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The Department of Labor’s monthly unemployment report released today shows  an unemployment rate of 3.4% for workers over the age of 55. The unemployment rate has decreased from 3.6% last month to 3.4%, a decrease of 0.2 percentage points.

In addition to imposing a financial cost on older workers, unemployment can also impose a psychological cost. The unemployed are not unemployed by choice. And being deprived of choice creates a feeling of helplessness. According to the Health and Retirement Study (HRS), a nationally representative study of older Americans, unemployed respondents were more likely than both workers and retirees their same age to report a general feeling of helplessness. Among 55 to 64-year-olds, 40% of the unemployed agreed with the statement, …

According to the 2014 United Nations World Urbanization Prospects report, some two-thirds of the world’s population is expected to reside in cities by 2050, more than double the percentage of urban dwellers that existed across the globe in 1950. To manage this growth, policymakers have embraced the notion that cities need to become ‘smart’, …

Anwar Shaikh has been teaching economics at The New School for 42 years. One of the world’s leading heterodox economists, he argues that the neoclassical models taught at most universities are bad tools for analyzing capitalism. He hopes that his recent book, Capitalism: Competition, Conflict and Crisis, can be the foundation for an alternate economic theory and pedagogy. He recently sat down with New School student Ebba Boye to talk about this work.

Why did you write this book? When I first entered economics it was with a wish to understand how the world works. I am from Pakistan, I grew up in a part of the world where disparity in wealth was enormous and growth was slow. My father was a diplomat who was posted in many countries so growing up I observed a diversity of peoples, cultures and economies. In Kuwait I observed how they had more money than they could count,  …

The battle for the presidential nomination has exposed ideological and class fault lines within the Democratic Party. The opposition to Hillary Clinton’s position on trade and other economic issues reveal the sense among many registered Democrats that the Party establishment has abandoned their economic concerns. The shift in the class interests of the Party has not been a sudden one, precipitated by the Trans-Pacific Partnership or even NAFTA, but part of a longer story of transformation, a shift of the Democratic base away from its roots in the labor union halls in northern cities and toward white-collar tech workers in the suburbs and gentrified enclaves of major metropolises. Since the 1960s, suburban knowledge professionals and high-tech corporations have supplanted urban ethnics and labor unions as the party’s core constituency. …

An exhibition now touring several cities in Europe is worth visiting and thinking about, as it reflects both the political and cultural sensibility of Europe. PIGS is curated by Blanca de la Torre, a Spanish art curator who develops projects throughout the world and understands art as a social tool to disclose political injustices and prejudices. The “pigs” to which this exhibition refers are not simply the four countries (Portugal, Italy, Greece, and Spain) …

The process of European unification is undergoing a deep crisis, certainly the deepest since it started at the beginning of the 1950s. In less than a year, the EU faced two major tests—first the Greek quarrel, then the refugee crisis — that revealed its true face: a mixture of impotence, unwillingness, egoism, arrogance and cynicism. It is not a pretty spectacle.  …

Something of Shia LaBeouf’s name stands in, perfectly, controversially, for what is now happening to us, across us, as a kind of general FKA-transing of all available terms. Around the time Caitlyn Jenner came out, there was talk of an intersectional “trans-”: a trans for race and class and even for ecographic sub-constituencies. During Occupy Wall Street, the same talk happened, and then nothing happened, and a few people said it was still on, and then nothing happened.

Intersectionality seems to be the least sustainable piece …