Some claim canceling US student debt will be expensive. They’re wrong

Some claim canceling US student debt will be expensive. They’re wrong

If Joe Biden signed an executive order tomorrow, the government won’t pay out a dime – federal student loan debt is already included in the national debt Bank loans create money, canceling banks loans simply deletes the money from existence. The only thing lost is the future interest payments the banks would … Continue reading Some claim canceling US student debt will be expensive. They’re wrong

China wants to censor all social media comments | MIT Technology Review

China wants to censor all social media comments | MIT Technology Review

A draft update of rules would dramatically increase the power of China’s censorship machine, but platforms will pay the price. China wants ALL online comments to be pre-approved before being allowed. Should be a fun Internet for the Chinese moving forward! Source: China wants to censor all social media comments | MIT … Continue reading China wants to censor all social media comments | MIT Technology Review

California blames ExxonMobil for plastic pollution crisis - Los Angeles Times

California blames ExxonMobil for plastic pollution crisis – Los Angeles Times

Atty. Gen. Rob Bonta claims Exxon Mobil and other corporations have perpetuated the ‘myth’ that recycling will solve the plastics crisis. Rather than limit plastic production, the oil industry lobbied for recycling of plastic which resulted in even more plastic production. Source: California blames ExxonMobil for plastic pollution crisis – Los Angeles … Continue reading California blames ExxonMobil for plastic pollution crisis – Los Angeles Times

Opinion | Will the Ukraine War Spell the End of Globalization?

Opinion | Will the Ukraine War Spell the End of Globalization?

The seams of the global economic order were deeply frayed by the pandemic. Could this conflict cause it to unravel? Perhaps it’s time to stop letting corporations get everything they want and start thinking about the people and the jobs within your own country. Globalization contributed massively to inequality within countries, by … Continue reading Opinion | Will the Ukraine War Spell the End of Globalization?

America's Richest Companies Are Causing High Prices, Inflation

America’s Richest Companies Are Causing High Prices, Inflation

American monopolies consolidated market power for years. Now that there’s supply chain trouble, they can raise prices and blame it on the pandemic. This is exactly what’s happening. The economy is not BOOMING thus causing inflation. People don’t have so much money that they are on a shopping spree, driving up prices. … Continue reading America’s Richest Companies Are Causing High Prices, Inflation

The US Post Office to replace 75,000 vans with gas-guzzlers instead of EVS to supposedly save a few bucks

WTF?

The US Post Office to replace 75,000 vans with gas-guzzlers instead of EVS to supposedly save a few bucks

The service insists it’s the cheapest alternative. But its analysis is based on assumptions that critics and even other government agencies say are unrealistic, such as gasoline at $2.19 a gallon and charging stations that cost roughly $20,000 per facility. And those assumptions will form the bullseye of expected legal challenges that … Continue reading The US Post Office to replace 75,000 vans with gas-guzzlers instead of EVS to supposedly save a few bucks