On Wednesday 30th of May, Federal bank regulators proposed to allow Wall Street more freedom to make riskier bets with federally-insured bank deposits – such as the money in your checking and savings accounts. The proposal waters down the so-called “Volcker Rule” (named after former Fed chair Paul Volcker, who proposed it). The Volcker Rule […]
Why did working class voters choose a selfish, thin-skinned, petulant, lying, narcissistic, boastful, megalomaniac for president? With the 2018 midterms around the corner, and prospective Democratic candidates already eyeing the 2020 race, the answer is important because it will influence how Democrats campaign. One explanation focuses on economic hardship. The working class fell for Trump’s […]
Robert Reich discusses his book, “The Common Good”, at a Politics and Prose event at Sixth and I historic synagogue in Washington, DC on 2/22/18. Robert B. Reich has been one of America’s leading political thinkers since he served as Bill Clinton’s Secretary of Labor, for which Time Magazine named him one of the ten […]
Robert Reich invites you to join his class on wealth and inequality in America. The topic for the first lecture is the 3 elements of social change.
The evidence is in: The biggest beneficiaries of the Trump-Republican tax plan are shareholders. Bank of America Brian Moynihan has said that “most of the benefits” from the tax cuts “will flow to the bottom-line through dividends and share buybacks over time.” Exactly. Dividends and share buybacks boost share prices. And that’s all corporate America wants to […]
The Democratic Party can lead the country in a new direction, but will it? Millions of Americans who are politically engaged for the first time in their lives are crying out for a bold alternative to bigoted and destructive policies. But Democrats can’t just be anti-Trump or move to the middle. To be successful Democrats […]
Professor Reich talks at Google about the impact of automation & artificial intelligence on our economy. He also provides a recommendation on how we can ensure future technologies benefit the entire economy, not just those at the top.
Say you’re Vladimir Putin, and you did a deal with Trump last year. Whether there was such a deal is being investigated. But if you are Putin and you did do a deal, what might Trump have agreed to do for you? 1. Repudiate NATO. NATO is the biggest thorn in your side – the alliance that […]
Say you’re Vladimir Putin, and you did a deal with Trump last year. I’m not suggesting there was any such deal, mind you. But if you are Putin and you did do a deal, what did Trump agree to do? 1. Repudiate NATO. NATO is the biggest thorn in your side – the alliance that […]
Trump wants to cut the corporate tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.” This is truly dumb, for five reasons: 1. The White House says the United States has one of the highest corporate tax rates in the world. Baloney. After corporate deductions and tax […]
After more than 100 days into his presidency, it seems fair to ask: What is Donald Trump’s governing philosophy? He isn’t really a Republican (he didn’t join the GOP until 2012). He’s hardly a free-market conservative (he’s eager to block trade and immigration). No one would mistake him for a libertarian (he’s okay with preventing abortions and […]
Professor Reich comes to Google to discuss the impact of automation & artificial intelligence on our economy. He also provides a recommendation on how we can ensure future technologies benefit the entire economy, not just those at the top.