Drudge Retort: The Other Side of the News

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Friday, March 28, 2014

Tim Fernholz, Quartz: Last year was another record year for US corporations. New figures released today show they pulled in a record $1.68 trillion in after-tax profit. ... This isn't a surprise: Since the recession, weak labor markets and cost-cutting have allowed companies to maximize US revenues; the growing impact of global sales (and the ability to indefinitely defer taxes on their profits there) have grown the bottom line; and low interest rates have made borrowing cheap for companies issuing debt. "On the whole, corporate profits have grown 20 times faster than workers' incomes since 2008," observes Bryce Covert of ThinkProgress. read more

Saturday, March 22, 2014

Joan McCarter, Daily Kos: Responding to President Obama's decision last week to protect a stretch of California's Coast near Point Arena as a new national monument, the House of Representatives is planning to vote next week to overturn a 108 year-old law that presidents of both parties have used to protect iconic American places, including the Grand Canyon, the Statue of Liberty, and Arches National Park. read more

Wednesday, February 12, 2014

Why has America forgotten the three most important economic lessons we learned in the thirty years following World War II? read more


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