economic inequality

Economic growth and global warming, Figure 1 from a paper studying "Global non­linear effect of temperature on economic production" (link below). "Non-linear" in this case means "at what warming point do economies tend to 'fall off a cliff'"? It's not the same point for all economies, but the non-linearity is obvious. (For conversion in charts a, b, and c, 20°C = 68°F, and 30°C = 86°F.

I wish that crazy Trump would just settle down and go spend his days playing golf again so AOC could get Congress working on a sensible agenda. You know who's work I'm really enjoying? Eric Levitz at New York Magazine. Once a poetry lecturer at Johns Hopkins, this guy has been writing excellent essays on the nexus of where politics meets the world of finance.

A few hours ago-- and in the face of rapidly rising nationalism in Europe and America-- Pope Francis described differences of faith, race and ideas as a richness, not a danger, and called for political solutions to end wars in Syria, Yemen and elsewhere.

Taxes and spending in the "Fairer Europe" proposal by Thomas Piketty et al (source; click to enlarge). Notice the emphasis on addressing climate change, both on the tax side and the spending side.

The GOP thought that at least they'd have one "achievement" to run on in the midterms-- the massive taxcut. But the tax cut-- which many call "the tax scam"-- has turned out to not be that popular, not popular enough to run on. Over the weekend, the NY Times reported that Republicans aren't barging about and aren't even bragging about the continuation of the Obama economic expansion Trump takes credit for.

I mentioned in a post yesterday that I had just gotten back from a quick trip to Thailand, where I had gone to buy medicines that are too expensive in the U.S. One of the country's top economists read it and sent me a note that included this line:

According to Emptywheel, tomorrow is going to be a big day for Señor Trumpanzee and his world. Center stage: Robert Mueller, not whispers and suppositions. If Marcy is right-- and she usually is-- Mueller is ready to reveal the first cards in his case for conspiracy.

The Swamp by Nancy Ohanianby Skip KaltenheuserAllow me to offer a few additional thoughts on the recent Economic Inequality Town Hall that triggered Howie’s post on job guarantees.The event, “Inequality in America: The Rise of Oligarchy and Collapse of the Middle Class,” took place on the 19th in the Visitor Center at the US Capitol before an overf

I used to be in the music business. Like in many businesses, there was always a tension between executives who put all their energy and resources into the current quarter and executives who felt a responsibility towards creating long-term (future) shareholder value. Bonuses-- which could be 6 or 7 figure amounts-- tended to be based on the short-term approach.

Monday evening, Bernie Sanders and Elizabeth Warren took their probable 2020 campaign out for a test run, calling their 90-minute TV show the Economic Inequality Town Hall, or more formally, "Inequality in America: The Rise of Oligarchy and Collapse of the Middle Class." You can watch the whole thing above. Last night 1.7 million people did.