Climate Debt Denial
Climate Debt Denial Art by Roger Peet At the height of the Washington feeding frenzy about the fiscal cliff, the debt ceiling, and sequestration, austerity hawks coined a new label to denigrate lawmakers who were opposed to cutbacks brought on by the cynical manipulation of national debt: “debt deniers.” It was a savvy way of turning the tables on those who had gotten traction out of depicting the GOP as hopelessly afflicted by “climate denial.” Not that there was any real equivalence between the two charges. After all, economics, unlike climatology, is not a science, and there is nothing approaching a consensus about the fiscal wisdom of running large government debts, especially if they are U.S. debts, backed by the still almighty dollar.
War is a Racket
by MAJOR GENERAL SMEDLEY D. BUTLER, USMC - Retired TWO-TIME Congressional Medal of Honor Recipient WAR is a racket. It always has been.
Dirty Laundry
Publication - July 13, 2011 A new investigative report from Greenpeace, 'Dirty Laundry', profiles the problem of toxic water pollution resulting from the release of hazardous chemicals by the textile industry in China. The investigations focuses on two facilities that were found to be discharging a range of hazardous and persistent chemicals with hormone-disrupting properties. These results are indicative of a much wider problem that is posing serious and immediate threats to both our precious ecosystems and to human health.
How I Became a Keynesian
Until last September, when the banking industry came crashing down and depression loomed for the first time in my lifetime, I had never thought to read The General Theory of Employment, Interest, and Money, despite my interest in economics. I knew that John Maynard Keynes was widely considered the greatest economist of the twentieth century, and I knew of his book's extraordinary reputation. But it was a work of macroeconomics--the study of economy-wide phenomena such as inflation, the business cycle, and economic growth. Law, and hence the economics of law--my academic field--did not figure largely in the regulation of those phenomena.
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Dirty Laundry 2: Hung Out to Dry
Publication - August 23, 2011 Research commissioned by Greenpeace International has revealed that clothing and certain fabric-based shoes sold internationally by major clothing brands are manufactured using nonylphenol ethoxylates (NPEs). NPEs -- which are used as surfactants in textile production -- subsequently break down to form toxic nonylphenol (NP).
Economists Say We Should Tax The Rich At 90 Percent
America has been doing income taxes wrong for more than 50 years. All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, according to a new working paper by Fabian Kindermann from the University of Bonn and Dirk Krueger from the University of Pennsylvania. The top tax rate that makes all citizens, including the highest 1 percent of earners, the best off is “somewhere between 85 and 90 percent,” Krueger told The Huffington Post. Currently, the top rate of 39.6 percent is paid on income above $406,750 for individuals and $457,600 for couples. Fewer than 1 percent of Americans, or about 1.3 million people, reach that top bracket.
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