From Washington’s Blog:
Eric Zuesse notes that this year’s subsidy to Wall Street – $83 billion – exactly equals the amount of the this year’s sequester cuts.
Spiegel reports that ending the failed “war on drugs” would pay for the sequester cuts by itself:
Harvard University professor Jeffrey Miron has advocated the legalization of drugs for decades…
Miron: [P]rohibiting drugs is expensive.
SPIEGEL: How expensive?
Miron: If it legalized drugs, the United States could save $85 [...]
Professor finds ‘significant discrimination’ in ad results, with black names 25 per cent more likely to be linked to arrest record check services
She compared typically black names like ‘Ebony’ and ‘DeShawn’ with typically white ones like ‘Jill’ and ‘Geoffrey’
Google has been accused of racism after allegedly linking names usually associated with black people to adverts related to criminality.
A Harvard University professor found ‘significant discrimination’ after comparing the adverts which appear [...]
Bill Gross: Economy Is At The ‘Tipping Point’ Of Recession
The Huffington Post Alexander Eichler First Posted: 8/3/11 10:05 AM ET Updated: 8/3/11 10:05 AM ET
The economy hasn’t slipped into recession yet, but it may be at a “tipping point,” according to Bill Gross, co-chief investment officer of the financial services company PIMCO.
“We are at what we call a stall speed, in which corporate profits [...]
Cornel West, shown speaking last year in Martin Luther King Jr.’s former church, labeled President Obama ‘a black mascot’ and ‘black puppet’ during an interview.
By Matt Viser, Globe Staff
Cornel West, a Princeton University professor and leading black intellectual, is harshly criticizing President Obama, a candidate he once supported but now calls “a black mascot of Wall Street oligarchs and a black puppet of corporate [...]
By David A. Fahrenthold, Wednesday, April 6, 9:57 AM
It may be helpful, at a time like this — when Congress is threatening to shut down the U.S. government in a dispute over a tiny fraction of the federal budget — to think of legislators like a lost forest tribe.
They have their own puzzling beliefs (in mid-afternoon, senators often announce they have shifted to “morning business”). They have their own language [...]
1)Â Debt Crisis Will Hit Japan Next, Then US: Historian (CNBC)
“Europe’s sovereign debt crisis isn’t over and will continue to spread, first to Japan and then to the U.S., warned renowned Harvard University professor, Niall Ferguson.
“There are more of those (sovereign debt crises) to come and, ultimately, it is going to come to Japan and the United States. And those crises of sovereign debt will be [...]
1)Ã‚Â Greece Turning Viral Sparks Search for EU Solutions ($794 billion?)
“April 29 (Bloomberg) — European policy makers may need to stump up as much as 600 billion euros ($794 billion) in aid or buy government bonds if they are to stamp out the regionÃ¢â‚¬â„¢s spreading fiscal crisis, said economists at JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc.
With GreeceÃ¢â‚¬â„¢s budget turmoil infecting markets [...]