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Americans Aren’t Practicing Democracy
As participation in civic life has dwindled, so has public faith in the country’s system of government. When you don’t participate in democracy, it goes away. Source: Yoni Appelbaum: Americans Aren’t Practicing … Continue reading Americans Aren’t Practicing Democracy
JP Morgan Chase Institute study finds the gig economy pays just $828 a month
BI PRIME: A new study by the JP Morgan Chase Institute indicates that the gig economy isn’t paying off for most participants. Driving to Uber just isn’t cutting it. It’s why the … Continue reading JP Morgan Chase Institute study finds the gig economy pays just $828 a month
The US spends more per healthcare than any country but one, yet it ranks 25th in life expectancy!
The U.S. will cost you the most for treatment, both in absolute terms and relative to average incomes, while life expectancy of Americans — about 79 years — was exceeded by more … Continue reading The US spends more per healthcare than any country but one, yet it ranks 25th in life expectancy!
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“Underemployment”: Misleading unemployment numbers are prompting the Fed and the Bank of England to make a huge errors
New data in a research paper for the National Bureau of Economic Research suggests the wage-dampening effect of mass unemployment has been overtaken by the “underemployment” of the gig economy. Unemployment numbers mean … Continue reading “Underemployment”: Misleading unemployment numbers are prompting the Fed and the Bank of England to make a huge errors
Eric Schmidt, ex-Google CEO, predicts internet split in two with China
Eric Schmidt predicts a bifurcation of the internet, not a splintering, as China’s tech sector grows. And of course Google will be right there helping China with this new Internet run by … Continue reading Eric Schmidt, ex-Google CEO, predicts internet split in two with China
Democracy is not at risk, it’s working like the US constitution intends
Two of the three branches of US government might currently be sputtering — if they’re not completely broken — but there are other powerful engines the Constitution outlines that protect US democracy, … Continue reading Democracy is not at risk, it’s working like the US constitution intends
Death count debates overshadow the real story: Hurricane Maria was partly a human-made disaster
Thousands died after Hurricane Maria, but it did not have to be that way. Early evidence should have led the government to a much stronger response. The disaster happened after the hurricane … Continue reading Death count debates overshadow the real story: Hurricane Maria was partly a human-made disaster
Four Lessons (Not) Learned From The Financial Crisis
Since the collapse of Lehman Brothers, we have pumped the water out of the ship without patching the holes. If we don’t do the latter—particularly now while we have some breathing room—then … Continue reading Four Lessons (Not) Learned From The Financial Crisis
Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News
Low-income Americans working full-time can’t afford to rent a modest apartment in any state Wow! Source: Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News Continue reading Minimum wage doesn’t cover the rent anywhere in the U.S. – CBS News
The Real Cost of the 2008 Financial Crisis
The aftermath produced a lost decade for European economies and helped lead to the rise of anti-establishment political movements here and abroad. Blunder after under after blunder, and we’re headed towards repeating … Continue reading The Real Cost of the 2008 Financial Crisis
The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it
After the Lehman Bros. collapse, Bernanke argued to lawmakers that we faced a catastrophic collapse of the financial system and a second Great Depression. That wasn’t true. It was a way to … Continue reading The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it
Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
Economics professor and Bernie Sanders advisor Stephanie Kelton has helped develop a school of economic thought known as modern monetary theory. It simply shows how the economy works and where money comes … Continue reading Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
