Economy

One core assumption of political economy, going back to Marx, is that the owners of capital will not do anything that benefit workers unless their hand is forced -- either by labor unions or government. When it comes to who gets what under capitalism, the logic goes, raw power is all that counts....
04/02/2012
Blog
With the economy just barely on a path to durable recovery, some very dumb fiscal chickens are coming home to roost on January 1 of next year. This grim coincidence is known as the Triple Witching Hour. First, the legacy of last summer's ill-fated bipartisan fiscal bargain -- an automatic set...
04/02/2012
Blog
News came out yesterday that the economy may be healthier than previously thought. While GDP growth in the fourth quarter of last year was 3 percent, the Gross Domestic Income (GDI) growth rate was 4.4 percent during the same time period. On its most basic level, GDI measures all the wages and...
03/30/2012
Blog
We wrote this week about how low-income and poor students are being increasingly cut off from public higher education in California. While California is hacking away at higher education access via devasting budget cuts, State University of New York Chancellor Nancy Zimpher wrote this week for CNN...
03/29/2012
Blog
Priorities of Rep. Ryan's Budget: Click To Visit Full Version Today the U.S. House of Representatives will vote on Rep. Paul Ryan’s budget proposal, a plan to dismantle Medicare, slash Medicaid, eviscerate the safety net, and at the same time pump up defense spending, and preserve tax breaks...
03/29/2012
Blog
California Community Colleges Chancellor Jack Scott put some perspective on the sorry state of educational opportunity in an address last week: California community colleges have shed more than 300,000 students since 2009 because the students cannot get into classes, and the toll is likely to...
03/28/2012
Blog
Albany's brand new budget deal is a hybrid of the harsh right-wing politics and policy of 2010 and the OWS-influenced politics of 2012.  The budget has fewer tax cuts and fewer cuts to programs than the policies that dominated the first year of the Cuomo Administration.  School aid and...
03/27/2012
Blog
Even as the Supreme Court considers the constitutionality of the Affordable Care Act, an even greater concern to many critics of the law is its cost.  While these critics have a long record of distorting the facts about ACA's budgetary impact -- most recently by twisting the findings of a CBO...
03/27/2012
Blog
State attorneys general are directly elected by voters in nearly every state and if politics made sense, the 26 AGs that have filed suit against Obamacare would be booted out by voters. Why? Because these AGs represent states that stand to disproportionately benefit from the law. Meanwhile, many...
03/26/2012
Blog
President Obama signs the Affordable Care Act into law on March 23, 2010 Three days of oral arguments on President Obama's Affordable Care Act before the Supreme Court got underway this morning -- just a few days after the law's second anniversary. And while the Supreme Court's decision is not...
03/26/2012
Blog
Syndicate content