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Category: Economy

Sustainability Squared

by Polly Cleveland | Feb 7, 2014 | Economy

(Source: Mother Jones) How can the world attain a decent, sustainable lifestyle, one that doesn’t wreck our land, water, and air? In fact, we already have the necessary technology, technology that can create more and better jobs. Here are examples from farms, cities, and businesses. Back in 1985, economists Yujiro Hayami and Vernon Ruttan estimated […]

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The Real Retirement Crisis Is in the Private Sector

by Alicia H. Munnell | Feb 1, 2014 | Economy

Last year, legislators in Illinois passed a law that decreases pension benefits for public employees, and in Detroit a bankruptcy judge required municipal employees to get in line with other creditors owed money by the bankrupt city. The focus on these trouble spots feeds a misperception that public pensions, generally, are in crisis. In reality, […]

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Shock in Detroit: Workers Lose in Court

by Lou Dubose | Feb 1, 2014 | Economy, Politics

  Detroit Exactly one week before Christmas, 18 lawyers huddled in front of a bankruptcy judge in a federal courtroom in downtown Detroit. All were white, one was a woman, most were from the Jones Day law firm. There was one African-American attorney sitting on the side of the bar reserved for counsel, principals, and […]

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Plutocrats Ponder in the Alps

by Sam Pizzigati | Jan 27, 2014 | Economy

(Source: Bloomberg) Every January, our global corporate and financial executive superstars, accompanied by assorted heads of state and deep thinkers, make the trek up the Alps to the Swiss village of Davos. They don’t come to party, though they do their share of imbibing. They come instead to “solve” the world’s problems. The world faces […]

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Fast-Tracking Misery

by Ron Carver | Jan 22, 2014 | Economy

When it comes to trade policy, President Barack Obama is mimicking the same policies he criticized when he served in the Senate. As a presidential candidate, Obama promised to renegotiate the North American Free Trade Agreement (NAFTA), recognizing the enormous loss of domestic jobs caused by its passage 20 years ago. He sure hasn’t done […]

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