From The New York Times Magazine, it is safe to resume ignoring the prophets of doom, right? Why lots of the smartest economists believe the worst is yet to come; and why do we still care about the Dow? Imagine you know someone with pointed opinions, and is often wrong — would you ask him for financial advice? Class warfare in the USA: Gordon Lafer on anti-unionism and the legislative agenda of the 1%. A review of The Civil Wars in U.S. Labor: Birth of a New Workers’ Movement or Death Throes of the Old? by Steve Early. Get your own damn coffee: Most unpaid internships are illegal — why don’t more interns protest? From FDL, a book salon on Corporations Are Not People: Why They Have More Rights Than You Do and What You Can Do About It by Jeff Clements. A review of The Escape Artists: How Obama's Team Fumbled the Recovery by Noam Scheiber (and more and more and more and more). If liberals want to help the poor, they should focus on the class. Welcome to the 1 percent recovery: That elite sliver reaped 93 percent of the post-recession income gains — is extreme inequality America's new normal?
