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Misdiagnosis of the power relation between capital and labor

Trade theories commit a grave injustice in its treatment of labor.(AP)

 

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Investors run from US dollar

Investors run from US dollar

Despite positive market data including lowest inflation in the last five years and significant recovery of consumer confidence dollar has been increasingly losing its appeal to investors.

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Inflation or deflation on the horizon? Economist hope: none.

Inflation or deflation on the horizon? Economist hope: none.

The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. The number of people receiving benefits after an initial week of aid dropped 35,000 to 1.87 million in the week ended Dec. 30, the lowest level since December 1973.

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