By Brad Polumbo A new “Hero Pay” mandate in Long Beach, California has inadvertently cost some frontline grocery workers their jobs. “Ralphs and Food 4 Less, both owned by the parent company Kroger, announced Monday that they will be closing 25% of their stores in Long Beach after the city council passed an ordinance requiring companies with over 300 employees nationwide … [Read more...] about Local Kroger Stores Close as California “Hero Pay” Ordinance Backfires
By Joakim Book When the melting pot has stopped melting and started stirring, you need to try something else. America was always the land of opportunity, where working hard meant getting ahead and doing well was not just allowed but encouraged. Where you could mind your own business and where your right to believe the craziest of things was routinely accepted and then … [Read more...] about The Only Way To Win Is Not To Play
By Caitlin Johnstone A policeman sees a drunk man crawling around on his hands and knees at night and asks what the problem is. The drunk man says he’s trying to find his keys, so the officer gets down and starts searching with him. For a few minutes they crawl around hunting for the missing key ring by the light of the street lamp before the policeman stands up … [Read more...] about The Streetlight Effect: When People Look Within The System For Solutions To The System
By Richard M. Ebeling When most people put on their “reality” hats about politics, there are few among them who do not cynically see the power-lusting, the corruption, and the hypocrisy in most of what is said and done by those running for or sitting in political office. A constant point of dispute and disagreement is over how and why it is that governments have this … [Read more...] about Don’t Confuse Free Markets with the Interventionist State
Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis and is forcing states to develop rescue packages on a scale not seen before. In addition, the crisis has called into question the US dollar's hegemony and could redefine the global monetary system. A team of researchers from the Institute for … [Read more...] about How is COVID-19 Affecting the Global Economic Order?