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Tag: Economy

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Let Them Eat NCAA Brackets

There are many modern-day analogies to Marie Antoinette’s attitude toward the proles during the 18th century, but nothing quite like Warren Buffett’s billion-dollar giveaway.

Posted on Mar 28, 2014 READ MORE (CC BY-NC-SA 2.0)

The New Billionaire Political Bosses

Charles and David Koch should not be blamed for having more wealth than the bottom 40 percent of Americans put together.

Posted on Mar 26, 2014 READ MORE

Top Chinese JPMorgan Exec Leaving Amid Probe

One of JPMorgan Chase’s top Chinese executives will resign, according to a bank memo, as regulators probe whether the financial giant violated anti-bribery laws in Asia.

Posted on Mar 25, 2014 READ MORE

AP/Pavel Golovkin

The Long Telegram: Imaginary Friends and Phantom Enemies

The result of the obsessive vilification of Russia is a tragic waste of opportunities for two major nations to join in the actual wars at hand.

Posted on Mar 25, 2014 READ MORE


Health Care’s Real Stakes

You never get a second chance to make a first impression. But at the end of this month, the new health care law will get a third chance to make a decent impression—finally.

Posted on Mar 24, 2014 READ MORE

Spanish Police Arrest 24 in Madrid After Anti-Austerity Protest

Spanish police detained 24 people during street violence late Saturday after a large anti-austerity demonstration in Madrid in which dozens were injured.

Posted on Mar 24, 2014 READ MORE

White House/Pete Souza

Framed for Crimea: Obama’s Critics Issue Hollow Indictments

To hear the Republicans shrieking about Crimea—from those howling simpletons on Fox News to the churlish statesmen of the United States Senate—all blame rests with President Barack Obama.

Posted on Mar 21, 2014 READ MORE

plavevski /

Ukraine Promises Only Trouble for Russia

After Vladimir Putin’s speech in the Kremlin justifying and welcoming Russian annexation of Crimea, the Western press now asks what next will Putin do? How far will he go?

Posted on Mar 18, 2014 READ MORE

Bankers and Big Data

Posted on Mar 16, 2014 READ MORE

reynermedia (CC BY 2.0)

The ‘Paid-What-You’re-Worth’ Myth

If you still believe people are paid what they’re worth, take a look at Wall Street bonuses.

Posted on Mar 15, 2014 READ MORE

NYC: Where Bonuses Rise, and The Working Poor Still End Up Homeless

Bonuses on Wall Street jumped 15 percent in 2013, while record numbers of New Yorkers poured into homeless shelters.

Posted on Mar 14, 2014 READ MORE

Republican Lifeguard

Posted on Mar 14, 2014 READ MORE

Nomi Prins on American Oligarchy

In this excerpt from the March 13, 2014 edition of Truthdig Radio, author and Truthdig contributor Nomi Prins says just a few families hold most of the power in the United States.

Posted on Mar 13, 2014 READ MORE

Travlr (CC BY-NC 2.0)

Libya’s Parliament Dumps PM Zeidan, Elects al-Thinni, Over Oil Tanker Crisis

In a series of dramatic political moves, the Libyan General National Congress on Tuesday made a vote of no confidence in Prime Minister Ali Zeidan.

Posted on Mar 12, 2014 READ MORE

The Growth of the American Servant Sector

Nowadays, the members of the 1 percent are the only ones getting richer and they’re hiring servants to keep them comfy; there are a few things you should be aware about with regard to your caffeine intake; meanwhile, familiar weather patterns have gone extinct. These discoveries and more after the jump.

Posted on Mar 11, 2014 READ MORE

Images_of_Money (CC BY 2.0)

On the Money: A House Divided Against Itself

In the first two months of this year, 20 percent of all the money spent on election advocacy came from conservative political groups attacking Republican candidates.

Posted on Mar 11, 2014 READ MORE


The Great U Turn

Do you recall a time in America when the income of a single school teacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family?

Posted on Mar 7, 2014 READ MORE

Noam Chomsky on Some Simple Ways to Ruin an Economy

Scholar, philosopher and activist Noam Chomsky kicks off this talk filmed last month with a simple, provocative premise: “Let’s pose that for some perverse reason that we were interested in ruining an economy and a society.” Now, who would want to go and do a thing like that?

Posted on Mar 6, 2014 READ MORE

Minimum Wage

Posted on Mar 6, 2014 READ MORE

AP/Andrew Lubimov

Ukraine Between a Rock and Russia

Ukraine’s neighbors are forcing the country to play a zero-sum game in which it must choose sides without getting much in return.

Posted on Mar 6, 2014 READ MORE

Bitten Coin

Posted on Mar 3, 2014 READ MORE

College Loans

Posted on Mar 1, 2014 READ MORE

Obamacare Victims

Posted on Feb 28, 2014 READ MORE


‘The Internet Is Fucked’

Even if someone printed this out and mailed it to you, you get your information from the Internet, a magical place that is increasingly controlled and manipulated by greedy, lazy corporations. Free speech, as we know it, is gone.

Posted on Feb 25, 2014 READ MORE

abulhussain (CC BY 2.0)

Inequality, Productivity and WhatsApp

If you ever wonder what’s fueling America’s staggering inequality, ponder Facebook’s acquisition of the mobile messaging company WhatsApp.

Posted on Feb 22, 2014 READ MORE

Another Apparent Suicide Brings Financial World Death Toll to 6 in 2014

A 33-year-old JPMorgan employee jumped to his death from the roof of the firm’s Hong Kong headquarters Tuesday, adding to a series of untimely deaths in the banking and big business arena in recent weeks.

