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Tag Archives: Politics & Society

Paul Ryan’s ‘eat cake’ moment​​

Paul Ryan’s ‘eat cake’ moment​​ In his now infamous deleted tweet Paul Ryan defended the new corporate tax cuts by noting that not only corporations benefitted, but also ordinary workers that now may increase their wages by $1.50 — per week. Makes yours truly come to think of one of the most famous quotes in history, where French queen Marie-Antoinette in 1789 told the hungering masses that if they didn’t have enough bread, well “eat cake” …...

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28 Jahre, zwei Monate und 27 Tage

28 Jahre, zwei Monate und 27 Tage  [embedded content] Am 5. Februar gibt es die Mauer genauso lange nicht mehr, wie sie einst existierte. Das ist das Ende einer Epoche. Und auch ein Anfang … Wenn ich heute die Bilder von damals sehe, merke ich: Gefühle lassen sich nicht nur nicht messen, sie haben auch kein Alter. Gefühle werden nicht alt. Ich bin oft noch zu Tränen gerührt und schäme mich trotzdem dafür. Ich müsste längst abgeklärter sein. Doch jenes...

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Getting inflation wrong

Jerome H. Powell sailed to Senate confirmation on Tuesday to become the 16th chairman of the Federal Reserve with a final vote of 84 to 13 … The bipartisan support for Mr. Powell was a sharp break from another Fed hearing earlier on Tuesday, when Mr. Brown and other Democrats questioned the qualifications of Marvin Goodfriend, a conservative economist nominated by Mr. Trump for a seat on the Fed’s board. Mr. Goodfriend repeatedly predicted after the 2008 financial crisis that...

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Branko Milanovic and the hypocrites of the World Economic Forum

Branko Milanovic and the hypocrites of the World Economic Forum Thousands of people will gather next week in Davos. Their combined wealth will reach several hundred billion dollars, perhaps even close to a trillion. Never in world history will be the amount of wealth per square foot so high. And this year, for the sixth or seventh consecutive time, what would be one of the principal topics addressed by these captains of industry, billionaires, employers of...

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