Yves here. We’ve been pointing out since virtually the inception of this website, that for many and perhaps most companies, the case for outsourcing and offshoring was weak, particularly if you took risks seriously, assuming the goal was profit. However, the most important effect of moving important activities to areas where labor is cheaper is […]
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President Donald Trump’s warning this week against putting “the wrong person in office” has already come back to haunt him in the form of two attack ads. “You put the wrong person in office, you’ll see things that you would not have believed are possible,” Trump cautioned about the economy at the “Spirit of America” […]
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By Thomas Neuburger. Produced by DownWithTyranny! Thanks to Trump’s mismanagement of the Covid-19 outbreak, the U.S. is on the verge of becoming the Typhoid Mary of major industrial nations Donald Trump’s resignation is a topic on many lips these days. Chris Hayes, in a dramatic moment at MSNBC, called for Trump’s to resign over his […]
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By Jeff Mason WASHINGTON (Reuters) – President Donald Trump will begin his July Fourth celebrations with a trip to Mount Rushmore on Friday despite concerns about gathering a large crowd during the novel coronavirus pandemic and criticism from Native Americans about the visit. Trump will view a fireworks display with thousands of people at the […]
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As coronavirus cases soared this week in a number of states—not a few of them red—a handful of GOP leaders and right-wing pundits had a desperate message for conservatives: Wear a mask, please. Mike Pence now wears a mask; Arizona Governor Doug Ducey, who had previously blocked local governments from requiring masks, now calls them […]
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Yves here. You could see the plan to let drug companies feed at the coronavirus trough a mile away with the hyping and now US stockpiling of remdesivir. More is sure to come. BTW, Common Dreams has a mini-fundraiser on. If you are feeling a bit flush, please consider donating. By Jake Johnson, staff writer, […]
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Yves here. You have to read a fair bit into the post to encounter a bombshell: an analysis that finds that charter school economics have a lot in common with Enron By Jeff Bryant, a writing fellow and chief correspondent for Our Schools, a project of the Independent Media Institute. He is a communications consultant, […]
Read MoreLeBron James was mad and frustrated by the sight of voters in Georgia counties who were waiting upward of five hours to cast their ballots in the state primary last month. In firing off a tweet that attacked the structural racism of voter suppression, it also created an opportunity for the NBA’s most impactful player […]
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This narrative has also been deployed repeatedly as a shield by Trump’s defenders, particularly since he took office. When the president said something offensive, they would note that the president was simply doing what he does best. Asked why the president suggested at a 2019 political rally that recently deceased former Democratic Congressman John Dingell […]
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Daily Show correspondent and Trump rally explorer Jordan Klepper was “curious and interested” in politics as a kid but didn’t get ensnared by the trap of it all until college and his days in the Chicago improv scene. He leveled up even further when he found himself in his present gig. That was the first […]
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Source: Owen Franken / Getty A month filled with traumatic videos of police violence, racist terrorism and relentless “Karens” is enough to lower any spirits of racial justice. However, with each loss comes a win as more people are contributing major money to Black causes and Black businesses. According to Politico, people donated $392 million […]
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HELSINKI — Finland’s Air Force Command has discreetly dropped its swastika logo as unit emblem — after a century — and replaced it with a neutral insignia featuring a golden eagle. The change — to avoid false and uncomfortable associations with Nazi Germany’s notorious logo — took place in January 2017 but wasn’t announced publicly […]
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By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday sent two Indiana abortion disputes back to lower courts including a fight over a restriction that would require women to undergo an ultrasound procedure at least 18 hours before terminating a pregnancy. The nine justices tossed lower court rulings that blocked two Republican-backed […]
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WASHINGTON — President Trump took a victory lap over new numbers showing the economy bounced back in June, even as a surge in new coronavirus cases is forcing states’ governors to reconsider their push to reopen their economies. Trump held a surprise White House press conference Thursday morning, taking the podium just over an hour […]
Read More WASHINGTON — President Trump took a victory lap over new numbers showing the economy bounced back in June, even as a surge in new coronavirus cases is forcing states’ governors to reconsider their push to reopen their economies. Trump held a surprise White House press conference Thursday morning, taking the podium just over an hour […]
Read MoreChen Ming-tong (L), Minister of Taiwan’s Mainland Affairs Council, and Katharine Chang, Chairwoman of Taiwan–Hong Kong Economic and Cultural Co-operation Council, unveil a sign during a launch ceremony of the Taiwan-Hong Kong Office for Exchange and Services in Taipei on July1, 2020. Sam Yeh / AFP Taiwan on Wednesday officially cut the ribbon on a […]
