California v. Red States, What Causes Growth, and the Great Stagnation. By Mike Kimel California v.
Red States, What Causes Growth, and the Great Stagnation Lately there has been a small cottage industry of California v. Texas comparisons, with California getting the apparent short end of the stick. Heavily regulated, high tax, big gubmint California is the past, and free wheeling low tax small government Texas is the future, and among the pieces of evidence is people moving out of California and into Texas. GDP Revisions Make Recovery Look Better, Recession Not as Bad - Real Time Economics.
Economy. Walmart Living Wage Dispute In D.C. Undermines Company's Murky Pay Claims. WASHINGTON -- On Tuesday, a Walmart executive rebuked the D.C.
Council in an op-ed in the Washington Post, declaring that the company would scuttle plans for three stores if the city enacted a living-wage law targeted at big-box retailers. The bill, which passed a council vote on Wednesday, would require a $12.50 minimum wage for workers at companies with more than $1 billion in global sales. For those who follow Walmart's labor disputes, that $12.50 living wage seemed quite close to another figure commonly associated with the world's largest retailer: its average store worker wage, as reported by the company.
According to Walmart, full-time store workers now earn $12.78 per hour on average, or 28 cents higher than the proposed D.C. mandate. That's an average wage -- quite different from a starting wage. So what gives? Walmart's $12.78 figure probably presents a misleading picture of what store workers actually make.
"Walmart’s wages really are a mystery," Schlademan said. Asset Classes.
Search. Apres Moi, Le Deluge - Make Money Now To Hell With Tomorrow. Dr.
Heiner Flassbeck: We're in worse shape now than in 2008 because at least then there was hope governments would face up to the situation - Bio Professor Dr. Heiner Flassbeck Graduated in April 1976 in economics from Saarland University, Germany, concentrating on money and credit, business cycle theory and general philosophy of science; obtained a Ph.D. in Economics from the Free University, Berlin, Germany in July 1987. 2005 he was appointed honorary professor at the University of Hamburg. Employment started at the German Council of Economic Experts, Wiesbaden between 1976 and 1980, followed by the Federal Ministry of Economics, Bonn until January 1986; chief macroeconomist in the German Institute for Economic Research (DIW) in Berlin between 1988 and 1998, and State Secretary (Vice Minister) from October 1998 to April 1999 at the Federal Ministry of Finance, Bonn, responsible for international affairs, the EU and IMF.
Systemic Malfunctioning of the Labor and Financial Markets. Dr.
Heiner Flassbeck: Government has to step in and correct the imbalances of low wages and unregulated financial markets or a deeper recession and crisis is inevitable - Taxing Corporate Profits will Force Investment. Heiner Flassbeck: Corporations are sitting on mountains of cash and are unwilling to invest in the real economy - only high taxes on profit will make them do so -
50% of Americans Live in Poverty. Paul Buchheit: Based on assets and income, number of people in poverty closer to 50% rather than official stat of 15% - Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network.
I'm Paul Jay in Baltimore.According to the Census Bureau, 15 percent of Americans live in poverty. Our next guest thinks the number is higher, a lot higher, more like 50 percent.Now joining us from Chicago to discuss all this is Paul Buchheit. He's a teacher at DePaul University in Chicago. Why Aren't the 50% Living in Poverty Protesting in the Streets? Investing in Schools Creates More Than Twice as Many Jobs as Military Spending. Bob Pollin: Education spending is the best job creator - so why are local and state governments firing teachers and closing schools?
- Bank Profits Soar, Wages Suffer Sharpest Decline in 60 Years. Bill Black: The economy is recovering - unless you work for a paycheck.
Obama Fails to Reappoint Serious Regulator to CFTC. Bob Pollin: If President Obama was serious about regulation and closing the income gap, he would have reappointed Gary Gensler.
Wall Street Getting Rich At Expense of Farmers and the Poor. Ex-Employees Say Bank of America Rewarded Fraudulent Foreclosures. Bill Black: Bank of America and other financial giants undeterred by Obama Admins weak oversight and enforcement of industry - Bio William K.
Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Transcript JAISAL NOOR, TRNN PRODUCER: Welcome to The Real News Network.
The Paradox of the Creditor Debtor Relationship - Germany the Debtor Nation. Dr. Heiner Flassbeck: The debtor has to come back to a situation where they are able to earn money - Bio Professor Dr. The Paradox of the Creditor Debtor Relationship - Germany the Debtor Nation.