U.S. Unemployment | The G Perspective - 0 views
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On Tuesday, the U.S. Bureau of Labor Statistics reported that the registered unemployment rate for 40 states is lower than it was a year ago. The District of Columbia and eight states had increases, while two states showed no change. The current national jobless rate of 9 percent is 0.7 percent lower than a year earlier.
Democracy versus Republic? - 0 views
We live in a republic (a group of states that are self governing under the umbrella of a centralized or federal government). The type of system we employ is a representative form of democracy (mean...
Gov. Jerry Brown Asks California Voters to Support Tax Hike - 0 views
Robert Reich: David Brooks is Dead Wrong About Inequality | Alternet - 0 views
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Such is the case with his New York Times column last Friday, arguing that we should be focusing on the “interrelated social problems of the poor” rather than on inequality, and that the two are fundamentally distinct.
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Once the middle class has exhausted all its coping mechanisms – wives and mothers surging into paid work (as they did in the 1970s and 1980s), longer working hours (which characterized the 1990s), and deep indebtedness (2002 to 2008) – the inevitable result is fewer jobs and slow growth, as we continue to experience.
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Third, America’s shrinking middle class also hobbles upward mobility. Not only is there less money for good schools, job training, and social services, but the poor face a more difficult challenge moving upward because the income ladder is far longer than it used to be, and its middle rungs have disappeared.
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Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views
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Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
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What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
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A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
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US economy surprisingly grows at 2.8 percent annual rate over summer, best showing in a... - 0 views
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WASHINGTON –  The U.S. financial system expanded at a 2.8 % once-a-year charge from July as a result of September, a stunning indication of toughness forward of the 16-working day partial authorities shutdown. Exports rose, firms stocked up, property construction increased and point out and regional governments used at the swiftest rate in four years.
The super-rich CEO scam - and how to stop it : Johann Hari - 0 views
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We are emerging now from a long dream- boom, built on a mess of financial trickery rather than on producing anything worthwhile. In the Nineties and the noughties we didn't become more efficient or more productive - we simply became better at being conned. All the "triumphs of deregulation" bragged about by market fundamentalists from Ronald Reagan to Tony Blair were built on a nitroglycerine- base of credit default swaps and subprime mortgages. The profits went almost entirely to the richest one per cent, while the bill after the burst goes to all of us.
Elizabeth Warren: America Without a Middle Class - 0 views
Keane Bhatt, "Noam Chomsky on Hopes and Prospects for Activism: 'We Can Achieve a Lot'" - 1 views
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I think he would take it for granted that elites are basically Marxist -- they believe in class analysis, they believe in class struggle, and in a really business-run society like the United States, the business elites are deeply committed to class struggle and are engaged in it all the time. And they understand. They're instinctive Marxists; they don't have to read it.
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In fact, Malaysia also came out of the Asian crisis. It was imposing capital controls. Now the economists were all saying it's a disaster. But they did quite well. Same with Argentina, the former poster child for the IMF, leading to a serious crisis. It then disregarded all the warnings and doctrines and the economy did very well, contrary to predictions.
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using the multidimensional poverty index, there were 645 million poor, or 55 percent of India's population -- more than in the poorest 26 African countries combined.
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Volcker: U.S. needs more civil engineers and fewer financial engineers - BloggingStocks - 0 views
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"It seems to me what our nation needs is more civil engineers and electrical engineers and fewer financial engineers," Volcker said.
FiveThirtyEight.com: Electoral Projections Done Right: Post-Debate Thoughts, or Lack Th... - 0 views
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McCain needed to keep the Republican brand at arm's-length. He had largely managed to do that until the Lehman Brothers collapse scared the Hell out of Main Street and reminded everyone of the failures of the status quo. McCain needed to empathize on the economy; his "fundamentals" comment made that very difficult. He needed to find some way to position himself in opposition to Senator Obama on the bailout, but he had boxed himself in with his gambit about suspending his campaign. McCain lost tonight, but the reasons for his failure stem from long before this evening.
