Economy

How Capitalism Is Cheating Young Americans

How Capitalism Is Cheating Young Americans
Our country's wealthy white once-idealistic baby boomer generation has cheated those of you entering the working world. A small percentage of us have taken almost all the new wealth since the recession. Our Silicon Valley CEOs have placated you with overpriced technological toys that are the result of decades of American productivity, but which have mainly profited the elite members of their industries.
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VIDEO: Obama Says Corporations That 'Cherrypick Their Taxes' Hurt US, Calls for Reform

VIDEO: Obama Says Corporations That 'Cherrypick Their Taxes' Hurt US, Calls for Reform
In a video address to the American people over the weekend, President Barack Obama called out big corporations offshoring their taxes at the expense of middle class taxpayers. The president looked to reignite the debate that has stalled out in Congress over closing loopholes that he says "threatens to undermine the progress" of the country's recovery.
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House Republicans Blocked ‘Make It In America’ Bill

House Republicans Blocked ‘Make It In America’ Bill
The House Republican leadership on Tuesday blocked a bill to secure for American companies critical minerals used in the production of energy-efficient products, renewable energy systems, electronics and other technologies. The result is companies – and the Defense Department – continue to be forced to turn to China to make or obtain critical electronics components.
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Simple Math: States With Higher Minimum Wages Gain More Jobs

Simple Math: States With Higher Minimum Wages Gain More Jobs
Maybe a higher minimum wage isn't so bad for job growth after all. The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a higher minimum has on hiring trends.
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Our Roads and Bridges Won't Survive Tea Party Politics Much Longer

 Our Roads and Bridges Won't Survive Tea Party Politics Much Longer
President Obama’s announcement Thursday of an executive order that would facilitate public-private partnerships for transportation projects is the latest in a years-long series of efforts to coax more private sector funding for public goods. One benefit these deals offer is a way for politicians to dodge tough choices about how to pay for the transportation network the public uses. But they are no panacea.
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Austerity Economics Walking US Prosperity Off a Cliff

Austerity Economics Walking US Prosperity Off a Cliff
The 'economics of austerity'—which includes the continued Republican argument that government spending is a drain on both employment figures and economic growth and must be constantly curtailed—is killing the prospect of improved U.S. prosperity.
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Loan 'Em If Ya Got 'Em: House Says OK to Banks, Pot Provider Relations

Loan 'Em If Ya Got 'Em: House Says OK to Banks, Pot Provider Relations
The House voted Wednesday in support of making it easier for banks to do business with legal pot shops and providers of medical marijuana.
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Fox in the Henhouse: NY Gov Lets Mortgage Lobbyist Police Subprime Scandal

Fox in the Henhouse: NY Gov Lets Mortgage Lobbyist Police Subprime Scandal
New York's Governor, Andrew Cuomo, has brought on a banking industry lobbyist as his chief policer of the banks that brought on the subprime crisis that tanked the nation's economy. Methinks he might go a little light on his banking buddies.
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How Kansas and California Debunked the GOP's Tax Cuts Argument

How Kansas and California Debunked the GOP's Tax Cuts Argument
Imagine making a bet with a hardline trickle-down believer like Paul Ryan on a state's projected economic growth. If this bet actually took place, you would walk away the winner. And the trickle-down believers of America would be speechless.
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Fed Chair Promises More Support for Weak, Unfinished Recovery

Fed Chair Promises More Support for Weak, Unfinished Recovery
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
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