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[unable to retrieve full-text content]This comes after Trump decides to have all charges dropped for NYC Mayor Eric Adams. The attorneys were threatened with being dismissed by the Deputy Attorney General. U.S. Deputy Attorney General Emil Bove ordered others to dismiss the NYC Mayor Adams indictment. He will not do the dirty work himself after named acting U.S. Attorney […] The post U.S. Attorneys for Southern District of New York Resign appeared first on Angry Bear.

[unable to retrieve full-text content]“Right-to-work” is one of those marketing euphemisms like “pro-life,” which is designed to disguise the actual agenda. In the case of “right-to-work,” the actual agenda is to kill unions and give workers the “right” to work for low wages under oppressive conditions. Much to my surprise, Republicans—who have long been in the vanguard of “right-to-work”—joined […] The post...

[unable to retrieve full-text content] – by New Deal democrat It’s that time of month again for my favorite indicator for the consumption side of the economy: retail sales have been tracked for over 75 years. When they are lower YoY, that has historically been a good (not perfect) indicator that a recession is near. That’s because that same 75-year […] The post January retail sales: once or so a year, it lays an egg. This was one time appeared first on Angry Bear.

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Consider the introduction of new, advanced machinery into a capitalist economy. This will raise productivity and be good for the population as a whole. It will displace workers, at least temporarily, who were previously making the product of the machine with handicraft production or now obsolete machines with lower productivity. But the production of the machines requires workers too. So, ignoring short-run frictions, will the workers not remain as well off? David Ricardo believed...

[unable to retrieve full-text content]and How USAID Helped Us Defeat the Iraqi Insurgency, The Bulwark Its projects reinforced our military efforts, and served American interests while saving and improving lives. The story . . . Many senior military officials are fans of the USAID like I am. Anyone who actually knows what that agency does, or who has seen […] The post Defeating the Iraqi Insurgency appeared first on Angry Bear.

[unable to retrieve full-text content]Gold demand has outstripped supply for years, yet prices remained stagnant until recently. Economist Michael Hudson explains that the gold market is not a typical commodity market—it is politically controlled to sustain confidence in the U.S. dollar. Since 1971, when the U.S. abandoned the gold standard, central banks have been forced to hold reserves in U.S. Treasury securities instead of gold. This system allows the U.S. to fund its deficits...