Posted in Economy News Restart 2021

Yellen bolsters demand for Biden to enact bold FDR-style agenda,

‘Smartest Thing We Can Do Is Act Big’ “Instead of feel-good talk of unification,” said journalist John Nichols, “FDR called out the Wall Street speculators, the bankers, and their conservative apologists.” by Kenny Stancil, staff writer…

Click to read full article
Posted in Analysis COVID Reboot 2021

Biden’s $1.9 trillion relief plan: $400 unemployment boost, $1,400 checks, and billions in additional aid

“Congress should immediately move to pass President-elect Biden’s plan,” said Claire Guzdar of the Groundwork Collaborative. “And we can’t stop there.” by Jessica Corbett, staff writer Thursday, January 14 With less than a week until he…

Click to read full article

COVID-19 and the resulting border closures have had a devastating impact on the economy of Nogales, Arizona.

by Delaney White, Cronkite News December 14, 2020 COVID-19 and border closures have had a devastating impact on the economy in Nogales, Arizona. (Video by Delaney White, 3:48) This story produced by Cronkite News on December 14,…

Click to read full article
Posted in Analysis Minimum wage

New Year, higher minimum wages in 24 states and 50 municipalities thanks to fight for $15

‘Raises From Coast to Coast in 2021’ “These increases are a testament to the power of workers coming together and fighting for what real people and families need.” by Kenny Stancil, staff writer Thursday, December 31,…

Click to read full article
Posted in News Politics Restart 2021

McConnell advances another Trump judge as Covid relief bill remains unfinished

‘This Is His Top Priority’ “As a government shutdown looms, and as the pandemic rages on across America, Senate Majority Leader Mitch McConnell continues to push through Trump’s judges until the very end.” by Jake Johnson,…

Click to read full article
Posted in Analysis Economy Wealth

Study of 50 years of tax cuts for rich confirms ‘trickle down’ theory is a sham

“Major tax cuts for the rich since the 1980s have increased income inequality, with all the problems that brings, without any offsetting gains in economic performance.” by Kenny Stancil, staff writer Wednesday, December 16, 2020 Neoliberal…

Click to read full article
Posted in Analysis Safety Net Unemployment

Shoplifting of essentials on rise as millions struggle to feed families

“This state of austerity is an artificial cruelty designed to redistribute wealth, enrich the obscenely wealthy, and keep us under the thumb of employers and politicians.” by Julia Conley, staff writer Thursday, December 10, 2020 With…

Click to read full article
Posted in Analysis Common Dreams Economy Unemployment

Surge in layoffs spotlights cruelty of Trump-GOP refusal to boost unemployment benefits

‘Deeply Disturbing’ “The nation’s health and economy are going backwards, not forwards, because Republicans and the leader of their party have spent months doing the very opposite of what is needed.” by Jake Johnson, staff writer…

Click to read full article
Posted in Analysis Common Dreams Safety Net

‘Pandemic profits’ of billionaires could fully fund $3,000 stimulus checks for every person in US

“America’s billionaires could pay for a major Covid relief bill and still not lose a dime of their pre-virus riches.” by Jake Johnson, staff writer Wednesday, December 9 America’s 651 billionaires have gained so much wealth…

Click to read full article
Posted in Common Dreams News Restart 2021

Sanders leads Senate demand for $1,200 stimulus checks over ‘Get-Out-of-Jail Free Card’ for corporations

“The American people need help and they need help now.” by Jake Johnson, staff writer Wednesday, December 9 Rejecting the bipartisan coronavirus relief plan currently under negotiation on Capitol Hill as “totally inadequate,” Sen. Bernie Sanders…

Click to read full article
Posted in Bailout 2020 Common Dreams Economy News Unemployment

Trump White House proposes Covid relief plan with $0 weekly unemployment boost

“The president’s proposal starts by cutting the unemployment insurance proposal being discussed by bipartisan members of the House and Senate. That is unacceptable.” by Jake Johnson, staff writer Wednesday, December 9, 2020 The Trump White House…

Click to read full article

Rathke: Mass protests are back – what are we waiting for?

