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Richard Trumka (1949-2021): A dedicated servant of Corporate America

Trumka embodied the reactionary instincts of a corrupt and privileged labor bureaucracy, steeped in anti-communism and nationalism, that long ago separated the unions from any connection to the defense of workers. ....

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The Fed does a quiet about-face on inflation

© UPI - Greg Nash
The Federal Reserve has broken with its previous approach to monetary policy to an extent that few people realize.
When the Fed announced its new monetary policy strategy in August 2020, the announcement failed to make much news. The new strategy appeared to involve minor tweaks: Moving from an inflation target of 2 percent to an “average inflation target” of 2 percent, and switching from focusing on “shortfalls” from maximum employment to focusing on “deviations” from maximum employment.
Initially, it was unclear to most economists that these seemingly minor changes were obscuring a significant reorientation of Fed policy. Months, and many speeches by Fed Chair Jerome Powell and other members of the Fed’s Federal Open Committee later, it has become clear that, in fact, the Fed has effectively jettisoned the approach that had guided monetary policy since the Great Inflation of the 1970s. That approach was grounded in the theoretical co ....

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Letter: Heed climate change warnings

Letter: Heed climate change warnings
By Anne Engstrom, Seattle
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We can put rovers on Mars! We should be able to upgrade and improve our power grids and keep the lights on.
Unfortunately Texas administrators didn’t pay attention to the warning they received in the last 10 years that climate change can bring freezing weather and they need to winterize. Thanks to deregulation, huge swaths of people are without power and water. This costs Americans billion of dollars and too many lives.
We all have been warned about climate change for over 30 years, but have we done anything about it? We have nine years left to make a huge change. ....

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Canada's First Bitcoin ETF Debuts to Heavy Volume

Canada's First Bitcoin ETF Debuts to Heavy Volume
etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.

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Fed's Powell, invoking war effort, calls for national jobs drive - Netscape Money & Business

Fed's Powell, invoking war effort, calls for national jobs drive - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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