575 posts tagged with Economy.
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I'll show you where my shoe fits.

Cabinet Battle #1, explained
posted by roomthreeseventeen on Nov 28, 2015 - 34 comments

Democratic Debate at Drake University

Tonight at 9 EST Democratic candidates Hillary Clinton, Bernie Sanders, and Martin O'Malley will come together for a debate in Iowa at Drake University. [more inside]
posted by Drinky Die on Nov 14, 2015 - 169 comments

Rising deaths among white middle-aged Americans could exceed AIDS toll

Rising deaths among white middle-aged Americans could exceed AIDS toll in US A sharp rise in death rates among white middle-aged Americans has claimed nearly as many lives in the past 15 years as the spread of Aids in the US, researchers have said. The alarming trend, overlooked until now, has hit less-educated 45- to 54-year-olds the hardest, with no other groups in the US as affected and no similar declines seen in other rich countries. [more inside]
posted by modernnomad on Nov 2, 2015 - 129 comments

The future of low-wage workers

The Life and Death of an Amazon Warehouse Temp: What the future of low-wage work really looks like. "In the years since Amazon became the symbol of the online retail economy, horror stories have periodically emerged about the conditions at its warehouses—workers faced with near-impossible targets, people dropping on the job from heat or extreme fatigue. This isn’t one of those stories." (SLHuffPost)
posted by Melismata on Oct 27, 2015 - 76 comments

The biggest raise our mothers will ever receive

On Friday, South African university students achieved a historic victory; after a week's protest they ensured there would be no fee increases at universities in 2016. This has been led by women. [more inside]
posted by infini on Oct 24, 2015 - 9 comments

De Profundis Clamavi, o mandarin

In a week when China's troubled economy and plunging stock market have made headlines worldwide, the Globe and Mail probes one of hidden causes of the difficulty the country faces in transitioning to a modern consumer economy: The Ant Tribe, the middle class Chinese who are literally being driven underground. [more inside]
posted by Diablevert on Aug 25, 2015 - 20 comments

Why Your Rent Is So High and Your Pay Is So Low

Why Your Rent Is So High and Your Pay Is So Low
posted by anazgnos on Aug 6, 2015 - 112 comments

Sour Dough: Airbnb's impact in San Francisco

In a five-part series, the San Francisco Chronicle’s Carolyn Said examines Airbnb’s impact in San Francisco. (Previously) [more inside]
posted by Room 641-A on Jul 14, 2015 - 69 comments

Bitcoin is unsustainable

Bitcoin is unsustainable Bitcoin's power usage per transaction isn't remotely sustainable as a wholesale replacement for the conventional financial system. [more inside]
posted by modernnomad on Jul 2, 2015 - 82 comments

Krugman vs. The Austerians. FIGHT!

Krugman battles the Austerians. A little light infotainment for those becoming increasingly frustrated at the counterproductive policies pushed by partisan economists and more disturbingly by whole governments. [more inside]
posted by Beware of the leopard on Jun 26, 2015 - 34 comments

Don't mistake activity with achievement

Aspirational parents condemn their children to a desperate joyless life From infancy to employment, this is a life-denying, love-denying mindset, informed not by joy or contentment, but by an ambition that is both desperate and pointless, for it cannot compensate: childhood, family life, the joys of summer, meaningful and productive work, a sense of arrival, living in the moment.
posted by bodywithoutorgans on Jun 10, 2015 - 86 comments

40 acres and a mule

A Reparations Infographic
posted by aniola on Jun 9, 2015 - 42 comments

Self-Inflicted Wounds

Several recent developments reveal how political and institutional fragmentation in the United States has produced self-inflicted wounds for the U.S. abroad. In all of these instances, America’s ability to exercise economic power in the world has been deliberately curtailed through decisions made unilaterally in Washington by American political leaders.
posted by infini on May 20, 2015 - 19 comments

What are you sharing with me anyway?

Disruption’s Tragic Flaw The case of Uber shows why European companies should not follow the example of their American competitors too closely. It pays to take the needs of customers and contractors into account.
posted by infini on May 14, 2015 - 44 comments

The $179 Million Picasso

Picasso's "Les Femmes d'Alger" sold for a record-breaking $179,365,000 yesterday at a Christie's auction in New York. [more inside]
posted by ourt on May 12, 2015 - 48 comments

What do people in China buy online?

