Treasury Secretary Mnuchin’s Forked Tongue on Tax Cuts for the Wealthy
It is an insult to intelligence for Steven Mnuchin to claim that the Trump tax plan isn’t a sop to the rich. That’s the GOP’s raison d’etre.
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Rajoy Goes Nuclear on Catalonia’s Separatists, Seeks Suspension of Autonomy, National Takeover of Local Police and Public Broadcasting; Political and Economic Risk High
Spain’s prime minister Rajoy has set in motion a takeover of the government in Catalonia. What might happen next?
Read more...Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917
Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?
Read more...Balloon Dog (Orange): The Art of a Health Care Deal
What a health care solution space looks like to our highly transactional President.
Read more...The Empire Comes Home Counterinsurgency, Policing, and the Militarization of America’s Cities
American society is embracing its inner empire. Eventually, its long reach may come for us all.
Read more...CFPB Issues Payday Lending Rule: Will it Hold, as the Empire Will Strike Back
How big a victory is the CFPB’s new payday lending rule for consumers of financial services? And will it hold– as the industry fights back.
Read more...Sneaky Trump Scheme Guarantees Profits of Coal and Nuclear Power Plant Owners
Trump’s latest giveaway: a massive subsidy to coal and nuclear plant operators via unnecessary and costly electricity backup requirements.
Read more...Biometric ID Fairy: A Misguided Response to the Equifax Mess that Will Only Enrich Cybersecurity Grifters and Strengthen the Surveillance State
Surrendering biometric information and fancy technology provide no panacea for the problems revealed by the Equifax hack.
Read more...Crackdown in Catalonia
The government in Madrid takes even more aggressive moves to shut down an independence referendum in Catalonia already deemed to be illegal.
Read more...CalPERS Doubles Down on Its Illegal Election, Makes “Absurd” Claim That It Is Above the Law
CalPERS refuses to change its election procedures to comply with California law, and has doubled down on ridiculous justifications instead.
Read more...Tax Sausage Making Begins, But Will Republicans Be Happy With the Result?
Tax “reform” is going to produce more Republican infighting and a bill that falls short of expectations. Pass the popcorn.
Read more...CalPERS Can’t Even Figure Out How to Count Ballots in Accordance With Its Own Election Regulation, Let Alone Comply With California Law
CalPERS keeps digging its election hole even deeper.
Read more...Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
Read more...Occupy the SEC Calls Out Regulator’s Absurd Push to Neuter Volcker Rule
Occupy SEC calls out OCC nonsense on need to reform– gut– the Volcker Rule’s proprietary trading limits for TBTF banks. Will anyone listen?
Read more...Don Quijones: It Gets Ugly in Catalonia
Madrid’s crackdown is increasing support for independence in Catalonia among those who previously had little interest in such an outcome.
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