlier concern about the financial crisis, job loss, and collapsing home prices. What […]