In a drive to see human contentment guide policymaking, a research centre in Bristol has found a way to score cities by their residents’ wellbeing. In a place which is home to some of England’s poorest areas, politicians are listeningIf there is one experience every citizen of Bristol knows well, it is the misery of trudging, sodden and panting, up a steep hill as the rain pours down on you. No word captures the feeling of grumbling discontent it inspires, and few would be foolish enough to put a number on it.
Archbishop of Canterbury among leading figures joining two-year study by left-leaning Institute for Public Policy ResearchThe archbishop of Canterbury will spend the next two years as part of a commission launched by a left-leaning thinktank that aims to rewrite the rules for Britain’s post-Brexit economy.Justin Welby will join other leading figures including the general secretary of the TUC, Frances O’Grady, and the chairman of the John Lewis Partnership, Sir Charlie Mayfield, on the Institute for Public Policy Research (IPPR) programme that will seek remedies for six key UK weaknesses. Continue reading...
US president and German chancellor write joint article stressing importance of partnership on issues such as climate change and terrorismOutgoing US president, Barack Obama, and the German chancellor, Angela Merkel, have made an appeal for continued cooperation between the US and the European Union on climate change, anti-terror measures as well as a transatlantic trade deal during Donald Trump’s presidency.In a joint op-ed published in German weekly Wirtschaftswoche on the eve of the president’s last European visit in office, the two leaders argue that while the world is at a crossroads, “the future is already happening and there will not be a return to a world before globalisationâ€.Related: Obama calls for 'course correction' to share spoils of globalisation Continue reading...
Too many employees are no longer protected by a legal system designed for a different ageOur report that a well-qualified academic once earned so little on his casual contract that he had to supplement it with a job as a refuse collector is confirmation that precarious work has metastasised from unskilled or elementary-level jobs to reach parts of the economy once considered the epitome of security. According to analysis of the official figures by the University and College Union, more than half of academics in Britain’s universities, where students are paying £9,000 a year in fees, are employed on temporary or insecure contracts. They are recruits to a burgeoning class of workers, many of them described as self-employed, that make up the “just about managingâ€. Ranging from agency workers in warehouses and care assistants to the top-grade professions, these are the people who Theresa May has pledged to put at the heart of her response to the Brexit revolt.Related: Universities accused of 'importing Sports Direct model' for lecturers' payRelated: More than 7m Britons now in precarious employment Continue reading...
George Monbiot concludes that, in response to the crisis that lies behind Brexit and Trump, what we need is “a new story of what it is to be a human in the 21st century†(The deep story beneath Trump’s triumph, 14 November). What we actually need is a revolution in our institutions of learning.In order to solve the grave global problems we face – climate change, population growth, extinction of species, war, inequality and the rest – we need governments to act appropriately. But governments are unlikely to be much more enlightened than electorates. Hence we require the public to have a good understanding of what our problems are, and what we need to do about them. That in turn requires that universities are devoted to intelligent public education about our problems and how to solve them. At present universities, devoted primarily to the pursuit of knowledge, fail disastrously to do what is required. Continue reading...
by Phillip Inman Economics correspondent on (#21SCH)
Study will put pressure on Philip Hammond to boost spending across public and private sectors in autumn statementBritain ranks among the worst performers in the developed world for spending on new technology, industrial machinery and transport equipment, according to a study by the TUC of investment spending in the public and private sectors.The UK came 34th out of the 34 members of the Organisation for Economic Cooperation & Development (OECD) for spending on transport equipment.Related: UK slowdown will give chancellor little scope for tax cuts, says PwC Continue reading...
Chancellor gets surprise boost as UK inflation rate dips to 0.9% but analysts expect cost of living to climb as rising costs feed through to consumersPhilip Hammond was on Tuesday being urged to ignore a small and unexpected fall in inflation and use next week’s autumn statement to protect Britain’s poorest families from an expected sharp rise in the cost of living in 2017.The chancellor was provided with a boost ahead of his first set-piece occasion on November 23 when cheaper clothes and a smaller increase in university tuition fees meant the annual increase in the cost of living as measured by the consumer prices index fell from 1% to 0.9%.Related: UK inflation rate drops to 0.9% – business live Continue reading...