BBC: "Huang's new project is based on a similar idea - this time, he asked people to display everything they've ever bought online. The results are a testament to the overwhelming popularity of online shopping, particularly China's most popular internet shopping platform, Taobao." [more inside]
posted by Wordshore on Apr 29, 2015 - 8 comments

The Asshole Factory

They are designed to disinfect us of our fragility. To cleanse us of our flaws. To disinfect us of weakness. Love, grace, mercy, longing, forgiveness, passion, truth, nobility, dreams. Their objective is to stamp all that out; to eradicate it; to erase it. To replace it with calculation, ruthlessness, self-concern; gluttony; cruelty; anxiety, despair. By using the most sophisticated technology ever made to subjugate, oppress, and goad us into being little torturers ourselves. Our economy doesn't make stuff anymore. So what does it make?
posted by philip-random on Apr 26, 2015 - 92 comments

Dólar Blue

Inside Argentina's Blue Dollar Market. [more inside]
posted by zarq on Apr 23, 2015 - 7 comments

Role-playing games and political economy in Brazil

A short history of gaming in Brazil: "To understand the history of gaming in Brazil dear reader, you must know a little bit about our political and economic history ... In 1991, a small publisher by the name of GSA published a roleplaying game called Tagmar [translation], often lauded as the first Brazilian RPG. ... They also released Desafio dos Bandeirantes, a game set in 17th century colonial Brazil using regional folklore instead of European myths, and a sci-fi game, Millenia [translation] ... In February 1994, the Brazilian authorities set in motion a major economic plan that invigorated the Brazilian economy for the first time since 1973. By March, the currency stabilized enough to assure the population (and companies) that their money would be worth the same by the end of the week ... The happy result for gamers was that companies started buying game licenses right and left." Via. See also History of Brazilian RPGs, History of Brazilian RPG magazines, Role-playing games in education in Brazil: how we do it [PDF], and President Cardoso reflects on Brazil and sociology.
posted by Monsieur Caution on Mar 13, 2015 - 4 comments

Would I argue with the Federal Reserve

Youe life time earnings and something you probably do not want to hear. People projected to earn the median amount will see their earnings grow 38 percent from the time they're 25 to when they turn 55; those in the 95th percentile will see their earnings grow 230 percent over the same period; and those in the 99th percentile will see their earnings grow 1,450 percent. That may seem obvious—those at the top of the wealth differential were probably propelled there by astronomical earnings growth, not a streak of flat earnings. The Fed report, however, points out that the steepest pay increases happen early. "Across the board, the bulk of earnings growth happens during the first decade," Fortunately for me mine took the upward swing after 23 years of employment. There is still hope.
posted by rmhsinc on Feb 14, 2015 - 26 comments

A World Overflowing with Debt

Step Aside from US Centric. Eurocentric and Step into Global Debt. 2007 revisited That's the warning today from McKinsey & Co.'s research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by $57 trillion to $199 trillion, a rise equivalent to 17 percentage points of gross domestic product. While not as big a gain as the 23 point surge in debt witnessed in the seven years before the financial crisis, the new data make a mockery of the hope that the turmoil and subsequent global recession would put the globe on a more sustainable path. This is not new but it is troublesome--particularly the concern that neither austerity nor growth will solve this.
posted by rmhsinc on Feb 6, 2015 - 24 comments

America's "Advanced Industries"

Some statistics and maps about jobs in "Advanced Industries", defined as industries that employ a higher percentage of STEM workers than the national average of all industries and R&D spending per worker above the 80th percentile of industries.
posted by wye naught on Feb 4, 2015 - 4 comments

Will you fulfill your destiny and become a tangerine octodecillionaire?

"Tangerine Tycoon is a realistic tangerine economy simulator. Get your hands on quadrillions of tangerines by harvesting, gambling or trading them on the stock market. Most likely a combination of all 3. They say money is the root of all evil but surely tangerines can't do any harm." [more inside]
posted by jbickers on Jan 23, 2015 - 79 comments

People have phenomenal capacity.

"What Obama would say at the State of the Union if he were being brutally honest": They do it because that's how the game works. They do it because the rules are you line up in front of the other team and then you hit them as hard as you can. They do it because, for one side to win, the other has to lose. And they do it because, if they don't do it, they're off the team. Football has no place for conscientious objectors. [more inside]
posted by roomthreeseventeen on Jan 20, 2015 - 195 comments

“finance is a practice oriented industry”

the heretic’s guide to global finance - Brett Scott interviewed by Lewis Bassett. [more inside]
posted by the man of twists and turns on Jan 19, 2015 - 4 comments

You will come down too soon

A Mexican restaurant has started a Sunday brunch to expand its revenues beyond dinner. A Mercedes dealer, anticipating reduced demand, is prepared to emphasize repairs and sales of used cars. And people are cutting back at home, rethinking their vacation plans and cutting the hours of their housemaids and gardeners.

