by Dave McGill
It seems a little inappropriate, yet rather symbolic, that as millions of Americans continue to struggle with the loss of their jobs and homes, the financial elite are ensconced in a bubble of luxury featuring all the amenities that Jackson Hole, Wyoming has to offer; while, at the same time, the president and [...]

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by Dave McGill
This is no longer a sputtering recovery. It is an economy in a nosedive with jobs as its centerpiece. The dimensions of the new collapse are exploding the myths that have been spouted by the elitist economists who claim to represent the “conventional wisdom” of the day. Of course, nearly all these particular [...]

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by Dave McGill
For those who try to make some sense out of the headlines that invariably only trumpet the stock data, stop right now. It’s a complete waste of time.

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by Dave McGill
July data, released by the Labor Department today, showed the unemployment rate holding at 9.5 %, but only because fewer people were looking for work. Also, the total, non-farm workforce fell by 131,000 jobs, more than double what had been expected.

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by Robert Reich
Second-quarter earnings reports are coming in, and they’re making Wall Street smile. Corporate profits are up. And big American companies are sitting on a gigantic pile of money. The 500 largest non-financial firms held almost a trillion dollars in the second quarter, and that money pile is growing larger this quarter. Profits [...]

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