Once bitten, twice shy is the phrase that comes to mind as the Bank of England governor appears before MPsThe governor of the Bank of England took a lot of flak during the EU referendum campaign for forecasting an economic downturn in the event of a Brexit vote, so he was hellbent on giving away as little information as possible at his latest appearance before the Treasury select committee. See no evil, hear no evil, speak no evil.“I may be a bit thick,†said the Conservative Kit Malthouse, a newcomer to the committee, “but can you explain what exactly forward guidance is?†Continue reading...
by Henry McDonald Ireland correspondent on (#21PE4)
Sean Barrett calls on government of Enda Kenny to support France’s attempts to win concessions from Brussels to stop a ‘Frexit’Ireland should be drawing up contingency plans for the EU unravelling after Brexit and a possible French departure, an economic adviser to successive Irish governments has said.Dr Sean Barrett urged Enda Kenny’s administration in Dublin to strongly back any French attempt to gain more concessions from Brussels to prevent a possible “Frexitâ€.
Too many Americans feel left behind by globalisation. But Trump is unlikely to pursue the agenda his voters need. This is what he should doDonald Trump’s astonishing victory in the US presidential election has made one thing abundantly clear: too many Americans – particularly white male Americans – feel left behind. It is not just a feeling, it can be seen in the data no less clearly than in their anger. And, as I have argued repeatedly, an economic system that doesn’t deliver for large parts of the population is a failed economic system. So what should President-elect Trump do about it?Over the past third of a century, the rules of America’s economic system have been rewritten in ways that serve a few at the top, while harming the economy as a whole, and especially the bottom 80%. The irony of Trump’s victory is that it was the Republican party he now leads that pushed for extreme globalisation and against the policy frameworks that would have mitigated the trauma associated with it. But history matters: China and India are now integrated into the global economy. Besides, technology has been advancing so fast that the number of jobs globally in manufacturing is declining.Related: Trumpism could be a solution to the crisis of neoliberalismRelated: The Oval Office will tame President Donald Trump Continue reading...
There is Keynesian merit in Trump’s policies which challenge the neoliberal obsession with deficits and debt reduction. Liberals need to question and refine the plan, not dismiss it as ignorant ravingsThe Republican establishment has gone into overdrive to present President-elect Donald Trump as a guarantor of continuity. Of course, he is nothing of the sort. He campaigned against the political establishment, and, as he told a pre-election rally, a victory for him would be a “Brexit plus, plus, plusâ€. With two political earthquakes within months of each other, and more sure to follow, we may well agree with the verdict of France’s ambassador to the United States: the world as we know it “is crumbling before our eyesâ€.The last time this seemed to be happening was the era of the two world wars, 1914 to 1945. The sense then of a “crumbling†world was captured by WB Yeats’s 1919 poem The Second Coming: “Things fall apart; the centre cannot hold;/Mere anarchy is loosed upon the world.†With the traditional institutions of rule thoroughly discredited by the war, the vacuum of legitimacy would be filled by powerful demagogues and populist dictatorships: “The best lack all conviction, while the worst/are full of passionate intensity.†Oswald Spengler had the same idea in his Decline of the West, published in 1918.Related: We are living in a depression - that's why Trump took the White HouseThe second coming of liberalism represented by Roosevelt, Keynes, and the founders of the European Union has been destroyed by the economics of globalisation: the pursuit of an ideal equilibrium through the free movement of goods, capital, and labour, with its conjoined tolerance of financial criminality, obscenely lavish rewards for a few, high levels of unemployment and underemployment, and curtailment of the state’s role in welfare provision. The resulting inequality of economic outcomes strips away the democratic veil that hides from the majority of citizens the true workings of power.Related: Neoliberalism: the deep story that lies beneath Donald Trump’s triumph | George Monbiot Continue reading...
Look carefully and it is clear that rapacious capitalism has all of us - not just the working class - in its sightsAt least now you know who to blame. Since Brexit and especially after Donald Trump, the quack analysts have been out in force, holding aloft their quack explanations. It is apparently all the fault of the white working classes. They got left behind and cast aside in the past two decades of globalisation – now they’re making the rest of us pay.Related: No politician can keep a promise to bring back jobs – especially not Donald Trump Continue reading...
Annual review of the Australian economy also criticises rise in underemployment and longer-term unemploymentThe Australian economy could expect a stronger performance if the recent improvement in the terms of trade boosts business confidence and unlocks investment, the International Monetary Fund said.The IMF said Australia’s economic performance had remained remarkable compared with other countries, but warns there was a downside risk to the outlook if investment remained subdued should company profits remain under pressure for longer.Related: Harping on about economic growth makes politicians seem out of touch | Greg Jericho Continue reading...
