background preloader

Economics

Facebook Twitter

Untitled. Untitled. Untitled. The Higher Wages of Growth. American poverty in Alabama Lowndes county. More than 18 million Americans live in “extreme poverty,” according to a report from the United Nations, which ranked poverty in the U.S. alongside some of the poorest areas in the world.

American poverty in Alabama Lowndes county

The UN Special Rapporteur for Extreme Poverty paid a visit to the U.S. last year, drawing worldwide attention to his findings. NewsHour Weekend Special Correspondent Simon Ostrovsky followed in his footsteps to report from Lowndes County, Alabama. This is part of an ongoing series of reports called “Chasing the Dream,” which reports on poverty and opportunity in America, and is supported in part by the Pulitzer Center on Crisis Reporting SIMON OSTROVSKY: This is Philip Alston, the United Nations point man on poverty. His job usually involves visiting the world’s least developed countries. SIMON OSTROVSKY: The country he’s talking about might not be what you’d expect. SIMON OSTROVSKY: Just days before alston delivered his report, the United States had pulled out of the U.N.

Untitled. GRANITE CITY • After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in the Metro East.

untitled

That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp. is rehiring or recruiting as it readies for production in mid-June at a blast furnace it idled in 2015. "I'd been waiting for that phone call asking me to come back for more than two years," he said. Chrusciel and Granite City are among the winners as the Trump administration fights a multi-front war to reshape U.S. trade policy. City officials say the well-paid jobs at the Granite City Works, which traces its roots to the late 19th century, are the heart of this town of 29,000 people. "These are jobs you can raise a family on," said Granite City Mayor Ed Hagnauer.

A Small Town Kept Walmart Out. Now It Faces Amazon. GREENFIELD, Mass.

A Small Town Kept Walmart Out. Now It Faces Amazon.

—Al Norman has been fighting to keep Walmart and other big-box retailers out of small towns like this one for 25 years. He’s been successful in Greenfield, his hometown and the site of his first battle with Walmart, and in dozens of other towns across the country—victories he documents on his website Sprawl-Busters, an “International Clearinghouse on Big Box Anti-Sprawl Information.” Partly because of Norman’s efforts to keep out such stores, Greenfield still has a Main Street with dozens of businesses, including a bookstore, a record store, and Wilson’s, one of the last independently owned department stores in the country. Thehill. The Daily 202: 10 reasons Democrats think the tax bill will be a political loser for Trump’s GOP in the midterms. Who gains and who loses under the GOP's tax bill With Breanne Deppisch and Joanie Greve.

The Daily 202: 10 reasons Democrats think the tax bill will be a political loser for Trump’s GOP in the midterms

THE BIG IDEA: Democrats feel confident that the tax bill, which cleared Congress on Wednesday, will be an albatross for Republicans in the midterm elections. Yesterday’s Daily 202 argued that the legislation is likely to become more popular after President Trump signs it into law — partly because people’s expectations start off so low, support is still soft among Republicans, and major advertising campaigns are being planned to promote it. Stockton's mayor wants to give residents $500 a month, no strings attached - Oct. 27, 2017.

Tubbs' mother worked long hours as a cashier at a Discovery Zone and still had to borrow from check cashing places to get by.

Stockton's mayor wants to give residents $500 a month, no strings attached - Oct. 27, 2017

"If we had $300 a month, life would be less stressful, or we could move into another neighborhood," Tubbs says. Warren Buffett says GOP health reform bills are relief for the rich. What an iPhone could cost in Trump’s America. President-elect Donald Trump's views on China and economic policies could lead to a big increase in the price of Apple products.

What an iPhone could cost in Trump’s America

Find out why, and by how much. (Jhaan Elker/The Washington Post) President-elect Donald Trump's views on China and economic policies could lead to a big increase in the price of Apple products. Find out why, and by how much. Donald Trump's trade issues with China and economic policies could lead to a big increase in the price of Apple products. Businesses and policymakers are bracing for what could happen under President-elect Donald Trump's trade agenda.

Apple has operations all around the world. Imposing a tariff on imports would mean increasing the cost for companies to bring goods to U.S. shores. What Would Happen If We Just Gave People Money? Daniel Straub remembers the night he got hooked on basic income. On Invincible Ignorance. Remember Paul Ryan?

On Invincible Ignorance

The speaker of the House used to be a media darling, lionized as the epitome of the Serious, Honest Conservative — never mind those of us who actually looked at the numbers in his budgets and concluded that he was a con man. These days, of course, he is overshadowed by the looming Trumpocalypse. But while Donald Trump could win the White House — or lose so badly that even our rotten-borough system of congressional districts, which heavily favors the G.O.P., delivers the House to the Democrats — the odds are that come January, Hillary Clinton will be president, and Mr.

"The Big Short" and Bernie's Plan to Bust Up Wall Street. Reich writes: "The only way to contain the Street's excesses is by taking on its economic and political power directly - with reforms so big, bold, and public they can't be watered down.

"The Big Short" and Bernie's Plan to Bust Up Wall Street

Starting with busting up the biggest banks, as Bernie Sanders proposes. " By Robert Reich, Robert Reich's Blog 13 January 16. Making And Using Models. Microloans Don’t Solve Poverty. When Benita Chikaluma’s husband died in 1994, her family could easily have fallen into desperate poverty.

Microloans Don’t Solve Poverty

Chikaluma lives in Malawi, a poor country in southern Africa where women often have little control over their finances. Oklahoma - Yale releases 170,000 incredible Great Depression photos. Why I opposed the minimum wage increase: The problem is the economics of the city doing it alone. The Dutch 'Basic Income' Experiment Promises Free Money for Those on Welfare. Questions to Answer in the Age of Optimized Hiring. Rewriting the Rules.