User: flenvcenter Topic: Economics and Jobs-Independent
Category: Economics :: Global Economies
Last updated: Jul 24 2018 15:53 IST RSS 2.0
 
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BSR's challenge to businesses: Hire 100,000 new impact workers by 2020 24.7.2018 Business Operations | GreenBiz.com
Creating jobs for economically and socially vulnerable people is crucial for supporting the SDGs, according to Business for Social Responsibility.
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Imagining a more equitable Winnipeg: The 2018 Alternative Municipal Budget 20.6.2018 rabble.ca - News for the rest of us
Lynne Fernandez Winnipeg cannot control broader macro pressures such as climate change or a stagnant global economy, but it can prepare for the changes that are coming. It can meet climate change with policy to mitigate damage, slow the rate of change, and build resilience. It can stimulate and grow the local economy while making sure that marginalized citizens are included. It can put the brakes on wrong-headed practices like urban sprawl or over-spending on policing, while redirecting resources to deal with the root causes of crime and our infrastructure deficit, and smooth out the inequalities that keep our city from realizing its full potential. The 2018 Alternative Municipal Budget (AMB) is a community response that dares to imagine a greener and more equitable Winnipeg. Why an alternative budget? Government budgets are overwhelmingly complex, inaccessible documents. Our AMB is much simpler; it distills crucial elements of the actual budget into easier to digest sections. It educates, challenges and ...
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Argentina clinches $50 billion IMF financing deal, to speed up cuts 8.6.2018 World – The Indian Express
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US-China trade war explained: Are Trump’s tariffs going to bring back jobs? 5.6.2018 World – The Indian Express
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NDP math error will help the party, not hurt it 31.5.2018 rabble.ca - News for the rest of us
Politics in Canada The number cruncher in me cringed in sympathy for the anonymous research nerds who made the now-famous math error in the Ontario NDP's fiscal platform. They wrongly added a $700 million contingency reserve to net revenue, instead of to expenses. The result is an underestimation of the planned deficit (if we include that reserve -- more on that below) by $1.4 billion in each year. Pompous voices predictably crowed that this error confirms the NDP's supposed lack of fiscal credibility. In practice, though, this accounting tempest will turn out to be a non-event in this dramatic election campaign -- and in fact, it may counterintuitively help the party's surging campaign, rather than hurting it. First off, the budgeting error is clearly insignificant in the overall fiscal picture, no matter how much critics try to make it seem big and scary. The true effect on the bottom line is $700 million per year (not $1.4 billion), because the reserve itself was funny money in the first place; ...
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The Irresponsibility of Fiscal Responsibility 23.4.2018 Truthout - All Articles
(Photo: Michael Zwahlen / EyeEm / Getty Images) It's official: New York Times columnist David Leonhardt pronounced the Democrats as the party of fiscal responsibility. In contrast to three of the last four Republican presidents who raised deficits with big tax cuts for the rich and increases in military spending, the last Democratic presidents sharply reduced the budget deficit during their term in office. Leonhardt obviously intends the designation to be praise for the party, but it really shows his confusion about budget deficits and their impact on the economy. Unfortunately, this confusion is widely shared. Contrary to what Leonhardt seems to think, the economy doesn't get a gold star for a balanced budget or lower deficit. In fact, lower deficits can inflict devastating damage on the economy by reducing demand, leading to millions of workers needlessly unemployed. This has a permanent cost as many of the long-term unemployed may lose their attachment to the labor market and never work again. Their ...
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How Progressives Can Criticize Trump's $7 Trillion Deficit Without Preaching Austerity 14.2.2018 Truthout.com
Protesters demonstrate near the full Senate budget committee markup of the tax reform legislation on Capital Hill November 28, 2017, in Washington, DC. (Photo: Tasos Katopodis / Getty Images) Thanks to reader support, Truthout can deliver the news seven days a week, 365 days a year. Keep independent journalism going strong: Make a tax-deductible donation right now. Deficit spending isn't a sign of moral or economic failure. But looking at the headlines about the Trump administration's last few weeks of economic policymaking, you might think otherwise. Referring to Democrats and Republicans both, The Washington Post's Robert Samuelson  bemoans  that, "Ever-larger budget deficits have become their means of making policy and practicing politics." He points to the $1.7 trillion spending agreement reached last week, the $1.4 trillion tax plan passed recently and the White House's 2019 budget proposal, which -- if passed in full (something that basically never happens) -- would add $7 trillion to the federal ...