Views divided over decision by Office for National Statistics to shift focus to CPIH, which includes housing costsIn the midst of all the market turmoil following Donald Trump’s US election victory last week, the UK’s Office for National Statistics announced an important change in how it publishes inflation numbers – and not everyone is happy.From March next year, statisticians will drop their focus on the consumer prices index (CPI) in favour of CPIH, which seeks to measure the housing costs of owner-occupiers.Statement on the future of consumer price #inflation statistics in the UK https://t.co/esKX9h9yFp Continue reading...
Report predicts Philip Hammond will be prudent in next week’s autumn statement and forecasts slowing GDP growthA slowdown in the UK economy will hit tax receipts and leave the chancellor with little wriggle room for giveaways at next week’s autumn statement, a new report warns.Publishing new forecasts for GDP growth to slow next year as the Brexit vote bites, the consultancy firm PwC said Philip Hammond could afford some spending on big projects such as housing and roads if he changed the government’s fiscal rules. But he would not have the money for large net tax cuts and would probably keep a tight rein on spending by central and local government.Related: £25bn hole will limit Philip Hammond's options in autumn statement, says IFS Continue reading...
Donald Trump’s formula of tax cuts, spending and deregulation risks a US boom followed by an almighty bustIt remains early days for assessing Donald Trump’s economic plans, not least because of the difficulty in separating the serious policies from the wilder campaigning rhetoric, but the bond market seems clear on the central point: the president-elect intends to cut tax taxes, increase spending and deregulate.Investors know what that cocktail produces. It boosts growth, at least for a while, and it generates inflation. Even famed liberal economist Paul Krugman has switched from predicting an imminent global recession. “Don’t be surprised if economic growth actually accelerates for a couple of years,†he says, because the “dire effects of Trumpism†will take time to become manifest.Related: Global bonds slump as Trump prompts inflation fears Continue reading...
Sell-offs continue as investors predict tax cuts and infrastructure spending will lead to higher interest ratesFears about the inflationary potential of Donald Trump’s planned tax cuts and infrastructure spending have sent shock waves through the world’s bond markets, as investors take fright at the prospect of higher than expected interest rates in the years ahead.Central banks are braced to suffer fresh losses on their vast holdings of government debt after the sell-off that saw $1tn wiped off the value of bonds last week intensified on Monday.Related: Dow hits record high after Trump win but investors warn of volatility Continue reading...
Study finds floods, storms and droughts cost global economy $520bn a year and highlights need to tackle climate changeFloods, earthquakes, tsunamis and other extreme natural disasters push 26 million people into poverty each year and cost the global economy more than half a trillion dollars in lost consumption, the World Bank has said.A bank study of 117 countries concluded that the full cost of natural disasters was $520bn (£416bn) a year – 60% higher than any previous estimate – once the impact on poor people was taken into account.Related: How America's new president will affect the global economy Continue reading...
Rise in zero-hours contracts, gig economy and unreliable pay have fed revolt, says ILO boss Guy RyderPoliticians around the world risk giving more traction to nationalistic movements if they continue to ignore the growing numbers of workers getting a “raw deal†from globalisation, the head of the UN’s labour agency has warned.The director general of the International Labour Organization (ILO), Guy Ryder, described Donald Trump’s victory in the US presidential election and the UK’s vote for Brexit as “the revolt of the dispossessed†and gave a damning assessment of the establishment’s failure to offer an alternative to protectionism.Related: Neoliberalism: the deep story that lies beneath Donald Trump’s triumph | George MonbiotRelated: We are living in a depression - that's why Trump took the White HouseRelated: He’s right, the economy is sick – and businesses like Trump’s are part of the disease | Mariana Mazzucato Continue reading...
President-elect ‘will be condemned for his recklessness, ignorance and incompetence’ if he imposes tariffs, says Communist party-controlled paperUS president-elect Donald Trump would be a “naive†fool to launch an all-out trade war against China, a Communist party-controlled newspaper has claimed.During the acrimonious race for the White House Trump repeatedly lashed out at China, vowing to punish Beijing with “defensive†45% tariffs on Chinese imports and to officially declare it a currency manipulator.Related: As the election haze clears, Trump’s China conundrum will become clear | Jonathan FenbyRelated: Australia, China, and the lunacy of Trump's talk of a trade war | Bob Carr Continue reading...
