max knifton

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The beginning of the end of Trump

"He's a war hero because he was captured," the loudmouth from New York said about Sen. John McCain, Vietnam War veteran and prisoner of war, at a GOP cattle call in Iowa on Saturday. "I like people that weren't captured."<p>That's rich coming from a billionaire who received five deferments from …

Donald Trump

The GOP is the party of warmongers: What its insane overreaction to Obama’s Iran deal really shows

Republican presidential hopefuls have been falling over themselves in the rush to call Obama an “appeaser”<p>Whenever an election season rolls around, we too often hear from trolls, contrarians and cynics who wrongfully announce that both political parties are exactly the same.<p>Wrong.<p>One party thinks …

Jeb Bush

The Simple Reason Why China's Stratospheric Stock Market Rally Can't Fuel Economic Growth

Despite Janet Yellen’s efforts to explain to poor people how important it is to build up one’s financial assets, the trickle down “wealth effect” …

Ben Bernanke

FACT CHECK: Why Bush's growth forecast is a stretch

WASHINGTON (AP) — Republican presidential candidate Jeb Bush says there's "not a reason in the world" why the U.S. economy can't grow at 4 percent annually.<p>Actually, there are a bunch of reasons it probably can't.<p>Many economists say the U.S. economy is ill equipped to grow consistently at even …

Economics

Somebody Forgot To Tell Bush, Cruz And Rubio The GM Bailout Worked

If you want to understand the temperaments and governing philosophies of the Republican presidential candidates, pay close attention to the way they talk about an iconic moment of President Barack Obama’s tenure: His decision, in the spring of 2009, to rescue Chrysler and General Motors.<p>Most of the …

FORGET GDP: Here's the new way Wall Street is measuring the US economy

GDP, or gross domestic product, is the most widely cited measure for the economy's overall health and trajectory. On Friday, we found out that the second estimate of GDP in the first quarter showed that the economy actually contracted 0.7% to start 2015.<p>But a number of Wall Street economists …

Economics

BYRON WIEN: The Fed basically put $3 trillion into the stock market

Among the things that have driven the expansion, a key factor has been the role of the Federal Reserve.<p>In market commentary Wednesday, Blackstone's Byron Wien pegs a number on this: $3 trillion.<p>Even though we've seen company earnings more than double between 2009 and 2014, there has been concern …

Markets

Review: Four new books, including Joseph Stiglitz's The Great Divide, look at economic inequality

<b>The Great Divide: Unequal Societies and What We Can Do About Them</b><p><i>Joseph E. Stiglitz, WW Norton, 384 pages, $34.95</i><p><b>A Better Place on Earth: Among the Haves and Have Nots in Super Unequal British Columbia</b><p><i>Andrew MacLeod, Harbour, 256 pages, $22.95</i><p><b>The Globalization of Inequality</b><p><i>François Bourguignon,</i> …

China's slowing economy may steady later this year: state think tank

SHANGHAI (Reuters) - Short term policies could stabilize China’s slowing economy in the second half of this year, but for growth to make a lasting recovery Beijing should foster new sectors and innovation, a government think tank’s chief economist was reported as saying on Saturday.<p>China’s growth …

Economics

The Politics of War

This Memorial Day the nation remembers all those people who died while serving in the American armed forces. More than 1,316,000 military personnel have died during military conflicts in this nation's history.<p>The mission of the U.S. military is to fight and win our nation's wars. The U.S. has the …

Warren Buffett: Stop Blaming The Rich For Income Inequality. If You Really Want To Help, Do This

The world’s third-richest man weighed in on the national debate over rising levels of income disparity in the United States yesterday, saying that while the gaps between the country’s haves and have nots are definitely increasing, it is not the fault of those at the top. Nor will it be solved by …

Income Inequality

Janet Yellen: The Federal Reserve expects to raise interest rates this year

Federal Reserve chair Janet Yellen says delaying monetary policy tightening until employment and inflation hit the central bank's targets risks overheating the economy<p>Federal Reserve chair Janet Yellen said she expected the central bank to raise interest rates this year, as the US economy was on …

The 15 Benghazi emails you need to read

POLITICO’s summary of the most interesting exchanges from Hillary Clinton’s private server.<p>The State Department released close to 900 pages of emails from Hillary Clinton’s tenure as secretary on Friday, providing a detailed looked at how an embattled agency responded to terrorist attacks in …

Terrorism

Did Eugene Melnyk jump the queue for a new liver?

