Economics

Popular Protests Are Spreading Across Central America, and Washington Is Getting Nervous

Popular Protests Are Spreading Across Central America, and Washington Is Getting Nervous Popular Protests Are Spreading Across Central America, and Washington Is Getting Nervous

As mass mobilizations sweep Guatemala and Honduras, the US prepares its usual response: Send in the military.

Jul 7, 2015 / Greg Grandin

Hollande and Merkel

Will Europe’s Leaders Come to Their Senses About Greece? Will Europe’s Leaders Come to Their Senses About Greece?

The time is now for Europe’s leaders to understand that this crisis is not about accounting, but the continent’s future.

Jul 7, 2015 / Katrina vanden Heuvel

German Chancellor Angela Merkel

Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel

Five leading economists warn the German chancellor, “History will remember you for your actions this week.”

Jul 7, 2015 / Thomas Piketty, Jeffrey D. Sachs, Heiner Flassbeck, Dani Rodrik, and Simon Wren-Lewis

Bernie Sanders: ‘I Applaud the People of Greece’

Bernie Sanders: ‘I Applaud the People of Greece’ Bernie Sanders: ‘I Applaud the People of Greece’

Bernie Sanders, Joe Stiglitz, and Dan Cantor on the necessity of voting “no” to austerity measures.

Jul 6, 2015 / John Nichols

Obama Overtime Pay

A Worker’s Take on the New Overtime Proposal A Worker’s Take on the New Overtime Proposal

Lifting the overtime threshold could give Lora McCrary an extra $15,000 a year to put towards retirement.

Jul 6, 2015 / Wendi C. Thomas

Greek anti-austerity protest

Greek Voters to Eurozone: We Can’t and Won’t Do This Anymore Greek Voters to Eurozone: We Can’t and Won’t Do This Anymore

A “No” vote meant acknowledging the end of the fantasy of a benevolent, neutral Europe and taking a leap of faith into the unknown.  

Jul 6, 2015 / Maria Margaronis

Retail Worker

The New Overtime Rules Are a Big Deal. Here’s Why. The New Overtime Rules Are a Big Deal. Here’s Why.

The overworked and underpaid American workforce has something to celebrate.

Jul 2, 2015 / Michelle Chen

UCLA

Why Philanthropy Won’t Solve the Higher-Ed Crisis Why Philanthropy Won’t Solve the Higher-Ed Crisis

Relying on the rich to make college affordable for poor students reinforces the system that created those inequalities in the first place.

Jul 2, 2015 / Feature / William Deresiewicz

Fast Food CEO Blames Low-Wage Workers for Poverty

Fast Food CEO Blames Low-Wage Workers for Poverty Fast Food CEO Blames Low-Wage Workers for Poverty

Andy Puzder neglects to mention that it’s the poverty wages his company pays its workers that force them to rely on the social safety net.

Jul 2, 2015 / Deepak Bhargava

Vietnamese Factory Workers

TPP Could Actually Make Working Conditions Worse in Vietnam TPP Could Actually Make Working Conditions Worse in Vietnam

The free market won’t break the country’s manufacturers’ reliance on forced labor, child labor, and dismal wages.

Jul 1, 2015 / Michelle Chen

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