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    Live on the homepage now! Reader Supported News WE WILL FIGHT, WILL YOU BACK US? We battle for your right to know every day. We do not buy into the message of the day, or tow the corporate line. We cut to the chase and show you the story you were not supposed to see. Will you – each of you – get behind us with what you can afford? Will you do that? Marc Ash • Founder, Reader Supported News Sure, I'll make a donation!   FOCUS: Robert Reich | We Get What We Measure: Why Policymakers Overlook Profits as the Source of Inflation Robert Reich, Robert Reich's Substack Reich writes: "Every month we hear about inflation resulting from wages pushing up prices, but we don't hear about record-high profits pushing up prices." Why they're intent on reducing jobs and wages instead O ne of my goals in this newsletter is to help you uncover the ways wealth and power shape public policy. Today, I’m going to focus on a topic that may seem wonky to you — but that’s exactly th...

  View in browser   BY  BEN WHITE Presented by Merchandise for sale is displayed at a store closing. | Spencer Platt/Getty Images NO PAIN, NO GAIN  — Fed Chair Jerome Powell would love to stop pumping the brakes on the economy with multiple, hefty interest rate hikes. He knows the aggressive boosting will almost certainly cause recession — potentially a bad one — and a significant spike in unemployment. And people will hate him for it, especially Democrats looking to retain power.  He would rejoice if rampant inflation came down on its own without the steel-toed boot of the world’s largest central bank stomping on its neck. “I wish there was a painless way,” Powell  lamented earlier this month . “There isn’t.” The Fed chief got no good news today with the  latest reading  on the core Personal Consumption Expenditures price index (our friend, PCE, which we’ve  explained in this space before ) rising faster than expected despite multiple rate h...

  SUBSCRIBE TO THIS NEWSLETTER Nowhere to Hide: The Fed-Induced Bubble in Stocks and Bonds Is Blowing Up; Even the Typical Safe Havens of Gold and T-Notes Are Losing Money By  Pam Martens and Russ Martens : September 25, 2022 ~ The corrupt political backdrop for today’s unprecedented market quagmire feels like a hyperbolic trailer for a low-budget sci-fi thriller: The former president of the only remaining superpower in the world has been charged with “staggering” frauds against banks – the ones he just deregulated as president. (This same former president was also caught red-handed with Top Secret documents after he left public office — but the super power’s 18 intelligence agencies have no idea what he did, or was planning to do, with these documents.) On the other side of the globe, the sitting president of a bygone superpower is engaging in nuclear saber-rattling and conscripting 60-year-old men to fight an illegal war while young, able-bodied men flee the country en masse...

    24 September 22 Live on the homepage now! Reader Supported News WE WILL NOT SIT BACK PASSIVELY AND ALLOW RSN TO TANK — Right now everything we do is threatened on an immediate basis by lack of funding. That is amplified by this month’s lack of support. We are not just going to stand idly by as the organization is destabilized by we amounts to very minimal support. If that offends you, be aware that it offends us too. Please donate what you can. Marc Ash • Founder, Reader Supported News Sure, I'll make a donation!   Garrison Keillor | Tempted to Give Up Politics for Parcheesi Garrison Keillor, Garrison Keillor's Website Keillor writes: "My mom admired FDR and Eleanor because they cared about the poor. My dad felt there was no such thing as a Depression, that anyone who wanted work could find it, that the WPA was relief for the lazy, We Poke Along." M y mom admired FDR and Eleanor because they cared about the poor. My dad felt there was no such thing as a Depression...