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April 6th, 2014
thesmithian

'Nigeria has overtaken South Africa as Africa's largest economy…'

more.

April 1st, 2014
thesmithian
…the skills myth—like the myth of a looming debt crisis—is having dire effects on real-world policy. Instead of focusing on the way disastrously wrongheaded fiscal policy and inadequate action by the Federal Reserve have crippled the economy and demanding action, important people piously wring their hands about the failings of American workers. Moreover, by blaming workers for their own plight, the skills myth shifts attention away from the spectacle of soaring profits and bonuses even as employment and wages stagnate. Of course, that may be another reason corporate executives like the myth so much.
March 26th, 2014
thesmithian

'There is a wave of fashionable pessimism over Latin America’s future. Expressions such as 'submerging economies' and 'the party is over' have become common in analysts’ and investors’ parlance and, while mainly applied to the BRICS (Brazil, Russia, India, China, and South Africa), they have also contaminated perceptions about Latin America. This marks a major turnaround in sentiment, which not too long ago had nothing but praises for the region’s decade of stellar economic and social progress…'

more.

March 26th, 2014
thesmithian

'We've persuaded ourselves that residential isolation of low-income black children is only de facto—the accident of economic circumstance, personal preference, and private discrimination. Unless we relearn how residential segregation is de jure—racially motivated public policy—we can't remedy school segregation that flows from neighborhood isolation.'

more.

March 21st, 2014
thesmithian

'What this has meant in the U.S. and elsewhere…is that the “good guys” who want to implement policies to get the unemployed back to work are too often caving to the pressure of the “pain caucuses” pushing sky-is-falling predictions about “runaway inflation and soaring interest rates” as a justification to do nothing. It’s a battle of good versus evil…and the bad guys seem to be winning…'

more.

January 29th, 2014
thesmithian

…what the vow of executive action…constitutes is a gamble that Americans…agree more with the liberal economic vision than the conservative one. The hope: If people support liberal economic policies like the minimum wage hike, they will support accomplishing them via executive action, won’t care about process, and will contrast this action favorably with Congressional Republicans, who will remain associated with Washington dysfunction and, by extension, economic pessimism.

more.

January 11th, 2014
thesmithian

'this new face of poverty…both poor, near-poor, and precarious working middle, and that’s simultaneously black, Latino, and white—renders the old Republican divide-and-conquer strategy obsolete. Most people are now on the same losing side of the divide. Since the start of the recovery, 95% of the economy’s gains have gone to the top 1%…The new economy has been especially harsh for the bottom two-thirds of Americans. It’s not hard to imagine a new political coalition of America’s poor and working middle class, bent not only on repairing the nation’s frayed safety nets but also on getting a fair share of the economies’ gains.'

more.

January 9th, 2014
thesmithian

“In no prior case has Congress allowed special extended benefits to expire when the unemployment rate was as high as it is today.”

more.

November 13th, 2013
thesmithian
Left out of the thousands of words written about…the [GOP’s] nihilistic willingness to crash the world economy, about Republicans’ laser focus on obliterating the Affordable Care Act (ACA), was the fact that two of the poster boys for this suicide mission were the sons of Cuban exiles whose fears about socialism were willingly and willfully exploited by the radial Right.
Achy Obejas, at In These Times
November 12th, 2013
thesmithian

'…The nation’s $17 trillion debt remains a problem to be sensibly addressed and solved. But it can no longer be represented as a crisis requiring an immediate decision to deny Social Security, Medicare and Medicaid benefits to Americans who need them. If you listen to President Obama’s critics, especially his Republican adversaries on Capitol Hill, you’d think the economy was wheezing its last gasps. But investors obviously disagree, since the Dow closed Monday at a record high — and has nearly doubled since Obama took office. Put simply, money talks.'

more from Eugene Robinson, at the Washington Post

November 4th, 2013
thesmithian

'…just about all members of Congress are drawn from the…top 10%—as are almost all their friends and associates, and even the media who report on them. Get it? The bottom 90 percent of Americans—most of whom are still suffering from the Great Recession, most of whom have been on a downward escalator for decades—have disappeared from official Washington.'

more.

November 4th, 2013
thesmithian
…these so called ‘failing schools’ have all had rich histories, some of them close to a hundred years in the making, which involve themes ranging from migration and immigration, to musical creativity, to changing economies and neighborhoods, which live in the experience of alumni as well as documents the schools themselves have preserved. Closing the schools not only shatters the possibility of drawing upon that rich cultural capital, it sends a message to students that nothing in the past is that important, including their own families and cultural traditions, treating them as clay to be molded by people who see the past—at least for people like them—only as failure.
Author/professor Mark Naison
November 2nd, 2013
thesmithian

…even though Puerto Rico has been cutting costs and taking other steps to cure its fiscal problems, its economy continues to shrink…”Right now Puerto Rico really needs a plausible economic development scenario,” said Matt Fabian, a managing director at Municipal Market Advisors.

more.

October 28th, 2013
thesmithian

Manhattanites are jumping on the anti-Manhattan bandwagon, too. Like Bostonians, New Yorkers are about to elect a new mayor for the first time in over a decade…

more.

October 22nd, 2013
thesmithian
After you interview me for a job, I visit a pantry for food…I have bathed in public restrooms. I have slept in emergency room lobbies. I have cried myself asleep with one eye open to protect myself and my remaining property. What does homeless look like? I am not disheveled or haggard if and when we meet. I am now a jobless woman trying to get back on my feet. So don’t become confused about what you see just because I am not pushing all my belongings in a shopping cart down the street. I am the new face of homeless! It is I! It is me! The college-educated woman broken and lonely trying to get back on my feet!
Sharon D. Felder, of Indianapolis, Indiana
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