One of us is a millionaire and the other is a care worker. The cruel division between rich and poor disgusts us alike. | Julia Davies and Wensome Hill

Julia Davis is a member of the National Millionaires Campaign Group We are both from very different worlds. One of us is a millionaire investor and the other is a care worker and union member. We have very different experiences with the economy, but we share the core belief that it is broken – and … Read more

House Committee releases documentary on economic inequality

Comment on this story Suspension A bipartisan House Select Committee is set to release its first-ever documentary on economic inequality in America, a recent historical chronicle of three uniquely American stories that members hope The political and partisan bubble around the issue bursts in Washington. Chairman Jim Himes (D-Conn.), who was appointed by House Speaker … Read more

Yellen says ‘no plan’ to step down as Treasury secretary, sees ‘potential’ downturn for US economy

Treasury Secretary Janet Yellen said Wednesday that she “has no plan” to step down from her post amid continuing chatter about the former Federal Reserve chief’s role in a Biden administration. Speaking at the New York Times Dealbook Summit in New York City, Yellen said, “I made a commitment to stay [as Treasury Secretary]. I … Read more

Europe’s anti-American itch – Politico

Click play to listen to this article expressed by artificial intelligence. BERLIN – It’s getting cold in Europe, and so is the economy cisterns And the citizens get it Insomnia. There is only one answer: Blame America. Signaling across the Atlantic has long been a favorite diversionary tactic for Europe’s political elites when things start … Read more

US consumer confidence fell again in November

New YorkAnd the November 29, 2022 /PRNewswire/ — Conference Board consumer confidence index® fell in November after also losing ground in October. The index now stands at 100.2 (1985 = 100), down from 102.2 in October. The current status indicator– based on consumers’ assessment of current business and labor market conditions – fell to 137.4 … Read more

Here is an interesting element that suggests that China may soon abandon the policy of not spreading the Corona virus

I’m sure you all remember this guy – he was an editor at the Global Times until recently and was very attached to the leadership of China. These two tweets from him overnight: This first tweet seems very specific. “She is no longer afraid.” “It may come out….faster than expected.” It seems to me that … Read more

Fed policy: Looking at the wrong end of the telescope

The Federal Reserve has raised interest rates five times this year, essentially doubling them. His rationale is that higher rates will curb inflation by reducing demand, particularly in interest-sensitive sectors such as home purchases and automobiles. The newly elected majority in the Republican House of Representatives will try to reduce demand further by pushing hard … Read more

How sexism makes the economy worse

Betsy Stevenson, a professor at the University of Michigan and former chief economist for the US Department of Labor, told me that when she hit her mid-40s, she had an “aha moment.” “I was thinking, It’s great that I’ve reached this point in my career where I’m becoming more established. It’s very liberating,” she told … Read more

Amazon workers in 30 other countries are protesting on Black Friday

Amazon workers and activists in 30 countries marked the traditional start of the holiday shopping season with a series of strikes and protests to demand better wages and working conditions. In Manhattan, activists, labor unions and Amazon workers demonstrated outside the home of company founder Jeff Bezos in the Tony Flatiron District. Outside St. Louis, … Read more