UC Irvine economist Peter Navarro, a hand-picked Trump economic advisor: "Navarro has never met Trump in person. And as for speaking with him by phone, he acknowledges, 'I have never had the pleasure.'" Read the rest
Last week, Boing Boing pals Douglas Rushkoff, author of Throwing Rocks at the Google Bus, and Marina Gorbis, executive director at Institute for the Future (where I'm a researcher), took the stage at San Francisco's Commonwealth Club to discuss why we've lost sight of the open Web and how the digital economy has gone terribly wrong. It was a fantastic freeform barrage of brilliant and witty criticism, insights, and ideas for rewriting the rules of this game that right now nobody can win.
Listen to it here!
Or download the podcast here.
There's about $60 trillion in public government debt worldwide, and the folks at Visual Capitalist created a chart to show proportions and debt-to-GDP ratio in one handy image.
About two dozen countries carry over 90% of the world's debt, with Japan and Greece having the worst debt-to-GDP ratios.
"A capital gains tax rate (making money off money) that is lower than the earned income rate (making money off work) is just not fair; bestowing that rate on hedge-fund managers through a specially designed loophole is just not fair" -Wick Allison, American Conservative, Nov 12, 2012. Read the rest
It's well established that the US economy fares better when a democrat is president. Why is this? Read the rest
The Washington Post reports on "super zips"--postcodes that rank highly for income and college education levels. A striking interactive map is included in the article, to show what money looks like from space. Read the rest
Diesel Sweeties creator R. Stevens has some advice for Millennials who are having a hard time finding work in the modern economy. It's so simple!
The Economist claims that prostitution in the UK has been hard-hit by the down economy, with men treating sex-for-money as a luxury lacking precedence behind rent, petrol and energy bills. At the same time, more women are reportedly engaging in sex-work, looking for money in an economy with high unemployment and inflation and contracting welfare and benefits. This increases competition for sex-work, driving prices down further. Some sex workers are dropping their prices, and one independent escort in the south of England says that she believes that prostitution can no longer serve as full-time employment adequate to covering all bills and expenses . Read the rest
Here's a little visual aid for any inflation hawks out there who're looking for just the right graphic to stick in a powerpoint decrying stimulus packages or extolling gold's virtue: a group of Weimar-era kids using bundles of devalued Deutsche marks Reichsmarks as building blocks.
What's fascinating here is that the problems he finds have less to do with animal abuse (Maryn McKenna reports that Conover was surprised to find himself in a clean, safe, humane facility) and more to do with the abuse of antibiotics — a trend that is a major contributor to antibiotic resistance.
You can't read the full story for free, unfortunately. Such is the way of Harpers. But Maryn McKenna has a summary, Conover has a blog post on agribusiness gag laws, and you can buy access to the full story with a Harper's subscription. Read the rest