BillMoyers: TheGreatAmericanClassWar, PlutocracyVersusDemocracy http://feedly.com/k/1jVQEPD ByBillMoyers, hostoftheweeklypublictelevision series Moyers & Companyandwinnerofnumerousawardsoverhis 40 yearsin broadcast journalism. He deliveredtheseremarks (slightlyadaptedhere) attheannualLegacyAwardsdinneroftheBrennanCenterforJustice, a non-partisanpublicpolicyinstitutein New YorkCitythatfocusesonvotingrights, moneyinpolitics, equaljustice, andother seminal issuesofdemocracy. OriginallypublishedatTomDispatch I met Supreme Court Justice William Brennan in 1987 when I was creating a series for public television called InSearchoftheConstitution, celebrating the bicentennial of our founding document. By then, he had served on the court longer than … Seguir leyendo Bill Moyers: The Great American Class War, Plutocracy Versus Democracy

ProducerOfPhysical "Casascius" BitcoinsIsBeingTargetedByTheFeds http://feedly.com/k/19GQdkP SubmittedbyMichaelKriegerofLibertyBlitzkriegblog, Meet Mike Caldwell. He is the maker of what seems to be themost popular physicalbitcoinsonthemarket, theCasasciuscoin. All Mr. Caldwell does is have people who want the coins produced send him a certain quantity of bitcoin and then for a $50 fee he puts the private key on a physical coin and sends them back. For this horrible crime of ingenuity … Seguir leyendo Producer Of Physical “Casascius” Bitcoins Is Being Targeted By The Feds

Euro startingtoweighoncorporateprofitability http://feedly.com/k/1eaehnx Bloomberg has a goodstory this morning on how a strong euro is now forcing automakers such as Peugeot and Fiat to cut their year-end profit targets. Nothing is ever easy is it? European growth improves and now a strong euro might kick things into reverse. The ECB should take note. Europe is becoming Japan and the periphery is paying the price (deflation) … Seguir leyendo Euro starting to weigh on corporate profitability

TheIMFWantsYouToPay 71% IncomeTax http://feedly.com/k/1jV6Kt4 SubmittedbySimonBlackofSovereignManblog, TheIMFjustdroppedanotherbombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”. The IMF’s team of monkeys has been working around the clock on this one, figuring that developed nations can increase their overall … Seguir leyendo The IMF Wants You To Pay 71% Income Tax

RaisingtheMinimumWage: OldShibboleths, New Evidence http://feedly.com/k/1h5qAiK The evidence is clear that a higher minimum wage would reduce poverty, increase consumer spending and have scant impact on employment, an economist writes. shared via http://feedly.com Seguir leyendo Raising the Minimum Wage: Old Shibboleths, New Evidence

Global HousePriceIndex Surges ToRecordHigh http://feedly.com/k/19kJ7WE With home prices in the UKdrivingpeopletoliveinboxes and BobShillerworriedabouttheUS, Bloomberg’s Niraj Shah notes that the Knight Frank global house price index has risen to a record. The index, now 4% abovetheprevioushighin Q3 2008 isledby China andEmergingNations (with Europe weakest) as investor speculation amid central bank liquidity fuels yet another bubble (that no one could see coming again). ViaBloomberg’sNirajShah (@economistniraj), RecordHighfor Global … Seguir leyendo Global House Price Index Surges To Record High

Fact, Fiction, And 11 BitcoinMyths http://feedly.com/k/1fn9wnX Haters gonna hate, but the “Bitcoinbubble” meme has become the financial equivalent of a viral online cat video – wildly popular but pretty vacuous. In an effort to separate fact from fiction, ConvergEx’s Nick Colas reviews 11 bitcoinmyths (anddispelsthem). Still, there’s no doubtthatthepublicisentranced: there are now 3x more Google searches for “bitcoin” than “Western Union”, and 33x more than … Seguir leyendo Fact, Fiction, And 11 Bitcoin Myths

LivingIn A SteelBox: LondonersLiveInShippingContainersDueToSoaringRents http://feedly.com/k/1fn9dtg With even Bank of England head Mark Carney admitting UK housing prices may be a little bubbley (and affordability plumbing new depths), RTreportsthat a hostel in east London has come up with the ingenious idea, to try and solve homelessness amid soaring rents in the British capital, of converting a shippingcontainerfrom China into a tinylowcosthome for hard up and desperate … Seguir leyendo Living In A Steel Box: Londoners Live In Shipping Containers Due To Soaring Rents

America’sDescentintoThirdWorldStatus: Tropical DiseasesRiseAmongPoor http://feedly.com/k/IR1rfr To the extent that middle class and more affluent people think about poverty in America, they likely have blurry, partial images due to distance and lack of direct experience. Their remedies might include better education and training, higher minimum wages, more affordable housing. New Scientist thinks otherwise. Its headline for a blistering editorial: WanttofixUSinequality? Beginwithwormingtablets. Reader Francois T, who is a … Seguir leyendo America’s Descent into Third World Status: Tropical Diseases Rise Among Poor