Posted on Feb 19, 2014 READ MORE

White House/Pete Souza

NAFTA Partners Meet to Negotiate TPP Deal

The Trans-Pacific Partnership is like NAFTA on steroids, so it makes some sense that Canada, the United States and Mexico hope to fix the old, ostensibly bad trade deal with another, bigger one.

Posted on Feb 19, 2014 READ MORE

Abi Skipp (CC BY 2.0)

More Solar Workers in U.S. Than Coal Miners, and Solar Doesn’t Poison Drinking Water

By the end of 2013, the number of workers in the solar energy industry in the U.S. had grown to 143,000.

Posted on Feb 18, 2014 READ MORE

One Percenters’ Valentine

Posted on Feb 16, 2014 READ MORE

Foreclosure Filings Jump as Investors Eye Exits

It’s too bad Keynes isn’t around today to see how the toxic combo of financial engineering, central bank liquidity and fraud have transformed the world’s biggest economy into a hobbled, crisis-prone invalid that’s unable to grow without giant doses of zero-rate heroin and mega-leverage crack cocaine.

Posted on Feb 15, 2014 READ MORE (CC BY-NC-SA 2.0)

America’s ‘We’ Problem

America has a serious “We” problem—as in “Why should we pay for them?”

Posted on Feb 15, 2014 READ MORE


Recess Is Over: What the Supreme Court Has in Store for Us Now

If you’ve been wondering what has happened to the Supreme Court and all those transformative decisions it was supposed to issue during its 2013-14 term, you’re not alone.

Posted on Feb 14, 2014 READ MORE

The True Actor

Jacinto Lucas Pires’ award-winning novel, “The True Actor,” is the perfect illustration of writer Pedro Mexia’s statement: “Portugal is traveling through a black tunnel where the light at the end is merely a train about to crash into it.”

Posted on Feb 14, 2014 READ MORE

Gage Skidmore (CC-BY-SA)

How a Couple of Austrians Messed Up Washington

One of my favorite moments during the 2012 Republican presidential contest came when Ron Paul, fresh from his strong showing in Iowa, triumphantly told his supporters: “We’re all Austrians now!”

Posted on Feb 12, 2014 READ MORE

Unemployment Coverage

Posted on Feb 12, 2014 READ MORE

Robert Gourley (CC BY-NC 2.0)

Why the Three Biggest Economic Lessons Were Forgotten

Why has America forgotten the three most important economic lessons we learned in the 30 years after World War II?

Posted on Feb 12, 2014 READ MORE

pacogaitero (CC BY-NC-SA 2.0)

Why the Lousy Jobs Report Boosted Wall Street

How can bad news on Main Street (only 113,000 jobs were created in January, on top of a meager 74,000 in December) cause good news on Wall Street?

Posted on Feb 10, 2014 READ MORE

Dems Offer Family-Friendly Take on Obamacare-Work Link

So, we’ve heard the GOP’s spin on the possible dip in work hours that could result, according to a recent report from the Congressional Budget Office, from the Affordable Care Act and the options it offers Americans in the health insurance marketplace.

Posted on Feb 9, 2014 READ MORE

Switzerland Votes to Narrow Immigration Pipeline From EU Countries

That old saw about Swiss independence could in part explain Switzerland’s vote, held Sunday, in favor of tightening restrictions on immigration into the country from European Union member nations.

Posted on Feb 9, 2014 READ MORE

The War on the Poor and Middle-Class Families

By Robert Reich

Most Americans are on a downward escalator.

Posted on Feb 8, 2014 READ MORE


What Republicans Hope You Don’t Know and Never Find Out

Listening to Republicans in Congress wailing incessantly about our spendthrift culture raises a nagging question: What would they do, besides talking, if they actually wanted to reduce federal deficits and, eventually, the national debt?

Posted on Feb 7, 2014 READ MORE


Congress Suffers From Selective Deficit Disorder

The same farm bill that cuts food stamps by $8 billion could increase subsidies to wealthy farmers and agribusinesses by $15 billion.

Posted on Feb 7, 2014 READ MORE

Obama Killed the American Dream

Here’s your shining city on the hill in a nutshell: a privately owned gulag where petty drug offenders are locked up for life so some chiseling hedge fund manager can report record profits to his shareholders.

Posted on Feb 7, 2014 READ MORE

marsmet531 (CC BY-NC-SA 2.0)

Why Widening Inequality Is Hobbling Equal Opportunity

Is it to be inequality or equal opportunity?

Posted on Feb 6, 2014 READ MORE


Must the Obamacare Debate Be Stupid?

By broadening access to health insurance, the Affordable Care Act ends the tyranny of “job lock,” which is what the much-misrepresented Congressional Budget Office study of the law released on Tuesday shows.

Posted on Feb 5, 2014 READ MORE

Thatcher Cook/PopTech (CC-BY-SA)

Former Regulator Sheila Bair Works for a Bank Now, but It’s Not What You Think

As head of the FDIC, Sheila Bair was one of the best known critics of banks. Now she works for one. So when is a revolving door not a revolving door?

Posted on Feb 5, 2014 READ MORE

Fourth Banker Dies of Apparent Suicide in a Week

Russell Investments chief economist Mike Dueker’s apparent suicide death, discovered Thursday after the 50-year-old former St. Louis Federal Reserve officer had been reported missing from his home in Tacoma, Washington, became the fourth such loss in the financial community in the span of a week.

Posted on Feb 5, 2014 READ MORE

Argentina’s Peso Devalued

Posted on Feb 4, 2014 READ MORE

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