Walmart has had a very bad week. On Thursday, the New York Times reported that at least eight senior executives have left the company since an investigation was launched to probe allegations of massive bribery in Mexico and other foreign markets. Already shaken by previous revelations that low wage workers at the nation's largest employer […]

And now for today's quiz: When is $10 billion greater than $310 billion? When Republicans control the House of Representatives. Yes, the American people got another lesson in GOP math this week when House Republicans refused to budge on a $10 billion, five-month extension of unemployment benefits for 1.3 million long-term jobless workers while the […]

That Paul Ryan's one-man crusade against poverty has gotten off to a laughably bad start should have surprised no one. After all, his various "roadmaps" and GOP budgets have called for giving massive tax cuts for the rich, slashing non-defense discretionary spending to its lowest share of the U.S. economy in generations, privatizing Social Security […]

Bloomberg News this week offered the state of Washington as a powerful rebuttal to those who claim hiking the minimum wage would kill jobs. Washington, it turns out, has had the nation's highest minimum wage since 1998 and over the past 15 years enjoyed annual job growth well above the national average. New Jersey, too, […]

As their recent disinformation campaign over mythical Obamacare job losses shows, Republicans love the nonpartisan Congressional Budget Office. Except when they hate the CBO, which is most of the time. After all, GOP leaders are using the fifth anniversary of the $787 billion Obama economic stimulus program to mark it is a failure despite the […]

While income inequality in the United States has hit record highs, so too has the decibel level from the tragically rich protesting their victimhood in the new class warfare. After walking back his "Kristallnacht" Holocaust analogy, legendary venture capitalist Tom Perkins nevertheless fretted that the 1 percent faces "economic extinction." Sam Zell, the billionaire chairman […]

And now for today's math quiz. Let's say you decide to work 2 percent fewer hours this year. At the end of the year, your total compensation is 1 percent lower. Does that mean you got a pay cut? If you answered "yes," you might want to reread the question. Or, you might be Marc […]

Days after the nonpartisan Congressional Budget Office (CBO) released its latest projections House Republicans on Friday announced their latest ransom demand for raising the debt ceiling. John Boehner's minions will vote to avoid a U.S. default and a global economic calamity if the Medicare "doc" fix is patched for nine months and cuts to veterans' […]

Income inequality is not a disease, but rather a symptom of a disease. For over four decades, the United States has suffered from an atrophying of the great American middle class. The decline of post-World War II American economic dominance, the rise of new international competitors, the withering (and the smothering) of trade unions and […]

Their losing 2012 presidential ticket warned that America is becoming a nation of "makers and takers" as self-identified "victims" seek "free stuff" from their government. In 2013, Republicans in Congress voted to gut food stamps, blocked the extension of jobless benefits to 1.3 million long-term unemployed Americans and supported drug testing for recipients. Now on […]