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AP/J. Scott Applewhite

The People Win as Lawrence Summers Trades Power For Wealth

Poor Lawrence Summers, he doesn’t get to be chairman of the Federal Reserve, aka the czar of the world’s economic order.

Posted on Sep 16, 2013 READ MORE


Lawrence Summers Will Not Chair the Federal Reserve

Over the screaming objections of members of his own party, President Obama seemed determined to appoint Wall Street groupie Lawrence Summers to head the most important bank in the country. On Sunday, Summers “reluctantly” withdrew his name from consideration for the post.

Posted on Sep 15, 2013 READ MORE


Economic Recovery Room

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Posted on Sep 15, 2013 READ MORE


Federal War Budget

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Posted on Sep 15, 2013 READ MORE



thinkpublic (CC BY-ND 2.0)

The American People Have Spoken: No More War Abroad, More Jobs at Home

At a time of great political division in our country President Obama has found a remarkable way to unite Americans of all political persuasions—conservatives, progressives and moderates. With a loud and clear voice the overwhelming majority of the American people, across the political spectrum, are saying NO to another war in the Middle East—Syria’s bloody and complicated civil war.

Posted on Sep 13, 2013 READ MORE


Blame Obama

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Posted on Sep 13, 2013 READ MORE


One Man’s Brave New World

A well-regarded economist has written a new projection of a world of machine-driven alphas and lesser beings. The book is a smart and cruel projection of the world he sees coming. In fact, he thinks it is already here.

Posted on Sep 13, 2013 READ MORE


Mr. Burns

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Posted on Sep 12, 2013 READ MORE


Congressional Malpractice

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Posted on Sep 12, 2013 READ MORE



Risastla (CC-BY-SA)

New Record: Richest Americans Took Half of All Income in 2012

A new study has concluded that the wealthiest 10 percent of Americans have never in the last century taken a larger slice of the income pie.

Posted on Sep 11, 2013 READ MORE



Tax Credits (CC BY 2.0)

Think the Job Market Still Stinks? You’re Right

New federal statistics show a jobs market still far below pre-recession levels, despite record profits by corporations sitting on record levels of cash. What does it all mean? People want to work, but companies don’t want to hire.

Posted on Sep 10, 2013 READ MORE



roeyahram (CC BY-NC-ND 2.0)

The Guilt-Propelled Slavery of America’s Tipping Culture

Gratuities—generally 15-20 percent in the U.S.—perpetuate a slave-master binary that is fueled by a sense of karma, writer and musician Ian Svenonius argues. Whatever the reasons for tipping someone, doing so justifies the service industry’s mistreatment of workers while deluding and encouraging them with the overhanging carrot of the tip jar.

Posted on Sep 9, 2013 READ MORE



The New York Times’ Fear of AIPAC

A paragraph disappeared from the newspaper that cited the attack on Syria is really about showing the pro-Israel lobby group the U.S. is serious about Iran; economic scarcity melds the mind; meanwhile, the hypocrisy of the “red line” in Syria is highlighted by the fact that the Pentagon acknowledged using white phosphorus in Iraq a few years ago. These discoveries and more after the jump.

Posted on Sep 9, 2013 READ MORE


Economy

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Posted on Sep 7, 2013 READ MORE



Beth Rankin (CC BY 2.0)

The Problem of Rising Single Parenthood

Although it’s significant that women now have the highest income in many households with children under 18, according to recent studies, a more interesting number is how many of these moms are going it alone.

Posted on Sep 5, 2013 READ MORE


Health Care

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Posted on Sep 3, 2013 READ MORE



pillowhead designs (CC BY-NC 2.0)

Number of Millennials Living at Home Still Increasing

Given that unemployment has been steadily decreasing, it would be safe to assume that all the 20-somethings who went back to living with their parents during the recession would be moving out again. Wrong. Statistics now indicate 21.6 million people between 18 and 31 are staying at home or moving back in.

Posted on Sep 2, 2013 READ MORE



John McStravick (CC-BY)

Is College Worth It?

These four books are written in the shadow of the suspicion that the stories we tell ourselves about ourselves—concerning hard work, opportunity, meritocracy, achievement and social mobility—somehow no longer pertain.

Posted on Sep 2, 2013 READ MORE



Filippo Diotalevi (CC-BY)

New Life for Labor

Could this Labor Day mark the comeback of movements for workers’ rights and a turn toward innovation and a new militancy on behalf of wage earners?

Posted on Sep 1, 2013 READ MORE


College Debt

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Posted on Sep 1, 2013 READ MORE


NoBoehnerCare

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Posted on Sep 1, 2013 READ MORE


The New High School Diploma

Whether or not President Obama’s recent education-themed speeches are in direct response to Matt Taibbi’s must-read Rolling Stone magazine article on the college loan crisis, it is great news that the White House is now taking the crisis more seriously.

Posted on Aug 30, 2013 READ MORE


Obama’s Syrian Agony

President Obama surely didn’t want to offer his commemoration of the 1963 March on Washington and Martin Luther King’s “I Have a Dream” speech on a day dominated by rumors of war.

Posted on Aug 29, 2013 READ MORE



Flickr/Boston Public Library (CC BY-SA 2.0)

Millennials: ‘You Can Take Your Government Service and ...’

