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Researchers reveal U’s painful past with Minnesota’s Indigenous people

The civilized American peoples were here long before the colonists arrived from other countries. This is the story of some discovering their past in what was called America after the arrival of the new people. Researchers reveal U’s painful past with Minnesota’s Indigenous people, MPR News, Dan Kraker and Melissa Olson. A massive new report details the University of Minnesota’s long history of mistreating the state’s Native people and lays out...

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Summers: Super Core inflation measure not decelerating

So now he’s going to tell the Biden people to keep increasing the rates… Summers wants to demonstrate that Monetarism works and re-establish Monetarisms dominance after 15 years of ZIRP which resulted in no Art Degree “inflation!” …. This over any other real economic or Democrat political objective... Democrat left AWOL on this except maybe Pocahontas…iow if they think their "inflation" comes down but there is no commensurate recession after all of these extreme unprecendented rate increases...

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Consumer inflation is about 3.0% YoY. The economy has experienced Deflation since last June

Properly measured, consumer inflation is only about 3.0% YoY, and the economy has experience Deflation since last June  – by New Deal democrat One month ago, I “officially” took the position that inflation had been conquered, and that, properly measured, the economy had actually been experiencing deflation since last June. This morning’s report only confirmed that position. The primary reason, as I have been pounding on for almost 18 months,...

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Drug Overdose Death Rates in the US

This post is more of a copy and paste. If you read the sections and then the original piece, you will see I have changed some of the wording to accommodate the post itself. For example, the charts appear to the right of the wording rather than above. For the longest time, I could not find graphs breaking out the numbers of deaths due to opioids until I happened upon the Senate’s Joint Economic Committee (JEC) report. This report by the NIDA...

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Normative multiculturalism and the paradox of tolerance

Normative multiculturalism and the paradox of tolerance Culture, identity, ethnicity, gender, and religiosity should never be accepted as a basis for intolerance in political and civic aspects. In a modern democratic society, people belonging to these different groups must be able to rely on society to protect them against the abuses of intolerance. All citizens must have the freedom and right to question and leave their own group. Against those who do not...

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Wall Street, venture capital drive high drug prices

And undermine public health in the process I ran across Merrill at the Washington Monthly writing about Healthcare. This particular article is on the mark in terms of what is occurring in pharmaceutical healthcare today. Kip, Merrill, and I are all hitting similar notes with regard to healthcare and other issues impacting it. Some such as Kip and Merrill more so on the details than I. The costs and prices of Pharma are overstated by the industry....

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James K. Galbraith — The Gift of Sanctions–An Analysis of Assessments of the Russian Economy, 2022 – 2023

Most assessments of the effectiveness of sanctions on Russia, with some exceptions, hold them to have been highly effective. My new INET Working Paper analyzes a few prominent Western assessments, both official and private, of the effect of sanctions on the Russian economy and war effort. It seeks to understand the goals of sanctions and bases of fact and causal inference that underpin the consensus view. Such understanding may then help to clarify the relationship between claims made by...

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William Mitchell — US labour market defies the Federal Reserve and continues to improve

Last Friday (April 7, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2023 – which revealed continuing employment growth and rising participation with unemployment falling modestly. A good confluence of events. We have been looking for a turning point in the US labour market after several months of interest rate increases. But it hasn’t come yet. Indeed, it is going in the opposite direction to that envisaged by...

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