Moody’s warns of rising threat of protectionism but says Donald Trump policies will lift US growth just as Brexit uncertainty will weigh down UKThe US is expected to lead global growth higher over the next two years despite the growing threat posed by protectionist policies, Moody’s Investors Service has warned.The rating agency predicted the US would be the fastest growing of the G7 leading industrial countries in 2017 and 2018, with short-term growth boosted by Donald Trump’s plans to cuts taxes and spend more on American infrastructure.Related: We are living in a depression - that's why Trump took the White HouseRelated: He’s right, the economy is sick – and businesses like Trump’s are part of the disease | Mariana Mazzucato Continue reading...
Businesses call for guarantee that any post-Brexit border controls will not slow travel times as 220,000 jobs depend on rapid linkA quarter of Britain’s trade with the EU, worth more than £90bn a year in imports and exports, depends on the Channel tunnel, according to a report into the economic benefits of the transport link.With Brexit negotiations expected to begin once article 50 is triggered next year, businesses are calling on the government to ensure that any new border controls – for customs or security – do not slow travel times and put jobs at risk.Related: UK trade deficit widens unexpectedly as exports fall despite pound drop Continue reading...
Party says slow wage growth means chancellor should not go ahead with ‘damaging cuts’ to universal creditSluggish wage growth means the average employee is £3,500 a year worse off since the Conservatives came to power, according to Labour analysis of Treasury figures before chancellor Philip Hammond’s first autumn statement next week.Compared with the average wage growth under Labour, full-time employees are £67 a week or £292 a month worse off, the party’s report found. The analysis compared the average annual percentage change in wages in the six years of the Conservative and coalition governments, which is 1.3%. Continue reading...
Britain must be global leader in free trade, says PM, after Brexit vote and Donald Trump’s election as US presidentBritain must “adapt to the moment and evolve its thinking†to become a global leader in free trade, Theresa May is to say.
US president says it is in world’s interest for Greece to stay in eurozone and praises EU as ‘one of greatest political and economic achievements of modern times’The US president, Barack Obama, has signalled he will use a critical two-day visit to Athens this week to step up calls for the country to be given “meaningful debt reliefâ€.Related: Barack Obama must fulfil his pledge to close Guantánamo Bay now | Letters Continue reading...
Since 1975, the fruits of economic growth have disproportionately been taken by the few. Donald Trump tapped into the quiet simmering anger of the manyWords matter. The process of understanding why Donald Trump is now heading for the White House starts with the correct description of what has happened in the eight years since Barack Obama became president.Some economists call the turbulent period that followed the collapse of Lehman Brothers the Great Recession. Others say the US along with other developed nations is experiencing secular stagnation. Anything, it seems, to avoid using the D word: depression.Related: The reasons for Trump were also the reasons for Brexit | John Harris Continue reading...
The protectionist president-elect has trade deals at the top of his to-do listDonald Trump mined deep discontent running through America and struck gold.The political outsider drew derision when he announced his bid for the US presidency. But Trump’s protectionist, anti-immigration rhetoric and a pledge to be the “greatest jobs president that God ever created†struck a chord. Continue reading...
The consequences of US isolationism, or an alliance with Putin, are so ominous that leaving the EU is the last thing the UK needsAll right: the egregious Donald Trump’s victory is, in his words, “Brexit plus, plus, plusâ€, and it is far more significantly ominous for the rest of the world than Brexit.But what Trump’s triumph also does is to strengthen the case for re-examining the Brexit decision. Europe is now faced with huge geopolitical concerns. It should be pulling together, and resisting the centrifugal forces which the result of the British referendum can only aggravate. Continue reading...
Market concerns shift to euro after concerns over Brexit vote, but sterling remains well below pre-referendum levelsThe battered pound has notched up its best two-week performance in eight years after the surprise US election result took investor focus off the UK’s Brexit challenges.Market concerns shifted to the euro amid fears that Donald Trump’s victory will trigger a wave of populism and political uncertainty throughout Europe.Related: S&P predicts hard Brexit and fresh downgrade for UK Continue reading...