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The Great Fiscal Experiment: Let's See How Low the Unemployment Rate Can Go 12.2.2018 Truthout - All Articles
(Photo: TBIT ; Edited: LW / TO) The new budget agreement crafted by Congress is projected to raise budget deficits by $150 billion annually over the next two years, an increase of a bit more than 0.7 percent of GDP. This follows the passage of the tax cuts, which are projected to increase the deficit by an average of more than 1 percent of GDP over the next five years. This should settle one point beyond any dispute. Republicans do not give a damn about budget deficits. All the sanctimonious whining we heard when President Obama was trying to push his stimulus package as the economy was collapsing back in 2009, and when it was still languishing in 2011 as the Republicans regained control of Congress and demanded austerity, was crap. The Republicans were trying to obstruct anything Obama proposed. There was no principle at play here, it was just a story where if Obama was for it, they were against it. The consequences for the economy -- millions of people needlessly being unemployed, losing their homes, ...
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Zohr gasfield, reforms and IMF loans set stage for Egyptian boom 8.1.2018 World – The Indian Express
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Maine's Susan Collins Has Betrayed Seniors, Small Businesses and Rural Constituents by Voting for the GOP Tax Bill 6.12.2017 Truthout.com
If Sen. Susan Collins had set out to do maximum harm to her constituents, she couldn't have done better than the GOP tax bill, which especially targets seniors, small businesses and rural areas, says Mike Tipping, communications director for the Maine People's Alliance. Activists in Maine are pulling out all stops in holding the senator accountable before a final vote. Sen. Susan Collins speaks at Fortune's Most Powerful Women summit in Washington, DC, on October 16, 2013. (Photo: Fortune Live Media ) Exposing the wrongdoing of those in power has never been more important. Support Truthout's independent, investigative journalism by making a donation! Welcome to Interviews for Resistance. We're now nearly 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 series, we talk with organizers, agitators and educators, not only about how ...
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Tax Plans Pave Way for Massive Cuts to Medicare, Medicaid, Social Security 5.12.2017 Truthout.com
Senate Majority Leader Mitch McConnell speaks with the media after a news conference in Dirksen Building on the tax reform bill on November 30, 2017. (Photo: Tom Williams / CQ Roll Call) While the Senate and House versions of the highly unpopular GOP tax bill are being reconciled, it's important to remember that the two have one thing in common: adding significantly to the national debt. This may seem counterintuitive for fiscal conservatives, but it's the perfect cover for the GOP's real agenda of cutting the social programs that almost every American relies on. Senate Majority Leader Mitch McConnell speaks with the media after a news conference in Dirksen Building on the tax reform bill on November 30, 2017. (Photo: Tom Williams / CQ Roll Call) This story wasn't funded by corporate advertising, but by readers like you. Can you help sustain our work with a tax-deductible donation? Speaker of the House Paul Ryan has a plan: To get rid of nasty deficits, he says,  all we need to do is  "grow the economy, ...
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Coping methods 1.12.2017 BBC: Business
What do US central bankers do during a financial crisis?
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The Tax-Cut Weapon in Their One-Sided Class War 27.11.2017 Truthout.com
The "end of all economic sanity in Washington." A "Ponzi scheme." A proposal "to make Scrooge McDuck proud." "All-out class war on the 99 Percent." These were a few of the media descriptions of the Republicans' slash-and-burn tax cut plan passed by the House of Representatives on November 16. And the alarmism wasn't confined to left publications, either -- it was the business mouthpiece Forbes that worried about the end of sanity. The House bill will have to be reconciled with whatever version the Senate passes, and there are indications of enough opposition from Republican senators to put the Senate legislation in danger of collapsing, like the Trumpcare proposal earlier this year. But if anything remotely close to the plan passed by the House or the one being cooked up by the Senate do end up being signed into law, you can be sure about a couple things. First, the Republican tax rip-off will aid and abet a massive and flagrant shift of wealth to the already rich and superrich at the expense of ...
