I have a confession to make: I fight with my daughter almost every morning. Well, “fight” might be a strong word, but part of our morning ritual is to tussle over who gets the Business section of the paper. She is the household meteorologist (a word she learned in her first grade section on “communityContinue reading “Good News/Bad News”
Tag Archives: Economy
Wall Street vs. Main Street part deux
I recently introduced the authors of the American Human Development Report at a presentation and made the point that just as the GDP has been criticized for not reflecting how the economy affects everyday people, the last year has driving home how out of touch stock market performance is with most regular folks. As thisContinue reading “Wall Street vs. Main Street part deux”
Housing and inequality
Our housing-market-implosion-induced financial meltdown has prompted a rethinking by increasing numbers of researchers and policymakers of how we approach housing policy in the U.S. The concerns and implications are both personal and societal. Much of the angst has arisen from the stratospheric increase in home mortgage delinquencies and foreclosures. A recent NY Times feature seriesContinue reading “Housing and inequality”
Steep rise in mass layoffs
Analysis by researchers at the Economic Policy Institute clearly shows the extent to which the economy is losing jobs. Mass layoffs – defined as letting go of 50 or more people by a single employer – have doubled over the last couple years and are at their highest level in the last 15 years. InContinue reading “Steep rise in mass layoffs”
Trends in LA and CA over the next few years
A common problem in trying to discern trends in poverty and inequality is that the data that we often have at hand are usually not particularly recent. The lag between when data are collected and publicly available can be significant, especially in a rapidly changing economy like we’ve been in over last several months. Also,Continue reading “Trends in LA and CA over the next few years”
The New and Already Poor
Barbara Ehrenreich is perhaps the best popular writer on issues of poverty, inequality and increasing financial insecurity in the U.S., chiefly through books such as Nickel and Dimed: On (Not) Getting By in America and Bait and Switch: The (Futile) Pursuit of the American Dream. In a recent New York Times op-ed, “Too Poor toContinue reading “The New and Already Poor”
The high cost of poverty
The Washington Post ran an article by DeNeen Brown last month that began with the seemingly contradictory statement, “you have to be rich to be poor.” How can that be? As the article explains, the poor often pay higher prices for goods and services in their neighborhoods, and, perhaps more importantly, they pay much moreContinue reading “The high cost of poverty”
Have we hit bottom?
Last week, the Obama administration and the media began portraying the economy is a more favorable light, asserting that we’re at or near the bottom of the recession. Today, looking for good news anywhere they can find it, the Los Angeles Times claims that “Southern California home prices may be stabilizing,” because the median homeContinue reading “Have we hit bottom?”
The Great Disruption
As economic indicators continue to worsen, people from all walks of life are personally feeling the effects of the recession. Unemployment continues to rise as layoffs spread and businesses fail. Public resources continue to be thrown at corporations deemed too-intertwined with our financial system to collapse. Retirement accounts shrink as the stock market plunges. DemandContinue reading “The Great Disruption”
We all should care about the state of public education
Good public education has long been a staple of American democracy and social mobility; but that promise is increasingly threatened. Nowhere is this more evident than in the state where I live, California. The Golden State’s educational system from kindergarten to the university was affordable and excellent for decades; but today we have a systemContinue reading “We all should care about the state of public education”
Bill Pitkin 