Digital intermediaries such as Google and Facebook are not only amassing eye-watering profits and paying minimal tax in the UK, they are also bleeding the newspaper industry dry by sucking up advertising revenue. As national and local newspapers try to cut their way out of trouble by slashing editorial budgets and shedding staff, journalistic quality is becoming a casualty. Public interest journalism in particular has been hit the hardest as newspapers are lured into a clickbait culture which favours the sensational and the trivial. In the light of this, we propose a 1% levy on the operations of the largest digital intermediaries with the resulting funds redistributed to non-profit ventures with a mandate to produce original local or investigative news reporting.This kind of cross-subsidy is what sustained Channel 4 in its formative years. We believe that it is now time for policymakers to address the emergent gaps in the supply of diverse media and to secure the trusted and independent news system that our democracy so desperately needs. We are backing an amendment to the digital economy bill currently going through parliament and will continue to press for a news media that places the public interest above those of shareholder and vested interests.
In a blunt assessment the ratings agency calls UK a deeply divided, diminishing economic power on verge of losing the right to freely export to the EUBritain is in store for a hard Brexit that will hit the UK economy and lay bare the deep divisions in British society, a leading ratings agency has warned.In a bleak assessment of the UK’s prospects following the EU referendum, Standard & Poor’s said Britain was a diminishing global economic power on the verge of losing the ability to freely export goods and services to the EU. Continue reading...
Official data echoes reports from builders of growing economic uncertainty following vote to leave the EUThe construction sector suffered its worst quarter for four years following the vote to leave the EU and, in a blow to government hopes for better housing supply, homebuilding stalled.Official figures showed output in the construction sector, which accounts for 6% of the UK economy, slipped by 1.1% in the July to September quarter from the previous quarter. That echoed reports from builders after the Brexit vote that economic uncertainty was hitting their order books.1.1% fall in construction in Q3, slightly smaller than the 1.4% fall estimated in preliminary #GDP https://t.co/qV2VTQy5SnRelated: UK construction sector activity falls further in July Continue reading...
Once in office, Trump will throw symbolic red meat to his blue-collar supporters, while reverting to the same supply-side, trickle-down economicsNow that Donald Trump has unexpectedly won the US presidency, it is an open question whether he will govern in accordance with his campaign’s radical populism, or adopt a pragmatic, centrist approach.If Trump governs in accordance with the campaign that got him elected, we can expect market scares in the US and around the world, as well as potentially significant economic damage. But there is good reason to expect that he will govern very differently.Related: As the election haze clears, Trump’s China conundrum will become clear | Jonathan Fenby Continue reading...
by Milford Bateman and Jonathan Glennie on (#216CR)
As Cuba seeks to revitalise its ailing economy, it could learn much from countries where development has gone hand in hand with state involvementCuba is attempting serious economic reform, influenced in part by the promise of the calamitous US embargo being lifted. Cuba’s social achievements are the envy of the global south, in particular its state-run health system, but on the economic front there is less to write home about.Central planning has never worked, and it certainly did not in Cuba. But free markets have not worked very well either.Related: Cuba: A development model that proved the doubters wrong | Jonathan GlennieCuba's decisions will not only determine its own history and economic success, but also echo across the global south Continue reading...
Hopes for global tax regulation are unrealistic but tax transparency, as a condition of market access for multinationals, could happen nowIt might be strange hearing this from a banker, but there is not enough transparency around tax. The result is a situation that favours Alphabet (owner of Google), Amazon and Apple at potentially the expense of everyone else.
Concerns about possible US inflation also acted to push the US dollar higher against units such as the Indonesian rupiah and Malaysian ringgitAsia’s emerging currencies have have been hit hard by a wave of selling as financial markets bet on the prospect of Donald Trump pursuing protectionist trade policies.
by Katie Allen and Dominic Rushe in New York on (#214R1)
Warning of ‘muddled trading’ as Dow Jones rallies, FTSE 100 dips and concern grows over new presidency effect on global economyThe Dow Jones Industrial Average closed at a record high on Thursday, rising more than 200 points as traders continued to absorb Donald Trump’s victory in the US presidential race.Investors have been warned to brace for more sharp moves on financial markets as uncertainty endures over how Trump’s campaign rhetoric will translate into policies.Related: Dow Jones hits record high on Trump bump, but London market falters - as it happenedRelated: How America's new president will affect the global economy Continue reading...
