General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt. The announcement came as part of a larger restructuring by the car company as it seeks to focus production around the bigger vehicles in favor with U.S. consumers. US President Donald Trump went mad, [...]
Posts Tagged ‘Economy’
November 11th, 2018 - 11:16 am § in Donald Trump
Trump’s worker bonuses go pffft.
Remember the worker bonuses Trump bragged about after signing his deficit-financed tax giveaways to billionaires and corporations? “Large companies actually cut back on bonuses in 2018 and plan to do so even more next year, according to new data from Aon, an insurance broker. (It surveyed 1,000 bu[...]
October 13th, 2018 - 1:07 am § in Misc.
Castro on Education Versus Consumer Goods
Fidel Castro: My Life: A Spoken Autobiography Quotes shared via Kindle: “Well, I’d tell them that the consumer society is one of the most frightening, terrifying inventions of developed capitalism today in this phase of neoliberal globalization. It is disastrous, just awful, because I try to[...]
September 26th, 2018 - 11:06 pm § in Politics
Do unions help workers get higher wages?
It’s practically an article of faith that union jobs pay better. Do they? This graph (from Nate Silver’s “538” blog, based on BLS data) indicates they do. (Note: Public sector wages average more because of higher educational requirements and steady work schedules; most govern[...]
September 18th, 2018 - 12:43 pm § in Hypocrisy
Trumpism and the GOP
The GOP ain’t no more concerned with money. Just print more and more … [...]
August 14th, 2018 - 11:36 am § in Misc.
Labor’s shrinking share of GDP, 1947-2016
The U.S. economy has grown over the last half-century, but most of the gains have gone to the top 10%, and inflation-adjusted wages have been stagnant since 1970. Back then, labor got about 60%, and capital 40%, of what the economy produced. Today, those figures are reversed. This trend has gone han[...]
August 7th, 2018 - 9:52 pm § in Politics
Missouri voters annihilate GOP’s “right to work” law
Missouri voters overwhelmingly passed a referendum overturning a Republican-passed “right to work” law Tuesday, by more than a 2-to-1 margin. It was a major victory for labor. “Right to work” laws, which exist in 27 states, are anti-union measures that keep wages low. Read st[...]
June 21st, 2018 - 1:09 am § in Donald Trump
Trump Lost Our Battle For the 21st Century
Elections have consequences. The Trumpies shine with pride when there President wave a flag or celebrates their nation;s great white heritage. Meanwhile, we are losing, or have lost the battle for the 21st century, the battle for a 21st century of democracy in the traditions of Thomas Jefferso[...]
May 1st, 2018 - 12:56 am § in Uncategorized
According to a Bank of America Merrill Lynch report in June, interest rates in developed countries, in particular America’s 0.5 percent, are now at the lowest level in 5,000 years.
According to a Bank of America Merrill Lynch report in June, interest rates in developed countries, in particular America’s 0.5 percent, are now at the lowest level in 5,000 years. In their battle against deflation, countries such as Sweden, Switzerland or Japan have even turned to n[...]