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Guns and Chipotle: Millennials are the most employed generation in two occupational areas: food services and military.

Young Americans have many financial obstacles placed in their way.  Many older Americans like to chime in and blast younger Americans as being weak and complaining too much but the facts tell a different story.  Millennials do have it economically tougher.  Quality of life is up (for all) but the standard of living is getting harder to keep up with.  …

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JOHN WIGHT – Venezuela on the Brink

The crisis engulfing Venezuela appears to have reached the point of no return. Inflation is heading for 1000% while shortages of food and other essentials are now widespread. It has prompted many to speculate that it is just a matter of time before President Maduro is forced from office and Chavism is consigned to the dustbin of history. The legacy …

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Trends This Week – A Trump economy and other Top Trends 2017 – 12.14.16

Approve or disapprove of his choices, Trump has picked a corporate cabinet of top notch business leaders. Unlike politicians, Trump will run the White House like he runs his businesses; it’s about the bottom line. Look for a strong dollar and steady economic growth. For US exporters, however, the strong dollar will dampen profits. Other 2017 trends include the death of the Fourth Estate, worldwide movements to “Make It New” and more.

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Junaid Ghoto – The Myth of India as an Upcoming Asian Economic Powerhouse. Rising Poverty and Social Inequality

Regret or not, but it is important to see where India stands today, the idea to write regarding this is to differentiate the illusion from fact and give reason so the sane understanding follows. A nation is called developing not because of its population, or defense budget, but how good the people fare in that country; it is about the …

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Alternative Visions – US Stock Bubble-Causes and Consequences + Italy Banks – 12.09

Jack focuses on the bubble growing in US stock markets, as money capital surges out of bonds and from Europe and emerging markets into US stocks. All US markets are at record levels, with the DOW having tripled since 2009 in value. Jack discusses the various causes and origins of the current bubble, including the global rotation from bonds, anticipated Trump infrastructure spending and massive corporate tax cuts, multi-industry deregulations coming, and devaluing foreign currencies. The recent Saez report on income inequality trends is reviewed in contrast. Why capitalists are switching from monetary, central bank policy now to fiscal policy to continue massive gains for the 1%. Other negative data for the US is reviewed, including productivity trends and public debt. The show concludes with a discussion of the recent Italian referendum and Italian banks and China’s pending currency devaluation and bank problems.

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Africa’s crackdown on tax avoidance nets £204m to boost development

A team of tax experts from Kenya will be deployed to Botswana early next year in the latest round of an initiative that seeks to boost domestic revenue collection to fund national development plans. The move was announced last week at the second global partnership for effective development cooperation meeting in Nairobi, which brought together representatives of governments, civil society, …

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Ellen Brown – “We’ll Look at Everything”: More Reasons Trump’s $1 Trillion Infrastructure Plan Is Terrible

To stimulate the economy, create new jobs and generate new GDP requires an injection of new money. Borrowing from the bond markets or off-balance-sheet in public/private partnerships won’t do it. If Congress won’t issue money directly, it should borrow from banks, which create money on their books when they make loans. The Trump agenda, it seems, is not set in …

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Rosalind C. Barnett, Ph.D., and Caryl Rivers – The New Productive Workforce: Seniors

Advances in medicine and efforts to prevent chronic diseases are lengthening the healthy life span of Americans. They are also helping create a new and highly productive segment of the workforce: seniors. Women especially will benefit, since a woman turning 65 today can expect to live on average until 86.6 years. And those are just averages. About one out of …