AOC to endorse Bernie Sanders today
Following on Ilhan Omar's endorsement of Bernie Sanders earlier this week, Rep Alexandria Ocasio-Cortez is expected to make her own endorsement for Sanders's candidacy today.
Following on Ilhan Omar's endorsement of Bernie Sanders earlier this week, Rep Alexandria Ocasio-Cortez is expected to make her own endorsement for Sanders's candidacy today.
Cambodia's long-serving dictator Hun Sen nearly lost power in 2013 when an opposition party mobilized over Facebook (Hun Sen recovered by mastering Facebook and using it to crush the opposition, whose leaders are now exiled.
Modern Monetary Theory is an economic paradigm that treats money as a utility that governments issue and tax in order to mobilize resources needed to provide the services that the public wants; it explains why some kinds of government spending leads to inflation while other kinds do not, and how sovereign states use different levers to control inflation, even when they're spending extraordinary sums, as in WWII.
In Social, demographic, and economic correlates of food and chemical consumption measured by wastewater-based epidemiology, published in the Proceedings of the National Academy of Science, a group of researchers in Australia and Norway present their analysis of a 2016 Australian sewage census, which sampled 22 waste-water treatment facilities and looked for 42 biomarkers.
In 2017, California passed a state law mandating disclosure of wholesale drug prices, something the Big Pharma companies fought tooth and nail. Now, the first of those disclosures has taken place, and it reveals spectacular levels of price-gouging from the pharmaceutical industry's greediest monopolists: an overall rise of 25.8% in the median drug price since 2017.
Jorge Luis Escandón Hernández was elected mayor of Las Margaritas, Chiapas after he promised to repair city's rural roads, in a chaotic campaign that included accusations of a "brawl" with his opponent's supporters.
Greta Thunberg's Joan of Arc-grade tongue-lashing to the world's leaders at the UN makes for some incredible mashup possibilities: it's not merely that her excellent delivery lent itself to death metal, but also her use of the phrase "right here, right now," was tailor-made for insertion into Fatboy Slim's track of the same name — hence Fatboy Slim himself playing Twitter user David Scott's remix at a gig in Gateshead.
Modern Monetary Theory (previously) is an economic philosophy based on the idea that all state spending is "deficit" spending, since money comes into existence when the government spends it, and when the government raises taxes, it does so in order to take that money out of existence, both in order to control inflation and to limit the concentration of power in the hands of the wealthy.
Amazon and its contractors are notorious for their wage-theft from warehouse workers, who are required to endure lengthy, unpaid delays while they wait to have their bags and bodies searched for stolen goods; a group of workers sued Amazon and one of its contractors, Integrity Staffing, under a Nevada state law.
English is a glorious syncretic mess of a language, what you get when you blend together a bunch of mispronounced German, French and Latin words and then salt with the vernacular of a hundred other languages, without having to heed stern pronouncements from an official language academy.
The Sackler family (previously) made more money than the Rockefellers when their family business, Purdue Pharma, misled the public about the addictiveness of its flagship opioid, Oxycontin, and induced doctors to overprescribe it, kicking off an epidemic that has killed more Americans than the Vietnam war, with the body count at 400,000 and still climbing.
Kaja Robinson is 53 and has a daughter about to go off to college, but she is still embroiled in bizarre, kafkaesque disputes over the $17,000 student loan she took out in the 1980s: for decades, she has had to set aside whole days to call debt collectors and try to get them to acknowledge the payments she's made — for which she has paperwork, but which the lenders lost track of, causing her loans to balloon to $49,000.
Elena Botella worked at Capital One — one of the US's leading issuers of subprime credit-cards — for three years; in a fascinating first-person account, she describes how Capital One's youthful, smart, principled and caring staff created a culture in which the lives they were ruining were replaced by obfuscating jargon and interesting mathematics puzzles.
Garrett Hardin's 1968 Science essay "The Tragedy of the Commons" is one of the most widely assigned readings in the past ten years' worth of university syllabi; notionally, it describes how property that is held in common is prone to overuse and exhaustion, while privatization creates an owner who has an incentive to serve as a wise steward over the resource.
For years, the Harvard Business School fellow William Lazonick has been writing about the rise of the "shareholder value" doctrine in capital markets, and how that has driven financial engineering tactics like stock buybacks, which allow shareholders (including top executives) to prosper at the expense of the companies they have invested in, siphoning value out of profitable businesses until they collapse.
In 74% of US counties, the average worker can't afford the median home. It's getting worse: Six months ago, it was 71% of counties. The results come from Attom's new survey of house prices.
Wework is definitely a piece of work, a money-hemorrhaging bezzle whose recently ousted founder siphoned a reported $700m out of the company while self-dealing and presiding over a series of bizarre missteps (from serving tequila shots and hosting a dance party with Darryl from Run DMC at the same meeting where he announced mass layoffs to banning his employees from expensing meals containing meat while getting caught eating meat himself).
Even if you're insured and even if you assiduously verify that the emergency rooms you visit when undergoing a medical crisis are "in network" for your insurer, you can still end up with thousands of dollars in "surprise bills" from ER docs and anesthetists who don't work for the hospital — instead, they work for private "physician staffing firms" who can and do charge whatever they want for your care.
Bernie Sanders has pledged to eliminate the $81b in outstanding US medical debt if he is elected president in 2020.
In 2017, Banksy painted a giant mural on a wall in Dover, England depicting a worker chiseling a star off the EU flag, by way of a comment on the Brexit vote; now, parties unknown have painted over that mural, whitewashing it. — Read the rest