Despite all the happy talk about “recovery” and higher growth, wages have gone nowhere since 2000–and for the bottom 20% of workers, they’ve gone nowhere since the 1970s. Gross domestic product (GDP) has risen smartly since 2000, but the share…
‘The US Navy’s “goals and objectives” outline for 2016, released last week, does not mince words: the first goal listed in the second subhead reads: “Buy more ships.” And that is exactly what the world’s most powerful navy is doing. On Wednesday, the Defense Department announced it was moving forward with plans to replace its […]
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