ECONOMY

The Problem of Over Commercialization and Privatization of the National Parks

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By Glynn Wilson – YELLOWSTONE NATIONAL PARK, Wyo. – The snow was coming down pretty hard October 5 when we pulled into the Old Faithful Geyser compound, grand central station in the world’s first national park. That’s where private concessionaires Delaware North and Xantara operate the Old Faithful Inn and Lodge, a general store and…

One Big Unfinished Bill Clinton Promise Hillary Should Embrace

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Bar corporations from deducting all executive pay in excess of $1 million – By Robert Reich – What can be done to deter pharmaceutical companies from jacking up prices of critical drugs? To prevent Wall Street banks from excessive gambling? To nudge CEOs into taking a longer-term view? To restrain runaway CEO pay? Answer to…

Labor Day Pains: No ‘Golden Age’ for Public Service

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The Big Picture – By Glynn Wilson – What’s the point of celebrating Labor Day anymore? Like many things these days, people have forgotten the history and do not appreciate it beyond the day off to eat barbecue and jump in the water. There’s not much in the way of news to report about Amerian…

Demonstrations Planned Against Offshore Oil Leases in New Orleans

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EDITOR’S NOTE – For info about a free roundtrip bus on Saturday from Mobile to this demonstration go to the Facebook event page for Gulf Coast Interdependence Day. You can sign up as a volunteer and RSVP to attend and find out details about the bus and other matters. The free bus will leave from…

The Case for a Tax on Wall Street Trades

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By Robert Reich – One of Bernie Sanders’s most important proposals didn’t receive enough attention and should become a law even without a president Sanders. Hillary Clinton should adopt it for her campaign. It’s a tax on financial transactions. Putting a small tax on financial transactions would: 1. Reduce incentives for high speed trading, insider…

Trump Knocks One Out of the Park in Cleveland

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It was a doozy of a speech, full of iffy facts and false promises. But they loved it… By Glynn Wilson – While many of my liberal and progressive Democrat friends say on Facebook they could not watch Donald Trump’s acceptance speech at the Republican convention Thursday night, or if they did, they called it…

Trump Could Be the Next Herbert Hoover

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By John L. Micek – One of them is a free trade-wary millionaire and political neophyte who locked up the Republican presidential nomination with promises to make America great and get the economy firing on all cylinders. The other is Donald Trump. As he’s insulted, ranted and bullied his way through the 2016 primary season,…

How to Reverse the Widening Wealth Gap in America

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By Robert Reich – Wealth inequality is even more of a problem than income inequality. That’s because you have to have enough savings from income to begin to accumulate wealth – buying a house or investing in stocks and bonds, or saving up to send a child to college. But many Americans have almost no…

Bernie’s Proposals Would Spur Economic Growth

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By Robert Reich – A few days ago, Neel Kashkari – now president of the Federal Reserve Bank in Minneapolis, who was the senior Treasury Department official in the George W. Bush and Obama administrations helping to save the big Wall Street banks – said “I believe the biggest banks are still too big to…

The Most Pragmatic Way to Fix American Democracy

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By Robert Reich – The Democratic contest has repeatedly been characterized as a choice between Hillary Clinton’s “pragmatism” and Bernie Sanders’s “idealism” – with the not-so-subtle message that realists choose pragmatism over idealism. But this way of framing the choice ignores the biggest reality of all: the unprecedented, and increasing, concentration of income, wealth and…

State Sponsor of Terrorism Iran Orders 114 Planes From Airbus

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Will they build them in Mobile? How will state and local officials and the local media respond? – By Glynn Wilson – MOBILE, Ala. — When Alabama officials celebrated the news that Airbus would open a plant to build planes and provide jobs here, little did they know one of the biggest customers would turn…

The U.S. Could Learn From Vietnam’s ‘One For All’ Not ‘All For One’ Philosophy

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Jim Rhodes – Income inequality, raising the minimum wage, an unfair tax structure, gender based wages, corporate outsourcing to avoid taxes and adequately compensating workers has provided Bernie Sanders with issues that resonate with the working poor, students, veterans, and a cross section of Americans excluded by the corporate elite that now control Washington. Mainstream…

‘The Big Short’ and Bernie’s Plan to Bust Up Wall Street

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By Robert Reich – If you haven’t yet seen “The Big Short” – directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — I recommend you do so. Not only is the movie an enjoyable (if that’s the…

The Economy in 2016: On the Edge of Recession

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By Robert Reich – Economic forecasters exist to make astrologers look good, but I’ll hazard a guess. I expect the U.S. economy to sputter in 2016. That’s because the economy faces a deep structural problem: not enough demand for all the goods and services it’s capable of producing. American consumers account for almost 70 percent…

At Stake in 2016: Ending the Vicious Cycle of Wealth and Power

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By Robert Reich – What’s at stake this election year? Let me put as directly as I can. America has succumbed to a vicious cycle in which great wealth translates into political power, which generates even more wealth, and even more power. This spiral is most apparent is declining tax rates on corporations and on…

Wind Power Continues Steady Growth Across the U.S.

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By Jeff Brady – The U.S. wind power industry is celebrating after reaching a new milestone in November: 70 gigawatts (GW) of generating capacity. “That’s enough to power about 19 million homes,” says Michael Goggin, senior director of research at the American Wind Energy Association (AWEA). There are more than 50,000 wind turbines operating across…