Submitted by DCblogger on Mon, 03/04/2013 - 1:14pm
Submitted by DCblogger on Sat, 03/02/2013 - 9:51am
Submitted by TimingLogic on Fri, 03/01/2013 - 8:59am
"We are justly proud of the high wage rates which prevail throughout our country and jealous of any interference with them by the products of the cheaper labor of other countries. To maintain this condition, to strengthen our control of home markets and, above all, to broaden our opportunities in foreign markets where we must compete with the products of other industrial nations, we should welcome and encourage every influence tending to increase the efficiency of our productive processes" --Henry Towne, President of the American Society of Mechanical Engineers, 1911 Read below the fold...
Submitted by ubetchaiam on Thu, 02/14/2013 - 4:59pm
Fitch said Iceland's debts had been upgraded to BBB from junk after a strong recovery from the financial crisis.
Reykjavik's meteoric recovery comes after its 300,000 residents were told they would be locked out of the world's financial markets for decades after they refused to rescue a group of bankrupt banks in 2008.
Unlike Ireland, Portugal and Spain, the Icelandic government let the country's banks become insolvent rather than spend tens of billions of pounds on bailout funds. Read below the fold...
Submitted by Jay on Thu, 10/25/2012 - 1:07pm
My "Dismal Science" diet comes from a wide variety of sources. As our corrupt national political establishment and discredited media organs begin to focus on post-election Catfood Commission politics, it's instructive to see how different economists read the writing on the wall, and come to a variety of conclusions. In this case I'd like to highlight the observations of Dr. Richard D. Wolff, who appears to come to a similar conclusion to the one I derived in my previous post about how the Grand Bargain is a shell game calculated to drain the public funds for private purposes (The Grandest Bargain Ever, Explained). Read below the fold...
Submitted by DCblogger on Fri, 09/21/2012 - 7:04pm
Submitted by DCblogger on Tue, 08/07/2012 - 3:49pm
Can we just call her Princess 1%? Read below the fold...
Submitted by DCblogger on Tue, 07/17/2012 - 4:47pm
Submitted by DCblogger on Sat, 07/07/2012 - 3:48pm
Philanthropy wonk Lucy Bernholz defines the buzzword leverage as "the idea that you can use a little money to access a lot of money." ...
...And in its U.S. education reform charity work, the Gates Foundation has increasingly shifted its funding to promote market domination by its British corporate education services partner, Pearson Education. Read below the fold...
Submitted by DCblogger on Wed, 05/09/2012 - 12:23pm
Which small businesses have recovered best from recession?
“Health care seemed immune to recessions but now seems to be going down,” Woodward said. “As insurance companies become more clever about how to control payments, it’s small providers who are squeezed, like doctors and dentists.”
The more losers this system creates, the more support we have for Medicare for All. We just need to get the message out that we have an alternative, it is called Medicare and we just need to extend it to all. Read below the fold...
Submitted by DCblogger on Sat, 02/25/2012 - 1:09pm
Submitted by jest on Mon, 02/20/2012 - 10:44am
Submitted by letsgetitdone on Sun, 02/12/2012 - 3:26pm
A few weeks ago I called for a technocratic debate on the merits of the JG, relative to other fiscal policies. A number of bloggers took the charge but the debate was not immune to ideological biases, which proved the starting point of my piece that one cannot separate fact from theory or ideology (and by ideology I do not mean the derogatory use of the word, but that which signifies ‘ontology’ or a ‘world view’). What I didn’t expect is for friends and sympathizers to resurrect one particularly invidious charge we have long heard from MMT deniers, namely that MMT is pushing authoritarian policies.
Oh, boy. How did we even get here? I thought this was going to be a technocratic debate. Read below the fold...
Submitted by jest on Fri, 01/27/2012 - 1:38pm
WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years-long struggle over allegations of massive foreclosure fraud, according to several sources familiar with the talks. And the final details of the arrangement, according to the source who revealed them, will apparently not preclude prosecutors and regulators from taking legal action against many of the common abuses during the house bubble. It remains to be seen whether all parties will ultimately sign off on the language. Read below the fold...
Submitted by letsgetitdone on Fri, 01/27/2012 - 12:34am
Since I provided some reaction to the SOTU, I thought I might also provide some analysis of Jill Stein's version of it. I won't dignify Mitch Daniels's reply to the President with an analysis, however, because it's simply not worth the electronic ink to comment on that nonsense.
By and large, I really liked Jill Stein's Green New Deal speech, and I think I'd be much happier if she were in the Presidency then I am right now. Dr, Stein, is really direct and straightforward, and she seems to genuinely care about the condition of working people and about protecting the constitution and its guarantees of liberty. Her sincerity shines through and she seems to lack the guile of the major party candidates. Her program seems to be a synthesis of the WW II New Deal and Green Agendas and I strongly support the idea that we need both right now. Here are some quotes and comments. Read below the fold...