Truthout
Economy & Labor

Economic Update: This System Does Not Work
Richard D. Wolff gives an economic update on the Olympics; Chicago university faculty strike; Chevron's contempt; Gallup poll on unemployment; and more.

On the News With Thom Hartmann: Raising the Minimum Wage Could Decrease Jobs for Low-Wage Workers, and More
The Department of Homeland Security wants to keep a record of where you drive your car.

The Social Value of Finance
What is missing, Rahman argues, is any actual consideration of the social value of finance in general and financial innovation in particular.

Thomas Friedman Escaped and Is Writing About Economics Again
Thomas Friedman is loose in Silicon Valley, the economic hub best known for colluding to rip off its workers.

On the News With Thom Hartmann: Workers at a Volkswagen Plant in Tennessee Voted Against Joining a Union, and More
Workers at a Volkswagen Plant in Chattanooga, Tennessee voted against joining the United Auto Workers union, and more.

Hundreds Protest Tax Breaks for Twitter, Tech Companies
Hundreds of protesters picketed Twitter's offices because of an exceptionally generous tax break it receives from San Francisco.

The Economics of the 1%: Deficit Disorders and Debt Delirium
John Weeks: A fundamental misconception of neoliberal economics is that governments need to balance their budgets like a household.

Economic Update: The Death of the Middle Class
Updates on polls showing most Americans want less inequality; why Tea Party types fixate on government debt; why French right-wing and other far-right parties gain support; and more.

On the News With Thom Hartmann: Republicans Want To Hold Our Economy Hostage Again, and More
Republicans want to hold our economy hostage again, but they may not get the chance to do so, and more.

What Philip Seymour Hoffman’s Death Can Teach Us About Climate Change (Really)
For the State Department to suggest that the Keystone XL pipeline will not have a negative impact on the environment is like Walter White telling Phillip Seymour Hoffman that …