Kenneth Baker

33 Flips | 1 Magazine | 9 Likes | @KennethBake6604 | Keep up with Kenneth Baker on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Kenneth Baker”

Why America Is the Only Rich Country Without Universal Health Care

Universal Health Care in Different Countries, Pros and Cons of Each<p>Why America Is the Only Rich Country Without Universal Health Care<p>Updated May 30, …

A Nobel Prize-winning economist thinks we’re asking all the wrong questions about inequality

America is trying to come to terms with its economic inequality. Does inequality spur growth or kill it? Is it a necessary evil—or necessarily bad? Angus Deaton, an economics professor at Princeton, and the recipient of the 2015 Nobel Prize in economics, is asked questions like these all the …

Americans are dying younger than people in other rich nations

By Christopher Ingraham<p>Reporter<p>American lives are shorter on average than those in other wealthy nations, and the gap is growing ever wider, according to the latest data released by the Centers for Disease Control and Prevention.<p>As recently as 1979, the typical American could expect to live roughly …

Health Care

This Tax Bill Is a Trillion-Dollar Blunder

Last month a Wall Street Journal editor asked a room full of CEOs to raise their hands if the corporate tax cut being considered in Congress would lead them to invest more. Very few hands went up. Attending was Gary Cohn, President Donald Trump's economic adviser and a friend of mine. He asked: …

Economics

Conservative economists rail against the GOP tax plan

As Republicans in the House and Senate hash out their tax bill differences in a conference committee behind closed doors, with the goal of producing a final bill before the holiday break, conservative economists tell TPM that the policies likely to become law will wreak havoc on the country for …

What is bitcoin? Here are answers to your 12 biggest questions on cryptocurrency and blockchain.

One of the luckiest moves you could have made this year would have been to buy bitcoin in the middle of January, when one unit of the …

Here's how the Republican tax cuts would actually be felt by regular Americans

Since it's looking pretty clear the Republican tax cut plan will become law, I think it's worth walking through how it's likely to be felt by Americans over the next few years, on their own tax returns, and in the broader economy.<p>The centerpiece of the plan is a permanent reduction in the corporate …

Who Gains From the Tax Plan? Economists Face Off

There is no disagreement that changes to the tax code should promote economic growth, fuel job creation and increase incomes. The question is whether the Republican tax bills would accomplish those goals.<p>Several prominent conservative economists have argued that the proposals would do just …

The one trick the GOP had to make its tax bill look good failed spectacularly

In Washington, there's a magical way to make a budget look balanced even when it's not — it's called dynamic scoring. Basically, it allows bean counters to use growth projections to offset income lost from tax cuts.<p>Dynamic scoring involves using economic models that supposedly show the effects of …

Economics

4 winners and 3 losers in the Senate tax bill

Winner: corporations. Loser: charities.<p>The tax bill the Senate passed Friday is a sweeping piece of legislation, transforming the US health care sector, higher education, philanthropy, and, of course, the federal tax code. It’s a major policy change that creates big winners and big losers across …

Experts say universal basic income would boost US economy by staggering $2.5 trillion

UBI in the U.S.A.<p>In recent months, everyone from Elon Musk to Sir Richard Branson has come out in favor of universal basic income (UBI), a system in …

Kansas 'Real Live Experiment' in Trickle-Down Tax Cuts

Download the PDF here.<p><i>“Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy. It will pave the way to</i> …

20 Retirement Stats That Will Blow You Away

These facts and figures will likely impress you -- or depress you. See how far your retirement savings might take you and how you can beef up your …

Retirement

The ominous absurdity of Trump's tax cuts

<b>(CNN) —</b> Treasury Secretary Steve Mnuchin's call for corporate tax cuts is akin to his request for a government plane for his honeymoon: both are adventures in avarice. Donald Trump, Mnuchin, Gary Cohn, and the key billionaire funders of the Republican Party (including the Koch brothers, Sheldon …

Pollution killing more people than war and violence, says report

Pollution kills more people each year than wars, disasters and hunger, also causing huge economic damage, a study says. Almost half the total deaths …

