Truthout
Economy & Labor

Detroit Red Wings Get New $400 Million Taxpayer-Financed Stadium While the City Goes Bankrupt
Frank Hammer: Detroit's road to ruin was paved by an ill-conceived economic model.

Detroit: Donald Cohen Warns of Privatization, Calls for Bailout
Detroiters are threatened with losing democratic control over public services.

On the News With Thom Hartmann: Republicans Are Thrilled That Detroit Has Filed for Bankruptcy, and More
In today's On the News segment: For the GOP - the fall of Detroit is a talking point goldmine; The operator of Japan's crippled Fukushima nuclear power plant admitted …

Chicago Fires More than 2,000 School Staff as Crippling Cuts Deepen
Austerity deepens in Chicago this year with the firing of more than 3,000 total school staff after closing 50 schools.

Israel and the Palestinian Government Agree to Return to Negotiations
A unique combination of pressures pushed the two leaderships to agree to a resumption of negotiations, but the prospects of the talks remains grim.

Mismeasuring Our Economy: Why the GDP is Not Useful
The GDP is the most commonly cited economic metric but it doesn't tell us what we need to know.

Economic Update: Economics and Religion
Updates on Fiat labor struggles in Italy, stagnating real wages in US, capitalist corruption (US, China, Russia), "eminent domain" helps homeowners against foreclosure. Interview with Dr. Obery Hendricks, Jr., …

Fast Food and Neoliberalism: Response to David Freedman’s Call to Get out of McDonalds’ Way
David Freedman's argument on fast food and elitism does not hold up to critical scrutiny.

Hedges: We Must Grasp Reality to Build Effective Resistance
In the continuation of Paul Jay's Reality Asserts Itself interview with Chris Hedges, they discuss the fantasy that we can have everything we want and the reality of the …

On the News With Thom Hartmann: Senator Elizabeth Warren Pushes to Save Economy and Reinstall the Glass Steagall Act
Elizabeth Warren attempts to reinstall the Glass Steagall Act, legislation that would break up the power of big banks.