Portside

The White House vs NPR - and more

It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American economy. Nothing could be further from the truth.

Davos Man is also fine with government regulations that reduce the bargaining power of ordinary workers. For example, Davos Man has not objected to central bank rules that target low inflation even at the cost of raising unemployment. Nor has Davos Man objected to meaningless caps on budget deficits, like those in the European Union, that have kept millions of workers from getting jobs.

Increasing inequality and poverty are very far from inevitable. They’re the result of political and economic decisions.

Leaders from Israel's tech and banking industries will fly to Davos economic forum to support Kerry's peace effort, urge Israel and Palestinians to reach deal to save Israel's economy from looming boycott

While some of the world's economic and political elite gathered in Davos, Switzerland for the annual World Economic Forum, a United Nations agency reported that there has been an increase in unemployment planet-wide of 28 million since the onset of the current economic crisis five years ago. One million jobs were lost in western capitalist economies last year alone and three million in the rest of the world.