2022-01-22: News Headlines

Dean Baker (2022-01-22). Washington Post Says Life Was Bleak for Workers on Eve of Pandemic. cepr.net Yes, that was the clear meaning of a front page article telling readers how bad things are for workers today. The piece told us: "In interviews with more than a dozen workers, many said that despite considerable pay raises — as much as 33 percent, in some cases — they were still struggling to cover …

Dean Baker (2022-01-21). Are Used Car Prices Bankrupting Workers? cepr.net The news media have been constantly hyping inflation in recent months. While everyone has been seeing the huge rise in gas prices over the last year (that's what happens when the world reopens after a pandemic), used car prices have risen almost as rapidly. From December 2020 to December 2021 they rose 37.3 percent. This accounted for 1.03 percentage points of the 7.0 percent overall inflation in the last year. | We know the story of these price increases. A fire in a semiconductor plant in Japan has created a worldwide shortage of semiconductors, which has slowed car production. With people unable to get new car…

ShaCamree Gowdy (2022-01-21). Morehouse College Launches Institute To Study Issues Impacting Black Men. bnc.tv Morehouse College has established the Black Men's Research Institute (BMRI) to investigate the economic, social, cultural and personal outcomes of issues affecting Black men, particularly where disparities exist in the United States and beyond. Through collaborative thought leadership, the institute hopes to counter conflicting narratives, distrust and ambiguity by bringing a clear, authoritative voice to bear on Black men's …

Matt Sedlar (2022-01-20). The "Great Resignation" is Hype. Workers Need More Benefits, Not Less. cepr.net The political fortunes of the Democratic Party look dim, but the current economy is not too damn bad. How to explain this seemingly contradictory economic news?

Emma York (2022-01-20). Saskatchewan's COVID-19 failure exposes the bankruptcy of neoliberalism. canadiandimension.com For many organizers and progressives, the pandemic did not reveal anything we did not already know about the way the Canadian economy is structured. It is not that many Canadians did not realize that inequality exists in Canada, or that the lives and labour of many are often treated as expendable, but that the pandemic has brought these existing fault lines into sharp, ugly relief. In Saskatchewan, the provincial government's pandemic response has exposed the failure of neoliberal policies in the face of crisis. | Despite the Omicron variant threatening to overrun the health care system and Premier Scott M…

2022-01-22 22:09 | 18:09 EST | rn | 7 | 2 | 2 | 1 | 0