Truthout
Economy
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The $7.25 Minimum Wage Is Too Low for 21st Century America
On July 24, 2009, America's minimum wage went up from $6.55 an hour to $7.25 an hour. It hasn't changed since.
Raising the Minimum Wage Is Cheap and Easy
At the current rate of $7.25 an hour, a full-time, year-round worker would have gross pay of less than $15,000 a year.
A Student Debt Strike Force Takes Off
Can young people re-imagine the burden of debt as a a productive tool, rather than a means to profit?
“Do Business Schools Incubate Criminals?“
Luigi Zingales, who teaches at the University of Chicagou2019s business school, had an op-ed in Bloomberg provocatively titled u201cDo Business Schools Incubate Criminals?u201d He argues that business schools are …
The Shots Heard Round the World: Argentina’s Radical Banking Reforms
At a time when most governments seem incapable of doing anything about unemployment, worsening economic inequality, and continuing financial instability, Argentina has adopted a set of striking new reforms …
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In Significant Expansion, US Drug War Heads to Africa
In a significant expansion of the war on drugs, the United States has begun training an elite unit of counternarcotics police in Ghana and planning similar units in Nigeria …
The Olympic Games: Who Wins?
The Olympic Games have grown into a multibillion dollar industry. But with that growth comes concerns about the negative effects of the event on the people and places where …
Economic Update: “False Choices and Bad Decisions”
Updates on Chinese economy's response to global crisis, $6.6 billion legal deal among banks, credit card companies and retailers, and food stamp cuts threatened.
Cap and Trade Resurrected? Some States Awaken to Its Economic Benefits
Evidence showing that cap and trade can bolster a new revenue stream has some state and federal officials quietly seeking answers.
Nationalism vs. Capitalism: Guess Which One Wins?
There are two very powerful, and fully internalized ideologies in todayu2019s America: one is nationalism and the other is capitalism.