A dormitory. Miniature from a manuscript in French of the "Decameron" by Giovanni Boccaccio (1313-1375), Italian writer, illuminated by the Master of Mansel. 1450 . Arsenal Library, Paris, France (Photo by Leemage/Corbis via Getty Images)

The Hot New Millennial Housing Trend Is a Repeat of the Middle Ages

For most of human history, people were hunter-gatherers. They lived in large camps, depending on one another for food, childcare, and everything else—all without walls, doors, or picket fences. In comparison, the number of people living in most households in today’s developed countries is quite small. According to the Census Bureau, fewer than three people lived in the average American household in …

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Paul Craig Roberts – Western Media Credibility In Free Fall Collapse

The latest from the Gallup Poll is that only 32% of Amerians trust the print and TV media to tell the truth. http://www.gallup.com/poll/195542/americans-trust-mass-media-sinks-new-low.aspx   Republicans, 18 to 49 year old Americans, and independents trust the media even less, with trust rates of 14%, 26%, and 30%. The only group that can produce a majority that still trusts the media are Democrats with …

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Alternative Visions – Why US Workers Are So Angry This Election Cycle – 09.09.16

Media, press, pundits and politicians in the US today keep hyping the US economy as doing well. We hear the US economy is growing nicely, better than other economies at least. Wages are finally rising, and full employment is here.  Jack bunks these and other myths about the US economy on the eve of the US election, and explains why …

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Alternative Visions – Japan’s Perpetual Recession Economy: QEs, Negative Rates, and Helicopters – 08.12.16

Jack reviews the current condition of Japan’s economy, after 8 years of virtual perpetual recession despite record QE central bank injections, negative interest rates, and talk of helicopter money. The Central Bank of Japan as harbinger of global capitalist central banks policy direction and innovation. How central banks-bank of japan free money policies are not only no longer working, but are now having contrary negative effects on the global economy. Japan’s history of monetary policy first, plus austerity, since 1991 has doomed it to perpetual recessions—8 since 1991 and 5 since 2008. Japan as innovator of QE and negative rate policies. The results in creating trillions of non-performing bank loans (NPLs) and more than $13 trillion in negative bond rates since 2014 are reviewed. Growing NPLs and negative rates as indicators of failing capitalist monetary policies as investment slows, productivity declines, wages stagnate and real consumption falters worldwide. Why global economies are about to shift in 2017 to more fiscal infrastructure spending—but will do so ‘too little and too late’ to prevent recessions in 2017.

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CESAR CHELALA – The Critical Link Between Poverty and Health

Concern for the health of the poor is one of the critical issues in development. Poverty cannot be defined solely in terms of low or no income. Lack of access to health services, safe water, adequate nutrition, and education are also essential components of poverty. Poverty and health are closely linked. Poverty is one of the most influential factors in …

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For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

Broad demographic shifts in marital status, educational attainment and employment have transformed the way young adults in the U.S. are living, and a new Pew Research Center analysis of census data highlights the implications of these changes for the most basic element of their lives – where they call home. In 2014, for the first time in more than 130 …

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Leslee Goodman – A Monthly Income Just for Being Human, and Other Sensible Ideas

Unconditional basic income, a policy option that seems radical by American standards, is gaining new traction across Europe, Canada, and even a few places in the United States. Also known as “universal basic income,” the policy mandates a guaranteed stipend to every resident of a community, with no strings attached. It is promoted as a way to address rising inequality, …

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Barry Grey – IMF downgrades growth projections, warns of “synchronized slowdown”

The International Monetary Fund’s “World Economic Outlook” (WEO), released Tuesday in advance of this week’s semiannual meetings in Washington of the IMF and World Bank, gives a gloomy and fraught estimate of the state of the world economy, nearly eight years after the 2008 financial meltdown. The IMF has again downwardly revised its projection for global growth, the fourth straight …

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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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In First, Majority of Americans Now Oppose Nuclear Energy

A majority of Americans—54 percent—oppose nuclear energy, a Gallup poll released Friday found. It marks the first time a majority in the country has felt this way about nuclear energy providing electricity since Gallup began asking the question in 1994. Forty-four percent said they are still in support of it. The new results show a major shift from responses last year, when …