2+ day, 17+ hour ago   (640+ words) U.S. government bond yields have jumped to new multiyear highs — which will result in higher costs for mortgages, car loans, student loans, and all other borrowing. In other words, the affordability crisis is growing even worse. Treasury secretary Scott Bessent isn’t…...

3+ day, 17+ hour ago   (1057+ words) Jeff Bezos says raising his taxes is pointless. “You could double the taxes I pay and it’s not going to help that teacher in Queens,” he says. Well, he’s partly right. Bezos has gotten away with paying no income tax…...

1+ week, 5+ day ago   (1108+ words) The earnings of America’s largest corporations — the S&P 500 — surged by an astounding 53 percent over the past year. A widely watched measure of consumer confidence slipped in August as consumers fretted about future economic conditions, the Conference Board said this…...

1+ week, 5+ day ago   (102+ words) robertreich.substack.com What’s REALLY driving up America’s debt? Not government spending on social safety nets What’s REALLY driving up the U.S. debt, which just reached the $40 trillion milestone? I appeared recently on CNBC to explain that, contrary to…...

3+ week, 2+ day ago   (561+ words) As I mentioned in yesterday’s post, the only good thing to come out of the catastrophe of Trump is the exposure of the greed, venality, cupidity, and corruption of America’s corporate elite. By giving CEOs of giant corporations and the…...

3+ week, 3+ day ago   (800+ words) The U.S. national debt has officially surpassed $40 trillion, months earlier than forecasters had expected — because of billions of dollars in lost revenue from Trump’s invalidated tariffs, Trump’s tax cuts (mostly to big corporations and the very wealthy), and the soaring costs…...