Read MoreChen Ming-tong (L), Minister of Taiwan’s Mainland Affairs Council, and Katharine Chang, Chairwoman of Taiwan–Hong Kong Economic and Cultural Co-operation Council, unveil a sign during a launch ceremony of the Taiwan-Hong Kong Office for Exchange and Services in Taipei on July1, 2020. Sam Yeh / AFP Taiwan on Wednesday officially cut the ribbon on a […]
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Several loved ones of military members slain last year in Afghanistan have called for an investigation, after reports surfaced that Taliban-linked fighters were motivated by a Russian military intelligence unit’s bounty on U.S. soldiers, while others slammed President Trump for possibly knowing about the matter for months and not doing anything. Marines Cpl. Robert A. […]
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Some Lincoln Project ads have focused on the perilous state of the economy and Trump’s failure to control the coronavirus, key pillars of Biden’s presidential campaign. But many others have taken a pettier approach. Recent ads have mocked the turnout for the president’s recent campaign rally in Tulsa, and suggested he was not physically well, […]
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Yves here. This article by Ed Kane addresses a long-standing pet peeve in the context of the coronacrisis: how credit is an inefficient way to encourage economic activity. Look at how student loans served almost entirely to foster higher educational adminisphere bloat and facilities gold-plating, while doing squat to improve the caliber of teaching. And […]
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Yves here. Boris Johnson’s paltry “New Deal” gimmick has been thumbs down outside his hard core fanbase. For instance: Forensic, understated, devastating from @BBCRealityCheck https://t.co/COoYGkChDO — Emma Dixon (@EmmaDixon_EU) July 1, 2020 Forensic, understated, devastating from @BBCRealityCheck https://t.co/COoYGkChDO — Emma Dixon (@EmmaDixon_EU) July 1, 2020 Johnson and Trump now share the same covid policy: Pretend […]
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The committee’s plan takes a blinkered view of what a holistic U.S. response to the crisis could look like. “In poor and fragile nations, these climate-driven shocks can also drive political instability and refugee movements. U.S. foreign policy and aid can help to address the global humanitarian threats of climate change before they become national […]
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Yves here. This Nathan Tankus post is a bit technical at points, but demonstrates a basic issue for fiat currency issuers like the Federal government: their spending is always the result of creating new money, even when other transactions like Treasury bond issuance appear to be responsible. By Nathan Tankus. Originally published at Notes on […]
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President Donald Trump tried to give himself a new nickname Tuesday on Twitter. In an all-caps tweet, he called himself “the lone warrior,” complete with an exclamation point on the end. One of his sons agreed: Eric Trump wrote on Twitter, “you truly are” but added, “it’s why America loves and appreciated you.” Trump’s “lone […]
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Source: Andy Cross/MediaNews Group/The Denver Post via Getty Images / Getty The family of Elijah McClain is calling out the Aurora police after a weekend of violence and photos that are shockingly insensitive, according to reports. According to CBS Denver, three Aurora cops are under investigation for snapping inappropriate photos during the memorial for McClain, […]
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Yves here. I trust readers will not devote energy to debating the author’s vigorous criticism of Trump. It is true that Trump has provided just about the worst leadership possible on Covid-19, and if he loses next fall, that will be the biggest reason why. However, public health is a state and local matter. So […]
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Yves here. Yanis Varoufakis meets the Lucy Kellaway test, of always having a clear and forcefully stated point of view, even if it might rub the listener the wrong way. Varoufakis makes some important observations about capitalism and the political impact of Covid-19, but one remark had me scratching my head. He claims corporate profits […]
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There is a “climate of terror around having children” among China’s oppressed Uighur Muslim minority, according to a horrifying Associated Press report published on Monday. Over the last four years, the government has spent hundreds of millions to suppress the birth rate of Uighurs and other Muslims. Men have been imprisoned for having too many […]
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In a seeming paradox, it is often the most flamboyantly patriotic Americans who appoint themselves guardians of a discredited rebel flag. A century and a half after the Union and Confederate flags were flown by armies at war, a certain kind of conservative thinks nothing of celebrating both symbols, sometimes even on the same hoodie. […]
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If there briefly seemed to be some interest among Democrats in unshackling campaigns from corporate contributions and other forms of big money, that sentiment has all but vanished in the lead-up to November’s general election. The Biden campaign has amassed a number of super PAC contributions and donations from the wealthy, including $2 million from […]
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Yves here. I left the original headline on this post because it would drive readers crazy and a better one would be very Daily-Mailish. However, the subhead gives a better idea of the focus of the piece: Reconstructing our tax system is an integral part of future national industrial policy as we restart the economy. […]
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