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You are here : Political Context » Archives for Economics

Discounting Lives to Maximize Profits

Posted On Saturday, December 1, 2012 By Walter M. Brasch. Under Labor  Tags: Bangladesh, Outsourcing, Sweatshops, Walmart  
photograph: Hasan Raza/AP photograph: Hasan Raza/AP Imitating Sgt. Schultz of “Hogan’s Heroes,” Walmart executives claimed they knew nothing—NOTHING—about working conditions in a garment factory in Bangladesh where 112 workers died and more than 150 were injured in a fire. Tazreen Fashions made Walmart’s Faded Glory brand clothes, as well as clothes for Sears and ...

Tim Jorstad: Public Banking Leads to Stronger, More Diverse Economy

Posted On Wednesday, November 28, 2012 By Editor. Under Economics  Tags: Public Banking  
ECON_public-banking_88The following is a guest editorial by Tim Jorstad. Mr. Jorstad is founder and Chairman of the AltaPacific Bank, a commercial bank located in both Northern and Southern California. This editorial calls for a public bank specifically in the context of Sonoma County, California. Much more information on the public banking ...

Jill Stein: Winning labor’s battles requires independent politics

Posted On Monday, September 3, 2012 By Editor. Under Labor, Take Action  Tags: Green New Deal, Green Party, Jill Stein, Labor Day  
wtxx-green-party-candidate-for-president-jill-stein-fundraiser-at-winchester-restaurant-june-29-20120629The following is a Labor Day editorial by Green Party presidential candidate Jill Stein.  I welcome and endorse the AFL-CIO’s campaign to finally fulfill President Roosevelt’s 1944 call for a second, Economic Bill of Rights, including the rights to jobs, living wages, labor unions, voting rights, health care, education, and retirement ...

Don’t Count Out the Labor Movement

Posted On Monday, September 3, 2012 By Walter M. Brasch. Under Labor    
classwarAlmost every conservative political columnist, pundit, commentator, blogger, and bloviator has written about the decline and forthcoming death of the labor movement. They happily point to Wisconsin, where Republican Gov. Scott Walker shortly after taking office in January 2011 took advantage of a Republican majority in the House and Senate to ...

Expert Economist Sees New Unemployment Normal at 7%

Posted On Thursday, August 23, 2012 By Paul Barrow. Under Economics    
capitalism-isnt-working-protestAn article in Market Watch a couple of weeks ago, written by Steve Goldstein, indicates that declining productivity in America's marketplace is causing a change in the level at which unemployment rates are due to settle as the new norm. Currently we have 1.7% GDP growth, 1% job growth, and ...

Occupy Activists Suggest Running Foreclosed Home for President

Posted On Saturday, July 14, 2012 By Editor. Under Comedy, Context2012, Economics  Tags: Elections, Foreclosure, Occupy  
foreclosure-largeSince corporations are people, it stands to reason that houses are people too, and hence eligible to run for president, right? (Just...just go with it, okay?) At least one set of Occupy activists thinks this isn't such a bad idea, and they've started a Facebook group for that very purpose: ...

Health Care and the Way We Play-Act at Democracy

Posted On Friday, July 6, 2012 By Russell Arben Fox. Under Economics, Politics & Policy  Tags: Community, Democracy, Health Care, Supreme Court  
So, it's been more than a week since the Supreme Court, against my expectations, upheld the Affordable Care Act by issuing a 5-4 decision in NFIB v. Sebelius. A couple of commenters, both before I left town for the week in which the decision ended up being handed down, ...

Single Payer Still More Popular Than ObamaCare

Posted On Saturday, June 30, 2012 By Thad McGregor. Under Economics, Politics & Policy  Tags: Health Care, Obama, Single Payer  
image003Our economist friend Doug Henwood pointed this out earlier today: Support for Obamacare has clustered in the low 40s, according to the Kaiser Family Foundation polls. According to a Wikipedia review, support for single-payer over the last 5 years has averaged 52% - or 58%, if you leave out the partisan ...

The Supreme Court: Already Undemocratic, and Just Getting More So

Posted On Monday, June 25, 2012 By Russell Arben Fox. Under Economics, Politics & Policy  Tags: Affordable Care Act, Democracy, Individualism, Judiciary, Liberalism  
The Supreme Court will almost certainly hand down its decision on the constitutionality of the Affordable Care Act this Thursday. I'm going to be out of town when that happens, camping with my daughters in Oklahoma. So let me get my prediction in now, which some of you already ...

American Patriotism in Hyper-Drive

Posted On Saturday, June 23, 2012 By Walter M. Brasch. Under Editorial, Labor, Politics & Policy  Tags: Flag Day, Independence Day, Walter Brasch  
ows1It’s midway between Flag Day and Independence Day. That means several million copies of full-page flags printed on cheap newsprint, June 14, have been burned, shredded, thrown away, or perhaps recycled. It’s an American tradition. Flag Day was created by President Wilson in 1916 on the eve of the American entry into ...
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