RECENT NEWS

The dramatic effect of poverty on death rates in the US

By Debra Watson WSWS, July 13, 2011 A research team from Columbia University’s Mailman School of Public Health in New York City has estimated that 875,000 deaths in the US in 2000 could be attributed to a cluster of social factors bound up with poverty and income inequality. According to ... Read more

Nearly $2 Trillion Purloined from U.S. Workers in 2009

By James M. Cypher Dollars and Sense In 2009, stock owners, bankers, brokers, hedge-fund wizards, highly paid corporate executives, corporations, and mid-ranking managers pocketed—as either income, benefits, or perks such as corporate jets—an estimated $1.91 trillion that 40 years ago would ... Read more

What History Teaches Us About the Welfare State

By Francois Furstenberg The Muskegon Chronicle In the wake of the economic crash, which has led to soaring budget deficits, Democrats and Republicans are negotiating “to move forward to trillions of spending cuts,” as House Majority Leader Eric Cantor said recently. A report from House Speaker ... Read more

Where Have America’s Jobs Gone?

Hiring at McDonald’s; Wireless Networks’ Job-Killing Effect; One Machine Doing The Work of Three By Justin Lahart and James R. Hagerty Wall Street Journal, July 12, 2011 Bloomberg NewsConstruction workers on a roof of a home in Phoenix There are many reasons U.S. companies give for their lack of robust ... Read more

The Ideological Crisis of Western Capitalism

By Joseph E. Stiglitz Project Syndicate, July 6, 2011 NEW YORK – Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980’s until 2007, American-style deregulated capitalism brought greater ... Read more