All Inequality

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White New Orleans Has Recovered from Hurricane Katrina. Black New Orleans Has Not.
96,000. That’s how many fewer African-Americans are living in New Orleans now than prior to Hurricane Katrina, which made landfall 11 years ago today. Nearly 1 in 3 black residents have not returned to the city after the storm. It was the worst urban disaster in modern U.S. history. Eighty percent...
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Overwhelming Evidence that a Guaranteed Income Will Work
We'll have to do something drastically different to employ people in the future. Our jobs are disappearing. The driverless vehicle is here , destined to eliminate millions of transport and taxi-driving positions. Car manufacturing is being done by 3-D printing. An entire building was erected in...
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Punishing the Poor: Welfare Reform and Its Democratic Apologists
A defining feature of Ronald Reagan's unsuccessful 1976 presidential bid—a feature that would animate his political career from that point forward—was his theatrical depiction of welfare recipients. While he demonized the welfare system as a whole in familiar terms , Reagan's ire was largely...
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Money Views
A Do-Over for Our Unequal Economy?
The basic idea behind the “mulligan” ­– you flub a shot, you get to take the shot again — may be golf’s most endearing contribution to world civilization. In our real-world economy, unfortunately, we don’t get to take mulligans. We certainly could use one. Here in the United States, a new report...
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Jamie Dimon, president and CEO of Morgan Chase Views
Dimon is Forever
A power has risen up in the government greater than the people themselves, consisting of many and various and powerful interests . . . and held together by the cohesive power of the vast surplus in the banks. — John Calhoun, May 27, 1836 Speech The purpose of this column is to try to help Morgan...
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It Is Time to Begin the Process of Rebuilding Our Middle-Class Economy
In The New York Times recently, the paper’s former Washington bureau chief, the veteran journalist Hedrick Smith, asked an important question: “ Can the States Save American Democracy? ” Smith, who traveled the country to write his latest book , Who Stole the American Dream? , also serves as the...
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Donald Trump Isn’t Really Reaching Out To African-Americans
Contrary to recent headlines, Donald Trump isn’t reaching out to African-Americans. He isn’t even talking to us. He’s talking past us, and saying exactly what his alt-right base wants to hear him saying to black folks. Donald Trump is telling African-Americans that our biggest problems are simply...
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News
Report Shows Whopping $8.8 Trillion Climate Tab Being Left for Next Generation
"We do not inherit the Earth from our ancestors, we borrow it from our children," is an oft-quoted proverb, frequently used to explain the importance of environmental preservation. Unsaid, however, is how much it will impact the next generation if the Earth is bequeathed in a lesser state...
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Katrina Pain Index 2016 by the Numbers: Race and Class Gap Widening
Summary. Hurricane Katrina hit eleven years ago. Population of the City of New Orleans is down by over 95,000 people from 484,674 in 2000 to 389,617 in 2015. Almost all this loss of people is in the African American community. Child poverty is up, double the national average. The gap between rich...
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Escalating the War on Low-Income Families
Illinois Governor Rauner recently cut "Meals on Wheels" for seniors and at-risk youth services. Chicago residents were hit with a nearly 13% property tax increase. Some Chicago public schools could face 2017 cutbacks of an incredible 20 percent . But six of Illinois' largest corporations together...
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