Joseph Stiglitz: 'This Deficit Fetishism Is Killing Our Economy'
To Joseph Stiglitz, the Nobel Prize-winning economist, the economy's strange behavior can be traced to the growing gap between wealthy Americans and everyone else.
| huffingtonpost.com | 10-08-2012

De “qué tanto” a “qué tipo” de Estado.
Superar la pobreza y la miseria requiere  el desarrollo de capacidades y oportunidades. El sistema educativo, sobre todo el público, tiene la posibilidad de llegar a ser la principal palanca para la nivelación social y para sentar las bases de un nuevo modelo de desarrollo más incluyente.
Julio Sánchez-Maríñez | perspectivaciudadana.com | 29-07-2012

U.S. Poverty On Track To Rise To Highest Since 1960s

Hope Yen | huffingtonpost.com | 23-07-2012

Half Of American Households Hold 1 Percent Of Wealth.
The share of the nation's wealth held by the less affluent half of American households dropped precipitously after the financial crisis, to 1.1 percent, according to new calculations by Congress's nonpartisan research service.
Dan Froomkin | huffingtonpost.com | 20-07-2012

June Jobs Report: U.S. Adds 80,000 Jobs; Unemployment Rate Unchanged.
  Washington.- The American job machine has jammed. Again. The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in a summer slump for the third year in a row.  
Paul Wiseman y Christopher S. Rugaber | huffingtonpost.com | 07-07-2012

Likelihood Of U.S. Recession In 2012 Tops 50 Percent: Fed Paper.

Reuters | huffingtonpost.com | 15-11-2011

U.N. Study: Austerity Measures Pushing World Economy Toward Disaster
Geneva (Tom Miles) - The pursuit of austerity measures and deficit cuts is pushing the world economy toward disaster in a misguided attempt to please global financial markets, the annual report of the United Nations economic thinktank UNCTAD said on Tuesday.
Reuters | huffingtonpost.com | 07-09-2011

The Hostage Crisis Continues: Why Obama Can’t Pivot to Jobs and Growth
With the hostage crisis behind him, the President is now ready to talk about the nation’s real problem.
Robert Reich | robertreich.org | 03-08-2011

Unemployed Ignored In Debt Ceiling Deal
Washington.- The long-term unemployed have been left out of a deal between congressional negotiators and the White House to enact massive spending cuts and raise the nation's debt ceiling before its borrowing limit is reached on Tuesday.
Arthur Delaney | huffingtonpost.com | 02-08-2011

Ransom Paid
Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.
Robert Reich | robertreich.org | 01-08-2011

Recovery Derailed: June Jobs Report Stokes Fears Of Return To Recession
Two years after the official end of the Great Recession, much of the country has yet to feel a sense of meaningful recovery. Friday's unexpectedly grim government report on the state of the American job market deepened fears that genuine economic revival could yet be a long way off.
Lila Shapiro | huffingtonpost.com | 10-07-2011

The Desperation of the Don’t-Raise-Taxes-on-the-Rich Crowd
Since the early 1980s, a larger and larger share of total income has gone to the top (the richest 1 percent of Americans got 10 percent of total income in 1980, and get over 20 percent now). That’s left the vast middle class with insufficient purchasing power to boost the economy – without going deep into debt. Lower tax rates on the rich — including lower capital gains rates — have exacerbated this regressive trend.
Robert Reich | robertreich.org | 17-06-2011

Fears Of Weakening Economy Threaten U.S. Recovery As Consumer Sentiment Falls
New York.- Just a couple of months ago, it seemed the slow economic recovery was starting to gather momentum.
William Alden | huffingtonpost.com | 25-03-2011

The Big Lie
Republicans are telling Americans a Big Lie, and Obama and the Democrats are letting them. The Big Lie is our economic problems are due to a government that’s too large, and therefore the solution is to shrink it.
Robert Reich | robertreich.org | 04-01-2011

