Tag Archives: economy

The Global Economic Divide




By GREGORY N. HEIRES With wealth rising at probably the fastest pace on record, the world’s richest 1 percent own nearly 50 percent of global assets. The Credit Suisse Research Institute’s 2014 “Global Wealth Report” finds that the world’s financial … Continue reading






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Obama, de Blasio, Fast-Food Workers and the Challenge of Inequality




By GREGORY N. HEIRES The day after President Obama described inequality as the “defining challenge of our times,” fast-food workers walked off the job in 100 cities across the country, demanding to be paid $15 an hour and the right … Continue reading






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Who’s Getting Walloped by the Economy? Go Ask ALICE?




By GREGORY N. HEIRES Occupy Wall Street struck a deep chord with its notion that the fundamental divide in our country is between the “1 percent” and the rest of us. That facile rhetorical device brilliantly captured the sharpening of … Continue reading






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As the 1 Percent Leaves the 99 Percent in the Dust, Bush’s Chief Economist is Smiling




 By GREGORY N. HEIRES Perhaps you shouldn’t be surprised that the chief economist during George W. Bush’s presidency seems happy that economic inequality in our country is at its most extreme since the Great Depression. After all, the Bush administration … Continue reading






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As the Global Elite Enjoy their Champagne and Caviar, Inequality Worsens




By GREGORY N. HEIRES As the global elite met last week at the annual Davos economic summit, an estimated 200,000 people around the world died during the five-day conference because of poverty-related—and avoidable–afflictions. The persistence of poverty and rising inequality … Continue reading






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Finding Hope Amidst Our Despair




By GREGORY N. HEIRES Day of Destruction, Days of Revolt By Chris Hedges and Joe Sacco Nation Books New York, 2012 Decades of attacks on our standard of living have led to a category of non-fiction that you might describe … Continue reading






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Book Review: Inequality Undermines Democracy




By GREGORY N. HEIRES Joseph E. Stiglitz The Price of Inequality W.W. Norton & Co. New York, 2012 Inequality is a top issue in this year’s presidential election thanks to Occupy Wall Street protestors More recently, inequality won renewed focus … Continue reading






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The Lasting Impact of the Great Recession




By GREGORY N. HEIRES The Great Recession, though officially over three years ago, continues to whack American families. Median household income fell 1.5 percent last year, dropping to $50,054 according to the U.S. Census Bureau’s annual report on income and … Continue reading






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Romney’s record: closing plants and destroying jobs




By GREGORY N. HEIRES Republican presidential candidate Mitt Romney likes to tout his experience in the private sector when he tells voters he would create millions of jobs and turn around the economy if elected. But a look at the … Continue reading






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Judge halts Bloomberg plan




By GREGORY N. HEIRES                 New York City Mayor Michael R. Bloomberg’s assault on the pay of municipal blue-collar workers hit a roadblock May 4 when state Supreme Court Judge Manuel J. Mendez … Continue reading






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