Stock Market Reaches Milestone, But Who Cares?

Stock Market Reaches Milestone

RJ Eskow: We need to start thinking about our nation’s “economies,” of which there are at least two. There is the one that is inhabited by corporations, the wealthy, and the investor class. Call that one the “elite economy.” Then there’s the other economy, the one where most of us live.

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Argentine Fiscal Crisis

Ellen Brown: Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Work and Worth

Work and Worth

Robert Reich: Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Amazon Pricing Drives Me Bot-ty

Amazon Books Pricing

Randy Shaw: My battle is with the bots and algorithms Amazon uses to price its books. I can’t reason with them, because they are not human. Yes, it’s true. We have a book industry whose dominant market decides prices based entirely on a computer formula.

Don’t Panic! We Can Expand Social Security and Medicare

expand social security

Richard Eskow: 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.

Economic Ponzi Scheme

Janet Yellen and International Monetary Fund Managing Director Christine Lagarde

Ellen Brown: The rules have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there. The system just needs a reboot.

California Must Repeal Profoundly Unjust Welfare Law

Maximum Family Grant rule

Jessica Bartolow: Decades of research reveal that child exclusion policies like the Maximum Family Grant rule are failed social experiments that increase child poverty and deep poverty and violate the basic principles of human and reproductive rights.

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