It was a bearing on car 32 which was “trending hot” beneath its load of ethanol (boom?!) Nonetheless, the crew of the two mile long train was ordered to proceed, even as they approached a heavily populated area.
Why?
Moreover, for some folks, our entire economy had become “too hot to handle.” As it happened, a delegation of ruling-class types was deployed to tinker with the Federal Reserve (Oops!). In the process they managed to kill a few lesser banks, although their intent was merely to trigger a degree of recession (i.e., stymie wage growth) by raising interest rates.
Remember the “Volker Schock” of 1979? I sure do. At the time, I was living in East Phillips and had just begun my employment at Smith Foundry. However, a period of mass layoffs would soon ensue, along with plant closings and anti-union campaigns all across the land. “The standard of living has to decline.” So said the chairman of the Federal Reserve.
Is it fair to fight inflation by quashing wage growth? Gosh, golly, no. Indeed, some good people at the Economic Policy Institute have crunched the numbers on our behalf. Actually, fatter profit margins account for 54% of inflation since the pandemic started and, oh my goodness, wage costs have contributed only 8%!… Read the rest “Raise Your Voice: Trending Hot”
Come and hear the fabulous youth poets of the Semilla Center for Healing and the Arts as they launch the 8th edition of The Phoenix of Phillips literary magazine. Food and surprises!
Friday, March 3rd, from 5-7pm at Midtown Global Market.
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Raise Your Voice: Trending Hot
By PETER MOLENAAR
It was a bearing on car 32 which was “trending hot” beneath its load of ethanol (boom?!) Nonetheless, the crew of the two mile long train was ordered to proceed, even as they approached a heavily populated area.
Why?
Moreover, for some folks, our entire economy had become “too hot to handle.” As it happened, a delegation of ruling-class types was deployed to tinker with the Federal Reserve (Oops!). In the process they managed to kill a few lesser banks, although their intent was merely to trigger a degree of recession (i.e., stymie wage growth) by raising interest rates.
Remember the “Volker Schock” of 1979? I sure do. At the time, I was living in East Phillips and had just begun my employment at Smith Foundry. However, a period of mass layoffs would soon ensue, along with plant closings and anti-union campaigns all across the land. “The standard of living has to decline.” So said the chairman of the Federal Reserve.
Is it fair to fight inflation by quashing wage growth? Gosh, golly, no. Indeed, some good people at the Economic Policy Institute have crunched the numbers on our behalf. Actually, fatter profit margins account for 54% of inflation since the pandemic started and, oh my goodness, wage costs have contributed only 8%!… Read the rest “Raise Your Voice: Trending Hot”