The rise in housing inequality brings us face to face with a central paradox of today’s increasingly urbanized form of capitalism. The clustering of talent, industry, investment, and other economic assets in small parts of cities and metropolitan areas is at once the main engine of economic growth and the biggest driver of inequality. The ability to buy and own housing, much more than income or any other source of wealth, is a significant factor in the growing divides between the economy’s winners and losers.
99% of workers would take cash over an extra day off or too weak s of vacation.
Paul Ryan was always a fraud. He pretended to be a wonk’s wonk, but his budget and policy plans were full of sleight-of-hand and magic asterisks that fell apart on the most superficial examination. He pretended to be terribly worried about the deficit, but he happily jacked it up when he got the chance. He pretended to care deeply about the poor, but would have made their lives impossibly more miserable had doing so been politically tenable.
And he pretended to be scandalized by Trump’s repugnant words and actions but, after a few regretful words and a furrowing of his brow, would always go right back to supporting the president. So while he will surely be remembered as one of the least effective speakers we’ve ever had, you can’t say Ryan didn’t faithfully represent his party.
The clause remained in Labour’s constitution until Tony Blair and his centrist New Labour coalition oversaw its removal in 1995, in order to make the party more appealing to “middle England.”
During this same period in the United States, Bill Clinton and the New Democrats sought to realign the Democratic Party toward the center-right, enacting welfare “reform” and deregulating the financial industry.
Rev. Martin Luther King Jr. was assassinated 50 years ago this week while in Memphis, where he was supporting striking sanitation workers and building support for his Poor People’s Campaign. We look at King’s long history of fighting for economic justice!
For the second time in less than a month, Tennessee’s GOP state lawmakers have declined to proceed on legislation condemning white nationalist and neo-Nazi groups.
For the last 40 years, the typical American worker has seen real wages virtually stall. This persistent wage stagnation has puzzled economists, enraged working-class Americans, and has been cited as a contributing factor in Trump’s surprise victory in 2016.