Truthout
Economy

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Inflation Hawks: The Job Killers at the Fed
Many in the financial industry couldn't care less about unemployment. They don't want to risk any inflation that could erode the value of their wealth.

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The United States Has Excelled in Illegal Goods and Smuggling People Since Its Founding
“Smuggler Nation” takes on the notion that the United States has been strictly a law-abiding nation when it comes to imports.

Economists Call on Congress to Mitigate Fallout from Ruling on Argentine Debt
Over 100 economists, including Nobel laureate Robert Solow, Branko Milanovic and Dani Rodrik called on Congress today to take action to mitigate the harmful fallout from the recent ruling …

Job Growth Slows in July
Wage growth slowed slightly in the last quarter to 1.8 percent from 2.0 percent in the last year.

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World Bank Board Declines to Revise Controversial Draft Policies
A key committee of the World Bank’s governing board Wednesday spurned appeals to revise a draft policy statement that, according to nearly 100 civil-society groups, risks rolling back …

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Report Criticizes EPA Oversight of Injection Wells
The Government Accountability Office says environmental regulators are failing to adequately enforce rules for wells used to dispose of toxic waste from drilling.

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Anti-Politics and the 1%
Anti-politics rejects the electoral-representative institutions of contemporary democracies. There are two opposite forms of anti-politics, one striving toward a technocracy controlled by oligarchies and corporations, and one striving toward …

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Engines of Destruction
Maybe we are already on the eternal train of global capitalism that is taking us for a ride.

Economic Update: Civil Disobedience and Occupying Restaurants
Updates on fast food workers, GDP data, Salt Lake City dailies and bathroom breaks. Wolff interviews mental health counselor Harriet Fraad. Replies on FDR vs. Obama and on how …

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Worth More: One Man or an Entire City?
What does it say about our society when one hedge fund manager makes a bigger income than the whole population of Springfield, Ohio or Burbank, California?