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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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S.e. Smith – The U.S. Is in the Midst of an Eviction Crisis

San Francisco — with its tech boom and housing crunch — is infamous for Ellis Act evictions that force tenants out of a building and allow the landlord to “go out of business.” In practice, that means that many tenants are evicted from homes in up-and-coming neighborhoods. Landlords realize that they might make more profit with condominiums or other use …

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Pete Dolack – Could an Economic Collapse be in Our Near Future?

Climate scientists and others have in the past few years issued a steady stream of analyses showing that without immediate remedial actions, a disastrous future is headed our way. But is it a four-decade-old study that will prove prescient? That study, issued in the 1972 book The Limits to Growth, forecast that industrial output would decline early in the 21st century, …

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Credit Card Debt Levels Reaching Unsustainable Levels, Says CardHub CEO

Interview with Odysseas Papadimitriou, CEO of CardHub, on their latest study examining the accelerating increase in credit card debt levels, why he thinks this is unsustainable, and may soon “spiral out of control.” Subscribers can access the full broadcast on Thursday by logging in and clicking here. Not a subscriber? Click here. Forgetting Lessons of Great Recession “A lot of consumers have …

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Jerry White – New study: Entire Regions of US Will Remain in Recession until the 2020s

A new study by a University of California-Berkeley economist says that at current sluggish levels of job growth, entire regions of the United States, which were hit hardest by the Great Recession will not return to “normal” employment levels until the 2020s. This amounts, to “more than a ‘lost decade’ of depressed employment” for “half of the country,” wrote economist …

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Dean Baker – How to Fight Poverty Through Full Employment

One of the most effective ways to combat poverty among current and future generations is to maintain a full employment economy. The point should be straightforward: when the labor market is strong, or “tight,” it offers increased employment opportunities for those at the bottom. Disadvantaged workers are not only more likely to find employment in a tight labor market, they …

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Robert Reich – Are Trade Deals Good for America?

Both Bernie Sanders and Donald Trump are blaming free-trade deals for the decline of working-class jobs and incomes. Are they right? Clearly, America has lost a significant number of factory jobs over the last three decades. In 1980, 1 in 5 Americans worked in manufacturing. Now it’s 1 in 12. Today Ohio has a third fewer manufacturing jobs than it had in 2000. Michigan is down 32 …

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Michelle Chen – Is Retirement Facing Extinction?

The American nest egg is facing financial extinction. Aging workers who thought they could relax in retirement face unprecedented economic stressors, according to new analysis of retirement wealth. Data from Economic Policy Institute (EPI) reveals retirement wealth is turning into retirement poverty for a growing portion of working households. The labor-focused think tank finds that “retirement wealth has not grown fast enough to keep …

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Gary G. Kohls, MD – Big Pharma’s Nefarious Control of Health Care and The Vaccine Injury Compensation Program

Everybody should be aware by now of the large amount of control that for-profit multinational corporations have over both state and federal legislative bodies and most of our congressional and presidential politicians (except for Bernie Sanders and Jill Stein). But they also have a lot of control over the major media, the “defense” spending priorities at the Pentagon, America’ educational …

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Cecilie Harry – Take It from a Dane – Why Bernie Sanders Is Right to Push to Make America More Like Denmark

Bernie Sanders has expressed nothing but praise for the Scandinavian countries. During the first Democratic debate he stated: “I think we should look to countries like Denmark, like Sweden and Norway and learn from what they have accomplished for their working people.” In an interview with ABC News in 2015, Sanders steadfastly stated he wanted the United States to look …