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Tag: Money


M for Marginalism

Money: All money is credit in one way or another. But today it is government-backed or government-created credit, as its defining characteristic is the government’s willingness to accept it in payment of taxes or other public fees.

Posted on Jan 24, 2014 READ MORE



Gage Skidmore (CC-BY-SA)

Chris Christie’s Dual Political Personalities

It’s rare that you can look at your television screen and see not only what is happening but also what might have been.

Posted on Jan 22, 2014 READ MORE



epSos.de (CC BY 2.0)

Take a Guess at How Many People Collectively Are as Wealthy as Half the World. It’s Less Than That

We’ve all heard that 1 percent of the global population owns 50 percent of the earth’s wealth, and yet, now that the actual number of people has been calculated by the relief organization Oxfam, it’s hard not to cringe at the fact.

Posted on Jan 22, 2014 READ MORE


Jon Stewart Ridicules Iran Sanctions and Interviews Robert Gates

Jon Stewart takes us through the new sanctions against Iran that many in our dysfunctional Congress are considering. He also interviews former Defense Secretary Robert Gates about his new book “Duty.”

Posted on Jan 16, 2014 READ MORE


Cash

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Posted on Jan 16, 2014 READ MORE



Shutterstock

Proof That Your Internet Connection Is Worse Than Advertised

Although we’ve come to expect less than we pay for with broadband Internet providers, the actual numbers are outrageous.

Posted on Jan 15, 2014 READ MORE



AP Images

Elizabeth Warren’s Bill Could Mean Billions for Taxpayers

Sen. Elizabeth Warren has teamed up with Republican Sen. Tom Coburn of Oklahoma to introduce a bill that takes aim at the efficacy and malfeasance of government settlements on corporate wrongdoing and could bring billions of dollars back to taxpayers. If corporations have the same rights as people, then they should have to suffer the same consequences.

Posted on Jan 13, 2014 READ MORE


There’s Not Enough Money

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Posted on Jan 13, 2014 READ MORE


Charity

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Posted on Jan 13, 2014 READ MORE



Shutterstock

Fighting Poverty the Republican Way, With Fresh (and Not-So-Fresh) Ideas

Listening to Republican politicians these days as they talk (and talk and talk) about poverty and inequality can be a poignant experience.

Posted on Jan 10, 2014 READ MORE



Shutterstock

Amid Abortion Debate, the Pursuit of Science

The federal government won’t fund research into abortion care, including aspects of safety, even though one-third of women will have the procedure.

Posted on Jan 8, 2014 READ MORE


Corruption

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Posted on Jan 8, 2014 READ MORE


Payday Lenders’ Protection

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Posted on Jan 5, 2014 READ MORE


Financial Help or Bombardment ?

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Posted on Jan 5, 2014 READ MORE



Prison (CC BY-NC-SA 2.0)

Louisiana’s Incarceration Is a Private Business

Louisiana has assailed its residents to a level unequal to any other state, entering the new year with another signature No. 1 ranking in lockups. It has created a system more efficient and despondent than state run prisons or regular privatization. The costs are low, profits high and human life is a commodity that allows the market to keep growing.

Posted on Jan 4, 2014 READ MORE



neneo / Shutterstock.com

Rich Catholics Threaten Pope Francis—Because He Frightens Them

If anyone wonders whether Pope Francis has irritated wealthy conservatives with his courage and idealism, the latest outburst from Kenneth Langone left little doubt.

Posted on Jan 3, 2014 READ MORE


Economic Recovery

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Posted on Jan 2, 2014 READ MORE



Tim Pierce (CC-BY)

The Resurgent Progressives

The re-emergence of a Democratic left will be one of the major stories of 2014.

Posted on Jan 1, 2014 READ MORE



DonkeyHotey

2014: Seize the Moment

Congress has just ended one of the worst and least productive sessions in the history of our country.

Posted on Dec 30, 2013 READ MORE



Shutterstock

The De Blasio-Bloomberg Paradox

The standard line on New York City’s Mayor-elect Bill de Blasio, who takes office next Wednesday, is that he’s the antithesis of outgoing Mayor Michael Bloomberg. That’s not quite true.

Posted on Dec 26, 2013 READ MORE



btckeychain (CC BY 2.0)

Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money

The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that politicians and bankers cannot manipulate. Bitcoin has emerged as the great white hope of something of the sort. Alas, that hope is false.

Posted on Dec 26, 2013 READ MORE


Leveling the Playing Field

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Posted on Dec 24, 2013 READ MORE



White House/Pete Souza

Bill O’Reilly’s War on Jesus

Maybe it is time to put Christ back in Christmas.

Posted on Dec 24, 2013 READ MORE


‘PBS NewsHour’: ‘Money on the Mind’

A UC Berkeley study published earlier in 2013 showed links between wealth and selfish, anti-social behavior. The damning results are worth repeating. Compared with their poorer counterparts, wealthier participants consistently took more candy from children, cheated at games for petty cash prizes, lied during negotiations, stole at work and endorsed unethical behavior.

Posted on Dec 23, 2013 READ MORE


Money Medals

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Posted on Dec 23, 2013 READ MORE


Xmas

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Posted on Dec 22, 2013 READ MORE


Trojan Santa Claus

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Posted on Dec 22, 2013 READ MORE


Payday Lenders

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Payday lenders are snakes that tempt and consume their victims.
Posted on Dec 20, 2013 READ MORE


Income Inequality

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Posted on Dec 20, 2013 READ MORE



AP/Themba Hadebe

Collapse of the Eighth Continent: Shangri-La Meets Global Capitalism

Madagascar’s graceful society and unique natural wonders developed over thousands of years; it has taken less than a decade to put it all on life support.