A word of caution: the president-elect’s infrastructure plans appear to rely on money he hopes other people will provideAmerican investors seem naively trusting of President-elect Trump’s economic plans. On one hand, they say those wild campaign pledges to slap stiff tariffs on Chinese and Mexican imports in pursuit of the most protectionist US trade policy since the 1930s should not be taken too literally. On the other, they conclude that a Trump presidency definitely means heavy investment in infrastructure, which will be excellent news for all those suppliers of raw materials and equipment needed to upgrade roads, bridges, schools, tunnels, electricity networks and so on.Both thoughts are understandable, of course. Even Trump has never been firm on the idea of 45% tariffs on China. It was a threat “if they don’t behave,†he said during one debate, “it doesn’t have to be 45%, it could be lessâ€. Plenty of scope there to water down the policy. Continue reading...
by Rupert Neate (now), Graeme Wearden, Nick Fletcher on (#20WSD)
Wall Street reacted positively to the election of Donald Trump as the 45th US president, despite his victory sparking panic on global markets earlier in the day. But experts warned that the US, and global, economy faces a very uncertain future.
History suggests Donald Trump’s package for growth and jobs works but at a cost of higher inflation and a bigger budget deficitBecome a Guardian supporter or make a contributionBy voting for Donald Trump, Americans have chosen the candidate with the more radical programme for the economy. Hillary Clinton’s proposals were cautious, costed and conservative. By contrast, the president-elect is gambling that he can shift the US out of its post-financial crisis torpor through a mixture of tax cuts and spending increases even though they run the risk of higher inflation and a bigger budget deficit.Although Trump campaigned as an outsider, his policies have been tried before. Ronald Reagan said his tax cuts and extra spending for the Pentagon would generate higher revenues and balance the budget. It didn’t. Tax breaks for the rich and military Keynesianism sent the deficit rocketing.Related: Trump's economic policies: protectionism, low taxes and coal mines Continue reading...
From trade war with China to jobs turmoil in Mexico, Trump’s reign will pose new threats to already fragile world economyDonald Trump’s victory in the US presidential elections will have implications for the whole global economy. Continue reading...
The financial markets have been rocked by Donald Trump’s victory in the US election, but what are the president elect’s policies?Become a Guardian supporter or make a contributionAfter a long and bitter campaign for the US presidency, Donald Trump has triumphed over Hillary Clinton and the world’s financial markets have been rocked.For Trump’s supporters he represents a chance to shake up a system that many Americans feel has increased inequality and squeezed living standards. For less complacent investors, there are worries Trump’s anti-globalisation mantra will spread protectionism around the world, put up trade barriers and curb global economic growth. Furthermore, markets do not like unknowns and with Trump going to the White House they are dealing with a complete newcomer to politics. His administration is widely expected to mark a departure from the policies of his own Republican party as well as the outgoing Democrats.In terms of trade deals, both TTIP and the TPP now look dead in the water Continue reading...
Economic and political forecasters failed to predict the fall of the Berlin Wall and the 2008 recession – and this year has been even worse• Become a Guardian supporter or make a contributionGlobal markets were rocked by the stunning news from the US presidential election. The Mexican peso was down 12% at one point. The US dollar fell 2.5% against the yen. Markets have been hedging a Trump win with gold, which was up by $40 an ounce, or 3.2%. Uncertainty is in the air.It must be said that this has been a disastrous decade for professional forecasters of the economic and political varieties. Donald Trump was behind in the daily poll average published by Real Clear Politics every one of the past 95 days and won. On Monday 7 November, of the 10 national polls that were issued, nine had Trump behind. A couple of polling organisations did have it right but were ignored. It turns out that a Trump victory wasn’t a total surprise. The IBD/TIPP tracking poll, which was the most accurate in the previous three elections, 2004, 2008 and 2012, in its final poll on 8 November had Trump two points ahead. The LA Times tracking poll had Trump consistently ahead since the end of October and in its latest poll on Monday he was ahead by three. The biggest difference apparently involved weighting – that is, the process of adjusting a poll’s data to make sure it properly represents the diversity of the population.Related: Globalisation backlash enters new phase with Trump win Continue reading...
This is a political and cultural cataclysm that few believed would really happen. It’s a bleak day for America, and for the pluralism and diversity the country has come to stand for
Trump’s victory is a betrayal of ethnic minorities and women. Progressives must direct their energies to building an alternative to the failed neoliberal model