The Fad Is Dead: Why “Just Energy Transition Partnerships” Are Failing
In the complicated world of “climate finance,” the Just Energy Transition Partnerships (JETPs) have been presented as the best thing
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debt
Global South Unions Search for a “Public Pathway” Approach to Energy Transition
Several decades ago, unions in the Global South were on the cutting edge of societal struggles for democracy, new forms
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Why We Need Debtors’ Unions
Even if they don’t bring on a recession, the Federal Reserve’s recent series of interest rate hikes have already dampened
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Is Care Work Already the Future?
“PROTESTORS ARE ESSENTIAL WORKERS.” Among the multitude of makeshift signs I saw on the Black Lives Matter (BLM) marches of
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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
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Going on Offense During Challenging Times
How collective bargaining becomes a revolutionary act.
Read MoreVideo: Debt, Wall Street, and Public Sector Unions
At last year’s conference on Public Sector Unions, Saqib Bhatti presented on how debt has replaced income in the US
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Debtors’ Island: How Puerto Rico Became a Hedge Fund Playground
You could call it a perfect storm: a fiscal crisis converging with a deep secular economic decline.1 Once touted as the showcase of U.S.- led economic development, debt-strapped Puerto Rico is currently embroiled in a struggle for survival. During the mid-twentieth century, Puerto Rico grew at a rapid pace, betting on cheap labor, privileged duty-free access to the U.S. market, and tax incentives for U.S. companies. By the 1970s, however, the formula had lost steam and …
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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…
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The Greek Inquisition: International Finance, Syriza, and the Greek Labor Movement
Why has the new Greek government failed to accomplish so much of what it had promised? And where does that leave the Greek labor movement? The government’s and the labor movement’s problems stem from the same fact, which has endured since the February 2012 signing of the second bailout agreement: Greece is no longer a sovereign nation state.
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