The new White House budget proposal is getting a lot of attention because it explicitly connects the Obama administration to an agenda that includes cutting Social Security and Medicare benefits. Some pundits see this as a way to appeal to the "middle." But does anyone– in the middle or anywhere else–really want to cut the safety net?
Household wealth is on the rebound, USA Today reports–but mostly because of the stock market. Which means it means next to nothing to the vast majority of us.
Former Reagan budget director David Stockman is outraged–outraged I tell you!–by the Federal Reserve increasing the money supply. In a lengthy op-ed on the front page of the New York Times Sunday Review (3/31/13), he condemns "the mad money printers at the Federal Reserve" with their "egregious flood of phony money" and "a radical, uncharted spree of money printing." The Fed's "panic-stricken melee of…money-printing," he writes, is part of "the single most shameful chapter in American financial history." For all this moral indignation, however, he never gets around to explaining what exactly is wrong about "printing money." It's certainly possible [...]
On the 102nd anniversary of the Triangle Shirtwaist fire, Janine Jackson's article in the last issue of Extra! (3/13) is a sobering reminder that not that much has changed in the last century as far as worker safety is concerned: What should be done to prevent incidents like the January 26 fire at the Smart Fashion Export factory in Dhaka, Bangladesh, in which at least seven garment workers (three of them teenage girls) were killed, their escape impeded by a blocked exit and the absence of the most rudimentary fire safety equipment? The answer for many would be: whatever is [...]