BY Masao Suzuki | San José, CA | 7/28/11
A proposal for a federal budget that serves working people and not the rich and corporations needs to include four points.
BY Masao Suzuki | United States | 7/26/11
The Bipartisan Senate Proposal is being pushed by the so-called Gang of Six - Saxby Chambliss (R-Georgia), Tom Coburn (R-Oklahoma), Kent Conrad (D-North Dakota), Mike Crapo (R-Idaho), Dick Durbin (D-Illinois), and Mark Warner (D-Virginia). Four of them were members of the National Commission on Fiscal Responsibility and Reform which was unable to pass a proposal to cut the Federal Budget deficit. This proposal has been welcomed by President Obama, who said that he endorsed the thrust of the proposal.
BY Masao Suzuki | San José, CA | 7/25/11
In the current debate about what to do about the debt ceiling, there are two positions that are prominent in Washington, D.C. and in the corporate controlled media. One is the House Republican position summarized as Cut, Cap, and Balance, and the other is the Senate bipartisan position that has been welcomed by President Obama.
BY Masao Suzuki | San José, CA | 7/18/11
On July 8, the U.S. Department of Labor released its report on unemployment and new job creation for the month June. The report said that the unemployment rate rose for the third month in a row to 9.2%, while only 18,000 new jobs were created. The job creation was much worse than most mainstream economists expected, and was less than one-tenth as many new jobs as in February, March and April. The number of new jobs created in May was revised down from a weak 54,000 to an even worse 25,000.
BY Mick Kelly | Minneapolis, MN | 7/14/11
The framework agreement reached by Minnesota Governor Mark Dayton and Republican politicians is a victory for big corporations and Minnesota’s wealthy. For the rest of us, it is a setback.
BY staff | Saint Paul, MN | 7/14/11
On July 13, members of the Welfare Rights Committee rolled out a huge banner on the steps of the Minnesota state capitol building.
BY Masao Suzuki | San José, CA | 7/09/11
In less than a month, the federal government will have to either raise the limit on how much it can borrow, or will have to slash spending by $120 billion each month.
BY Masao Suzuki | United States | 6/27/11
On June 21, the Chairman of the U.S. Federal Reserve Bank, Ben Bernanke, gave a very downbeat report on the U.S. economy following a two day meeting of the Fed.
BY Masao Suzuki | United States | 6/22/11
On June 19th the Washington Post published “With Executive Pay, Rich Pull Away from Rest of America” by Peter Whoriskey. This very informative article connected the rise in corporate executive’s pay with the growing economic inequality in the United States, using the example of a large U.S. dairy company combined with recent research by economists on high incomes. At the same time the article only offered very vague explanations for why the rich are winning out at the expense of almost everyone else.
BY staff | Chicago, IL | 6/16/11
Over 3000 teachers, healthcare workers, janitors and community activists descended on the corporate leaders meeting here, June 14 outside the Midwest CEO/CFO conference.