Beware Billionaires Bearing Gifts
Billionaires’ gifts are too often intended to remake society along their preferred lines.
Read more...Category Archives: Income disparity
Bankruptcy: An Option for Taxi Drivers Crushed by Medallion Loans?
Contrary to what the NYT asserts, taxi drivers who can get competent legal advice might find bankruptcy allows them to escape onerous medallion loan burdens – and keep their medallions.
Read more...Trump’s Sneak Attack on Social Security
Trump budget proposal incorporates an attack on Social Security, advocating a switch to the chained Consumer Price Index (CPI) to index the federal definition of poverty, a step that would result in lower benefits.
Read more...Public-Private Partnerships Fad Fails
After the failure and abuses of privatization became apparent, public-private partnerships have since been promoted to mobilize private finance for the public purpose. PPPs have socialized costs and losses while ensuring private financial gains.
Read more...Bill Black: Ocasio-Cortez & Sanders Introduce Bill to Cap Credit Card Interest Rates at 15%
Ocasio-Cortez and Sanders introduce legislation: they call it Loan Shark Prevention, which would allow post offices to act as banks and cap interest rates at 15%, but credit card companies claim it would hurt the poor.
Read more...The Lost Ones: The Opportunities and Outcomes of White, Non-College-Educated Americans Born In The 1960s
This column shows that white, less-educated Americans born in the 1960s are worse off than the generation born 20 years previously, based on wage changes, increased medical costs, and shorter life expectancy. This disparity could be worth as much as $132,000.
Read more...Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...”Who Says Violence Doesn’t Solve Anything?” A Review of Radicalized: Four Tales of Our Present Moment by Cory Doctorow
Radicalized presents uncomfortable truths about the neoliberal vise.
Read more...The Roots of Health Inequality and the Value of Intra-Family Expertise
Having doctors in the family is good for your healh. Who’d have thunk it?
Read more...Politicization of Sports and Sportization of Politics: A Global Dangerous Trend
Why the convergence of sports and political behaviors is bad for each.
Read more...Why You Should Back the Sanders/AOC Plan to Cap Credit Card Interest Rates at 15%, Re-Launch the Postal Savings Bank
A new bill by Bernie Sanders and Alexandria Ocasio-Cortez seeks to limit credit abuses and make banking more accessible.
Read more...Antitrust in American History: Law, Institutions, and Economic Performance
The Chicago School’s weakening of antitrust law hurt the economy
Read more...Bill Black: Thousands Die, Millions Injured on the Job, and No Businesses Prosecuted
Bill Black describes how OSHA’s few underfunded inspectors can’t do their jobs, and prosecutors don’t prosecute businesses for non-compliance.
Read more...Coping With World Bank-Led Financialization
The World Bank has successfully promoted its ‘Maximizing Finance for Development’ (MFD) strategy by embracing the United Nations’ Sustainable Development Goals, internationally endorsed in September 2015.
Read more...Apple to California Legislators: Consumers Will Hurt Themselves if Provided a Right to Repair
Apple and tech lobbyists delay a California bill to provide a statewide right to repair until 2020, claiming consumers will hurt themselves if the state capitulates on this issue. They also successfully deploy the hackers in the basement boogeyman.
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