Nike Is Moving Jobs to Low-Wage Regions of Indonesia
After moving manufacturing to the developing world to save on labor, Nike and other apparel brands are shifting employment in their Indonesian supply chain away from high-wage parts of the…
Trump’s Deportation Crackdown Is Hurting Tourism
Fear of aggressive deportation raids is deterring foreign visitors, leading to a reduction in hours for workers and lost revenue.
AI Hiring, Scams and Setbacks: How Unemployment Becomes a Vicious Cycle
Sluggish labor market swells ranks of long-term unemployed, leaving some job seekers frustrated with an ever-shifting hiring landscape.
The Wealth Concentration Engine: Rethinking America’s Financial Plumbing
By Ellen Brown A Jan. 17 article on Quartz Markets by Catherine Baab reports that JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup and Bank of America returned nearly all of…
Weak US Jobs Report Shows ‘Bleak Economic Reality’ for Workers Under Trump
There has been “almost no hiring since April,” observed one economist.
First We End the War, Then We Restart the Factories
While industrialisation remains a top priority for Global South countries, debt-driven austerity, corporate dominance, wars, and sanctions keep many poorer nations locked into dependency and underdevelopment.
Carousel
Center for Economic Policy Research
Dean Baker
Democracy Now
Economy
Immigration
Informed Rant
Original
Trump
Trump Claims Economic Triumph, Doubles Down on Immigrant Scapegoating
By Joshua Scheer In a nationally televised primetime address from the White House, President Donald Trump spent much of the speech defending his economic record and touting the strength of…
Kerala Has Abolished Extreme Poverty
The Indian state of Kerala has eradicated extreme poverty through clear public policy, decentralised planning, and the leadership of its cooperative movement.
Google Boss Says Trillion-Dollar AI Investment Boom Has ‘Elements of Irrationality’
By BBC News Sundar Pichai, CEO of Alphabet Inc. (parent of Google), described the current surge in artificial-intelligence (AI) investment as an “extraordinary moment,” while warning that it carries significant…
Ellen Brown: Why New York City Needs a Public Bank
By Ellen Brown / Original to ScheerPost “We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit,…
Montana Has an Ambitious Plan to End Dark Money in Elections
Polls suggest 74 percent of voters in the state will back a ballot initiative to counter the effects of Citizens United.
90 Point Swing: Economy Destroys Republicans With Voters
Krystal and Saagar discuss the economy screwing Republicans in key elections across the US.
With Food Banks in ‘Disaster Response Mode,’ Supreme Court Lets Trump Pause SNAP Funds
By Jake Johnson / Common Dreams The US Supreme Court late Friday temporarily blocked a lower court order that required the Trump administration to fully fund Supplemental Nutrition Assistance Program…
Layoffs in 2025 Second-Highest Since 2009 in Potential Sign of Looming Recession
“Those laid off now are finding it harder to quickly secure new roles,” one of the report’s authors said.
China’s New 5-Year Plan: A High-Stakes Bet on Self-Reliance That Won’t Fix an Unbalanced Economy
The latest blueprint from Beijing stresses ‘self-reliance’ and ‘high-quality development.’ But is that enough to offset weak domestic growth and poor consumption?