Posted on Dec 19, 2013 READ MORE


The GOP’s Fight Has Just Begun

The Republican civil war, like all civil wars, is even messier than it looks.

Posted on Dec 19, 2013 READ MORE



Shutterstock

When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

High-cost lenders—the makers of payday, auto-title and installment loans—exploit laws tipped in their favor to sue tens of thousands of Americans every year. The shocking result? A $1,000 loan grows to $40,000.

Posted on Dec 13, 2013 READ MORE



Shutterstock

The Republican Mainstream Strikes Back

The unusual display of reasonable behavior by House Republicans this week should be seen as a retreat—a change in tactics—but not a surrender. Democrats had better note the distinction.

Posted on Dec 13, 2013 READ MORE



Russ (CC-BY)

Three Questions About the Motor City

Though these questions have mostly been ignored, continuing to ask them can at least highlight the fact that something nefarious is happening right now in the Motor City.

Posted on Dec 13, 2013 READ MORE


GOP Christmas

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GOP to the poor: That lump of coal represents the fuel that drives the engines of commerce. Use it wisely and you may rise to become a titan of industry. You'll thank me later.
Posted on Dec 12, 2013 READ MORE



HarshLight

The Great American Class War

Toward the end of his tenure, when he was writing an increasing number of dissents on the Rehnquist Court, Supreme Court Justice William Brennan was asked if he was getting discouraged. He smiled and said, “Look, pal, we’ve always known—the Framers knew—that liberty is a fragile thing. You can’t give up.” And he didn’t.

Posted on Dec 12, 2013 READ MORE



Shutterstock

Raise the Minimum Wage

Now that President Obama has outlined the crisis in economic mobility, he should begin by pressing his demand that Congress raise the minimum wage—and not by a little, but a lot.

Posted on Dec 6, 2013 READ MORE


Wall Street Santa

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Posted on Dec 3, 2013 READ MORE



AP/Max Rossi, Pool

Welcome Back, Jesus

The pope’s appraisal of modern capitalism is the obvious truth, whether divinely inspired or not.

Posted on Dec 3, 2013 READ MORE



401(K) 2013 (CC BY-SA 2.0)

Let’s Face It, Believing Rich People Create Sustainable Jobs Is Delusional

Henry Blodget, CEO of news website Business Insider, clears up the widespread myth that entrepreneurs such as himself are responsible for creating jobs for the rest of America. The often-told lie is simply a way to justify the immense inequality symptomatic of our dire economic climate.

Posted on Nov 30, 2013 READ MORE



Philip Chidell / Shutterstock.com

A Pope’s Pointed Message

The full implementation of Obamacare matters. Raising the minimum wage matters. Reforming a financial system “which rules rather than serves,” Pope Francis noted, matters.

Posted on Nov 29, 2013 READ MORE


Bitcoin Not Accepted

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Posted on Nov 29, 2013 READ MORE



Shutterstock

The Empire Strikes Back

A whole new get-rich-quick scheme is brewing beneath the fanfare of the nation’s hyped housing recovery.

Posted on Nov 26, 2013 READ MORE



Shutterstock

Why Iran Deal Is Good for the Economy

As Reuters reports, the wizards of finance expect the landmark nuclear deal between the U.S. and Iran to boost global growth and make us all feel a little bit richer. Here’s why.

Posted on Nov 25, 2013 READ MORE



U.S. Navy/MC3 Paul Kelly

Sequestration: Getting Our Priorities Straight

Lobbyists for military contractors are swarming all over Capitol Hill these days in a frenzy to stave off automatic budget cuts as part of the second wave of sequestration, due in January.

Posted on Nov 20, 2013 READ MORE


Robert Reich on America’s Income Inequality

The Dow Jones is hitting record highs, giving the top 5 percent of the U.S. (who hold more than 80 percent of stocks) another huge boost. And although Stephen Colbert doesn’t think the wealth divide is a big deal, former Truthdigger of the Week Robert Reich begs to differ.

Posted on Nov 20, 2013 READ MORE



Shutterstock

U.S. Pushing New Treaties at Expense of National Sovereignty

Being negotiated right now are American-sponsored corporate efforts to alter trans-Atlantic and trans-Pacific international trade relations through new agreements that undermine or effectively nullify many countries’ existing national legislation on health, environment, pricing, food safety and other issues.

Posted on Nov 19, 2013 READ MORE



OUR Walmart

Wal-Mart Asks Employees to Feed One Another

Known for its poor treatment of workers and low wages, the retail giant is under fire in Canton, Ohio, where its store apparently set up a food drive for needy employees.

Posted on Nov 18, 2013 READ MORE


NSA Megalomania Accomplishes Little Beyond Alienating Allies

Do you wish your taxes spent on gathering the numbers and addressees of every phone call made and every email sent in the United States (or Europe) during the next decade? This is madness.

Posted on Nov 13, 2013 READ MORE



AP/Nick Ut

Can L.A.’s New Mayor Succeed Where Other Charming Liberals Failed?

The difficult task of ending income and social inequality in Los Angeles is now in the hands of a liberal new mayor, Eric Garcetti, a compromiser rather than a crusader.

Posted on Nov 12, 2013 READ MORE


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