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Economy


Digital Superpowers Poised To Increase Global Inequities Under the Label of E-Commerce
Public forum sheds light on dangers ahead for most countries by the push for comprehensive deregulation backed by big players at the forefront of new technologies like Big Data and Artificial Intelligence

  November 20, 2017

Divided Congress Unites to Spend $700B on Military and War
House Democrats and Republicans have approved a nearly $700 billion military spending bill, almost $100 billion more than President Trump and the war profiteers he's appointed had sought

  November 18, 2017

GOP Tax Plan Would Scrap 'Individual Mandate' and Raise Premiums
Senate Republicans' tax reform proposal and their plans to repeal the individual mandate are the "same sort of cynicism," says economist Dean Baker

  November 16, 2017

Trump's Tax Man, and Tax Plan, for the 1%
As Republicans prepare to unveil a tax plan favoring the wealthiest Americans, President Trump has quietly tapped a problematic interim IRS Director, says economist Dean Baker

  November 2, 2017

'Serving Our Country': Hospitality Workers' Union Organizes National Day of Action
Many hospitality workers struggle to make ends meet in a $180 billion industry

  November 1, 2017

Real Media: Who is Driving the Cashless Society?
Financial activist & author Brett Scott details the motives behind the drive for cashless society, who will benefit and why technology has a chronic ethical problem

  October 30, 2017

IMF Worried that High Inequality Could Threaten Global Capitalism
All income growth of the past few years is going to the top 10 percent, without paying more in taxes. IMF says that higher taxation of the top earners would not impinge on economic growth, explains economist Michael Roberts

  October 27, 2017

No Evidence that Trump's Tax Plan Would Boost Economy or Create Jobs
There is no evidence to support Republican arguments that cutting corporate and small-business taxes will boost the economy or create jobs, says Gerald Epstein of UMass Amherst. 'In the end, the only ones that, of course, are going to gain, are the corporations'

  October 24, 2017

Finance Has Become the Dominant Force in Shaping the Global Economy
Global inequality, household indebtedness, insufficient investment and stagnant economic recovery are the consequences of the dominance of large financial and corporate bodies in shaping globalization, explains Richard Kozul-Wright, UNCTAD's chief economist

  October 24, 2017

Clean Energy is a 'Powerful Engine of Job Opportunity'
Contrary to what EPA chief Scott Pruitt says, investing in clean energy 'is an enormous source of job creation relative to maintaining our fossil fuel economy,' says economist Bob Pollin

  October 13, 2017

Potential Fed Chair Kevin Warsh: A 'Classic Trump Pick'
President Trump's consideration of Kevin Warsh to replace Janet Yellen as chair of the Federal Reserve would be a typical Trump appointment: a wealthy, well-connected investment lawyer with a terrible track record, says economist Dean Baker

  October 13, 2017

Can Trump's Tax Reform Raise Household Income by $4,000?
During a rally in Harrisburg, PA, Trump claimed that his tax reform would raise incomes by $4,000 per household. Economist Dean Baker disputes that tax breaks generate greater economic activity and thus raise incomes as Trump claims

  October 12, 2017

Trump's Tax Plan Helps Wall Street, Not Main Street
'It should be called the Leona Helmsley tax plan,' says economist Michael Hudson. 'Only the little people will pay taxes'

  October 5, 2017

Massachusetts First to Sue Equifax Over Massive Hack
Several government agencies and at least 34 state attorneys general have opened investigations into the Equifax data-breach scandal--which is 'the gift that keeps on giving,' says white-collar criminologist Bill Black

  September 20, 2017

Hosting Amazon's New Headquarters: Burden or Benefit?
Cities across the U.S. are in a bidding war to host Amazon's $5 billion investment, but Seattle journalist Richard Silverstein cautions that having Amazon as a neighbor isn't a 'honeymoon romance'

  September 15, 2017

Equifax Data Breach is a 10 out of 10 Scandal
The hacking of consumer credit reporting giant Equifax, and the company's 'cynical' handling of it, is a far-reaching disaster that borders on criminal, says financial regulation expert Bill Black

  September 8, 2017

Amazon-Whole Foods Price Cuts Could Have A Short Shelf Life
Food and Water Watch's Patrick Woodall says that the incredible wave of mega-mergers in recent years shows that "regulators have been asleep at the switch"

  August 30, 17

Social Security A Success Story: Can It Withstand Republican Privatization Attacks?
Republicans continue to launch efforts to privatize and dismantle the very efficient Social Security program says economist Dean Baker

  August 24, 2017

Intellectual Property Rights Protect Massive Profits of Corporations
We need to debate and revise the intellectual property rights regime, which is not only dysfunctional for us, but especially for developing countries, says Dean Baker, co-director of CEPR

  August 17, 2017

Stock Market Boom is Bad News for Wages
The record-setting stock market is likely rooted in forecasts that corporate profits will grow at the expense of workers' wages, says economist and "Rigged" author Dean Baker

  August 10, 2017

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