A shift toward a single-payer Medicare For All system in US healthcare could be a potential balm to the system’s current admin cost crisis. When people ask how much it’s going to cost, this is part of the answer – at least $600 Billion a year less than it currently costs. Source: … Continue reading New Study – Single-payer system could save US $600 billion in administrative costs
Huzzah for overeating and watching athletes brutalize each other. Boo the fact that climate change is an existential threat to Miami. Maybe it will take a city like Miami going underwater for people to wake up to climate change? Source: Not to Ruin the Super Bowl, But the Sea Is Consuming Miami … Continue reading Not to Ruin the Super Bowl, But the Sea Is Consuming Miami | WIRED
Inexplicable problems require a whole new kind of economic thinking – and MMT is more logical than you probably think it is. “Modern monetary theory (MMT) uses iron-clad rules of accounting to … Continue reading Why you need to know about modern monetary theory
Why a 17-year-old is a better economist than Steve Mnuchin. The International Monetary Fund makes regular estimates of worldwide subsidies to fossil fuels — subsidies that partly take the form of tax breaks and outright cash grants, but mainly involve not holding the industry accountable for the indirect costs it imposes. In … Continue reading Opinion | Greta Versus the Greedy Grifters – The New York Times
Survey authors: “We now observe an Alice in Wonderland moment of elite buoyancy and mass despair.” Because it’s true. Source: People no longer believe working hard will lead to a better life, survey shows – Hack – triple j Continue reading People no longer believe working hard will lead to a better life, survey shows
It may not be long before you’ll have to forget about walking down the street anonymously, says a New York Times report. The danger this poses to people – here is just one tweet response: Every single one of my women friends have been followed off the bus or subway by a … Continue reading Clearview app lets strangers find your name, info with snap of a photo, report says
BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets. “Climate change … Continue reading BlackRock CEO Larry Fink puts climate change at center of megafund’s investment strategy
On paper, it looks like Scott Larsen is doing better than his father was at the same age. But he’s not even close. The chances of him buying a home are very slim. The system currently extracts all the borrowing potential from the millennials through student loans that could have gone towards … Continue reading Many millennials are worse off than their parents — a first in American history
The political ads control will roll out in the U.S. “early this summer” before expanding to new locations. But not fewer corporate ads. Is this really good for democracy? Source: Facebook and Instagram will allow users to ‘see fewer’ political ads i Continue reading Facebook and Instagram will allow users to ‘see fewer’ political ads
Too often we acquiesce to this terrible status quo. And it shows that the money is there, we’re just directing it towards the wrong things. Source: Money for war, but not for the poor – The Washington Post Continue reading Money for war, but not for the poor – The Washington Post
Emily Stewart’s private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire — all while enjoying special tax status … Continue reading Explaining the con that is private equity
The Golden Globes are usually all about who wore what and who did or didn’t get snubbed. Or so it seems. I never watch it. Ha! Perhaps I should’ve this year because something else was front and center: climate change and the Australian bush fires. Good. Source: Climate Change Stole the Show … Continue reading Climate Change Stole the Show at the Golden Globes