In Texas, they're hunkering down for the Oil Bust.
posted by four panels on Jan 19, 2015 - 80 comments

When Walmart Leaves

The Ghost Stores of Walmart. "The biggest downside to a Walmart opening up in your community is that after all the protests, the negotiations, and, almost inevitably, the acceptance, the retail giant might just break its lease, pack up shop, and move a mile down the road. The process starts all over again, and Walmart’s giant, hard-won original behemoth of a structure sits abandoned, looming over its increasingly frustrated neighbours."
posted by chunking express on Jan 15, 2015 - 125 comments

“Wasn’t anything we could do about it.”

How White Flight Destroyed the Mississippi Delta (SL longform Atlantic)
posted by roomthreeseventeen on Jan 6, 2015 - 49 comments

"There is hope!"

As the West African Ebola epidemic stretches into its 10th month: researchers have identified the likely cause of the initial outbreak: a young boy playing with bats in a village in Guinea. The NY Times considers how the opportunity to contain the epidemic was missed and the effects of Ebola on West African economies. Vanity Fair takes a look at the failure to contain the disease within Guinea, Frontline goes to "Ground Zero" in Guinea, and searches for a missing Ebola patient. Meanwhile, West Africans welcomed Christmas (previously) and the New Year. Africa Stop Ebola!
posted by ChuraChura on Jan 2, 2015 - 14 comments

Being out of the mainstream financial system not easy even for utopias

Communes still thrive decades after the '60s, but economy is a bummer, man Communes or intentional communities, as their proponents prefer are still going strong but even utopias are struggling to face dystopian economies previous post about international communities in general
posted by 2manyusernames on Dec 7, 2014 - 35 comments

We're hurting innocent people...but we're helping the economy

"Black Friday", a new flick from the makers of "Daylight Saving"
posted by Renoroc on Nov 23, 2014 - 16 comments

Caring for monkeys pays better than caring for children

"Childcare providers’ wage growth was lower than the growth in wages paid to fast food workers. They were consistently in the bottom second or third percentile in salary rankings, sharing that status with parking lot attendants, laundry workers, fast food employees, and bartenders. Perhaps most strikingly, the people who care for our youngest children earn less than those who care for animals in zoos or homes."
posted by COD on Nov 23, 2014 - 56 comments

How to wreck the economy and avoid prosecution for $9 billion

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare. "Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking." [more inside]
posted by homunculus on Nov 7, 2014 - 42 comments

That's regulatory capture!

LEMONADE WAR: a short film starring Patton Oswalt, Taylor Buck, Mo Collins and Werner Herzog. View more films here from We The Economy: 20 Short Films You Can’t Afford to Miss.
posted by brundlefly on Oct 28, 2014 - 20 comments

RIP Loukanikos

A farewell to paws. "The beloved Greek riot dog is dead – and so is his revolution." [Previously]
posted by homunculus on Oct 16, 2014 - 19 comments

Character and ideology and ethics and every day life are all intertwined

Ian Welsh on The Role of Character and Ideology in Prosperity and Why We Live In a Shitty Economy for Most People
posted by T.D. Strange on Oct 6, 2014 - 15 comments

Welcome to the 1099 economy

Silicon Valley's Contract Worker Problem Earlier this year, I hired a house cleaner. I wouldn't have done so normally, but my place was a mess, I was busy at work, and I saw an offer on Facebook that looked too good to be true — a San Francisco start-up called Homejoy was offering home cleanings in the Bay Area for $19. (Not $19 per room or $19 per hour. Just $19.) So I booked an appointment through Homejoy's website, and a day later, a young man showed up at my door. [more inside]
posted by modernnomad on Oct 3, 2014 - 142 comments

I get around

Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan. “I am not sure how I got the loan,” Mr. Durham, age 60, said.

Mr. Durham’s application said that he made $35,000 as a technician at Lourdes Hospital in Binghamton, N.Y., according to a copy of the loan document. But he says he told the dealer he hadn’t worked at the hospital for more than three decades. Now, after months of Wells Fargo pressing him over missed payments, the bank has repossessed his car.

The thermometer showed a 103.5-degree fever, and her 10-year-old’s asthma was flaring up. Mary Bolender, who lives in Las Vegas, needed to get her daughter to an emergency room, but her 2005 Chrysler van would not start. The cause was not a mechanical problem — it was her lender.


This is the face of the new subprime boom. [more inside]
posted by Potomac Avenue on Oct 1, 2014 - 69 comments

The human being is very often not profitable from the system’s POV

According to the philosopher Anselm Jappe, who has come to Lisbon to give a talk at the Teatro Maria Matos, in capitalism we are defined by our relation to labor. But the system is a “house of cards that is beginning to collapse”. It is time to rethink the concept of labor.
posted by a_curious_koala on Sep 28, 2014 - 67 comments