Did Eugene Melnyk’s wealth and fame give him an unfair advantage? The answer is not as simple as it may appear, reports Michael Friscolanti<p>Somewhere …

Medicine

The Deep Roots of America's Housing Affordability Crisis

A new analysis finds that what we see today is basically “the current manifestation of a long-run trend.”<p>It’s getting harder and harder for recent college graduates to afford a place to live in the booming U.S. cities where the most diverse pool of jobs can be found. In the tech hub of San …

5 global banks to pay $5.7 billion in fines over currency manipulation

They called themselves the Cartel, and that turned out to be an appropriate name.<p>Traders and sales agents used electronic chat rooms, prosecutors said, to conspire to manipulate prices in the $5-trillion-a-day foreign currency markets. They secretly marked up transaction costs, telling customers …

Corruption

Hillary Clinton Finds Her Critique Of Obama's Economy: Too Much Red Tape For Small Business

Clinton hasn't sharply criticized the economy under President Obama — unless she's talking about small businesses. Then it's “targeted credits and deductions" and an "excess in regulation and paperwork," and sounding almost like a Republican.<p>Hillary Clinton’s lines on the economy go something like …

Elizabeth Warren fires back at Obama … again

The war of wrong continues.<p>Sen. Elizabeth Warren hit back at President Barack Obama in an interview published on Monday, saying she is justified in her criticism of trade negotiations that she believes could undermine the Dodd-Frank financial reform law.<p>The tit-for-tat comes after Obama over the …

Barack Obama

Florida Struggles to Pay the Tab for Rejecting Obamacare

Governor Rick Scott and conservative state lawmakers are finding that it’s not so easy to cover the poor without expanding Medicaid.<p>When Florida Governor Rick Scott arrived in Washington on Wednesday to sit down with Sylvia Burwell, the secretary of health and human services, he was fulfilling a …

Health Care

Why Screwing Unions Screws the Entire Middle Class

Robert Reich: The Trans Pacific Partnership is a corporate hijacking

The former secretary of labor sounds the alarm bell about the Obama administration’s newest investment treaty<p>Have we learned nothing from thirty years of failed trickle-down economics?<p>By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us …

Will the Fed Kill the Recovery Again?

The Labor Department reported that the economy added 295,000 payroll jobs in February, the 12th straight month of job creation of better than 200,000 a month. And the Dow Jones Industrial Average promptly dropped by nearly 300 points.<p>What gives? Do capitalists hate workers?<p>Well, perhaps; but the …

39 Commonly Misused Words and How to Use Them Correctly

Where the mechanics of writing are concerned, I’m far from perfect. One example: I always struggle with <i>who</i> and <i>whom.</i> (Sometimes I’ll even rewrite a …

Rich get richer from fewer labor unions, study says

A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 …

Economics

Cognitive Capitalism

Letters<p>— February 19, 2015<p>1<p>There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much …

Robert Reich: Trade deals ravage the middle class (and everyone else)

The former secretary of labor explains why agreements like the Trans Pacific Partnership only make the rich richer<p>Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1percent.<p>The rest of us could buy some …

'Intergenerational theft' a Coalition favourite that ignores the long-term benefits of spending

If the return on investments is actually higher than the rate at which the government borrowed, then future generations actually benefit from the debt<p>“Intergenerational theft” has become a bit of a go-to phrase with members of the government these past few weeks as it tries to convince voters of …

Income Inequality

How Barack Obama wants to be the Ronald Reagan of the left

WASHINGTON — Mitt Romney knew the day would come when a president would be able to swagger into the House Chamber and lay claim to a burgeoning …