Members of the generation born between 1982 and 2003 want to change the world, but don’t see public service as the way to do that. So who will that leave in charge?

Posted on Aug 27, 2013 READ MORE



Images_of_Money (CC BY-SA 2.0)

How Wealth Breeds Narcissism

Though it may already seem obvious that richer people are generally more entitled than poorer ones, a new study reveals there’s psychological evidence to support this assessment.

Posted on Aug 26, 2013 READ MORE


Self-Regulation

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Posted on Aug 25, 2013 READ MORE


Defund Obamacare

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Posted on Aug 25, 2013 READ MORE


Between a Train and a Hard Place

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Posted on Aug 24, 2013 READ MORE


Obama’s College Scoreboard

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Posted on Aug 24, 2013 READ MORE


Pounding Obamacare

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Posted on Aug 23, 2013 READ MORE



AP Photo/Carlos Osorio

Federal Cash to Help Homeowners Will Raze Properties Instead

Some $100 million in federal money aimed at keeping Michigan families in their homes will now be used to tear down emptied buildings.

Posted on Aug 21, 2013 READ MORE



Irish Typepad (CC BY-NC-ND 2.0)

Inside or Outside the House, Moms Are Losing the ‘Money Wars’

Although some media outlets make it seem as though women choose to leave or join the workforce, the truth is the decision often has more to do with desperation. The recession is taking its toll on everyone, and mothers are no exception.

Posted on Aug 21, 2013 READ MORE



daily sunny (CC BY 2.0)

Long-Term Joblessness Taking Toll on Men

A recent report by the Bureau of Labor Statistics found that more than one in four American males taking part in a longitudinal study had endured at least one period of extended unemployment during their working lives.

Posted on Aug 20, 2013 READ MORE



zcopley (CC BY-SA 2.0)

Berlin Embraces Bitcoin

Germany is the first country to make an official decision about the status of the online currency. The nation’s Finance Ministry acknowledged Bitcoin as “private money” and a “currency unit,” which means it can be taxed when used commercially, but not so for personal purposes.

Posted on Aug 20, 2013 READ MORE


Minimum Wage

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Posted on Aug 19, 2013 READ MORE


Employment Numbers

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Posted on Aug 18, 2013 READ MORE


Larry Summers

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Posted on Aug 15, 2013 READ MORE



AP/Ahmed Gomaa

Murdering the Wretched of the Earth

The murderous assault by Egyptian security forces against supporters of deposed President Mohamed Morsi is not only an ideological battle, but a war waged against hundreds of millions of Muslim poor who find in radical Islam their only source of hope, meaning and dignity.

Posted on Aug 14, 2013 READ MORE



Why the Anger?

Why is the nation more bitterly divided today than it’s been in 80 years?

Posted on Aug 13, 2013 READ MORE


Capitalism Run Wild

If you missed economist Richard Wolff talking about economic disparity on the most recent “Moyers & Company,” you can watch the whole episode right here.

Posted on Aug 12, 2013 READ MORE



kevin dooley (CC BY 2.0)

The Investment Crisis Midwifing the Ongoing Recession

Investment in what experts call “real inputs”—structures and machines that enable and boost future output and productivity—is one way an economy grows over time. No wonder, then, that an economic crisis occurred just decades after the share of national income going to investment began declining during the start of the neoliberal era, around 1980, UMass-Amherst professor Gerald Friedman writes in Dollars & Sense.

Posted on Aug 9, 2013 READ MORE


The Creative Destruction of Misguided Ideology

What happens when the insurance industry so touted by the conservative movement starts saying things that wholly contradict that movement’s talking points?

Posted on Aug 9, 2013 READ MORE


Debt Counseling Government

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Posted on Aug 9, 2013 READ MORE


Republican Neighborhood Watch

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Posted on Aug 7, 2013 READ MORE



George W. Bush Hospitalized, Government Sues Bank of America, and More

A look at the day’s political happenings, including the first charges filed in the deadly Benghazi terrorist attacks and a look at the donations of The Washington Post’s new owner.

Posted on Aug 6, 2013 READ MORE



U.S. Army National Guard/Sgt. Joshua S. Edwards

What Does Evacuation of Yemen Say About American Policy?

The war against terror now being conducted from the White House, with the increasing use of drones, obviously is a self-perpetuating and self-enlarging undertaking that of its nature guarantees that the United States is the creator and perpetuator of the very war it fights.

Posted on Aug 6, 2013 READ MORE


The Perfect Balance

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Posted on Aug 6, 2013 READ MORE    


Head Bangers

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Posted on Aug 6, 2013 READ MORE



Flickr/Thomas Hawk

How Payday Lenders Bounce Back When States Crack Down

In 2008, payday lenders suffered a major defeat when the Ohio legislature banned high-cost loans. That same year, they lost again when they dumped more than $20 million into an effort to roll back the law: The public voted against it by nearly two-to-one. But five years later, hundreds of payday loan stores still operate in Ohio, charging annual rates that can approach 700 percent.

Posted on Aug 6, 2013 READ MORE


Congressional Recess

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Posted on Aug 5, 2013 READ MORE


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