As a virulent strain of austerity capitalism takes over the world, leaving shattered lives in its shadow ... This research shows that when countries try to compete with each other by lowering wages and slashing the social safety net, the costs are high both economically and socially, and why co-operative and regulated capitalism is a far better path Welcome-hunger-games-brought-mainstream-economics
A new breed of economist is helping firms crack markets
Blame politics for ascent of rich Financial Times
A Manchester councillor has accused half the British Cabinet of tax avoidance during a council meeting this week.
The accusation was made by Labour councillor Rebecca Moore during a Manchester City Council economy scrutiny committee on Wednesday. Her comments were in response to suggestions the council would try to lobby government to close tax loopholes that allow companies to avoid paying tax.
Half cabinet are tax avoiders Friday lay day – unemployment is a pernicious state Bill Mitchell. In fact, it’s state terrorism.
Europe’s Lapse of Reason Joseph Stiglitz
Nighttime Must-Read: Larry Mishel: American Wages Have Stagnated Brad DeLong
Investors put €1.2tn into negative havens Financial Times
As Climate Disruption Advances, 26 Percent of Mammals Face Extinction TruthOut
The Erosion of Law Project Syndicate
Mapping the World’s Problems New York Times
Researchers find exposure to nanoparticles may threaten heart health PhysOrg
Companies Pay Millions To Promote Some Of Their Most Unremarkable Drugs ProPublica
To Treat Depression, Drugs or Therapy? New York Times.
Vanishing New York: Icons and residents crushed by surging rents Aljazeera ... Retail store rents are being doubled in my neighborhood, and businesses are dropping like flies. And their replacements are idiotic high end concepts, like a store for upscale frozen food, that will be dead in a year.