Business & Economy

Pope Francis Condemns the Cult of Greed, Ted Cruz and Paul Ryan Support It

Pope Francis Condemns the Cult of Greed, Ted Cruz and Paul Ryan Support It

May 19, 2013 1:00 am
by Brent Budowsky In recent remarks that were stunning and profound, Pope Francis harshly criticized what he called “the cult of money” and condemned what he called the...

Archive for the ‘Business & Economy’ category

Anti-Keynesian Economics’ Homophobe Niall Ferguson

by Rev. Irene Monroe   There are a lot of sound reasons to critique Keynesian economics, but a reason that its creator was gay shouldn’t be one of them.   Niall Ferguson, the Laurence A. TischProfessor of History at Harvard University, has sadly, in 2013, just found that out.   Ferguson’s speech to investors and [...]

Everything We Know About What’s Happened Under Sequestration

by Theodoric Meyer ProPublica We’ve updated our sequestration explainer to reflect new developments. It was originally published on April 11, 2013. When the annual White House Easter Egg Hunt faced cancellation this year due to the package of mandatory budget cuts known as sequestration, the National Park Service kicked into high gear. It rescued the event [...]

The Fed, Apple and Trickle-Down Economics

by Robert Reich The Fed’s policy of keeping interest rates near zero is another form of trickle-down economics.  For evidence, look no further than Apple’s decision to borrow a whopping $17 billion and turn it over to its investors in the form of dividends and stock buy-backs. Apple is already sitting on $145 billion. But with interest [...]

Public Debt and Economic Growth

by Robert Reich In the election of 1952 my father voted for Dwight Eisenhower. When I asked him why he explained that “FDR’s debt” was still burdening the economy — and that I and my children and my grandchildren would be paying it down for as long as we lived.  I was only six years [...]

Facebook Censors Journalist Who Shared Too Much/Often?

This is The Monday Line by Denis G. Campbell As an early social media adaptor I saw Facebook and Twitter’s voice power. Utilising my marketing background, I learned to use Twitter (@ukprogressive & @WorldViewShow) and Facebook (denis.campbell) as consultancy growing, news development, book selling and audience building tools for this publication and our television show. [...]

Billions Proposed for New Border Security. Where Would the Money Go?

by Christie Thompson ProPublica Federal spending on border security is at anall-time high—and it would get even higher under the Gang of Eight’s new plan. The Senate immigration proposal, released last week, would allocate $4.5 billion in the next five years to tighten control of U.S. borders. The U.S. spent nearly $18 billion dollars on immigration enforcement [...]