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What was with McCain's failure to shake Obama's hand after the debate? It was quite awkward although I appreciate Barack Obama not breaking step through it
Donklephant » Blog Archive » CBS Snap Debate Poll: Obama 39%, McCain 27% - 0 views
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Here are the numbers from a poll of 500 uncommitted voters… How did the debate impact vote preferences? 15% say they are now committed to Obama 14% to McCain 70% are still uncommitted Would make the right decisions about the economy? McCain: 41% before the debate, 49% after Obama: 54% before the debate, 68% after Understands your needs? McCain: 35% before the debate, 46% after Obama: 60% before the debate, 80% after Prepared for the job of president? McCain: 80% before the debate, 84% after Obama: 42% before the debate, 57% after Did candidates answer the questions they were asked? 57% yes, 42% no — for both candidates Obama continues to dominate the “economic” and “understands my needs” categories.
Obama and McCain Clash Over Economy - NYTimes.com - 0 views
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“Senator McCain suggests that somehow, you know, I’m green behind the ears and, you know, I’m just spouting off, and he’s somber and responsible,” he said. “Senator McCain, this is the guy who sang, ‘Bomb, bomb, bomb Iran,’ who called for the annihilation of North Korea. That I don’t think is an example of ‘speaking softly.’
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Throughout the evening, when Mr. McCain spoke, Mr. Obama stood at the side of the stage, or seated on a chair, arms folded, gazing at his rival. When Mr. Obama spoke, Mr. McCain took notes, often looked the other way, or scribbled on a pad.
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Even Mr. McCain’s use of humor — a central part of his appeal in his own town hall meetings — did not seem that effective. At one point he joked about how health care plans probably should not pay for hair transplants, a remark that did not seem to draw more than a titter.
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Obama and McCain Clash Over Economy - NYTimes.com - 0 views
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But in a moment that caught the attention of people in both parties, he appeared agitated in criticizing Mr. Obama for a Senate vote he cast, referring to his opponent only as “that one.”
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Mr. McCain sought to break through by highlighting a proposal under which the Treasury Department would buy up mortgages that had gone bad, and in effect refinance them at prices homeowners could afford
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There were no obvious dramatic breakthrough moments by Mr. McCain; indeed, although the two men pummeled back and forth, it was Mr. Obama who more consistently drew sharp contrasts between the voting records and campaign promises of the two.
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THEPROGRESSIVEPATRIOT.NET - 0 views
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HEADLINE FEB. 2012- PARTSIONSHIP KILLED THE UNITED STATES
Arne Duncan: Move Our Money From Banks to Students - 0 views
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The president's student aid reform plan will save tens of billions over the next decade. We'll use these savings to make college more affordable for the next generation of engineers, teachers, and scientists who will become the backbone of the new economy. The House has passed the Student Aid and Fiscal Responsibility Act. This legislation will end bank subsidies and invest in students directly. The Senate is still working on its bill. The House bill will increase Pell Grant scholarships to $5,710 in the next fiscal year. It will guarantee that Pell Grants keep pace with the rate of inflation. It will eliminate unnecessary questions from the financial aid forms, making it faster and easier for students to qualify for federal grants and loans. This legislation also promises an historic investment in community colleges, helping these essential schools take Americans from all backgrounds and equip them to succeed. Finally, it will improve the quality of early learning programs, which are critical to America's educational success. All of this will be possible by eliminating the student loan subsidies. We will end the loans under the Federal Family Education Program and make them directly to students -- just as economist Milton Friedman proposed 50 years ago, and just as the Department of Education has been doing since 1993 through the Direct Loan Program. For future lending, we have hired experienced companies to service all new student loans and collect them for us. We selected these companies through a competitive process. The shift is underway, and it is proving to be a remarkably smooth transition. In the past two years, our Department has issued more than $50 billion in student loans. Over 2,300 colleges and universities participate in the direct lending program -- an increase of 1,300 over the past three years. It's time to do what's right for taxpayers -- move our money from bankers to students.
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President Obama has a plan to move our money from banks to students. Every year, taxpayers subsidize student loans to the tune of $9 billion. Banks service these loans, collect the debt, keep the interest, and turn a profit. When borrowers default on their loans, taxpayers foot the bill, and banks still reap the interest. It's a great deal for banks and a terrible one for taxpayers.
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Yet another government sponsored "socialistic" "redistribution of wealth" from taxpayers to big business. It's time to do away with it.
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