Robert Reich

Former Secretary of the Treasury Lawrence H. Summers, also known as Larry Summers, described the tariffs imposed by President Donald Trump as the “most expensive and masochistic” move by the U.S., which could roil the economy, erasing trillions of dollars. What Happened: Summers...

Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN) and owner of the Washington Post, announced Wednesday a significant shift in the newspaper’s opinion section that will prioritize viewpoints supporting free markets and personal liberties. What Happened: In a note shared on X, Bezos wrote...

Former U.S. Secretary of Labor Robert Reich has called out the tax reduction plans of the Donald Trump-led administration in an X post, terming them as an “absolutely shameless giveaway,” that could shoot up the deficit by $4.6 trillion. What Happened: The possible tax cuts for rich...

Beginning on Jan. 20, 2025, a network of powerful billionaires will exert unparalleled influence over the U.S. government, according to former Labor Secretary Robert Reich. He names venture capitalist Peter Thiel as a central figure in what Reich describes as a “billionaire brain trust...

The Department of Government Efficiency aka DOGE, not Dogecoin (CRYPTO: DOGE), which is going to be formed with Elon Musk and Vivek Ramaswamy at the helm, could be a “quid-pro-quo riddled with conflicts of interest,” said the Bill Clinton-era secretary of labor, Robert Reich. What...

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...

On the second day of Congressional testimony by Fed Chair Jerome Powell, the market indexes showed mixed signals, but key interest rate-sensitive sectors responded negatively. Powell’s comments before the Senate Banking Committee foreshadowing a possible new hike of 0.5% later this month didn...

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...