Workers or Profits? American Businesses Chose a Long Time Ago.
Looking for news you can trust?Subscribe to our free newsletters. A post from Dean Baker prompts me to show you the following chart: Corporate profits go up and down with the business cycle, but averaged 5-6 percent of GDP on a pretty steady basis through 2002. Then things changed. Since 2002, profits have increased dramatically,…
It’s Barely July and This Wildfire Season Already Looks Terrifying
Paul Kitagaki Jr/TNS via ZUMA Wire Looking for news you can trust?Subscribe to our free newsletters. This story was originally published by Grist and appears here as part of the Climate Desk collaboration. Just in case you’ve been living in an (air-conditioned) underground cave, summer is in full swing. The heat is breaking temperature records coast-to-coast, drought covers half of the country, and—sure…
Republicans in Congress Sure Seem Happy Not to Have to Defend Scott Pruitt Anymore
Andrew Wheeler at his confirmation hearing to become EPA deputy directorAlex Edelman/CNP via ZUMA Wire Looking for news you can trust?Subscribe to our free newsletters. When Scott Pruitt’s scandal-plagued tenure at the Environmental Protection Agency finally came to an end Thursday, his many critics in and out of Congress wasted no time rejoicing at another Trump Cabinet member…
As Trump’s China Tariffs Kick In, US Farmers Watch Prices Slide
Looking for news you can trust?Subscribe to our free newsletters. President Donald Trump’s long-simmering, multi-front trade war is about to escalate: On Friday, the United States plans to begin slapping a 25 percent tariff on $34 billion worth of goods from China, which has vowed to retaliate immediately with its own duties on US goods. …
Scott Pruitt Is Truly Blessed
Looking for news you can trust?Subscribe to our free newsletters. A few minutes ago, as I was biting into a taco, I learned that EPA administrator Scott Pruitt had finally resigned after accumulating a truly astonishing array of weird, penny-ante scandals over the past 18 months. By chance, I had just read an AP piece…
Statue of Liberty Climber Speaks Out Against Trump Immigration Policy
NYPD Looking for news you can trust?Subscribe to our free newsletters. Therese Patricia Okoumou, the woman who scaled the Statue of Liberty on the Fourth of July to protest the Trump administration’s immigration policies, spoke to reporters Thursday, where she continued speaking out against the push to separate migrant children from their families at the…