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“Underemployment”: Misleading unemployment numbers are prompting the Fed and the Bank of England to make a huge errors
New data in a research paper for the National Bureau of Economic Research suggests the wage-dampening effect of mass unemployment has been overtaken by the “underemployment” of the gig economy. Unemployment numbers mean … Continue reading “Underemployment”: Misleading unemployment numbers are prompting the Fed and the Bank of England to make a huge errors
Eric Schmidt, ex-Google CEO, predicts internet split in two with China
Eric Schmidt predicts a bifurcation of the internet, not a splintering, as China’s tech sector grows. And of course Google will be right there helping China with this new Internet run by … Continue reading Eric Schmidt, ex-Google CEO, predicts internet split in two with China
Democracy is not at risk, it’s working like the US constitution intends
Two of the three branches of US government might currently be sputtering — if they’re not completely broken — but there are other powerful engines the Constitution outlines that protect US democracy, … Continue reading Democracy is not at risk, it’s working like the US constitution intends
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Death count debates overshadow the real story: Hurricane Maria was partly a human-made disaster
Thousands died after Hurricane Maria, but it did not have to be that way. Early evidence should have led the government to a much stronger response. The disaster happened after the hurricane … Continue reading Death count debates overshadow the real story: Hurricane Maria was partly a human-made disaster
Four Lessons (Not) Learned From The Financial Crisis
Since the collapse of Lehman Brothers, we have pumped the water out of the ship without patching the holes. If we don’t do the latter—particularly now while we have some breathing room—then … Continue reading Four Lessons (Not) Learned From The Financial Crisis
Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News
Low-income Americans working full-time can’t afford to rent a modest apartment in any state Wow! Source: Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News Continue reading Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News
The Real Cost of the 2008 Financial Crisis
The aftermath produced a lost decade for European economies and helped lead to the rise of anti-establishment political movements here and abroad. Blunder after under after blunder, and we’re headed towards repeating … Continue reading The Real Cost of the 2008 Financial Crisis
The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it
After the Lehman Bros. collapse, Bernanke argued to lawmakers that we faced a catastrophic collapse of the financial system and a second Great Depression. That wasn’t true. It was a way to … Continue reading The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it
Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
Economics professor and Bernie Sanders advisor Stephanie Kelton has helped develop a school of economic thought known as modern monetary theory. It simply shows how the economy works and where money comes … Continue reading Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
Europe just voted to wreck the internet, spying on everything and censoring vast swathes of our communications
Europe just voted to wreck the internet, spying on everything and censoring vast swathes of our communications If you thought the EU was this amazing place that would bring all countries together … Continue reading Europe just voted to wreck the internet, spying on everything and censoring vast swathes of our communications
Franklin Roosevelt Tried to Pack the Supreme Court. Democrats Should Too.
The idea that Roosevelt’s court-packing plan ruined his legacy is a historical fallacy. If Kavanaugh gets confirmed, it’s the only thing the Democrats can do once back in power to change the direction the court could be taking with regards to democracy as a whole. Source: Franklin Roosevelt Tried to Pack the … Continue reading Franklin Roosevelt Tried to Pack the Supreme Court. Democrats Should Too.
Nancy Pelosi Promises That Democrats Will Handcuff the Democratic Agenda If They Retake the House
House Democrats promise to handcuff their own agenda. …by resurrecting the “pay-go” rule that mandates all new spending is offset with budget cuts or tax increases. Along the way, she is playing … Continue reading Nancy Pelosi Promises That Democrats Will Handcuff the Democratic Agenda If They Retake the House
