Federal Judge Strikes Down Overtime Rule, Leaving Trump Labor Dept to Decide What Follows
Judge strikes down overtime rule, leaving it to Trump’s Labor Department to decide how to revise overtime regs and thresholds set in 2004.
Read more...Category Archives: Banana republic
Nomi Prins: A Decade of G7 Central Bank Collusion – and Counting..
Why central bank snake oil and financier-favoring interventions have done great harm to ordinary people.
Read more...GAO Report Finds Rural Postal Service Remains Essential
More evidence that cutting back on rural postal service is a bad idea.
Read more...Dean Baker: Social Security A Success Story- Can It Withstand Privatization Attacks?
Dean Baker discusses the push toward privatization of Social Security just after the system celebrates its 82nd birthday.
Read more...How Alfred McCoy Stalked the CIA From Its Heroin Trail to the Surveillance State
Alfred McCoy’s soon-to-be-released book on the CIA is already rocking boats. This post adapted from it shows why.
Read more...Steve Bannon v. Blinkered Economists on “Free Trade”
Macroeconomists are making Steve Bannon look good.
Read more...The Ludicrous Prepper Plans of the Super Rich
A perverse bit of good news: the super rich aren’t planning their survival moves any better than they are executing their leadership roles.
Read more...Life’s a Pitch
Another sign of economic insecurity: the pitch economy, where competition becomes more and more degrading.
Read more...Trump and the Infrastructure of Fascism
How Trump’s infrastructure plan is a thinly-disguised privatization and deregulation scam.
Read more...School Funding Fight in Illinois: Billionaire Ex-Private Equity Governor Rauner v. 2 Million Students
Yves here. Notice how all the hysteria over evil Rooskies, North Korea, and neo-Nazis on the march has diverted media attention away from fights over economic issues? In Illinois, Governor Rauner is pushing through a scheme to curb funding to schools that is designed to hit lower property tax districts and Chicago particularly hard. Some […]
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Financial Regulatory Rollback Proceeds
No new legislation is necessary for financial regulatory rollback to proceed. Enforcement priorities fail to target Wall Street.
Read more...Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely
WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...“The Changing of the Guard:” The Prescient 1980 Book That Foretold the Democrat Love Affair With Neoliberalism
How up and coming Democrats in the 1970s and 1980s decided being wannabe Republicans was a path to power.
Read more...Wall Street Journal Deigns to Notice Costly Indiana Toll Road Failure, Depicts It as Isolated When Toll Roads “Consistently” Go Bust
Toll road projects have consistently failed over the last decade and a half, but you never hear that in the mainstream press.
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