Tag Archives: politics

According to Modern Healthcare: “In a brash move likely to roil insurance markets, President Donald Trump will ‘immediately’ halt payments to insurers under the Affordable Care Act. Before sunrise Friday morning, Trump went on Twitter to urge Democrats to make a deal: ‘The Democrats ObamaCare is imploding, massive subsidy payments to their pet insurance companies has stopped. Dems should call me to fix!’ The Department of Health and Human Services had...

Peter Praet's speech at the Money, Macro and Finance conference last week was a goldmine. I've already discussed the central bank credibility problem revealed by his final slide. But his presentation went far, far wider than central banks. It raised serious questions about the future of the global economy.This slide - the first in his presentation - shows that there have been three significant global shocks in the last decade, not one: The first, obviously, is the deep global recession...

The Tax-Cut Framework Won’t Create Jobs and Digs the Inequality Ditch even Deeper Marcus Ryu, a self-described Silicon Valley entrepreneur who created, with others, a company now worth $5 billion on the New York Stock Exchange, argues in today’s Op-Ed section of the New York Times that “Tax Cuts Won’t Create Jobs“, NY Times (Oct. 9, 2017), at A23 (the title in the digital edition is different from the print title:  Why Corporate Tax Cuts Won’t Create...

by Peter Dorman (originally published at Econospeak) Social Justice: Debt, Solidarity or Care? Mozi: scholar and activist   How do we think about the obligation of social justice?  The dominant American political culture is based on individualist values: you have a right to do whatever you want, and the main problem is how to prevent you and other rights-bearing individuals from getting in each other’s way.  Without extra considerations, social justice...

Many US Senators have contributed to preserving the peace. I am not a historian, but I understand that many admire William Fullbright. I personally think very highly of Ernest Gruening who tried to save the US from the Tonkin Gulf resolution and our involvement in the war in Vietnam. However, I think it is now clear that the honor belongs to Senator Robert Corker (R-Tenn). Sen Corker is a respected and experienced statesman not prone to impulsive...

Part of Patriotism is Paying Taxes As Americans, we pay taxes to allow our government to support important activities that we as individuals or individual businesses either can’t do at all or can’t do as successfully.  Both individuals and businesses benefit from government, so that paying taxes is a wonderful exercise in patriotism. For individuals, the idea of paying taxes as patriotism may be obvious to many of us, because we think that taxes are an...

Assange told his 439,000 Twitter followers on Friday that he is looking for a “decentralized/cryptographic alternative” to the social media giant.… Twitter’s freedom of expression has been on an inexorable decline. It’s enslaved to its US jurisdiction and politics. Although it is substantially better than Facebook that is a very low standard indeed,” Assange said online. The inevitable result of politicization is loss of credibility and creation of alternatives.Not to mention that Twitter...

Right Wing Propaganda Tank IPI Likes the Trump Tax-Cuts-for-the-Rich “framework” There’s no surprise here.  The Institute for Policy Innovation (IPI) is a right-wing “think” (i.e., propaganda) tank that has consistently argued for tax policies that favor multinational corporations and the wealthy.  So IPI has a posting on Sept 29 that is supportive of the so-called “tax reform framework” put out by the Trump administration. As an earlier post noted...

by ProGrowthLiberal  (originally published at Econospeak) Trump’s Inadequate Response to Hurricane Maria and the Posse Comitatus Act Credit to Matthew Yglesias for his discussion of the incompetence of Donald Trump as well as the excuses for it from his defenders including: Officials have also cited the Posse Comitatus Act as a complicating factor that helps explain why Trump was so much slower to dispatch assistance to Puerto Rico than the Obama...

Oxfam is a global organization working to end poverty. Its goal is to help people build better futures for themselves, hold those responsible accountable for the failures of people in power and/or government, and work in disaster areas. Their mission as stated is: “ To create lasting solutions to poverty, hunger, and social injustice.” Earlier in the week Oxfam acknowledged the ongoing tragedy in Puerto Rico. Oxfam President Abby Maxman said: “Oxfam...