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Fears for future of American journalism as hedge funds flex power

Fears for future of American journalism as hedge funds flex power

Financial firms control half of US daily newspapers as pandemic worsens industry’s plight Hedge funds are literally taking away everything that’s good in this world, from buying up all the private homes thus destroying the American dream to buying up all the local news outlets, thus destroying democracy. Source: Fears for future … Continue reading Fears for future of American journalism as hedge funds flex power

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Until full employment is reached, governments need not cut back on public spending, says William Mitchell, co-founder of modern monetary theory We’ve just been through the worst pandemic in modern history so there are a few supply issues, but we are not experiencing inflation caused by Biden giving out some stimulus checks. … Continue reading Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

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Janet Yellen working on overhauling global minimum corporate tax rate

Janet Yellen working on overhauling global minimum corporate tax rate

  Biden and Yellen need to raise revenue, but other countries with lower corporate taxes could lure multinational companies away. She’s holding talks. Makes sense as a lot of issues with things like wages being too low, for example, would be addressed if corporations had to pay taxes on profits each year, … Continue reading Janet Yellen working on overhauling global minimum corporate tax rate

Daylight Saving Time: Senators once again introduce a bill, Sunshine Protection Act, to make DST permanent

Daylight Saving Time: Senators once again introduce a bill, Sunshine Protection Act, to make DST permanent

A group of bipartisan senators is reintroducing a bill that would make Daylight Saving Time (DST) permanent. Daylight savings times is an antiquated system that was supposed to bring about benefits to society, but instead, didn’t. It really is time to do away with it, and it’s a bipartisan wish to do … Continue reading Daylight Saving Time: Senators once again introduce a bill, Sunshine Protection Act, to make DST permanent

New proposed voting laws could create hurdles for tens of millions of voters

New proposed voting laws could create hurdles for tens of millions of voters

At least 250 new laws have been proposed in 43 states to limit mail, early in-person and Election Day voting. In the interest of shoring “up public confidence in the integrity of elections after the 2020 presidential contest”, proposed voting law changes in 43 states would actually decrease the amount of people … Continue reading New proposed voting laws could create hurdles for tens of millions of voters

MMT economist Stephanie Kelton: “Donald Trump changed the terms of economic debate”

MMT economist Stephanie Kelton: “Donald Trump changed the terms of economic debate”

The former Bernie Sanders adviser on why the pandemic has shown the US and UK governments can never run out of money. The pandemic showed the public that the government really does create money and doesn’t require tax dollars to run. Trump showed this to be a fact with the policies he enacted, even … Continue reading MMT economist Stephanie Kelton: “Donald Trump changed the terms of economic debate”

Oxford University pledged to donate rights to their COVID vaccine but then sold them to AstraZeneca | Fortune

Oxford University pledged to donate rights to their COVID vaccine but then sold them to AstraZeneca | Fortune

Advocates of cheap and widely available vaccines thought the pandemic might change business as usual. They were wrong. Oxford University surprised and pleased advocates of overhauling the vaccine business in April by promising to donate the rights to its promising coronavirus vaccine to any drugmaker. A few weeks later, Oxford—urged on by … Continue reading Oxford University pledged to donate rights to their COVID vaccine but then sold them to AstraZeneca | Fortune

Yellen vows to set up Treasury team to focus on climate, in victory for advocates

Yellen vows to set up Treasury team to focus on climate, in victory for advocates

The commitments mark a victory for lawmakers and advocates who want the Biden administration to enlist Treasury’s sweeping influence to address the dangers that climate change poses to the economy. Climate change can be addressed and actually benefit the economy as a whole if it’s handled properly. Perhaps Yellen is starting to … Continue reading Yellen vows to set up Treasury team to focus on climate, in victory for advocates