CEOs are living the good life. On the company’s dime. America’s 100 best-paid corporate chiefs got an 18.7 percent boost in their perks packages, according to a survey of executive pay performed by Equilar for The New York Times. Those perks,… Read More ›
The estimated 50 million Americans already living in poverty will be hit hardest by the $85 billion in spending cuts set to begin after Democrats and Republicans failed to reach an agreement over the most effective way to address the… Read More ›
KFC manager’s version changes Written by Emily Le Coz A Tupelo woman hired earlier this month by a KFC was fired Monday after the franchise owner discovered she’s homeless. Eunice Jasica has been staying at the Salvation Army lodge since early… Read More ›
By Jeff Spross What nobody talks about. Between the new-and-improved Simpson-Bowles plan, Joe Scarborough’s feud with Paul Krugman, the relentless drumbeat of the entire Republican Party, and the media blitzkrieg launched by the billionaire-driven “Fix the Debt” campaign, one might think no serious and responsible American can ignore… Read More ›
You may have seen charts like the one to the right from the Economic Policy Institute, showing how working people’s wages stopped going up along with productivity gains. This means the gains went…somewhere else. See if you can guess who got… Read More ›
Activists are mobilizing around President Obama’s call to raise the minimum wage to $9.00, and polling shows that Americans across the political spectrum agree with such a policy. But here’s an interesting fact about what the minimum wage could be instead. The… Read More ›
Seems like trouble is brewing for Ron Paul and his liberty-loving acolytes. In two separate incidents this week, it appears that Rep. Paul is proving things aren’t always as sunny as they seem in Paul-idise. The first situation started when… Read More ›
For more than twenty years now, the “free market” has been the rallying cry of American politics. Conservatives sing its praises while occasionally betraying it when it suits their constituency, liberals won’t criticize it but claim that it needs to… Read More ›
AFP Photo / China out China has passed the US as the world’s biggest trading nation as measured by the sum of exports and imports in 2012. It’s a position the US has held for over six decades. US exports… Read More ›
By HELAINE OLEN THE odds are good that you haven’t yet given up on your New Year’s resolutions and that one of them is to swear off those expensive cappuccinos and save money for your old age. That’s a typical suggestion… Read More ›
AFP Photo / Tony Karuba Powerful firms like Goldman Sachs have made hundreds of millions of dollars in food future trades. Critics accuse them of profiting off starvation and market manipulation, while traders claim their profits are due to increasing… Read More ›
By Nick Wing Tennessee state Rep. Stacey Campfield (R) introduced a bill this week seeking to make welfare benefits contingent upon the grades of a would-be recipient’s children. Campfield’s legislation, filed Thursday, would “require the reduction of Temporary Assistance to Needy Families… Read More ›
AFP Photo / Ahmad Al-Rubaye The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is… Read More ›
by PAUL WALDMAN As we draw closer to the withdrawal in Afghanistan promised at the close of 2014, a look back at America’s longest war. In October 2001, George W. Bush told the country he was sending the American military to… Read More ›
The figure below shows the number of unemployed workers and the number of job openings by sector. Unemployed workers far outnumber job openings in every sector, underscoring the fact that the main cause of today’s persistent high unemployment is a… Read More ›
The Red Phoenix 