Truthout
Economy
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Taking a Bite Out of Overtime Abuse
Like other chronic overtime abusers, such as lucrative television production companies and Verizon with its fat franchise agreements, UPS does it because it can.
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Inflation Hawks: The Job Killers at the Fed
Many in the financial industry couldn't care less about unemployment. They don't want to risk any inflation that could erode the value of their wealth.
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The United States Has Excelled in Illegal Goods and Smuggling People Since Its Founding
“Smuggler Nation” takes on the notion that the United States has been strictly a law-abiding nation when it comes to imports.
Economists Call on Congress to Mitigate Fallout from Ruling on Argentine Debt
Over 100 economists, including Nobel laureate Robert Solow, Branko Milanovic and Dani Rodrik called on Congress today to take action to mitigate the harmful fallout from the recent ruling …
Job Growth Slows in July
Wage growth slowed slightly in the last quarter to 1.8 percent from 2.0 percent in the last year.
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Anti-Politics and the 1%
Anti-politics rejects the electoral-representative institutions of contemporary democracies. There are two opposite forms of anti-politics, one striving toward a technocracy controlled by oligarchies and corporations, and one striving toward …
Economic Update: Civil Disobedience and Occupying Restaurants
Updates on fast food workers, GDP data, Salt Lake City dailies and bathroom breaks. Wolff interviews mental health counselor Harriet Fraad. Replies on FDR vs. Obama and on how …
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The Empire Economy Does Not Serve the Economy or People
As the lifecycle of empire wanes, rather than being a benefit to the home country, sustaining empire becomes more expensive than it is worth.
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Inflation Mythology
The answer is that inflation paranoia isn't a simple misunderstanding that can be corrected by pointing to evidence.
You Can’t Taper a Ponzi Scheme: Time to Reboot
Despite the Dodd-Frank Act, the derivatives pyramid has continued to explode to a notional value now estimated to be as high as $2 quadrillion.