September 19, 2013 |
Today's front page of the L.A. Times brought sobering economic news: Boeing's shutting its Long Beach C-17 plant, and up to 3,000 people will lose their jobs. Unemployment in L.A. County still stands at 9.9%. The Federal Reserve says it is downgrading its forecast for U.S. economic growth to 2% to 2.3% this year, off from the 2.3% to 2.6% it had predicted in June. Why is the recovery so anemic, more than four years after the Great Recession? Former Labor Secretary Robert Reich believes it has quite a bit to do with income inequality in America.
September 19, 2013 |
Former Labor Secretary Robert B. Reich, who served in the Clinton administration, warned during an interview of the perils of widening income inequality in the United States, excessive executive compensation and the future of labor. Reich is promoting his new documentary, "Inequality for All," which looks at the income gap and possible solutions. The film premiered at the Sundance Film Festival in January and won a special jury prize in the documentary competition for director Jacob Kornbluth.
April 8, 2013 |
The workplace is changing as many companies, looking to increase productivity, ask employees for more while giving them less, according to a Los Angeles Times series. That's difficult for individuals at work - but it might also have a profound impact on the economy in the long-term. If workers feel that they have little job security and could be replaced at any time, they're unlikely to spend a lot of money on the big ticket items that fuel consumer spending and, thus, the GDP. With professional development opportunities disappearing, promotions are harder to come by, restricting access to the middle class.
September 4, 2012 |
Click here to download TV listings for the week of Sept. 2 - 8 in PDF format This week's TV Movies CBS This Morning Julie Chen; Sharon Osbourne; Democratic National Convention. (N) 7 a.m. KCBS Today Demi Lovato. (N) 7 a.m. KNBC KTLA Morning News (N) 7 a.m. KTLA Good Morning America CMA Awards nominees with Jason Aldean and Lady Antebellum. (N) 7 a.m. KABC Live With Kelly Meredith Vieira; Demi Lovato; NBA player Amar'e Stoudemire.
December 17, 2011 |
Robert Reich has worked in a lot of big white buildings -- in the Senate, as an intern to Robert F. Kennedy; in the office of then-Solicitor General Robert Bork; in the Ford and Carter administrations; and as labor secretary to President Clinton. Now the political economist works in another set of big white buildings, teaching at UC Berkeley, where his "Wealth and Poverty" class is as overbooked as a bargain flight to Paris, and where he dotes on his 3-year-old granddaughter, to whom he dedicated his latest book, "Aftershock": "To Ella Reich-Sharpe, and her generation.
August 10, 2011 |
You knew it would be a rough week for President Obama when one of the sharpest attacks began, not in the familiar precincts on the right, but in the New York Times' Sunday Review section, where an extra-long cover piece bemoaned the president's lack of leadership, fire and philosophical core. Psychologist and Democratic advisor Drew Westen railed about our economic crisis and how Obama allegedly has tried to appease his way to a solution. The 3,000-word essay depicted the president as a rudderless politician who "seems … compelled to take both sides of every issue.