Browsing articles in "Articles"
Dec 9, 2012
boyce
Comments Off on New narrative for a new economy

New narrative for a new economy

John Cavanagh and Robin Broad write on the new economy movement:

If the Occupy movement popularized the call to end extreme inequality, Hurricane Sandy is popularizing the call to rebuild our nation’s infrastructure in a green and resilient manner. Weaving these themes together can make for a gripping narrative.

Read more here.

Nov 2, 2012
boyce
Comments Off on Economics denial

Economics denial

The New York Times reports today on attempts to suppress a Congressional Research Service report showing that tax cuts for the rich don’t create jobs:

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie,” the report said. “However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Read the Times piece here.

Read the suppressed report here.

Nov 1, 2012
boyce
Comments Off on How not to create jobs

How not to create jobs

Lessons from Recent History 101: the Bush tax cuts.

It is Orwellian that after a decade of trillion dollar tax cuts and bailouts of the rich, and a steadily worsening jobs and employment picture for American workers, we are told to be kind to the rich and give them even more money because they are the “jobs creators”.

Read more here.

Nov 1, 2012
boyce
Comments Off on Superstorm Sandy: Harbinger of things to come?

Superstorm Sandy: Harbinger of things to come?

Five years ago, this picture appeared in report titled Nation Under Siege: Sea Level Rise at Our Doorstep. It depicts what would happen – and this week, did happen – as a result of a 3-meter rise in sea levels in New York City:

 

 

 

 

 

 

 

Was superstorm Sandy a preview of what sea level rise will bring—permanently—to New York and other coastal cities by century’s end?

 

Read about it here.

Oct 18, 2012
boyce
Comments Off on Time to pick the right winners

Time to pick the right winners

Senator Bernie Sanders (Ind-VT) writes on winners and losers in U.S. energy policy:

It is not about whether government is picking winners and losers, because clearly government has been doing just that for years, with the fossil fuel and nuclear industries being the big winners. What is necessary to reverse global warming and create jobs is that we pick the right winners – the technologies that will transform our energy system and protect the environment.

Read his take here.

Oct 11, 2012
boyce
Comments Off on Pick your favorite corporate tax loophole

Pick your favorite corporate tax loophole

Chris Parker writes in the Village Voice:

From 2008 to 2010, at least 30 Fortune 500 companies—including PepsiCo, Verizon, Wells Fargo, and DuPont—paid more for lobbyists than they did in taxes. They collectively spent $476 million sucking up to Congress, buying protection for tax breaks, loopholes, and special subsidies.

It didn’t matter that these same 30 firms brought home a staggering $164 billion in profit during that three-year period. They not only managed to avoid paying taxes, but they also actually received $10.6 billion in rebates.

Welcome to the U.S. tax code, where companies like General Electric and Boeing contribute less to the federal treasury than a retired machinist living in Florida.

Check out his top ten corporate tax loopholes here.

Oct 8, 2012
boyce

Talking sense on the nation’s balance sheet

Mattea Kramer of the National Priorities Project writes:

Ironically, those in Washington arguing for urgent deficit reduction claim that we’ve got to do it “for the kids,” that we must stop saddling our grandchildren with mountains of federal debt. But if your child turns 18 and finds her government running a balanced budget in an America that’s hollowed out, an America where she has no chance of paying for a college education, will she celebrate?

Read her guide to what’s missing from the presidential debates here.

Oct 7, 2012
boyce
Comments Off on The cancer lobby

The cancer lobby

Big Chem is worried about your health – excuse me, worried about you worrying about your health – writes Nicholas Kristof in today’s Times:

Big Chem apparently worries that you might be confused if you learned that formaldehyde caused cancer of the nose and throat.

 

Read about the cancer lobby’s effort to suppress the National Institutes of Health’s updated Report on Carcinogens here.

Oct 7, 2012
boyce
Comments Off on “One dollar, one vote”

“One dollar, one vote”

Nobel laureate Joe Stiglitz writes on revealed preference in our political system:

President George W. Bush claimed that we did not have enough money for health insurance for poor American children, costing a few billion dollars a year. But all of a sudden we had $150 billion to bail out AIG, the insurance company. That shows that something is wrong with our political system. It is more akin to “one dollar, one vote” than to “one person, one vote.”

Read the whole interview here.

Oct 6, 2012
boyce
Comments Off on One nation under Wall Street

One nation under Wall Street

Robert Scheer, writing in Truthdig, applauds Sheila Bair’s new book:

If you want a compelling-if-unintended reason to loathe the two-party choice, check out the new book “Bull by the Horns” by former FDIC Chairman Sheila Bair. Her principled but ultimately futile effort to check the overwhelming power of the Wall Street lobby under both Republican and Democratic administrations indelibly documents the hoax that now passes for our representative democracy.

Read his take on the first presidential debate here.