Tag Archive: Economics

Nov 22 2016

The Insanity Will Continue

The majority who didn’t vote for the psychopathic narcissist are going to have to sit through another round of voodoo economics, also known as trickle down economics. From one of my favorite reality based news sites, The F@#*king News. GOP Readies Sweeping Jobs Plan To Create Millions of New, Angry Trump Voters By Sweeping Away …

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Apr 14 2016

Who Needs Panama When We Have Delaware

The recent release of the Panama Papers, the 11.5 million confidential documents exposing the hidden wealth of world leaders, such as Russian President Vladimir Putin and Britain’s Prime Minister David Cameron, has caused little ripple here in the US. Why? Well, who needs Panama when America’s wealthy have Delaware. States like Delaware and Nevada have …

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Apr 12 2016

The Three Digit Number That Can Destroy Your Life

Credit Reports can be a boon or a bane for someone looking to get a job, buy a car or a house. It’s three numbers that effect your life and the government has made sure that you have free access at least once a year to check it, especially for errors. When an error on …

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Mar 08 2016

International Women’s Day March 8, 2016

On March 8 in 1911, International Women’s Day is launched in Copenhagen, Denmark, by Clara Zetkin, leader of the Women’s Office for the Social Democratic Party in Germany. International Women’s Day (IWD), originally called International Working Women’s Day is marked on the 8th of March every year. It is a major day of global celebration …

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Dec 11 2015

The Dying American Middle Class

The American middle class is dying, literally and figuratively, from income inequality. There are now more people living in poverty and getting richer than there are those in with middle incomes. The Middle Class Is No Longer America’s Economic Majority Lydia O’Connor, Huffington Post There are now more low-income and high-income Americans combined than there …

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Sep 29 2015

Elizabeth Warren Said What We Needed To Hear

In an address at Edward M. Kennedy Institute for the United States Senate in Boston, established by her late predecessor, Sen. Ted Kennedy, Sen. Elizabeth Warren (D-MA) got to the heart of the Black Lives Matter movement and what everyone should be doing to end racial inequality.

Transcript for the speech as it was written can be read here

Jul 27 2015

Anti-Capitalist Meetup: How Neoliberal is Hillary Clinton?

By Le Gauchiste

The term “Neoliberal” is used a lot here at Daily Kos: 203 posts included the term during the first half of 2015 alone, a little more than one every day. Many of these posts stimulate lively discussion, especially regarding the alleged neoliberalism of various Democratic Party figures, most notably President Obama and Hillary Clinton.

Quantity is not always a sign of quality, however, and many of these discussions suffer from a failure to define neoliberalism adequately or even at all, leading to understandable confusion and misplaced accusations that the term is meaningless. This post will try to avoid that pitfall by proposing a definition of neoliberalism that emphasizes its nature as an ideology, and will then apply that definition to one of Clinton’s most important recent speeches, in which she was widely reported to have returned to traditional liberalism.

Jul 20 2015

Anti-Capitalist Meetup: A Tale of Two Countries

By NY Brit Expat

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only (Charles Dickens, 1859, A Tale of Two Cities, Book I, Chapter 1).”

Jul 13 2015

Eating Worms

All that is left for Greece is to eat worms and it still would not satisfy Kaiser Merkel. #ThisIsACoup

A list of draconian new austerity demands handed to the Greek government in Brussels Sunday ignited a global backlash against Germany, German Prime Minister Angela Merkel and finance minister, Wolfgang Schaeuble.

#ThisIsACoup became the top trending hashtag on Twitter worldwide – and is #1 in Germany and Greece.

The tag was attached to tens of thousands of angry comments denouncing Germany’s aggressive demands that the Greek parliament pass new severe austerity laws within days to raise taxes, privatize public assets and cut back on pensions. [..]

Here are the EU proposals that outraged many around the globe:

1. Streamlining the VAT

2. Broadening the tax base

3. Sustainability of pension system

4. Adopt a code of civil procedure

5. Safeguarding of legal independence of ELSAT – the statistic office

6. Full implementation of spending cuts

7. Meet bank recovery and resolution directive

8. Privatize electricity transmission grid

9. Take decisive action on non-performing loans

10. Ensure independence of privatization body TAIPED

11. De-Politicize the Greek administration

12. Return of the Troika t0 Athens (the paper calls them the institutions)

Those are the demands that must be approved by Wednesday. The only thing they forgot to ask for is resignation of the prime minister, his cabinet and the Greek parliament.

From Ian Welsh

Basically the Greeks offered the EU everything they had asked for before and then some, but the EU won’t take it, they want their pound of flesh for being embarrassed by the referendum.

I get that Syriza and some Greeks don’t want Grexit, and will do virtually anything to avoid it, but I’m hoping (probably vainly) that there might be some depths to which they will not sink, some abasement they will not endure, some calamity they will not inflict upon the weakest and poorest in their own society.

Probably not. Not quite sure why I still have faith in humanity to ever do the right thing when any other option exists.

“OK, now that you’re crawling, down on your belly!”

Worms.

Jul 09 2015

How to Survive the “Apocalypse Dow”

Most of us didn’t even notice the New York Stock Exchange went “dark” for over four hours after a computer, or something, hiccuped. This isn’t something new and it probably won’t have nay impact on trades or the market itself. MSNBC host Rachel Maddow and her guest Kelly Evans, host of CNBC’s Closing Bell explain the past history of outages and the causes, mostly squirrels.

The new host of CBS’ “The Late Show,” Stephen Colbert, aka Supply Lord of The Afterscape, gives his reaction to the black out and how to survive “Apocalypse Dow.”

Get your survival kits and bulk supplies from Costco.

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