Why the Tax Deal Confirms the Republican Worldview
Apart from its extraordinary cost and regressive tilt, the tax deal negotiated between the President and the Republicans has another fatal flaw. It confirms the Republican worldview.
Robert Reich | robertreich.org | 09-12-2010

Euro Zone Is Imperiled by North-South Divide
Lisbon.-  Sara Vale Lima, sales manager at Eical, a Portuguese textile company, feels suffocated by the euro. The common currency once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness.
Steven Erlanger | nytimes.com | 03-12-2010

Why We Should Beware Budget-Deficit Mania
No smart family would choose to balance the family budget over borrowing money to send the kids to college. The same logic holds for the nation as a whole. If certain government spending generates higher future productivity, we’d be nuts not to make the investment just to avoid a larger deficit.
Robert Reich | robertreich.org | 11-11-2010

Currency Fight With China Divides U.S. Business
ZHUJI, China — For American business, the United States currency dispute with China is a two-sided coin. On the tails-we-lose side are companies like New York-based PS Brands, one of the biggest American importers of socks. With the Obama administration pressing China to raise the value of its currency, the cost of Chinese-made socks is likely to rise. So PS Brands’ main supplier here is demanding shorter contracts at higher prices.
David Barboza | nytimes.com | 17-11-2010

U.S. Economy Grew at a 2% Rate in the Third Quarter
The United States economy grew at an annual rate of 2 percent in the third quarter, the Commerce Department reported Friday, as it struggles to gain any momentum for a sustained recovery.
Michael Powell | nytimes.com | 29-10-2010

Scary New Wage Data
Measured in 2009 dollars, total wages fell to just above $5.9 trillion, down $215 billion from the previous year. Compared with 2007, when the economy peaked, total wages were down $313 billion or 5 percent in real terms. The number of Americans with any wages in 2009 fell by more than 4.5 million compared with the previous year. Because the population grew by about 1 percent, the number of idle hands and minds grew by 6 million.
David Cay Johnston | tax.com | 26-10-2010

Five Zombie Economic Ideas That Refuse to Die
The theories that caused the financial crisis are still out there, lurking in the shadows.
John Quiggin | foreignpolicy.com | 18-10-2010

Geir Haarde, Iceland Ex-PM, Indicted For Role In Financial Crisis
Reyjavik, Iceland.- Iceland's former Prime Minister Geir Haarde has been referred to a special court in a move that could make him the first world leader to be charged in connection with the global financial crisis.
Gudjon Helgason/Paisley Dodds | huffingtonpost.com | 29-09-2010

The Super Rich Get Richer, Everyone Else Gets Poorer, and the Democrats Punt
The super-rich got even wealthier this year, and yet most of them are paying even fewer taxes to support the education, job training, and job creation of the rest of us. According to Forbes magazine’s annual survey, just released, the combined net worth of the 400 richest Americans climbed 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline.
Robert Reich | robertreich.org | 24-09-2010

Recession Raises Poverty Rate to a 15-Year High
With the country in its worst economic crisis since the Great Depression, four million additional Americans found themselves in poverty in 2009, with the total reaching 44 million, or one in seven residents. Millions more were surviving only because of expanded unemployment insurance and other assistance.
Erik Eckholm | nytimes.com | 17-09-2010

China Shifts Away From Low-Cost Factories
Dongguan, China.- Companies here in China’s industrial heartland are toiling to reinvent their businesses, fearing that the low-cost manufacturing that helped propel the nation’s economic ascent is fast becoming obsolete.
David Barboza | nytimes.com | 16-09-2010

Obama Against a Compromise on Extension of Bush Tax Cuts
Washington.- President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies.
Jackie Calmes | nytimes.com | 08-09-2010

1938 in 2010
Here’s the situation: The U.S. economy has been crippled by a financial crisis. The president’s policies have limited the damage, but they were too cautious, and unemployment remains disastrously high. More action is clearly needed. Yet the public has soured on government activism, and seems poised to deal Democrats a severe defeat in the midterm elections.
Paul Krugman | nytimes.com | 06-09-2010