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An Economy of Meaning – or Bust
It’s not often that a scientist gets to use the words love, creativity, and wisdom in a paper, especially when writing about economics. Perhaps that’s because economics, the dismal science, is obsessed with dismal systems – make that abysmal systems, relative to need. To be clear, I’m not speaking...
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Trump Administration Toying With Alternative Economic Facts
The Trump administration's hallmark " alternative facts " may infiltrate U.S. economic data. The Wall Street Journal reported Sunday that the White House "is considering changing the way it calculates U.S. trade deficits, a shift that would make the country's trade gap appear larger than it had in...
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The For-Profit Presidency, Month One
One month into the Trump administration, and it’s clear that there has been a wholesale corporate takeover of the government A day-by-day review of the administration’s first month shows that virtually every day there has been a new, extraordinary grant of power to corporate interests and/or...
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'For-Profit President': A Look at How Trump Is Pushing Wholesale Corporate Takeover of the Gov't
There has been a wholesale corporate takeover of the government. That’s the conclusion of a new report coming out today by the watchdog group Public Citizen. The report looks at how corporate America has benefited from Trump’s first month in office. Rex Tillerson, the former CEO of Exxon, is now...
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Morbid Inequality: Now Just SIX Men Have as Much Wealth as Half the World's Population
Yes, inequality is getting worse every year. In early 2016 Oxfam reported that just 62 individuals had the same wealth as the bottom half of humanity. About a year later Oxfam reported that just 8 men had the same wealth as the world's bottom half. Based on the same methodology and data sources...
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Why Trumponomics Fails
When Donald Trump gave a speech last Friday at Boeing’s factory in North Charleston, South Carolina – unveiling Boeing’s new 787 “Dreamliner” – he congratulated Boeing for building the plane “right here” in South Carolina. It’s pure fantasy. I’ll let you know why in a moment. Trump also used the...
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With Mulvaney in Place, Budget Office Preps 'Hit List' on Public Programs
With Rep. Mick Mulvaney (R-S.C.) confirmed to lead the White House budget office, the Trump administration is getting ready to follow through on plans to slash major domestic programs, the New York Times reported Friday. Work on President Donald Trump's first budget proposal has been delayed as...
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To Resist and Reclaim, Hundreds of Recess Events Planned to Target Lawmakers
Members of Congress are heading home this weekend amid a high likelihood of encountering angry—and empowered —constituents who are ready to confront them at town halls and other gatherings . GOP lawmakers in particular (those who don't hide from the people who put them in office , of course) will...
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For Mirth Becomes A Feast: Tiny Trump Draws As Finland Battles Moldova For Coveted Second Place
Tiny Trump Draws Presser /Russia/Dreamers/the appalling new low of proclaiming the press the Enemy of the American people as evinced in the bizarre "Mainstream Media Accountability Survey " - has it all got you down? Soothe your soul with the ever-enterprising national, global and yea cosmic...
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Defenders of Social Security Mobilize Against GOP Attack on Retirees
On the same day that U.S. millionaires stop paying into Social Security for the rest of the year, President Donald Trump's pick to head the Office of Management and Budget (OMB)—who wants to slash the safety net program—was confirmed to that post by the U.S. Senate. #SocialSecurity Tweets Citing...
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