Socialism with a spine: the only 21st century alternative | John Quiggin

Soft neoliberalism has exhausted its appeal. The best progressive alternative is an explicit embrace of socialism<p>Socialism is back, much to the chagrin of those who declared it dead and buried at the “end of history” in the 1990s. When the New Republic, long the house organ of American …

Bill Clinton

He smuggled a rhino horn artifact out of Miami, but the feds were watching

By Kyle Swenson<p>, Staff Writer<p>With back alley price tags jumping up as high as $45,000 per pound, illegal rhino horns are increasingly hot items on the international black market.<p>For the second time in six years, Irish smuggler Michael Hegarty stood in a U.S. federal courtroom to plead guilty to …

How Economists Lie About Globalization and Jobs

Mark Carney is a Canadian economist whose performance as head of Canada’s central bank during the financial crisis was so good – none of Canada’s banks actually failed and needed to be rescued – that he was hired to be the Governor of the Bank of England.<p>In a speech about trade last week, Carney …

Globalization

Economists Have No Use for Republican Tax Cuts

One popular misconception about economists is that they love tax cuts. This is certainly the impression one gets from listening to folks on the political left. Books such as James Kwak’s “Economism” chronicle historical episodes where economic theory was appropriated by a loose coterie of pundits, …

Economics

A lesson from Hurricane Irma: capitalism can’t save the planet - it can only destroy it | George Monbiot

The perpetual quest for growth drives our economics. That’s why our environment and financial system lurch from crisis to crisis<p>There was “a flaw” in the theory: this is the famous admission by Alan Greenspan, the former chair of the Federal Reserve, to a congressional inquiry into the 2008 …

Economics

Here’s how much you should have saved by 45

When it comes to saving for the future, Americans are lagging way behind.<p>The median amount of retirement savings for working-age families in the …

CEO pay keeps growing faster than worker wages. These 7 charts show why that’s a problem for the US.

Imagine what you’d do with a million dollars. What about $10 million, roughly the annual salary of a CEO like Apple’s Tim Cook? Then think: What …

Study: a universal basic income would grow the economy

A universal basic income could make the US economy trillions of dollars larger, permanently, according to a new study by the left-leaning Roosevelt Institute.<p>Basic income, a proposal in which every American would be given a basic stipend from the government no strings attached, is often brought up …

When behavioral economics meets a $700M Powerball jackpot

Business Insider went out onto the streets of NYC and tried to buy people’s just-purchased Powerball tickets ahead of the $700 million drawing. They …

Behavioral Economics

In Defense of the Dismal Science

Earlier this month, a Greek court convicted an economist for what amounted to doing his job. In 2010, Andreas Georgiou took over Greece’s statistical agency and revised upward the figures for the country’s debt, which had long been suspect, in order to meet European Union standards. Ever since, …

The Trump administration’s claim that the U.S. government ‘certified’ 700,000 jobs lost by NAFTA

By Glenn Kessler<p>The Fact Checker<p><i>“The numbers are clear. The U.S. government has certified that at least 700,000 Americans have lost their jobs due to changing trade flows resulting from NAFTA. Many people believe that the number is much, much bigger than that.”</i> <b><br>— United States Trade Representative</b> …

Economics

Neoliberalism: the idea that swallowed the world

The word has become a rhetorical weapon, but it properly names the reigning ideology of our era – one that venerates the logic of the market and strips away the things that make us human. By Stephen Metcalf<p>Last summer, researchers at the International Monetary Fund settled a long and bitter debate …

Economics

There's no evidence that immigrants hurt any American workers

The debate over the Mariel boatlift, a crucial immigration case study, explained.<p><i>Pressed by a New York Times reporter yesterday for evidence that immigration hurts American workers, White House senior adviser Stephen Miller said: “I think the most recent study I would point to is the study from</i> …

Economy grows as CO2 emissions drop, making mockery of Trump climate policy

GDP growth decouples from carbon pollution, thanks to efficiency, natural gas, and renewables.<p>The premise of President Donald Trump’s plan to kill …

Fossil Fuels