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Progressive Commentary Hour – 09.05.17

Who runs and controls the Federal Reserve and what is its ultimate goal James Corbett is the founder and editor of the Corbett Report, a website he started in 2007 to provide critical analysis on politics, society, economics and history.  He has written, recorded and hosted 1000s of hours of audio and video which has brought him to the attention of major independent media …

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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 …

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Mike Shedlock – Fed Vice-Chairman Admits Fed Sponsors Wealth Inequality

Federal Reserve Vice-Chairman Stanley Fischer made a couple of controversial statements this week regarding negative interest rates. Fisher stated negative rates “seem to work” while admitting they are bad for savers but they “typically they go along with quite decent equity prices.” There are two problems in play. The first is an explicit admission that the Fed sponsors wealth inequality. …

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Early Warning Signs of Recession Flash Faintly in U.S. Jobs Data

As the economy again started off the year on a sour note, the glass-half-full crowd pointed to the strength of the U.S. jobs market as a reason not to worry. As long as payrolls are racking up monthly gains of 200,000 or more, the economy remains in fine fettle, or so the optimists would have it. Take a peek below …

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Dear Janet Yellen, Here Is All You Need To Know About The US Economy: True Unemployment Is Over 12%

One of the great mysteries surrounding the US economy is the seemingly inexplicable discrepancy between the plunging unemployment rate on one hand, which at 5.1% in August was the lowest since April of 2008 – a data point which on the surface would suggest virtually no slack in the labor force –  and the crawling pace of growth of the …

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Exposing The Lie Behind The “Strong Jobs Recovery” In One Chart

With all eyes glued to Friday’s payrolls report, we thought it worth reiterating some ‘facts’ about US employment data. As ECRI notes, the sustained decline in the official jobless rate – now approaching the Fed’s estimate of “full employment” – is a misleading indicator of labor market slack. The data shows thatthe so-called jobs recovery has been spearheaded by cheap …

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It’s Our Money with Ellen Brown – The Centrality of Central Banks – 08.19.15

“No flow, no go.” That may be the simplest way to describe the critical role of central banks to the flow of credit and money into any monetary system. It was the lack of access to cash and bank liquidity that humbled Greece, Detroit and others. Ellen speaks with Dr. Timothy Canova, one of the foremost experts on our central bank, the Federal Reserve, about why their operation of our cash spigot determines who wins and who loses. Co-host Walt McRee speaks with Gwen Hallsmith about a newly published handbook focusing on new ways to invest in local economies and Matt Stannard reviews the Fed from a visionary point of view – what could be accomplished if the Fed worked for the public interest?

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Prof. James Petras – Pillage and Class Polarization: The Rise of “Criminal Capitalism”

About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea.  In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours.  With the longest work day, US workers score …

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Jeb Bush Proves He Has No Clue About US Economics Op-Ed by Naji Dahi

Jeb Bush, one of the leading Republican candidates for the presidency, is in the news again—and not in a good way. During a meeting with the editorial board of the New Hampshire Union Leader, he reportedlysaid the following: “My aspiration for the country — and I believe we can achieve it — is 4 percent growth as far as the eye …

China’s Millionaires Are Leaving China

The jury may be out permanently on the old question of if money can buy happiness, but that hasn’t stopped wealthy Chinese families from trying. There is a growing trend among China’s richest to use their wealth to move themselves and their families abroad. This is done primarily in the form of investment visas. On the flip side, a number …