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U.S. Economy Topics

Economy

Democracy Now! stories, posts and pages that relate to U.S. Economy

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  • Kshamasawant
    Seattle has elected its first Socialist to city office in generations. Kshama Sawant’s election to the Seattle City Council made her one of a few Socialists to hold elected office in the country. Sawant is an economics teacher and former Occupy Wall Street activist who ran on a campaign to raise the minimum wage to $15 an hour. "The important thing about running as a Socialist is, for one, to show that there is a definite openness...
    January 06, 2014 | Story
  • Nafta-protest
    The North American Free Trade Agreement between the United States, Mexico and Canada went into effect 20 years ago this week on January 1, 1994. The massive trade pact was signed into law by President Bill Clinton amidst great promise that it would raise wages, create jobs and even improve health and environmental safety standards. Hundreds of thousands of U.S. jobs have vanished as companies sought lower-wage workers in Mexico. Meanwhile, ...
    January 03, 2014 | Story
  • Deblasiofamily
    Bill de Blasio began his term as New York City mayor on Wednesday with a bold pledge to tackle income inequality in the nation’s largest city. De Blasio was sworn in following last year’s historic victories in the Democratic primary and general election on a progressive platform. In his inaugural address, de Blasio focused on his campaign pledge to tackle what he called "a tale of two cities," a growing gap between rich...
    January 02, 2014 | Story
  • Unemployment05
    On Saturday, 1.3 million Americans lost their last lifeline from the federal government: an emergency unemployment insurance program. Although long-term unemployment is still at its highest level since World War II, Congress failed to renew the program in the budget deal it passed just before adjourning for winter recess. The program provided up to 47 weeks of supplemental unemployment insurance payments to jobless people looking for work....
    December 30, 2013 | Story
  • Homeless1
    The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street is preparing to hand out this year. The largest Wall Street firms have reportedly set aside more than $91 billion for year-end bonuses. In response, an activist group called The Other 98% has launched a petition...
    December 27, 2013 | Story
  • Johnston2.jpg
    A bipartisan budget deal to avert another government shutdown comes before the Senate this week. The vast majority of House members from both parties approved the two-year budget agreement last week in a 332-to-94 vote. It is being hailed as a breakthrough compromise for Democrats and Republicans. The bill eases across-the-board spending cuts, replacing them with new airline fees and cuts to federal pensions. In a concession by Democrats, it...
    December 16, 2013 | Story
  • Amys_column_default_640x360_2014
    By Amy Goodman with Denis Moynihan
    The holiday season is upon us. Sadly, the big retailers are Scrooges when it comes to paying their staffs. Undergirding the sale prices is an army of workers earning the minimum wage or a fraction above it, living check to check on their meager pay and benefits. The dark secret that the retail giants like Wal-Mart don’t want you to know is that many of these workers subsist below the poverty line, and rely on...
    December 05, 2013 | Columns & Articles
  • Fastfoodstrike03
    Fast-food workers are walking off the job in about 100 cities today in what organizers call their largest action to date. Today’s strikes and protests continue a campaign that began last year to call for a living wage of $15 an hour and the right to form a union without retaliation. Early this morning, Democracy Now!'s Amy Goodman and Hany Massoud headed to Times Square in New York City where a group of McDonald's workers were...
    December 05, 2013 | Story
  • Fastfoodchart
    As fast-food workers stage a one-day strike, a new report exposes how the industry’s CEOs have not just saved money by paying workers low wages, but have used the government to subsidize their own million-dollar salaries with taxpayer dollars. That is because a loophole in the tax code lets companies deduct the costs of performance-based executive pay. We are joined by Sarah Anderson, director of the Global Economy Project at the...
    December 05, 2013 | Story
  • Thomhartmann
    Could the United States face another economic collapse? Writer and broadcaster Thom Hartmann looks back at past financial crises and comes to a startling conclusion. "As long as you don’t look too closely at our nation, things seem under control — the United States looks whole … but when you go around to the 'dark back side' of the nation, you see the shocking truth. There you see a nation whose core fundamentals have...
    November 12, 2013 | Story