Economy

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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More Seeking Unemployment Aid, Yet Job Numbers On the Up

More Seeking Unemployment Aid, Yet Job Numbers On the Up
More people applied for unemployment benefits last week, but the overall job numbers are looking good, with the unemployment rate falling to 6.1% – the lowest since September 2008.
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Paul Ryan Poor-Shames Better Than Most, With a Twinkle and a Budget

Paul Ryan Poor-Shames Better Than Most, With a Twinkle and a Budget
Paul Ryan's plan is to basically shame the poor. Let's take a look into the bizarre paternalism of Paul Ryan’s poverty plan, one he disguises as a change to block grants. One that goes against the very mechanism that has made safety nets in this country matter for nearly a century.
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Don’t Panic! We Can Expand Social Security and Medicare

Don’t Panic! We Can Expand Social Security and Medicare
Actuarial science is the art of prediction. And speaking of predictions, here’s one that hasn’t been wrong yet: No matter what new data emerges about Social Security and Medicare, the well-funded opponents of those two worthy programs will always insist that we’re on the brink of catastrophe – unless something is done right now to slash their benefits.
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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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