Greenland’s ice sheet has melted to a point of no return, and efforts to slow global warming will not stop it from disintegrating. That’s according to a new study by researchers at Ohio State University. Not good. Source: Greenland’s ice sheet has melted to a point of no return, study finds – … Continue reading Greenland’s ice sheet has melted to a point of no return, study finds

Over a dozen sorting machines — which can process 35,000 pieces of mail per hour — have reportedly been dismantled and removed in recent weeks. The sorting machines that can handle 35,000 pieces of mail per hour, 19 of them have been dismantled and REMOVED while Congress is on vacation. Source: USPS … Continue reading USPS removing mail-sorting machines is latest change ahead of election – Business Insider

The reversal is the latest move in the Trump administration’s ongoing effort to weaken environmental rules, but it could be quickly undone after the November election. This is not the time to be going backwards on the environment. Source: E.P.A. to Lift Obama-Era Controls on Methane, a Potent Greenhouse Gas – The … Continue reading E.P.A. to Lift Obama-Era Controls on Methane, a Potent Greenhouse Gas

  Thursday night’s protest passed off without major incident or intervention by the police in the absence of federal officers Does that indicate something? Source: Portland sees peaceful night of protests following … Continue reading Portland sees peaceful night of protests following withdrawal of federal troops | US news | The Guardian

Our country’s myth about federal debt, explained. The idea that our country’s national debt creates a burden on future generations is a complete fabrication. Source: Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times Continue reading Opinion | M.M.T. Shows the Trillion-Dollar U.S. Deficits Are OK – The New York Times

Don’t think of that number as “big” or “bold.” Just think of it as the appropriate dosage for a once-in-a-century economic affliction. We’ve done it before, we can do it again. Source: … Continue reading Preventing a Great Depression Will Cost $10 Trillion – The Atlantic

We’re finally, finally, doing an episode on MMT. Just in time for the deficit to triple.   Source: Maybe Modern Monetary Theory is an answer to the COVID-19 economic crisis – Marketplace Continue reading Maybe Modern Monetary Theory is an answer to the COVID-19 economic crisis – Marketplace

A heartbreaker of a vote just went down in the U.S. Senate with disturbing implications for online privacy. On Wednesday, the Senate failed to pass an amendment to parts of the Patriot Act that would explicitly prevent law enforcement from using it to justify collecting individuals’ internet browser and search history without … Continue reading Senate gives law enforcement the OK to spy on your internet history

Congress should enact a federal jobs guarantee. If the private sector doesn’t have the capacity to hire, the federal government can step in and provide jobs to help stimulate the economy and keep people alive. Source: Opinion | Congress: Enact a Federal Job Guarantee – The New York Times Continue reading Opinion | Congress: Enact a Federal Job Guarantee – The New York Times

Yes — It poses no inherent danger to states that issue their own currency There are three real reasons. First, a currency-issuing government never needs to borrow its own currency. Second, it can always determine the interest rate on bonds it chooses to sell. Third, government bonds help to shore up the … Continue reading Can governments afford the debts they are piling up to stabilise economies?

The convergence of the climate and coronavirus crisis will be catastrophic. Now is the time to deploy a green stimulus And as the Covid-19 pandemic has shown, we have the resources (money) … Continue reading The climate crisis will deepen coronavirus. A green stimulus plan can tackle both

No, federal government spending doesn’t have to be ‘paid for’. The crisis shows providing for our society is not a financial issue This could be a blessing in disguise as the people … Continue reading Coronavirus has destroyed the myth of the deficit | Yeva Nersisyan and L Randall Wray | Opinion | The Guardian