User: newstrust Topic: US Economy
Category: Jobs
1 new since Feb 22 2018 22:11 IST RSS 2.0
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We Are Resisting So Much More Than Just Trump 22.2.2018 Crooks Liars
A popular narrative today is that we live in a country which is deeply divided. And the Democratic Party, we are told, is nearly as split as the nation itself. But chatter in the press and social media may overlook some fundamental points of agreement about changes we need to make in our economy. That’s the premise behind a new pledge, the “ Agenda for Good Jobs, Sustainable Prosperity, and Economic Justice ,” that has been signed by more than 70 prominent progressives. It declares “both major political parties have allowed the wealthy and the giant corporations to exercise far too much influence in American life” before laying out an 11-point agenda to rebuild a human-centered economy, and remove the corrupting influence of big money from the political process. “Resistance” to Donald Trump is a vital effort. But resistance is reactive; it only defines what we’re against. If today’s resistance is to become a lasting movement, we must decide what we’re for. Otherwise, the Resistance will fail to ...
The Global Uprising for a More Equitable and Humane Labor Force 22.2.2018 Truthout - All Articles
Despite the mass corporate media obsession with Donald Trump's reactionary, vulgar and insulting statements, grassroots activity is becoming more energized in the United States and around the globe. In We Are All Fast-Food Workers Now, Annelise Orleck records the movements for a more equitble and humane labor force, speaking with activists and giving grounds for hope. In a world of neoliberal dominance, advocating for fair and deserved worker justice is a challenging task. In this excerpt, Orleck makes the case that workers are rising up around the world to achieve this goal. A demonstrator holds a sign during a protest for higher wages and a union on April 15, 2015, in Pittsburgh, Pennsylvania. (Photo: Mark Dixon ) Despite the mass corporate media obsession with Donald Trump's reactionary, vulgar and insulting statements, grassroots activity is becoming more energized in the United States and around the globe. History Professor Annelise Orleck records the movements for a more equitble and humane labor ...
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The Finance 202: Treasury to Wall Street: 'Too big to fail' should stay 22.2.2018 Washington Post: Politics
Jeb Hensarling is not happy.
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Some Fed officials raised concerns about higher inflation as tax cuts took effect 22.2.2018 LA Times: Commentary

Some Federal Reserve policymakers raised concerns last month about the potential for higher inflation and financial instability because of stronger economic growth triggered by the recently enacted tax cuts, according to an account of the meeting released on Wednesday.

Early signs that the effects...

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Fighting for Puerto Rico: The Struggle Against Post-Hurricane Privatization 21.2.2018 Truthout - All Articles
The people from whom Puerto Rico was borrowing during the 10 years of economic decline prior to Hurricane Maria are now swooping in, wanting to "renew" Puerto Rico's infrastructure through privatization. But charter schools and private electrical grids don't necessarily improve outcomes for students and customers, says activist Julio López Varona, who helps lead a corporate accountability campaign. An electric power tower at the Puerto Rico Electric Power Authority, Monacillo Station is seen in San Juan, Puerto Rico on February 11, 2018. (Photo: Pablo Pantoja / Anadolu Agency / Getty Images) Truthout readers like you made this story possible. Show your support for independent news: Make a tax-deductible donation today! Welcome to Interviews for Resistance. We're now more than a year into the Trump administration, and activists have scored some important victories in those months. Yet there is always more to be done, and for many people, the question of where to focus and how to help remains. In this ...
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The Politically Charged History of the Term "Able-Bodied" 21.2.2018 Truthout - All Articles
This article was published by Congressional Republicans would have us believe that the so-called "able-bodied" are everywhere among government anti-poverty programs, taking away assistance from those who are more "deserving." But far from describing a defined demographic group, there is no standard definition that makes a person "able-bodied." Rather, the term has long been ingrained with political and moral implications. As Emily Badger and Margot Sanger-Katz write in The New York Times' Upshot, "Across centuries of use, [the term] has consistently implied another negative: The able-bodied could work, but are not working (or working hard enough). And, as such, they don't deserve our aid." I spoke with Badger to unpack the 400-year history of the term able-bodied. Rebecca Vallas: Emily, I have to admit I nerded out hard reading this piece -- a 400-year history of the term that is centrally housed in every debate around the deserving versus the undeserving poor, something we're very much ...
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College for the 21st century 21.2.2018 TechCrunch
 College has changed in the last 25 years. For one, we have an urgent crisis of affordability. College graduates also are facing a crisis of employability. The result has been financial calamity for millennials. As Gen Zers reach college age, they’re contemplating whether a traditional four-year accredited college or university is the optimal path. Read ...
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Robert Reich: Morality and the Common Good Must Be at Center of Fighting Trump's Economic Agenda 20.2.2018 Truthout - All Articles
As a presidential candidate, Donald Trump made a promise to the American people: There would be no cuts to Medicare, Medicaid and Social Security. Well, the promise has not been kept. Under his new budget, President Trump proposes a massive increase in Pentagon spending while cutting funding for Medicare, Medicaid and Social Security. Trump's budget would also slash or completely eliminate core anti-poverty programs that form the heart of the US social safety net, from childhood nutrition to care for the elderly and job training. This comes after President Trump and Republican lawmakers pushed through a $1.5 trillion tax cut that overwhelmingly favors the richest Americans, including President Trump and his own family. We speak to Robert Reich, who served as labor secretary under President Bill Clinton. He is now a professor at the University of California, Berkeley. His most recent book, out today, is titled The Common Good. TRANSCRIPT JUAN GONZÁLEZ: As a presidential candidate, Donald Trump made a ...
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The Energy 202: Trump under pressure to keep an Obama-era climate decision he hasn't tried to kill (yet) 20.2.2018 Washington Post
The Energy 202: Trump under pressure to keep an Obama-era climate decision he hasn't tried to kill (yet)
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Underpaid Venezuelans skipping out on work to make ends meet 20.2.2018 AP Top News
CARACAS, Venezuela (AP) -- On many days, Ramon Medina has no choice but to skip work to make ends meet....
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"Pro-Immigrant" Liberalism and Capitalist Exploitation: Why Corporate Democrats Do Not Support Immigrant Justice 18.2.2018 Truthout - All Articles
Rep. Luis Gutierrez and Rep. Kyrsten Sinema pose for photos with immigration reform activists after a discussion on immigration reform October 23, 2013, on Capitol Hill in Washington, DC. With the fate of DACA up in the air, Democrats have been relatively silent on the plight of nearly 10 million other undocumented immigrants. (Photo: Alex Wong / Getty Images) The immigration debate, which teeters between racist vitriol from the right-wing and pro-immigrant discourse from corporate liberals and multicultural elites, deliberately ignores the fundamental issue of exploitation under a capitalist system. Immigrant workers are, above all, a means to turn a profit for both those in the detention and deportation business as well as industries that thrive on cheap labor. Rep. Luis Gutierrez and Rep. Kyrsten Sinema pose for photos with immigration reform activists after a discussion on immigration reform October 23, 2013, on Capitol Hill in Washington, DC. With the fate of DACA up in the air, Democrats have been ...
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Democracy and Its Discontents 17.2.2018 American Prospect
Yascha Mounk  Harvard University Press This article will appear in the Spring 2018 issue of The American Prospect magazine. Subscribe here . Throughout the four and a half decades of the Cold War, the consoling myth of the self-styled Free World was that democratic politics constituted the end point of political evolution. It was an article of faith that once the blighted societies on the wrong side of the Iron Curtain attained democracy, the “end of history” would commence, as Francis Fukuyama memorably put it in 1989. Political contestation would not disappear, but the battle henceforth would be about mere “economic calculation” and “the endless solving of technical problems” rather than fundamental political ideology. That things haven’t worked out quite as Fukuyama imagined is the common theme of the three books under review. All three take as their fundamental premise the idea that democracy, far from being a stable and all-but-irreversible political regime, is instead fragile, perpetually ...
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Economic Update: Capitalism's Excuse: Blame the Government 16.2.2018
Economic Update  is in partnership with Your radio station needs Economic Update! If you are a radio station,  check this out . If you want to hear Economic Update on your favorite local station,  send them this . Visit Professor Wolff's social movement project, Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact  p  to request permission. We reserve the right to refuse or rescind permission at any ...
Inflation is heating up. What should you do about it? 16.2.2018 LA Times: Nation

