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Growth, energy use and emissions are historically linked, but this trend could end with mass investment in renewables and energy efficiency. Any progressive political program that fails to deliver growth is doomed to fail. This pieces is a response to “We Can’t Beat Climate Change Under Capitalism. Socialism Is the Only Way.​” Ashley is correct […]

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Now, with mounting evidence of impending recession, the ECB is caught in political and technical traps. Bundesbank president and ECB Governing Council member Jens Weidmann has continued to oppose monetary stimulus. In late January, he called for monetary policy “normalization” by selling assets purchased under QE and “phasing out ultra-low interest rates.” On February 27, […]

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Photograph Source NYyankees51 – CC BY-SA 3.0 One of the most influential documents of the 20th century—the Communist Manifesto—begins with the famous phrase: A specter is haunting Europe—the specter of Communism. All the powers of old Europe have entered into a holy alliance to exorcise this specter; Pope and Czar, Metternich and Guizot, French radicals […]

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In the recent jobs report, employment increased rapidly, but wage growth slowed down. Why? Gerald Epstein joins Paul Jay The post Unemployment is Down – Why Aren’t Wages Up? appeared first on The Real News Network.

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Economy Adds 196,000 Jobs in March Amid Signs of Slowing Wage Growth

April 5, 2019           |                                       

Weaponized Social Media Is Driving the Explosion of Fascism Zionist Campaign Drives Black Jewish Activist Out of UK’s Labour Party New Hints of the Mueller Report: Did Trump Simply Get Rolled by the Russians? Progressives Dismiss DCCC Threats on Primary Challengers Important Medicaid Initiatives Would End If Court Overturns ACA Bayer and Monsanto Defend Themselves […]

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Job Gain Points to a U.S. Economy Slowing but Hardly Stalling

April 5, 2019           |                                       

WASHINGTON — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has prevailed for most of the nearly decade-long expansion. […]

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There’s a reason Bill Gates loves Pinker and Rosling—their analyses obscure inequality. Rosling reassures people like Gates that, since things are always improving, we need not bother to change how the world operates. In 2017, Bill Gates tweeted that Steven Pinker’s The Better Angels of Our Nature: Why Violence Has Declined was “the most inspiring […]

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European Central Bank announces major policy reversal By Nick Beams 8 March 2019 The European Central Bank has reversed its policy of slight monetary tightening and announced a new stimulus package in the face of data which show a sharp downturn in growth in the euro zone. The unanimous decision was taken at the meeting […]

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Watching Sanders this morning, cajoling his troops, emoting his followers and leading them again, it is clear that what underlies his movement and gives him energy is the cause. The objective is to give more and more people access to some of the enormous wealth of this extraordinary country. “The way he was talking, you’d […]

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Just because Congress is anchored in a toxic combination of partisan gridlock and Trumpian chaos doesn’t mean policy debates are dead. Democrats are working overtime to craft an alternative to the status quo, including progressive tax reform, jobs programs, pushback on climate change, universal health care, expanded Social Security and more. As it happens, economic […]

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Economy Adds 304,000 Jobs in January as Workers See Modest Wage Gains

February 1, 2019           |                                       

Despite Backlash, Teacher Strikes Are Spreading Across Country Hondurans Protest US-Backed Government as Thousands Flee The Polar Vortex Is Climate Disruption in Action Deportation Is an Emergency. Here’s One Coalition’s Way of Fighting It. Ocasio-Cortez, Pressley, Tlaib and Omar Call for Cuts to ICE Funding Stopgap Measure to Reopen Government Will Strain SNAP Recipients Manufacturing […]

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The Permanent Temp Economy

January 25, 2019           |                                       

“Temp: How American Work, American Business, and the American Dream Became Temporary”Purchase in the Truthdig Bazaar “Temp: How American Work, American Business, and the American Dream Became Temporary” A book by Louis Hyman The title of Louis Hyman’s book, “Temp: How American Work, American Business, and the American Dream Became Temporary,” gives a glimpse of […]

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Taxes impede economic growth and high taxes kill the economy, right?. This is the belief among many who criticize Representative Alexandria Ocasio-Cortez’s proposal to raise taxes on the wealthy to 70% or more. But what does the evidence really tell us? Do high taxes really hurt the economy as much as they believe, and will […]

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