Economy

An Illustrated Guide to the State Budget Tobacco Bond Time Bomb

An Illustrated Guide to the State Budget Tobacco Bond Time Bomb
Billions of dollars were promised to the American people after Big Tobacco's landmark settlement with the states. Government officials said it would be better to get the cash now (and to cover all sorts of budgetary needs), so the money was put into bonds. A bond is like a loan and like a loan, states spent that money. Now what?
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Cezary Podkul and David Sleight
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Our Schools and Health Care Show the Carnage of Capitalism

Our Schools and Health Care Show the Carnage of Capitalism
Capitalism is expanding like a tumor in the body of American society, spreading further into vital areas of human need like health and education.
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Debtors Say the Darndest Things: It'll Cost $245,340 to Raise a Child Born in 2013

Debtors Say the Darndest Things: It'll Cost $245,340 to Raise a Child Born in 2013
A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult, with families living in the Northeast taking on a greater burden, according to a report out Monday. Those costs — food, housing, childcare and education — rose 1.8 percent over the previous year.
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AP
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Leaked Doc Puts Spotlight on Corporate-Friendly Trade Deal

Leaked Doc Puts Spotlight on Corporate-Friendly Trade Deal
A leaked document is putting the spotlight on a trade deal between Canada and the European Union that one critic says is all about "giving corporations rights."
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One Percenter Sacrifices Some of His Wealth to Raise Minimum Wage

One Percenter Sacrifices Some of His Wealth to Raise Minimum Wage
Who knew that a former executive at General Electric, a company widely-known for its tax dodging and outrageous lobbying expenses, would take a bold, selfless stand against income inequality as president of a public university?
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The 1% Richer, Income Inequality Worse, Once Lies and Tax Dodging Put into Equation

The 1% Richer, Income Inequality Worse, Once Lies and Tax Dodging Put into Equation
Income inequality is bad enough as it is on the books. However, the actuality might be even worse than we thought because of the wealthy's incredibly adept and hush-hush use of tax evasion. The new report out of 'Bloomberg' is astonishing.
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John Oliver Blasts Republican Predatory Loan Cronies

John Oliver Blasts Republican Predatory Loan Cronies
On Last Week Tonight, John Oliver breaks down the abusive- and often illegal- tactics of payday lenders, the devastating cycle of debt caused by their practices, and the control predatory lender insiders have over state legislatures. And the prime example: Texas, because “apparently even clusterf***s are bigger in Texas.”
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Bootstrap Unlaced: Studies from Right- and Left-Leaning Think Tanks Show Cuts to Unemployment Benefits Don't Create Jobs

Bootstrap Unlaced: Studies from Right- and Left-Leaning Think Tanks Show Cuts to Unemployment Benefits Don't Create Jobs
In January 2014, when a federal program extending unemployment benefits failed to be renewed in Congress, there was speculation about what might happen to those on unemployment. It is a popular idea with some that an unemployed individual isn’t motivated to seek out a job as long as a government check is coming in regularly. Experts weren’t sure and no reliable data was available. Now there is a report about some data.
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Supporting Companies that Reward Customers and Workers, and Not Just Shareholders

Supporting Companies that Reward Customers and Workers, and Not Just Shareholders
In recent weeks, the managers, employees, and customers of a New England chain of supermarkets called “Market Basket” have joined together to oppose the board of director’s decision earlier in the year to oust the chain’s popular chief executive, Arthur T. Demoulas.
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Three Updated Charts to Email to Your Right-Wing Brother-In-Law

Three Updated Charts to Email to Your Right-Wing Brother-In-Law
Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about “Obama spending” and “Obama deficits” and how the “stimulus” just made things worse. Solution: Here are three “reality-based” charts to send to him. These charts show what actually happened.
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