A large part of Europe is still shell-shocked by the “compromise” that was decided in the Sunday, July 12 Eurozone marathon. Without repeating the list of reforms imposed on Greece, they are much harsher than what had been negotiated weeks and months before, even harsher than anything imposed on Greece since … More >
Do not hold your breath on Sunday’s deadline for credible Greek proposals to come up to unlock the Greek crisis. This is mostly a trap to accelerate Grexit. At best, it is a Pontius Pilates move by German Chancellor Angela Merkel — to wash herself of the responsibility of Greece … More >
Tsipras won the referendum, but where do we go from now? Most, if not all of my Greek friends, intellectuals I highly respect campaigned for the Yes. I understand many of their concerns. Greece was institutionally not ready to enter the Eurozone.
Greece politics are dysfunctional and clientelistic — there has … More >
The U.S. Department of Labor just proposed raising the overtime threshold – what you can be paid and still qualify to be paid “time-and-a-half” beyond 40 hours per week – from $23,600 a year to $50,400.
This is a big deal. Some 5 million workers will get a raise (see video).
Business lobbies are … More >
I returned this week from Ravello, Italy where I participated in the 19th International Consortium for Applied Bioeconomy Research (ICABR) conference. Ravello is one of the “100 places you must see before you die”. Located atop Amalfi Bay and near Naples, it is a village full of colorful gardens, magnificent palacios, … More >
How can it be that the largest pending trade deal in history – a deal backed both by a Democratic president and Republican leaders in Congress – is nearly dead?
The Trans Pacific Partnership may yet squeak through Congress but its near-death experience offers an important lesson.
It’s not that labor unions have … More >
Uri Regev, a teacher and friend of mine, passed away on April 22 in Israel at the age of 80. Uri grew up in Kibbutz Yagur in Israel, studied economics at Hebrew University and came to Berkeley, where he got his Ph.D. in agricultural economics in 1968. He spent most of … More >
California has a serious low-wage jobs problem, and it’s only gotten worse over the past 15 years.
In a new analysis my colleagues and I found that fully a third of our state’s workers earned low wages in 2014 – less than $13.63 an hour. That’s about 4.8 million workers, the … More >
On Friday, President Obama chose Nike headquarters in Oregon to deliver a defense of his proposed Trans-Pacific Partnership.
It was an odd choice of venue.
Nike isn’t the solution to the problem of stagnant wages in America. Nike is the problem.
It’s true that over the past two years Nike has added 2,000 good-paying professional … More >