How the Next President Could Save Social Security - 0 views
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How the Next President Could Save Social Security
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According to the latest estimates, Social Security will begin to run short of money in 18 years. Yet, the issue has barely come up this election year. In a brief exchange during the final debate, Donald Trump said a growing economy would be enough to save the program1. Hillary Clinton proposed raising taxes on the wealthy and increasing some benefits. Neither candidate outlined a solvency plan.
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It is unlikely that a future Congress or president will let benefits suddenly drop off like this. The question is when and by what means the system will get fixed.
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Putin Says U.S. Isn't Banana Republic, Must Get Over Itself - Bloomberg - 0 views
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Vladimir Putin dismissed U.S. “hysteria” over alleged Russian interference in its presidential elections, saying it was impossible to influence voters’ choice between Donald Trump and Hillary Clinton.
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“Does anyone seriously think that Russia can influence the choice of the American people?” President Putin told the annual Valdai discussion forum of international analysts and academics in Sochi on Thursday. “Is America some kind of banana republic? America is a great power. If I’m wrong, correct me.”
How Hillary Clinton and Donald Trump would tax the 1 percent, in one chart - Vox - 0 views
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How Hillary Clinton and Donald Trump would tax the 1 percent, in one chart
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there’s at least one issue on which Clinton likes to stress that Trump does in fact have a set policy: tax cuts for the super wealthy.
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There’s a certain irony to the discrepancy in the candidates’ plans: All of the evidence suggests Hillary Clinton is the candidate overwhelmingly preferred by the super wealthy.
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Trump Calls NATO Obsolete and Dismisses EU in German Interview - Bloomberg - 0 views
Obama Still 'Surprised' by Level of Partisanship in Washington - Bloomberg - 0 views
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President Barack Obama said that upon becoming president he was “surprised” at the severity of partisanship in Washington -- and that it continues to shock him even now.
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If members of Congress “think that it’s harder for them to get re-elected by cooperating with each other, then they won’t cooperate,” he said, citing the Senate’s refusal to consider appeals court Judge Merrick Garland, his nominee to fill the Supreme Court vacancy created by the death of Justice Antonin Scalia in February.
How the Davos Pundits Got It Wrong: President Clinton, Anyone? - Bloomberg - 0 views
World's eight richest people have same wealth as poorest 50% | Business | The Guardian - 0 views
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The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population
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, Oxfam said it was “beyond grotesque” that a handful of rich men headed by the Microsoft founder Bill Gates are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people.
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The development charity called for a new economic model to reverse an inequality trend that it said helped to explain Brexit and Donald Trump’s victory in the US presidential election.
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Coping with Chaos in the White House - Medium - 0 views
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I am not a professional and this is not a diagnosis. My post is not intended to persuade anyone or provide a comprehensive description of NPD. I am speaking purely from decades of dealing with NPD and sharing strategies that were helpful for me in coping and predicting behavior.
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Here are a few things to keep in mind:
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1) It’s not curable and it’s barely treatable. He is who he is. There is no getting better, or learning, or adapting. He’s not going to “rise to the occasion” for more than maybe a couple hours. So just put that out of your mind.
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Andy Grove's Warning to Silicon Valley - The New York Times - 0 views
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Lost in the lore is Mr. Grove’s critique of Silicon Valley in an essay he wrote in 2010 in Bloomberg Businessweek. According to Mr. Grove, Silicon Valley was squandering its competitive edge in innovation by failing to propel strong job growth in the United States.
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Mr. Grove acknowledged that it was cheaper and thus more profitable for companies to hire workers and build factories in Asia than in the United States. But in his view, those lower Asian costs masked the high price of offshoring as measured by lost jobs and lost expertise. Silicon Valley misjudged the severity of those losses, he wrote, because of a “misplaced faith in the power of start-ups to create U.S. jobs.”
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Mr. Grove contrasted the start-up phase of a business, when uses for new technologies are identified, with the scale-up phase, when technology goes from prototype to mass production. Both are important. But only scale-up is an engine for job growth — and scale-up, in general, no longer occurs in the United States. “Without scaling,” he wrote, “we don’t just lose jobs — we lose our hold on new technologies” and “ultimately damage our capacity to innovate.”
