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Economics

‘Big Oil’s Slippery Six’ Testify To Congress About High Gas Prices And Lie

April 7, 2022 by AZ BlueMeanie

Update to Senate To Call ‘Big Oil’s Slippery Six’ Back To Testify About Their Price Gouging On Gas Prices. The Washington Post reports, House panel grills oil company executives on high gasoline prices: The top executives of “the slippery six” of the nation’s largest oil and gas companies testified before Congress on Wednesday, at a time … Read more

U.N. Climate Report: ‘Its Now Or Never’ If We Want To Forestall An Unlivable World

April 5, 2022 by AZ BlueMeanie

Millionaire coal baron Sen. “Masarati” Manchin demands an “all of the above” approach to U.S. energy needs, in other words, mantaining the status quo of dependence on fossil fuels because he richly profits from it. House progressives say they may be prepared to accept policies that boost fossil fuels in the short term in order … Read more

Epic Media Fail Reporting On The Economic Recovery, And Recklessly Feeding Inflation Psychology

April 4, 2022 by AZ BlueMeanie

Axios reports, Corporate profits hit a new record high in 2021: Corporate profits hit another record in 2021, though the breakneck pace of growth slowed sharply during the fourth quarter. This shows that companies have been able to overcome the inflationary wave flowing through the U.S. economy — and even profit from it. Companies complained … Read more

A Feel-Good Story Of A David v. Goliath Grassroots Union Organizing Victory At Amazon

April 3, 2022 by AZ BlueMeanie

Permanent musical accompaniment, A Change Is Gonna Come, by Sam Cooke (1964). We all could use a feel-good story of late. This story has the biblical proportions of David v. Goliath: an Amazon worker fired for specious reasons engages in grassroots organizing of a union with little or no outside support, and defeats the mighty … Read more

Americans Are Suffering Cognitive Dissonance On The Economy

April 1, 2022 by AZ BlueMeanie

Is this 2022, or 1859? (when Charles Dickens wrote A Tale of Two Cities): “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of … Read more

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