Economy

World Bank’s IFC Arm Responds to Our Critique of Its Poverty Fighting

World Bank’s IFC Arm Responds to Our Critique of Its Poverty Fighting
Response from World Bank for ProPublica's article, "Can You Fight Poverty With a Five-Star Hotel?," which raises an important question about the International Finance Corporation's (IFC) impact fighting poverty in developing countries. ProPublica's response to this letter is also included.
origin Author: 
origin Blog: 

Christmas Cash: December Spending Highest in Four Years

Christmas Cash: December Spending Highest in Four Years
The increase in Americans' reported spending is clearly a positive sign for the U.S. economy. Whether the trend toward greater spending continues in 2013 is unclear. If January 2013 looks strong compared with prior Januaries, it is a sign that the economic momentum is continuing. If it is weaker, it could be a sign that Americans' more generous spending ways may be ending.
origin Author: 
origin Blog: 

Reaganomics Coming to a State Near You

Conservative state lawmakers across the country have been pushing fiscal agendas that slash income tax rates, sometimes paying for them by scaling back popular tax breaks. The controversial logic: that high tax rates discourage entrepreneurs from investing and growing the economy, ultimately depressing tax revenues while also convincing people to move from higher-taxing states to lower-taxing ones.
origin Author: 
origin Blog: 

Rachel Maddow: Republicans Finally Discover Tax Cuts Cost Money

For more than 10 years, Republicans have argued that tax cuts pay for themselves by growing the economy and increasing tax reciepts. Now, MSNBC's Rachel Maddow shows that Republicans are suddenly realizing that tax cuts are actually expensive, and the math behind the Bush Tax Cuts was fiscally irresponsible.
origin Author: 
origin Blog: 

Marriage Equality Expected to Change the Economic Landscape in WA

In the first year after same-sex marriage passed in New York State, New York City reaped $259 million of economic benefits directly related to the new wedding economy.
origin Author: 
origin Blog: 

Grover Norquist: Fiscal Cliff Deal Would Lower Taxes, Not Raise Them

Anti-tax lobbyist Grover Norquist expressed confidence on CNN on Monday that any last-minute deal to avert the fiscal cliff would not cause tax rates to increase, even for wealthy Americans.
origin Author: 
origin Blog: 

Religious Leaders Encourage Poverty Protections for Unemployed Americans

The Jewish Council for Public Affairs and the Interfaith Disability Advocacy Coalition gathered on Capitol Hill Thursday to speak out in support of the Social Security Disability Insurance benefits program. The two groups gathered to dispel myths about the program being widely abused and wasteful and pushed to ensure that SSDI would not fall victim to "fiscal cliff" negotiations.
origin Author: 
origin Blog: 

No Hidden Fees in HSBC Drug Cartel Scandal, Charges Dropped

This is probably the most insane story of the year. We spoke to Matt Taibbi about HSBC laundering hundreds of millions to billions of dollars in drug cartel money and how they will not be prosecuted. Here's Cliff Schecter talking about it in his weekly news review segment with Sam Seder.
origin Author: 
origin Blog: 

For Grieving Father Struggling With Dead Son’s Student Debt, Resolution Comes Four Years Late

It's been four long years for Francisco Reynoso. The California gardener whose son died in a car accident in 2008 left him buried in grief — and in student debt. At last, the bereaved father is getting some resolution.
origin Author: 
origin Blog: 

America's Future: Three New Books Offer Different Viewpoints

A plethora of new books suggest America has entered a state of rapid decline. Two recent works on this subject, both heavily footnoted, are worthy of attention. One is by an elitist on the right and the other by one on the left. In contrast, a third new book is full of hope.
origin Author: 
origin Blog: 

Pages