Donald Trump, like Mitt Romney, represents almost everything that’s wrong with the American economy today — an unprecedented amount of wealth and power at the very top, widespread insecurity and declining real wages for everyone else, and a form of casino capitalism that places huge bets with other peoples’ money and depends on everyone else to bail it out when the bets turn sour.
We now know austerity economics is bad for weak economies facing large budget deficits. Much of Europe is in recession because of budget cuts demanded by Germany. And as Europe’s economies shrink, their debts become proportionally larger, making a bad situation worse.
Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today. You’re fucked.
J.P. Morgan Chase & Co., the nation’s largest bank, whose chief executive, Jamie Dimon, has led Wall Street’s war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face an additional $1 billion of losses, due to excessively risky bets.
What are the three demographic groups whose electoral impact is growing fastest? Hispanics, women, and young people....