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Political Economy

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This group discusses politics and policy though an economics lense.
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A worker in Florida applied to 60 entry-level jobs in September and got one interview

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A worker in Florida applied to 60 entry-level jobs in September and got one interview

Joey Holz, whose experiment went viral, told Insider he specifically applied to businesses that were publicly complaining of a worker shortage.

https://www.businessinsider.com/worker-applied-to-60-jobs-got-one-interview-labor-shortage-2021-10

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Why does a democratic republic founded in opposition to monarchy tolerate billionaires?

Why does a democratic republic founded in opposition to monarchy tolerate billionaires?

In Thursday's post, I imagined a world in which conservatives placed equality at the center of their sensibilities. It was fun, though hardly realistic. As one reader said, conservatives never do that. If they did, they'd be liberals. But the goal of the exercise was less practical than imaginative....

https://www.alternet.org/2021/10/billionaires-and-democracy/

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The wealthiest 10% of Americans own a record 89% of all U.S. stocks

The wealthiest 10% of Americans own a record 89% of all U.S. stocks

The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html

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Francisco Lopez

2 weeks ago

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Susan Collins Delivers Mitch McConnell's Debt Ceiling Ransom Note

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Susan Collins Delivers Mitch McConnell's Debt Ceiling Ransom Note

In the game of tennis, there is a concept called unforced errors.  Basically it is when you do things to yourself that keep you from beating your opponent.

https://dailysoundandfury.com/susan-collins-delivers-mitch-mcconnells-debt-ceiling-ransom-note/

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Francisco Lopez

3 weeks ago

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'Biggest peddler of financial secrecy': US denounced after Pandora Papers leak

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'Biggest peddler of financial secrecy': US denounced after Pandora Papers leak

The leak of an enormous trove of tax haven files over the weekend offered a further glimpse into the secretive world of offshore finance—a system facilitated by the U.S. and other rich nations—and prompted calls for immediate changes to global rules that let the powerful hide their wealth, skirt the...

https://www.alternet.org/2021/10/pandora-papers/

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Francisco Lopez

3 weeks ago

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PANDORA PAPERS

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Pandora Papers: Video & Major Stories From Our Partners

Watch a video from FRONTLINE on the Pandora Papers, exposing how U.S. trusts are sheltering millions in assets, and read the latest from our ICIJ partners.

https://www.pbs.org/wgbh/frontline/article/pandora-papers-video-news-icij/

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Francisco Lopez

3 weeks ago

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Krugman calls out Manchin for his bogus fears and claims of runaway inflation

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Krugman calls out Manchin for his bogus fears and claims of runaway inflation

…Dixiecrat Joe Manchin put out a bullshit statement to try to justify his opposition to the reconciliation bill. I wrote my own comments from some obvious ob

https://dailysoundandfury.com/krugman-calls-out-manchin-for-his-bogus-fears-and-claims-of-runaway-inflation/

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Francisco Lopez

4 weeks ago

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Angela Merkel governed Germany to the left of Bernie Sanders — so why don't Americans know?

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Angela Merkel governed Germany to the left of Bernie Sanders — so why don't Americans know?

The headline at Fox "News" blares: "German Elections: Big Setback for Merkel's Conservatives as Center-Left Party Comes Out on Top." In a single sentence, it summarizes everything wrong with how American media and the American public understand what "conservative" means.In America, conservatives don...

https://www.alternet.org/2021/09/angela-merkel-politics/

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Francisco Lopez

4 weeks ago

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Democrats back off debt fight to stop shutdown

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Democrats back off debt fight to stop shutdown

Unlinking the two issues will help the majority party prevent a government funding lapse this week. But Democratic leaders are still scrambling for a plan to head off a U.S. debt default.

https://www.politico.com/news/2021/09/28/democrats-debt-limit-shutdown-514590

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