Articles

  • 1 month ago | jacobin.com | Doug Henwood

    For years, we’ve been hearing that the combination of childish governance and chronic budget deficits would eventually catch up with the United States, but the US always outran the worrywarts. That era, one in which the Treasury could borrow limitlessly and at low cost, may be ending. “For the first time in my professional life, we’re seeing a shift, with investors looking askance at Treasury debt,” John Velis, a money manager at BNY Mellon told Politico.

  • Mar 31, 2025 | diario-red.com | Doug Henwood |Qassam Muaddi

    Tras la desastrosa actuación de Joe Biden en el debate presidencial previo a las elecciones de 2024 y la subsiguiente lucha dentro del Partido Demócrata para removerlo de la candidatura presidencial, probablemente mucha gente se haya preguntado cómo es posible que un partido tan antiguo y poderoso sea al mismo tiempo tan disfuncional.

  • Mar 3, 2025 | lbo-news.com | Doug Henwood

    Donald Trump and his loyal army of right-wing blowhards like to scream, as he did back in 2023, that “MURDERS & VIOLENT CRIME HIT UNIMAGINABLE RECORDS!” in New York City.  Of course he had a particular interest in making that claim—he was being prosecuted by both state and city back then, and he thought false claims about violent crimes would me him look innocent and prosecutors look unfairly obsessed.

  • Feb 16, 2025 | lbo-news.com | Doug Henwood

    Among the leading fantasies of the moment are that federal employment and spending are “out of control,” so drastic action is needed to put things back in order. These are lies. Some people who utter these lies probably know better and some don’t, but they’re still lies. First, let’s look at federal expenditures and revenues as a percent of GDP.

  • Jan 29, 2025 | lbo-news.com | Doug Henwood

    A follow-up to yesterday’s post about historical trends in union density. Today, a look at demographics and geography. Once upon a time, the stereotypical union member was a factory worker. That hasn’t been the case for a long time. In 2024, manufacturing accounted for 10% employment and only 8% of union membership. In 1983, the numbers were very different: 22% of employment and 30% of union membership.

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