Economic Update: Economic Realities

2014 1017 eco sw(Image: Economy and finance via Shutterstock)This episode analyzes the implications of Walmart shifting medical insurance costs onto US taxpayers, the Pew report on payday loans – interest rates on which average an annualized 650 percent – US child poverty, the Obama administration’s support for Amazon against workers, profits and death from opioids. Topics of major discussion include the medical-industrial complex, the manufacturing “renaissance” fantasy, “socialism’s” different meanings and the remarkable economics of the US securities industry.

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