Category Archives: FINANCIAL

The Real Meaning of Obama’s Trade Defeat

by Robert Kuttner,  The American Prospect

The labor movement won big in the defeat of the trade package Friday. But a lot of the commentators are somewhat mystified.  Continue reading

For-profit hospitals mark up prices by more than 1,000 percent because there’s nothing to stop them

by Wendell Potter, The Center for Public Integrity

If you think costs would come down if hospitals were all owned and operated by big for-profit corporations like Hospital Corporation of America, you might want to take a look at a study published last week by the journal Health Affairs. Continue reading

TPP Fast Track is dead… or just sleeping

by streiff,  Red State

Defying President Obama, House Democrats on Friday rallied to vote down legislation granting aid to workers displaced by trade, dealing a potentially fatal blow to the fast-track legislation that had been scheduled to hit the floor. Continue reading

French regulator orders Google to expand ‘right to be forgotten’ beyond Europe

by Chris O’Brien,  Venture Beat

France’s privacy watchdog today ordered Google to expand its delisting program to include all of its search properties around the world. Continue reading

Scariest U.S. Housing Chart Shows Nasty Scar Years After Bust

by Michelle Jamrisko,  Bloomberg

It’s the one chart that keeps Stan Humphries up at night. Continue reading

Why Prescription Drugs Are Ridiculously Expensive

by Bloomberg

Drug spending in the U.S. totaled $330 billion in 2013, according to one estimate. Continue reading

Immigrants do jobs Americans won’t do. Except at Disney

by Newsmachete,  American Thinker

Disney is firing tech employees and replacing them with (legal) foreigners. Continue reading

Who’s Murdering Thousands of Chickens in South Carolina?

by Christopher Leonard,  Bloomberg

The chicken farm on Brewer Road, just south of the small town of Manning in South Carolina, is hidden away down a series of winding country highways, between a patch of forest and an empty farm field. Continue reading

Why U.S. billionaires may not be able to buy the 2016 election

by Emily Flitter,  Reuters

Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a longshot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two. Continue reading

8 Ways Robots Are Taking Over Our Jobs and Our World

by Yves Smith,  Naked Capitalism

Yves here. One of the high potential areas for robot substitution that I see on the list below is staffing of fast food restaurants (as in cooking). Fast food restaurants have limited menus and pre-set, highly specified procedures, making them prime candidates for labor substitution. But notice also the high end professional on the list. Continue reading