And for most Americans, not for the better. The GOP tax bill has turned into something far larger and more sinister than a tax cut for corporations and wealthy people, although taxing the middle class to subsidize the GOP’s campaign donors remains one of its foremost objectives. But beyond th[...]
Posts Tagged ‘Economics’
November 28th, 2017 - 9:38 pm § in Politics
Tax bill update
Although several GOP Senate votes are still in play, most of these Senators want to make the tax bill even worse than it already is, so this may not be too steep a hill for McConnell (the GOP Senate majority leader) to climb. Plus, Republicans are desperate to pass something, anything, to make it lo[...]
June 15th, 2017 - 1:28 am § in Environment
Castro on Globalization
“After the last worldwide bloodbath in the forties, we were promised a world of peace, we were promised that the gap between rich and poor would be closed, and that the more developed would help the less developed. All that was a huge lie. A world order was imposed on us that cannot be justifi[...]
April 28th, 2017 - 10:08 am § in Foreign Affairs
Workers Strike Against Conservative Government
Brazil crippled by general strike RIO DE JANEIRO, April 28 (Xinhua) — Brazil’s transportation, schools and businesses were brought to a halt on Friday as Brazilian unions launched a full-scale strike nationwide to protest President Michel Temer’s social security and labor reforms. [...]
March 2nd, 2017 - 1:27 am § in Misc.
How to manufacture jobs
In a forward-thinking way, shall we look at what the incoming Administration can do about what appears to be issue #1, jobs? Among the major issues are skills and also areas for jobs that cannot be exported. A problem is with industrial drill press operators, secretaries, etc., who don’t have [...]
November 19th, 2016 - 1:20 am § in Misc.
The Bigger Threat to Labor: ROBOTS
Foxconn has deployed 40,000 robots in its factories in mainland China as it aims to reduce the number of workers at its plants creating digital devices. Dai Chia-peng, general manager of the automation technology development committee of Foxconn, said during an interview with local Chinese media tha[...]
November 17th, 2016 - 10:56 am § in Misc.
David Brewster This story on Europe’s innovation zones is a good illustration of how sophisticated Jeff Bezos’ Washington Post is becoming in graphics. It also maps Europe’s economy and makes an interesting point about how Germany, with relatively low college graduates, is nonethel[...]
Capitalism is NOT Trumpism
David Brewster Lawrence Summers on what’s profoundly disturbing about Trump’s Carrier deal, signaling deals-based capitalism. It reminds me of the stadium wars, where sports teams threaten to move (as to Mexico or China) and are rewarded handsomely for staying put (until the next round).[...]