After years of low inflation, signs that wage and price growth finally are heating up were a major factor in this month’s financial market turbulence.

But the recovery from the Great Recession has seen these inflation flirtations before. And despite big January jumps in average hourly earnings...

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Why not lift up millions of struggling Americans before admitting more refugees? 16.2.2018 LA Times: Commentary

To the editor: My heart goes out to people who are forced to flee violence and oppression. I think it's wonderful that our country welcomes (and rescues) them. (“Refugees don't drain America's economy. They revitalize it,” Opinion, Feb. 12)

However, while those who have fled devastatingly low standards...

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The Finance 202: Gary Cohn is not worried about an overheated economy 16.2.2018 Washington Post: Politics
Maybe he should be.
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The Rise of the Rest seed fund announces its first group of investments 16.2.2018 techCrunch
 The Rise of the Rest seed fund’s first round of startup investments cover eight states that are usually overlooked by tech investors, including Kentucky, South Carolina and Ohio. The $150 million fund was launched in December by Steve Case and J.D. Vance, with backing from many of America’s most influential businesspeople, to support tech ecosystems outside of Silicon Valley, New… Read ...
Inflation is a state of mind. What you need to know about financial markets today 15.2.2018 LA Times: Business

It took all of a day for investors to get comfortable with the idea that the economy is heating up and that higher interest rates are on the way.

Stocks had another strong start Thursday before falling back somewhat. That is despite the 10-year Treasury yield hovering around 2.9% — perilously close...

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The Finance 202: Gas tax divides Republicans 15.2.2018 Washington Post: Politics
But it's one way of paying for the infrastructure package.
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Reforming Welfare and Controlling the Poor 15.2.2018 American Prospect
trickle-downers_35.jpg After handing out $1.5 trillion in tax breaks to the wealthy, President Trump has followed up with a budget that eviscerates the social safety net. Though the budget only outlines the Trump administration’s priorities, and is unlikely to be largely implemented, it’s clear that the administration would like to further eviscerate the nation’s skimpy excuse for an economic security policy. The budget, after all, represents the administration’s ideal world. And what’s in this world? Little help for the poor with food, health care, and housing—and more poverty, disease, homelessness, and hunger. The budget proposes gutting the country’s largest anti-hunger program, the Supplemental Nutrition Assistance Program (commonly known as food stamps), cutting spending by $213.5 billion over ten years. This would be achieved not only by limiting who is eligible for assistance, but by altering the most basic part of the program, which allows low-income families to purchase food using an Electronic ...
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