Thursday September 9, 2010
Category >> Economy
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More scenes from the hearing on the tax bill with the secret...
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I would like to take a moment to thank our politicians for yet again screwing Americans over with our own money. It is already frustrating as we watch our jobs continue to exodus overseas. However, its’ infuriating when we use $50 billion dollars of tax payer money, borrowed from China, to do so. Read More...
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This past Saturday I had the chance to visit the mobile Museum of Modern Slavery, which rolls out of Immolokee, Florida.  You may wonder “what slavery?”  You may wonder why Immolokee, and these are the answers I went to find out. Read More...
Economic development folks have been having a rough go of it lately pretty much everywhere that's anywhere. Sure, North Dakota has tons of jobs, but they're in North Dakota. Nobody leaves Guatemala to reach the bright lights of Fargo.  In the real world, things are a lot tougher. Humans are clustering…
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Like sports fans, gamers are expected to get behind something that’s "pro-games" as defined by the game-making bourgeoisie, regardless of whether the measure is good for the overall society in which the ordinary proletarian gamer is compelled to live. When some sports team owner decides he wants to…
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Members of the RIEDC want us to believe they thought long and hard about bringing Curt Schilling’s video game company to the state.  They keep telling us about the extensive conversations and the sleepless nights they had while making the decision.  But you know what was really going through…
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Have you ever watched the TV show Hoarders? It is about those with a mental illness that makes them collect and gather something…animals, newspapers, toys.  But there is another kind of hoarding, one much more dangerous to our society as a whole. It is the hoarding of wealth and money.   Read More...
If we want to really change the future of Rhode Island residents, I think we should start by looking at one area where we are amongst the poorest performers nationwide.  Rhode Island currently ranks 7th in the United States for manufacturing jobs lost to China.  Compounding this statistic,…
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Step One: Form a “Fiscal Commission” tasked with developing a plan (with the end result of implementing the plan) to reduce the budget deficit during the worst economic crisis since the Great Depression.  This will be done by slashing spending on social services, MediCare, Social Security, education,…
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We are told, over and over and over and--you get the idea--that the private sector is a marvel of efficiency, frugality, and steely-eyed realism. What a load of crap. Read More...
A passionate group of activists braved the heat wave and staged a demonstration on the steps of City Hall to demand that our representatives get busy- break the stalemate on extending Unemployment insurance and COBRA benefits pointing out that congress spent money with reckless abandon bailing out the…
With the New Depression stagnating growth and states like RI slated to be back to there we were in 2008 by 2018,  it begs the question- why should we suffer for the mistakes (greed is more like it) of the financial industry that caused it?  Read More...
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In today’s ProJo, there is this story: Read More...
Projo reports today on what can only be categorized as a desperate, last ditch attempt by industry lobbyists to derail the rezoning of the hospital adjacent section of Allens Avenue.  An attorney for the legacy industrial special interests (euphemistically called “opponents of the project” in…
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“The really big fortune, the swollen fortune, by the mere fact of its size acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far…
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Since the end of 2007 (earlier in Rhode Island), the recession has been gripping the nation, making the lives of America's working-class increasingly more difficult as the months progressed.  While some cite that the country may now be experiencing a "jobless recovery," my understanding of economics…
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There has been much discussion on RIFuture on the topics of market failure, government failure, and the supposed danger of monopolizing firms absent Antitrust Regulation by the US Government. From the EconTalk website: Read More...
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In my article yesterday about performance pay for teachers not working to enhance student achievement, a link to this video was posted in the comments.  It deserves its own post. Read More...
Unless the legislature takes action to prevent it during the budget process this week, 850 families and over 1200 children in Rhode Island stand to lose their cash benefits from the RI Works program on June 30, according to the Poverty Institute at Rhode Island College.  As these families risk hunger…
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