Economy

How Can We Break the Cycle of Higher Tuition and More Student Debt?

Posted by on February 19, 2013 in Economy with 2 Comments
How Can We Break the Cycle of Higher Tuition and More Student Debt?

Many college students face repaying a mountain of debt upon graduating, and many college graduates end up working jobs that don’t require a degree. Prof. Daniel Lin argues that government subsidies are to blame for the continually rising costs of higher education

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China Eclipses U.S. as Biggest Trading Nation

Posted by on February 10, 2013 in Economy with 1 Comment
China Eclipses U.S. as Biggest Trading Nation

China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.

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Cancerous Capitalism and How to Cure It (Interview with John McMurtry)

Posted by on February 5, 2013 in Economy with 2 Comments
Cancerous Capitalism and How to Cure It (Interview with John McMurtry)

Abby Martin talks to John McMurtry, University of Guelph professor and author of ‘The Cancer Stage of Capitalism’, about Capitalism as the source of social inequality and the root cause of most social ills.

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Why We Cannot Print/Borrow/Spend Our Way to Prosperity

Posted by on January 31, 2013 in Economy with 0 Comments
Why We Cannot Print/Borrow/Spend Our Way to Prosperity

The Keynesian belief that the government can print/ borrow and spend enough money to trigger self-sustaining prosperity is a nonsensical, magical-thinking Cargo Cult. Ballooning government deficit spending and debt has a negative effect on private GDP, money supply, money velocity and wages.

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Iceland President: Let the Banks Go Bankrupt… “Why do we consider banks … holy churches?”

Posted by on January 27, 2013 in Economy with 5 Comments
Iceland President: Let the Banks Go Bankrupt… “Why do we consider banks … holy churches?”

“Why do we consider banks to be like holy churches?” is the rhetorical question that Iceland’s President Olafur Ragnar Grimson asks (and answers). Grimson explains why his nation is growing strongly, why unemployment is negligible, and how they moved from the world’s poster-child for banking crisis 5 years ago to a thriving nation once again.

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Annual Income of 100 Richest People Enough to End Extreme Global Poverty Four Times Over

Posted by on January 19, 2013 in Economy with 2 Comments
Annual Income of 100 Richest People Enough to End Extreme Global Poverty Four Times Over

“Concentration of resources in the hands of the top one per cent depresses economic activity and makes life harder for everyone else – particularly those at the bottom of the economic ladder.

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Lynne Twist: The Soul Of Money (Must See Brilliant Interview With Lilou Mace)

Posted by on January 13, 2013 in Conscious Business, Conscious Living with 1 Comment
Lynne Twist: The Soul Of Money (Must See Brilliant Interview With Lilou Mace)

Lynne Twist, author of The Soul of Money: Reclaiming the Wealth of Our Inner Resources, is interviewed by Lilou Mace. This video is a must see for anybody who wants to improve their relationship with money.

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How Fiscal Cliff Deal Cost Us Trillions

Posted by on January 7, 2013 in Economy with 1 Comment
How Fiscal Cliff Deal Cost Us Trillions

The fiscal cliff deal approved by Congress will increase deficits over the next decade by close to $4 trillion, according to the Congressional Budget Office. That estimate is relative to a benchmark where all the Bush tax cuts expire and the the fiscal cliff stays in place. Technically, that’s what would happen if Congress had done nothing to avert the cliff.

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8 Huge Corporate Handouts in the Fiscal Cliff Bill

Posted by on January 6, 2013 in Economy, Politics with 0 Comments
8 Huge Corporate Handouts in the Fiscal Cliff Bill

Most tax credits drop straight to the bottom line – it’s why companies like Enron considered its tax compliance section a “profit center”. A few hundred billion dollars of tax expenditures is a major carrot to offer. Surely, a modest hike in income taxes for people who make more than $400k in income and stupid enough not to take that money in capital gain would be worth trading off for the few hundred billion dollars in corporate pork. This is what the fiscal cliff is about – who gets the money. And by leaving out the corporate sector, nearly anyone who talks about this debate is leaving out a key negotiating partner.

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Chris Hedges Explains How Entire Regions Within the US Are Treated Like Exploited Colonies

Posted by on January 6, 2013 in Economy with 8 Comments
Chris Hedges Explains How Entire Regions Within the US Are Treated Like Exploited Colonies

In Chapter One of your new book, Days of Destruction, Days of Revolt, you describe the horrendous conditions endured by the Native American population living in Pine Ridge, South Dakota. This population earns, on average, anywhere from $2,600-$3,500 a year, with 49% of the total population living in official poverty status. However in a broad sense, and to inject a historical context, you describe the systematic destruction of Native culture and society; namely, through the practices of physical termination and cultural genocide. Can you talk about why you began this journey in South Dakota and the importance of recognizing previous national injustices?

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60 Facts That Prove The American Middle Class is Being Wiped Out

Posted by on January 6, 2013 in Economy with 0 Comments
60 Facts That Prove The American Middle Class is Being Wiped Out

The middle class in the United States is being systematically destroyed, and nobody is doing much of anything to stop it. Our incomes are shrinking, our share of the income pie is at an all-time low, our jobs are being sent overseas, debt burdens have soared to unprecedented heights and millions of formerly middle class Americans have fallen into poverty.

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Ben Swann Reality Check: The Ugly Truth of the Fiscal Cliff Deal

Posted by on January 4, 2013 in Economy with 2 Comments
Ben Swann Reality Check: The Ugly Truth of the Fiscal Cliff Deal

The fiscal cliff drama was nothing more than political theater with the same end result: government raised taxes on those whom they promised not to raise taxes, while making no real cuts and is spending more money than ever. The fiscal cliff bill actually increases spending by $4 trillion dollars over the next decade.

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Fiscal False Flag (Fiscal Cliff), Space Oil, Healthy Trends – New World Next Week

Posted by on January 3, 2013 in Economy with 0 Comments
Fiscal False Flag (Fiscal Cliff), Space Oil, Healthy Trends – New World Next Week

James Corbett (Corbett Report) and James Evan Pilato (Media Monarchy) cover Congress’s manufactured non-solution to its manufactured fiscal cliff crisis; a mega-oil field was discovered 1,300 Light Years Away; and 2013 Food Trend – A Healthy State of Mind!

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Fiscal Cliff Deal Brings No Relief To Struggling Americans

Posted by on January 2, 2013 in Economy with 0 Comments
Fiscal Cliff Deal Brings No Relief To Struggling Americans

The U.S. House of Representatives approved a controversial fiscal bill. In the long run, this bill won’t make life any easier for millions of struggling Americans.

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2013: The Space Between Stories

Posted by on January 1, 2013 in Economy with 1 Comment
2013: The Space Between Stories

I wish I could tell you that I am ready for a new Story of the People, but even though I am among its many weavers, I cannot yet fully inhabit the new vestments. In other words, describing the world that could be, something inside me doubts, rejects, and underneath the doubt is a hurting thing. The breakdown of the old story is kind of a healing process, that uncovers the old wounds hidden under its fabric and exposes them to the healing light of awareness. I am sure many people reading this have gone through such a time, when the cloaking illusions fell away: all the old justifications, rationalizations, all the old stories. Events like Sandy Hook help to initiate the very same process on a collective level. So also the superstorms, the economic crisis, political meltdowns… in one way or another, the obsolescence of our old mythos is laid bare.

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