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Matt Stoller: Who Wants Keep the War on Drugs Going AND Put You in Debtor’s Prison? « naked capitalism

Matt Stoller is a current fellow at the Roosevelt Institute.  His Twitter feed is @matthewstoller. More than a third of all states allow debtors “who can’t or won’t pay their debts” to be jailed.  In 2010, according to the Wall Street Journal, judges have issued 5,000 such warrants.  What is behind the increased pressure to incarcerate … Continue reading

The Unemployment Crisis Is Looking More Structural Every Day – Megan McArdle – Business – The Atlantic

The political debate in America has become almost overwhelmed by the merits or faults of Obamacare and the long run challenges of Americas entitlement system. As big of an issue as these are in the political realm, another, at least as large, issue looms in the economic policy realm. That is, whether our currently elevated … Continue reading

Climate of Denial | Rolling Stone Politics

The first time I remember hearing the question “is it real?” was when I went as a young boy to see a traveling show put on by “professional wrestlers” one summer evening in the gym of the Forks River Elementary School in Elmwood, Tennessee.The evidence that it was real was palpable: “Theyre really hurting each … Continue reading

The UK Is Preparing To Return To “Glass-Steagall” | zero hedge

In a very surprising move, the AP reports that the UK finance minister George Osborne has announced a major overhaul of British banks, the key provision of which will be the separation of bank retail and investment business “in order to help avoid another financial crisis” – an act which is in essence a reintroduction … Continue reading

Demand Versus Desire | The Daily Capitalist

I started laughing when I read an Investors Business Daily editorial today.  Please note the ending quote from this excerpt: Along with expected gains in consumer and business spending, the weak dollar should fuel exports, said Gus Faucher, a macroeconomist at Moody’s Economy.com, which sees second-half growth of 4%. However, the U.S. has topped 3.7% GDP … Continue reading

Economist’s View: Deficits More Than Pay for Themselves

despite a host of Republican economists telling them otherwise, Republican policymakers can’t resist arguing that tax cuts pay for themselves. That’s the old voodoo economics. via Economist’s View: Deficits More Than Pay for Themselves.

NationalJournal.com – Upside Down – Friday, June 10, 2011

    Students now finishing their schooling—the class of 2011—are confronting a youth unemployment rate above 17 percent. The problem is compounding itself as those collecting high school or college degrees jostle for jobs with recent graduates still lacking steady work. “The biggest problem they face is, they are still competing with the class of … Continue reading

House Republicans Look To Privatize Social Security | TPMDC

    Republican leaders left Social Security untouched in their House budget this year, but a group of GOP lawmakers are looking to fill the gap themselves with legislation that would create a voluntary privatized version of the program. Introduced by Rep. Pete Sessions (R-TX), who also chairs the House’s campaign efforts at the NRCC, … Continue reading

Controversial McKinsey Health Care Study Creates Major Dissent At Firm | TPMDC

    The political damage to President Obamas health care law may already be done. But theres a curious backstory to the report this week from a major consulting firm study that found “ObamaCare” would lead to fairly dramatic unintended consequences.The consulting firm McKinsey & Company was thrust into the political spotlight Tuesday after it … Continue reading

Sarah Palin Emails Released By Alaska Government LIVE UPDATES

          Sarah Palin Emails Released By Alaska Government LIVE UPDATES.