Privatization Costs Taxpayers More Than Government Workers

By DANA LIEBELSON POGO, September 13, 2011 The U.S. government’s increasing reliance on contractors to do work traditionally done by federal employees is fueled by the belief that private industry can deliver services at a lower cost than in-house staff. But a first-of-its-kind ... Read more

U.S. Has Weakest Employment Protections Among OECD and BRICS

Middle Class Political Economist September 5, 2011 This is the first in a series of posts on the sorry state of American labor. International comparisons make this very clear. U.S. workers are more vulnerable than workers in any Organization for Economic Cooperation and Development ... Read more

Old Energy Sources Destroy the Environment and Health

Wyoming’s smog exceeds Los Angeles’ due to gas drilling By Wendy Koch, USA TODAY, March 9, 2011 Mead Gruver, AP Rural Wyoming, known for breathtaking vistas, now has worse smog than Los Angeles because of its boom in natural gas drilling. Residents who live near the gas fields in ... Read more

Over 20 Million Americans are Sharing a Home With Others

More Americans ‘double up’ in tough economy By Mary Ellen Podmolik Chicago Tribune, September 14, 2011 There’s been talk of people sharing homes during the recession, and now the Census Bureau has released the data to prove it. This spring, there were 21.8 million ... Read more

The Global Economy

The Non-Scenic Route to the Place We’re Going Anyway John Lanchester on the global economy The London Review of Books September 8, 2011 Quarterly GDP data don’t, on the whole, tend to make the person studying them laugh out loud. The most recent set, however, are an exception, despite the fact that the general picture is of ... Read more

Less Work, More Living

Working fewer hours could save our economy, save our sanity, and help save our planet. by Juliet Schor posted Sep 02, 2011 Millions of Americans have lost control over the basic rhythm of their daily lives. They work too much, eat too quickly, socialize too little, drive and sit in traffic for too many hours, don’t get ... Read more

Wall Street’s Secret Oil Games

Senator Bernie Sanders September 16, 201 The top six financial institutions in this country own assets equal to more than 60 percent of our gross domestic product and possess enormous economic and political power. One of the great questions of our time is whether the American people, through Congress, will control ... Read more

Super Committee Targeted By Lobbyists

Reuters September 16, 2011 WASHINGTON, September 16 (Reuters/Tim Reid) – The special “super committee” tackling U.S. deficit reduction was meant to operate independently and free from outside influence — but Washington’s corps of high-paid lobbyists has found a way in. They ... Read more

The $2 Billion UBS Incident: ‘Rogue Trader’ My Ass

By Matt Taibbi Rolling Stone, September 15, 2011 The news that a “rogue trader” (I hate that term – more on that in a moment) has soaked the Swiss banking giant UBS for $2 billion has rocked the international financial community and threatened to drive a stake through any chance Europe ... Read more

Huge disparity in share of total wealth gain since 1983

By Lawrence Mishel Economic Policy Institute, September 15, 2011 It is widely acknowledged that wealth declined substantially between 2007 and 2009 as the housing bubble burst and stock prices fell. This wealth shrinkage was especially hard on the middle class and those groups (such as ... Read more