finance

If asked the question, “Do you think governments should support renewable energy with subsidies?” most progressive trade unionists would probably

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2022-09-112022-09-12 Samir Sonti

Who Pays for Inflation?

Caption: Fred Wright cartoon from the 1970s, updated to reflect increases in corporate profits, prices and wages over the past

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2021-01-082021-08-20 Robert C. Hockett

Labor’s Capital: Why and How to Put Public Capital at the Service of Labor

Setting the Stage Here in the United States, we have an economic system in which public capital—the publicly issued national

Featured Organized Money: What Is Corporate America Thinking?

2020-09-042020-09-11 Max Fraser

Public Health, Private Equity, and the Pandemic

UPMC Susquehanna closed the former Sunbury Community Hospital on January 31, 2020–about six weeks before the COVID-19 pandemic reached the

Reverend N. José “Pepe” Wilkinson and other members of the Invest in San Diego Families Coalition at People’s Budget press conference in January 2017, calling on county supervisors to dramatically increase funding for services.

Featured Organized Labor & Worker Organizing

2018-01-182018-05-31 Marilyn Sneiderman and Secky Fascione

Going on Offense During Challenging Times

How collective bargaining becomes a revolutionary act.

Featured Organized Money: What Is Corporate America Thinking?The Domestic Economy

2017-02-162021-09-14 Max Fraser

Gutting the Consumer Financial Protection Bureau

You know things have gotten bad for the banking industry when even the bankers themselves are beating up on their

Featured The Domestic Economy

2015-12-282018-06-21 Jennifer Taub

The Subprime Specter Returns: High Finance and the Growth of High-Risk Consumer Debt

Recognizing the risks to the public, regulators have begun to step in to curtail abuses and hold accountable those who violate the law in lending practices that affect all borrowers, including those with subprime credit scores. While default rates remain relatively low thus far with these subprime loans, we should guard against complacency. Despite the fact that large banks may be pulling back…

Featured The Domestic Economy

2015-10-152018-06-21 Elizabeth Tandy Shermer

Indentured Studenthood: The Higher Education Act and the Burden of Student Debt

Promising to do something about student debt has become the means for politicians to pretend they are doing something for the 99 percent. That was true even before the 2016 election campaign really got underway. Obama, after all, promised two free years of community college in his 2015 State of the Union address. That idea, like so many others from Republicans and Democrats, did not go anywhere, even though the most recent re-authorization of the 1965 Higher Education Act (HEA) expired in 2013. However, inaction is not just a symptom of Washington gridlock. The reality is that paying for college is a confounding, sprawling sector of the economy involving loans, grants, scholarships, and tax credits.