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+12 +4
The Issue That Won’t Go Away
So another atrocity has us talking about race again. And rightly so. Nothing about America makes sense without understanding the long shadow cast by the original sin of slavery.
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+16 +2
Constituents to Senators: Reject Fast Track, or Don't Come Home
Senate expected to take up trade legislation on Tuesday, but labor federation warns: 'Fast Track has gotten even worse since the House got its hands on it.'
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+9 +2
Stanford scholar debunks long-held beliefs about economic growth in ancient Greece
Using a pioneering digitization project that maps out details of life in the ancient world, classics Professor Josiah Ober links the democratic politics and surprisingly robust economy of classical Greek society.
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+13 +2
Thomas Piketty: “Germany has never repaid.”
In a forceful interview with German newspaper Die Zeit, the star economist Thomas Piketty calls for a major conference on debt.
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+3 +1
Joblessness not due to skills gap, experts say
"Every time you hear someone say 'I can't find the workers I need,' add the phrase 'at the wage I want to pay'," said Heidi Shierholz, an economist for the Economic Policy Institute, a Washington, D.C., economic research organization.
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+8 +2
The Greek crisis... in 2 minutes
Will Greece leave the Eurozone? Will there be a last-minute save? Here are the latest developments on a fast-moving story. If you're just catching up to it, here are the latest developments -- and what you need to know.
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+1 +1
Ten Numbers the Rich Would Like Fudged
The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause.
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+15 +5
Colony, state or independence: Puerto Rico's status anxiety adds to debt crisis
Since the April day in 1899 when Americans formally took over the island, Puerto Ricans have felt uneasy about their status within the United States. And as the island faces a debt crisis that has cratered its economy and sent its leaders to Washington to plead for more sovereign powers, the issue has taken on a new urgency.
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+16 +3
China's stock market has lost nearly a third of its value in a month
China's stock market lost another 6 percent on Wednesday, as a debt-fueled stock bubble bursts.
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+8 +1
Germans Forget Postwar History Lesson on Debt Relief in Greece Crisis
The good news is that by now economists generally understand the contours of a successful approach. The bad news is that too many policy makers still take too long to heed their advice — insisting on repeating failed policies first. “I’ve seen this movie so many times before,” said Carmen M. Reinhart, a professor at the Kennedy School of Government at Harvard who is perhaps the world’s foremost expert on sovereign debt crises.
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+1 +1
How The Economic Machine Works (YouTube channel Bridgewater)(2013)(1080p)
Hedge fund manager Rau Dalio talks about the economic machine.
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+12 +5
Why Jeb Bush Wants You to Work Harder
In an interview yesterday with the Union Leader, Jeb Bush committed an act of honesty. Asked to explain his economic program, Bush explained his goal of precipitating unprecedented economic growth, which, as he put it, “means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours and, through their productivity, gain more income for their families.”
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+15 +3
Antitrust: Commission sends Statement of Objections to MasterCard on cross-border rules and inter-regional interchange fees
The Statement of Objections outlines the Commission's preliminary view that MasterCard's rules prevent banks from offering lower interchange fees to retailers based in another Member State of the European Economic Area (EEA), where interchange fees may be higher. As a result, retailers cannot benefit from lower fees elsewhere and competition between banks cross-border may be restricted, in breach of European antitrust rules.
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+2 +1
But Seriously, Let’s Talk About Millennial Poverty
We followed the path we were told to follow. So how did we end up more poor than our parents?
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+1 +1
What is Greece Proposing
"No" becomes a bitter "Yes," although symbolic concessions on collective bargaining seem to be secured
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+12 +3
Do Disability Benefits Reduce Work Effort?
Though Duggan and other critics claim disability insurance reduces employment, the Social Security Disability Insurance (SSDI) program creates strong incentives for beneficiaries to stay in, or return to, the workforce. Beneficiaries are allowed to earn up to $1090 a month (the current threshold for “substantial gainful activity”) with no reduction in benefits.
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+1 +1
Behind Germany's refusal to grant Greece debt relief - Op-Ed in The Guardian
Tomorrow's EU Summit will seal Greece's fate in the Eurozone. As these lines are being written, Euclid Tsakalotos, my great friend, comrade and successor as Greece's Finance Ministry is heading for...
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+19 +1
Jeb and the Nation of Takers
Maybe we were unfair to Mitt Romney; Jeb “people should work longer hours” Bush is making him look like a model of empathy for the less fortunate. All the obvious points apply: longer hours would mean more GDP (if and when the economy ever gets back to full employment), but not necessarily better lives, especially if the increase in GDP doesn’t trickle down.
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+9 +3
Democracy is only for rich white guys: A definitive explanation for America’s most shocking inequalities
A wealth of research data now demonstrates what should be obvious: The law only advances certain people's interests
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+3 +1
The Overlooked Roots of the Greek Crisis
The roots of Greece's economic crisis are not to be found only in Greece's past behavior, but also in the structure and policies of the European Union.
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