Tag Archives: politics

I do not know what generation Maxwell Strahan of Huffpost is of; but if he is of the Millennials, he has it correct in his HuffPost article. . . “The Greatest “Crisis of My Generation is Now a Dystopian Show.” The crisis? Student Loan debt, the penalties associated with it, and the inability to declared bankruptcy are the greatest crises facing younger generations and will also be for this nation when millions of them default. The Show? “Paid Off!”...

Click this link. Data For Progress decided to ask people about policy proposals which very serious centrists consider way too far left for America. American voters respond differently. As should already be clear from existing polls (click and search for “fair”), there is strong support for egalitarian populist redistributive public policy. At Data For Progress, they chose to emphasize the positive — four proposals with overwhelming support, but I think...

The BoE’s decision to raise the Bank Rate to 0.75% is a mistake. It is a mistake comparable to those made by Alan Greenspan’s Federal Reserve in the years between 2003 and 2006.  It is a mistake that must be understood in a wider context. Not just the political context – which promotes ‘monetary radicalism and fiscal conservatism’ – to quote David Cameron and George Osborne. But also in a wider monetary policy context.  As the governor of the Bank pointed out recently: ‘the Bank is the only...

run75441: Student Loan Justice Organization has started a letter/email campaign to Senator Elizabeth Warren via one of her aides Joshua Delaney. I have read Senator Warren on numerous occasions and she has been forthright in her proposals and opposition to the Financial and Banking industry taking advantage of the Middle Class. For whatever reason, Senator Warren has been reluctant to take up the crusade for students who have been indentured to a system...

Rigging the student loan system  Americans today hold $1.5 trillion in student debt, and recent research reveals that the effects of this outsized and growing debt are much more devastating than previously thought, particularly for communities of color. From bankruptcy protections and lower interest rates and fees to safeguards from fraudulent educational programs and even fullstudent debt cancellation, economic justice and higher education advocates...

NYT and Trump Meet In a meeting between Trump and NYT Publisher with the NYT Editorial Page Editor in attendance, they discussed “the vast amounts of Fake News being put out by the media & how that Fake News quip by Trump has morphed into phrase, “Enemy of the People.” D.J. Trump: “Had a very good and interesting meeting at the White House with A.G. Sulzberger, Publisher of the New York Times. Spent much time talking about the vast amounts of Fake...

The President of the United States is a Russian asset? That the President of the United States is a Russian asset needs to be openly acknowledged. He may be a naive, negligent or unwitting asset, a coerced asset, or a willing and enthusiastic asset, or some combination thereof, but at this point there is no getting around that he is a Russian asset. My readers who have followed me from progressive blogs presumably have no trouble accepting this.  But I...

What is going on today. Happy Saturday Night!

(Dan here….Lifted from comments here) Spencer says: You can download the most recent GDP in excell form directly from the BEA. In the 2nd quarter exports accounted for 1.12 percentage points of the 4.1% surge in real GDP. That is almost 30% of growth. Apparently the big jump in exports was due to large purchases of soy beans in May, before new tariffs were imposed. This was obviously a one time unusual event that will quickly reverse and dampen real GDP...

Meanwhile, Saudis Stuck On Oil Thanks To MbS Crackdown Saudi Crown Prince Mohammed bin Salman (MbS) has a plan to get Saudi Arabia off oil, with an immediate push to create 1.2 million private sector jobs by 2020.  However, as Juan Cole reports, his political crackdown last year in which over 300 people were tossed in jail  for various supposed crimes, with many of them now having frozen bank accounts and other restrictions placed on them, has somewhat...