Robert Reich

A Former Secretary of Labor chimed in on Boeing Co‘s (NYSE:BA) emblematic market position following years of safety concerns and a plea deal with the United States Department of Justice on Monday. The Plea Deal: Boeing and the DOJ agreed to a preliminary plea deal, according to a court filing...

Former U.S. Secretary of Labor Robert Reich recently criticized former U.S. President Donald Trump, comparing him with ex-presidents who have had controversial moments in history. This comes in the wake of Trump’s recent legal troubles.  What Happened: Reich tweeted on Monday: “...

Former U.S. Secretary of Labor Robert Reich took to X, formerly known as Twitter, to express his astonishment over the controversies surrounding his former law school classmate and Supreme Court Justice Clarence Thomas. What Happened: Reich reminisced about his days in law school with Thomas and...

Former Secretary of Labor, Robert Reich, has seemingly directed his attention toward Bob Iger, CEO of The Walt Disney Co (NYSE:DIS), in the midst of the ongoing strike in Hollywood. On Friday, Reich urged people not to fall for the illusion of scarcity. “CEOs keep pretending they can’t...

Twitter CEO Elon Musk has offered to pay a million Dogecoin (CRYPTO: DOGE) as reward for proof of the existence of an emerald mine that has been attributed to his family.  What Happened: Musk made the offer in response to a tweet by DogeDesigner, a designer at Dogecoin, who had offered to pay 69....

Former Secretary of Labor Robert Reich expressed concerns over the increasing power of select organizations and said that corporate concentration is everywhere in December 2022. What Happened: Reich cited examples of corporate mergers in different sectors and highlighted the fact that few...

Former Labor Secretary Robert Reich has criticized Ray Dalio, founder and board member of Bridgewater Associates, saying the latter hasn't proposed stopping giant hedge funds and private equity funds from forcing companies to squeeze out every ounce of profits, typically by suppressing wages and...

Former Labor Secretary Robert Reich believes the real measure of the economy does not come from the stock market, GDP growth, or the number of jobs; rather, it can be measured accurately at the kitchen tables in America. “In America, it's expensive just to be alive,” he said in a...

Former Labor Secretary Robert Reich has highlighted the wealth gap issue once again, citing a news article based on an Oxfam data report. “The richest 1% took home nearly twice as much wealth as the rest of the world put together over the past two years. If that doesn’t convince...

Former Secretary of Labor Robert Reich believes the biggest economic story of our times isn’t about supply and demand; rather, it’s about institutions and politics. “It’s about power,” he said in late December 2022. What Happened: In a video, Reich highlighted the fact...

University of California, Berkeley Professor and former U.S. Labor Secretary Robert Reich said, in December 2022, that corporate greed, and not government spending, was the main driver of inflation and highlighted a big oil company's recent earnings to drive his point. “Exxon...

Former Labor Secretary Robert Reich believes the terms between Kevin McCarthy and other hardline members in the run-up to this confirmation as House Speaker, as reported by certain media outlets, could be the “most economically irresponsible backroom deal in Republican...

Former Secretary of Labor Robert Reich has expressed his concerns about the Federal Reserve’s fight against inflation in the context of employment.  Reich noted that the central bank’s attempt to rein in inflation by putting people out of work is ‘...

Former Secretary of Labor Robert Reich believes the only thing the “zero-sum” sector produces are many of the nation’s ultra-wealthy and nothing of value. Referring to industries including derivatives, private equity, and hedge funds among others, Reich argues that...

Former Secretary of Labor Robert Reich believes the Federal Reserve’s rate hikes are not working and said the central bank should stop believing it can easily stop profit-price inflation by hiking interest rates. In his article titled “The Fed is Dead” on Substack platform, Reich...