I.P. Freely

What happened to pay toilets in the USA? In the early 1900s, when railroads connected America’s biggest cities with rural outposts, train stations were sometimes the only place in town with modern plumbing. To keep locals from freely using the bathrooms, railroad companies installed locks on the stall doors—only to be unlocked by railroad employees for ticketed passengers. Eventually, coin-operated locks were introduced, making the practice both more convenient and more profitable. Pay toilets then sprung up in the nation’s airports, bus stations, and highway rest stops. By 1970, America had over 50,000 pay toilets. By 1980, there were almost none.
posted by modernnomad on Sep 17, 2014 - 98 comments

Growing Number of Canadians Unprepared For Financial Emergency

According to the Annual BMO Rainy Day Survey released today, "the percentage of Canadians that have enough savings to only cover one month or fewer has climbed to 27% - up 8 percentage points [since 2012]. For those who have one month or fewer in savings, the average fund is only $2,051. …. Three-in-ten Canadians are living paycheque to paycheque or spending more than they earn". The Huffington Post Canada reports that "[t]his comes at a time when Canada's support structures for the unemployed are growing thinner. Recent estimates show that little more than a third of Canadians who lose their jobs now qualify for Employment Insurance."
posted by Jasper Friendly Bear on Sep 8, 2014 - 19 comments

Everything is upside down.

Advice on how to survive late capitalism: "Your life is sold to serve an economy that does not serve your life. You don’t seem to be entertained, Bank-robbin’; your white-hot rage festers. It probably doesn’t help that you live in Brooklyn—this place where in the last ten years rent has spiked 77 percent while real median income has dropped, where the rich (the top 10 percent of earners who, as is well known, control 80 percent of the wealth) and their children live right on top of some of the worst poverty known to this country, while 20 percent of Brooklynites survive somehow below the poverty level, such that the widening income and wealth gap becomes achingly visible here. I could advise you to leave Brooklyn. But I don’t want you to leave Brooklyn."
posted by Snarl Furillo on Aug 1, 2014 - 74 comments

The most expensive decision of my life I made alone.

Now, on the downslope of parenting, I have misgivings about my decision to stay home. It would be far too strong a word to say I have regrets. I don’t know any parent who regrets time spent with their kids, especially kids who have moved on to their own lives. Although I am fully aware that being a stay at home mom was certainly a luxury, staring at an empty nest and very diminished prospects of employment, I have real remorse.
posted by stoneweaver on Jul 17, 2014 - 103 comments

"Free markets killed capitalism," Or really, the other way around.

Monopoly is back: Barry Lynn on the concentration of American economic power — and how we can restore fairness. Highlights: [more inside]
posted by cthuljew on Jun 30, 2014 - 47 comments


Generational Poverty Is the Exception, Not the Rule [more inside]
posted by eviemath on Jun 29, 2014 - 65 comments

Garbage Everywhere

What refuse in India's streets reveals about America’s hidden trash problem
posted by infini on Jun 22, 2014 - 43 comments

It's last call to do your shopping at the last mall

The Guardian on the decline of America's shopping malls. "Dying shopping malls are speckled across the United States, often in middle-class suburbs wrestling with socioeconomic shifts. Some, like Rolling Acres, have already succumbed. Estimates on the share that might close or be repurposed in coming decades range from 15 to 50%. Americans are returning downtown; online shopping is taking a 6% bite out of brick-and-mortar sales; and to many iPhone-clutching, city-dwelling and frequently jobless young people, the culture that spawned satire like Mallrats seems increasingly dated, even cartoonish.

The trend is especially noticeable in the Midwest, a former blue-collar bastion where ailing malls have begun dotting suburban landscapes. Outside of Chicago, Lakehurst Mall was levelled in 2004 and the half-vacant Lincoln Mall is costing its host village millions in botched redevelopment plans. Dixie Square Mall sat vacant for more than 30 years after serving as the backdrop for the iconic chase scene in the 1980 film The Blues Brothers. It was finally demolished in 2012. Many others will similarly lie dormant as they wait for the wrecking ball."
posted by porn in the woods on Jun 19, 2014 - 181 comments

“bordering on a sense of alarm” toward the opposite party

This PewResearch animation graphically shows the growing polarization among US voters during the past 15 years. Part of a 121 page pdf. Pew doesn't address why polarization is happening, but the pundits will try: "Voters are becoming angrier because living standards are falling and the middle class is shriveling." Democrats blame corporations, Republicans blame the government and the Dallas Fed blames robots. [more inside]
posted by stbalbach on Jun 16, 2014 - 213 comments

Re-Thinking the Game of Monopoly

K. Mike Merrill at BigThink has some ideas on how to modernize Monopoly while helping players better understand the nature of our financial system.
posted by reenum on May 17, 2014 - 39 comments

It's only supposed to be 30% of your income

In Many Cities, Rent Is Rising Out of Reach of Middle Class. Here's What $800 in Rent Gets You in 11 Major Cities [more inside]
posted by desjardins on May 10, 2014 - 293 comments

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