New Orleans       Don’t tell me you haven’t noticed?  If you can make it past the daily Trump wailing wall, there’s one report after another of protests.  Not some piddling ten- or twenty-person thing, though there’s…

Click to read full article
Posted in Economy Op/Ed Restart 2021

You can’t eat civility: a message to Joe Biden and the Democrats

Politeness will not solve the problems facing the country. Democrats must put forth and fight for bold solutions that will materially improve the lives of working people. by Joe Sanberg Monday, November 16, 2020 Like many…

Click to read full article
Posted in Analysis Common Dreams Elections Gig Economy Workers

Gig workers urge no vote on Prop 22 in California to stop ‘corporate power grab’

“No company should be able to buy its way out of treating workers fairly,” said one progressive think tank about the state’s ballot initiative that will have national implications. by Kenny Stancil, staff writer Friday, October…

Click to read full article
Posted in Common Dreams Community Economy Editorial/opinon Justice Op/Ed

Desideratum: Heading Off the Prospects of a Dark and Tumultuous Future

We can no longer afford to wait as climate changes, economic systems malfunction, and enflamed social divisiveness bear down on humanity with unprecedented, irreversible consequences. by Luisa Deprez, John Dorrer Tuesday, October 13, 2020 ”This time,…

Click to read full article
Posted in Analysis Common Dreams Coronavirus Unemployment

As Trump takes victory lap, new jobs report reveals alarming surge in permanent unemployment

“Um…Mr. President, that’s not what it says” “The pain is nowhere near over for millions of workers and their families across the country.” by Jake Johnson, staff writer Friday, September 4 President Donald Trump on Friday…

Click to read full article
Posted in Analysis Consumption Coronavirus Economy The Conversation

The US economy is reliant on consumer spending – can it survive a pandemic?

The U.S. spends the most money on advertising in the world. Marketing and advertising spending in 2020 is projected to reach nearly $390 billion.   Photo by Deon Fosu for Unsplash by  Halina Szejnwald Brown, Clark University…

Click to read full article
Posted in Bailout 2020 Citizen Wealth Columns Wade Rathke

The White House is a mess

by Wade Rathke New Orleans   People literally don’t know what to do. Random strangers will ask in social distanced lines at stores and gas stations, whether anyone knows what’s happening to the stimulus. Will there be…

Click to read full article
Workers set up a solar PV power system. (Photo: Team Massachusetts 4D Home/flickr/cc)
Posted in Climate change Coronavirus News Restart 2020

As coronavirus cases and unemployment in the US climb, 39 groups launch coalition for clean energy and healthy communities

“The Covid-19 pandemic has made clear that the health of nature, the health of people, and the health of our economy are all deeply connected, and this fact should guide and inform the U.S. government’s response.”…

Click to read full article
Posted in Bailout 2020 Coronavirus News Pro Publica Restart 2020

Small businesses failed by federal bailout program. Can local governments can help?

Thousands of small businesses, especially those owned by people of color, have been left behind by the stipulations of the Paycheck Protection Program. In Texas, local governments are lending millions of dollars and it’s not enough….

Click to read full article
Posted in Analysis Coronavirus Pro Publica Public Health Science

What antibody studies can tell you — and more importantly, what they can’t

Coronavirus antibody studies and what they allegedly show have triggered fierce debates, further confusing public understanding. ProPublica’s health reporter Caroline Chen is here to offer some clarity around these crucial surveys. by Caroline Chen April 28,…

Click to read full article
Posted in Bailout 2020 Common Dreams News Public Policy

Unemployment 1/3 higher than reported says study; people without benefits

“It was made complicated so people would get discouraged and give up.” by Eoin Higgins, staff writer Tuesday, April 28 The U.S. economic fallout from the coronavirus outbreak might be far worse than already reported according…

Click to read full article
Posted in Common Dreams Coronavirus News Public Policy Race for the White House 2020 USPS

Calling US Postal Service ‘a joke,’ Trump demands four-fold price hike for customers amid Covid-19 pandemic

Such a move, say critics, “would be a disaster for millions of Americans who rely on USPS.” by Jessica Corbett, staff writer Friday, April 24, 2020, 5:45 PM MST President Donald Trump on Friday threatened to…

Click to read full article
A line of unemployed men buy apples for 5 cents during the Great Depression. (Photo: Universal History Archive/Universal Images Group via Getty Images)
Posted in Analysis Bailout 2020 Common Dreams Economy Recession

Nobel Economist Joseph Stiglitz Warns US barreling toward second ‘Great Depression’ thanks to Trump-GOP failed Covid-19 response

“If you leave it to Donald Trump and Mitch McConnell we will have a Great Depression. If we had the right policy structure in place we could avoid it easily.”   by Jake Johnson, staff writer…

Click to read full article