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U.S. Jobless Claims Unexpectedly Drop to Lowest Level Since 1973 - Bloomberg - 0 views
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U.S. Jobless Claims Unexpectedly Drop to Lowest Level Since 1973
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New applications for unemployment benefits fell by 6,000 to 247,000 in the week ended April 16
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The number of Americans already on benefit rolls declined to a more than 15-year low.
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Trump Condemns Leaks to News Media in a Flurry on Twitter - The New York Times - 0 views
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Trump Condemns Leaks to News Media in a Flurry on Twitter
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WASHINGTON — President Trump lashed out at the nation’s intelligence agencies again on Wednesday, accusing them of illegally leaking information to the news media, on a day of new disclosures about his dealings with Russia during and after the presidential campaign.
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In a fusillade of early-morning posts on Twitter, Mr. Trump revived his charge that the allegations of a “Russian connection” were nothing more than a Democratic conspiracy, fed to a receptive news media to distract from the mistakes made by Hillary Clinton during the campaign.
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Were Democrats Actually Listening to What Clinton Said? - Clive Crook - The Atlantic - 1 views
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reporters at Bloomberg examined Clinton's arresting claim about employment growth under Republican and Democratic administrations--since 1961, 24 million jobs added under Republican presidents, 42 million under Democrats--and found it to be true.
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it's obvious that performance follows policy with a lag. You wouldn't think Democrats would need reminding of this. As they rightly point out, it's ridiculous to blame Obama for the collapsing economy he inherited. If you're going to make even a semi-serious attempt to work out whether Democratic or Republican presidents are better for employment, you have to take account of the conditions presidents acquire from their predecessors.
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In 2008 Larry Bartels's book Unequal Democracy tried to do this and did in fact find that growth, employment and economic equality all saw bigger improvements under Democratic administrations. Bartels considered the effect of lags. But he didn't do it very well, according to James Campbell, who critiqued that work last year:
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The Dark Power of Fraternities - The Atlantic - 0 views
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College fraternities—by which term of art I refer to the formerly all-white, now nominally integrated men’s “general” or “social” fraternities, and not the several other types of fraternities on American campuses (religious, ethnic, academic)—are as old, almost, as the republic.
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While the system has produced its share of poets, aesthetes, and Henry James scholars, it is far more famous for its success in the powerhouse fraternity fields of business, law, and politics. An astonishing number of CEOs of Fortune 500 companies, congressmen and male senators, and American presidents have belonged to fraternities
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They also have a long, dark history of violence against their own members and visitors to their houses, which makes them in many respects at odds with the core mission of college itself.
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Most New York Graduates Are Ill Prepared, Data Show - NYTimes.com - 0 views
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new statistics, part of a push to realign state standards with college performance, show that only 23 percent of students in New York City graduated ready for college or careers in 2009, not counting special-education students. That is well under half the current graduation rate of 64 percent, a number often promoted by Mayor Michael R. Bloomberg as evidence that his education policies are working.
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In Buffalo, Rochester, Syracuse and Yonkers, less than 17 percent of students met the proposed standards, including just 5 percent in Rochester.
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State and city education officials have known for years that graduating from a public high school does not indicate that a student is ready for college, and have been slowly moving to raise standards. But the political will to acknowledge openly the chasm between graduation requirements and college or job needs is new,
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Goodbye, trolley problem. This is Silicon Valley's new ethics test. - The Washington Post - 0 views
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In the 1980s, when finance fell off the moral bandwagon, business schools reacted by requiring students to take courses on Kant and other philosophers that had little to do with daily management worries. The field is becoming irrelevant now, when the dominant industry — technology — is decentralized and able to grow $40 billion companies in just 18 months.
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Marijuana and other legal cannibinoids have sucked up nearly $1 billion in private investment dollars since 2012, raising the question: What kind of dopamine hits aren’t we comfortable with?
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Addiction has become another ethical landmine where dopamine hits — and how one administers them — are the key to a company’s growth. E-cigarette maker Juul Labs, founded in 2017 and now the fastest growing start-up in history, with a valuation of $38 billion, is largely responsible for a grave new statistic: about 20 percent of teens have admitted to vaping in school.
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