User: newstrust Topic: US Economy
Category: Jobs
1 new since Feb 21 2018 04:07 IST RSS 2.0
 
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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 Truthout.com
Economic Update  is in partnership with  Truthout.org 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,  democracyatwork.info. Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact  p rofwolff@rdwolff.com  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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Stocks climb again as investors shake off inflation worries 15.2.2018 LA Times: Commentary

Investors saw some new hints Wednesday that inflation is increasing, but they still sent banks, technology firms and consumer-focused companies climbing. That was a big change after the market's inflation-inspired plunge earlier this month.

After a shaky start, stocks rose for the fourth straight...

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South African President Jacob Zuma resigns under pressure from ANC 15.2.2018 LA Times: Commentary

South African President Jacob Zuma bowed to intense pressure from his party and resigned Wednesday, ending nearly nine years of rule marred by corruption scandals and fiscal mismanagement that shamed the party of Nelson Mandela and inflicted serious damage on one of Africa’s biggest economies.

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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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Inflation fears roil stocks after consumer prices jump 14.2.2018 LA Times: Commentary

Consumer prices jumped more than expected last month, the Labor Department said Wednesday, adding to the fear of higher inflation that has roiled financial markets in recent days.

The consumer price index increased 0.5% in January, up from 0.2% the previous month and well above analyst estimates....

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Stocks tumble on opening as consumer prices jump, adding to inflation fears 14.2.2018 LA Times: Business

Consumer prices jumped more than expected last month, the Labor Department said Wednesday, adding to the fear of higher inflation that has roiled financial markets in recent days.

The consumer price index increased 0.5% in January, up from 0.2% the previous month and well above analyst estimates....

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The Finance 202: Trump dusts off protectionist trade rhetoric 14.2.2018 Washington Post: Politics
But his follow-through has been shabby.
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