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Imagining a New Social Order: Noam Chomsky and Robert Pollin in Conversation 19.11.2017 Truthout.com
Noam Chomsky and Robert Pollin discuss how the left can save the US from neoliberal excesses. (Image: Jared Rodriguez / Truthout ) In a time of deep political, social and economic uncertainty for everyone (except the ultra-rich), Noam Chomsky and Robert Pollin provide some theoretical and practical guidance for the left. This Truthout interview is an effort to help reimagine a realistic social order in an age when the old order is dying but the new has yet to be born. Noam Chomsky and Robert Pollin discuss how the left can save the US from neoliberal excesses. (Image: Jared Rodriguez / Truthout ) This story could not have been published without the support of readers like you. Click here to make a tax-deductible donation to Truthout and fund more stories like it! We live in an age of illegitimate neoliberal hegemony and soaring political uncertainty. The evidence is all around: citizen disillusionment over mainstream political parties and the traditional conservative-liberal divide, massive inequality, ...
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Steven Mnuchin, Foreclosure King of the US: Secretary of the Treasury for the .01 Percent 7.11.2017 Truthout - All Articles
  Treasury Secretary Steven Mnuchin walks off the podium following a news conference on September 21, 2017, in New York City. (Photo: Spencer Platt / Getty Images) The stories at Truthout equip ordinary people with the facts and resources to create extraordinary change. Support this vital work by making a tax-deductible donation now! Treasury Secretary Steven Mnuchin doesn't exactly come across as the guy you'd want in your corner in a playground tussle. In the Trump administration, he's been more like the kid trying to cop favor with the school bully. That, at least, is the role he seems to have taken in the Trump White House. When he isn't circling the Sunday shows stooging for the president, he regularly plays the willing fall guy for tax policies guaranteed to  stoke further inequality  in the US and for legislation that will  remove  just about any consumer protections against Wall Street. Mnuchin, a former Goldman Sachs partner, arrived in Washington with a distinct reputation. Back in 2009, he had ...
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How the outsourcing of forestry jobs seeps into our public lands debates 30.10.2017 High Country News Most Recent
Cash-strapped agencies use private contractors to the detriment of local communities.
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Dean Baker on the GOP Tax Plan: 80 Percent of the Benefit Is Going to the Richest 1 Percent 15.10.2017 Truthout.com
President Donald Trump participates in a tax reform kickoff event at the Loren Cook Company in Springfield, Missouri, on August 30, 2017. (Photo: Jim Watson / AFP / Getty Images) Janine Jackson: The key part of the Republican tax plan, CNBC  explained,  isn't the individual or even the corporate tax rates. The big news is that it doubles the standard deduction and provides significant relief and simplicity for most taxpayers. And just to be clear, they added, "This should be the focus of the tax reform debate, not the endless old argument about benefits for the rich." A separate  report  noted that administration officials are abandoning their oft-voiced deficit concerns, because of the amazing "growth" the plan will generate. What's a lay person to think? Here to help us understand is economist Dean Baker, co-founder of the Center for Economic and Policy Research. He joins us now by phone from DC. Welcome back to CounterSpin, Dean Baker. Dean Baker: Thanks a lot for having me on. To the extent that ...
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To Stop the Trump Tax Plan in the Short Term, Divide and Conquer the GOP 4.10.2017 Truthout.com
Nothing unifies Republicans like huge tax cuts for rich people, so peeling off some votes through public pressure might halt the Trump administration's tax proposal in the short term, says economist Marshall Steinbaum of the Roosevelt Institute. But there needs to be a broader conversation about the critical role of progressive tax policy in structuring the economy to work for the benefit of the majority. Donald Trump speaks at the 2017 Conservative Political Action Conference on February 24, 2017, in National Harbor, Maryland. (Photo: Gage Skidmore ) We're now several months 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 ongoing "Interviews for Resistance" series, we talk with organizers, agitators and educators not only about how to resist but also about how to build a better world. Today's interview is the 78th in the series.  ...
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Trump’s Budget Guy Was A Famous Deficit Hawk, Until He Became Trump's Budget Guy 3.10.2017 Politics on HuffingtonPost.com
Now Mick Mulvaney thinks "we need to have new deficits."
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Republicans Still Believe The Myth That Tax Cuts Pay For Themselves 29.9.2017 Politics on HuffingtonPost.com
One huge reason that tax reform could be easier than it should be.
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