Articles in the economic crisis Category

The rich get richer, the rest of us need income security. The sad reality and absurdity of our economic situation is on display in today’s New York Times. Two front-page stories, conveniently – thoughtfully? deliberately? – placed next to each other, present two sides of “the economy.” First, because it’s higher on the page, is: [...]

Will 30 million Americans demand income security? Official unemployment is now 9.5 percent, according to the U.S. Department of Labor. As reported in the New York Times: The American economy lost 467,000 jobs in June and the unemployment rate edged up to 9.5 percent in a sobering indication that the most painful downturn since the [...]

Struggling families need income security It’s no secret that families are scrimping, struggling, and sacrificing. Too often, however, the human face of financial difficulties is obscured by the conventions of economic discourse. Pundits, journalists, and economists – and most  politicians, though they ought to know better because they depend on winning votes – seem to [...]

The economic crisis demands income security for all. Sooner or later, our elected officials and other “leaders” will have to acknowledge that conventional political and economic approaches are not working. Conventional policies cannot work. A panel of prominent economists and scholars recently discussed the economic crises and some of the problems with the policies our [...]