Yves here. While itmay seem far afield of normal NC fare, I thought this post on the Junior Reserve Officers Training Corp was worth highlighting for several reasons. One is, as you’ll see, the way that the well-funded armed services are managing to suck funds out of already-struggling inner city school budgets. Second is that […]
Read more...As in so many Western countries these days, the social, political and economic landscapes in Spain are shifting at a startling rate. In the last two weeks alone the Rajoy government has announced one draft law and passed another that threaten to radically redraw the country’s system of law and order.
Read more...I doubt that I’m unusual in being a finance type who has heard about 401 (k) abuses and bad practices for a very long time. So it’s gratifying to see the Financial Times that something is finally being done to try to curb this behavior. But that is hardly the full extent of what is rotten in retirement fund land.
Read more...By a regular reader of Naked Capitalism who has asked to remain anonymous
A few days after surgery I got Tourette’s syndrome.
Read more...Yves here. This Real News Network segment provides an overview of the budget deal, cutting through the hype to lay bare its impact on ordinary Americans. It’s not a pretty picture.
Read more...I’ve been fascinated lately with the meaning of the terms “liberal” and “progressive.” It’s clear that what we now call “liberalism” is really a variant, a side branch of the real thing, and should be more properly named “FDR liberalism” or “social liberalism.”
Read more...Get a cup of coffee while you settle down to watch this video of Nancy Fraser discussing the crisis as a joint problem of ecological, financial, and social systems.
Read more...Why “insurance” for existing conditions is a bit of a misnomer, and why that matters in terms of health care policy.
Read more...It may seem a bit de trop to take on a Paul Krugman blog post yet again, but the reason for focusing on his post yesterday on the TransPacific Partnership is less for its substance and more as a political zeitgeist indicator.
Read more...Yves here. This post looks at the strictures of the Eurozone (debt to GDP and deficit limits) and not surprisingly concludes that the supposedly independent ECB is making matters worse that a more “political,” as in growth oriented one, would. But depicting central bank independence as detrimental is a novel and important argument.
Read more...Moyers describes how the social contract in America is being dismantled in order to further enrich what he calls a “mercenary class”.
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