Economy

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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A 'War On Coal'? Or Is It Common Sense Reform?

A 'War On Coal'? Or Is It Common Sense Reform?
Alabama Power's parent company, Southern, will be relying less on coal and more on other resources, including renewables. The reason? Because it's simply cheaper. It hasn't stopped the demagogues from blaming Obama's fictional "War On Coal."
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'Huge Number' of Tax-Dodging Corporations Preparing to Expatriate

'Huge Number' of Tax-Dodging Corporations Preparing to Expatriate
Dozens of major U.S. corporations are preparing to jump ship in a mass wave of tax-dodging corporate expatriation, the Washington Post reported Wednesday.
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Boycott Proves to Be the Best Medicine: Walgreens Announces It Will Remain 'American'

Boycott Proves to Be the Best Medicine: Walgreens Announces It Will Remain 'American'
Walgreen corporate executives have decided that a "corporate inversion," a loophole that allows an American company to purchase a stake in a foreign company and then avoid paying U.S. taxes, "is not in the best long-term interest of stockholders." Good plan.
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Don’t Be Fooled: Banks Still Too Big to Fail

Don’t Be Fooled: Banks Still Too Big to Fail
Analyzing a government report is like eating and digesting a meal — better to take it slowly than gobble quickly and suffer the possible consequences.
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More Proof Conservative Economics Is Holding Us Back

More Proof Conservative Economics Is Holding Us Back
The New York Times’ Neil Irwin identified the five sectors of the economy that are serving as a drag on growth. As it turns out, his conclusions about the reasons the economy “keeps underperforming” tie directly to what we’ve been saying about conservatives sabotaging the economy through austerity economics.
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