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"Big waste country, the U.S."

To a Chinese Scrap-Metal Hunter, America's Trash Is Treasure: Johnson Zeng is a Chinese trader who travels across the U.S. in search of scrap metal. By his estimate, there are at least 100 others like him driving from scrap yard to scrap yard, right now, in search of what Americans won’t or can’t be bothered to recycle. His favorite product: wires, cables, and other kinds of copper. His purchases, millions of pounds of metal worth millions of dollars, will eventually be shipped to China. [more inside]
posted by zarq on Sep 7, 2013 - 29 comments

The Day Care Dilemma

"Trusting your child with someone else is one of the hardest things that a parent has to do — and in the United States, it’s harder still, because American day care is a mess. About 8.2 million kids—about 40 percent of children under five — spend at least part of their week in the care of somebody other than a parent. Most of them are in centers, although a sizable minority attend home day cares.... In other countries, such services are subsidized and well-regulated. In the United States, despite the fact that work and family life has changed profoundly in recent decades, we lack anything resembling an actual child care system. Excellent day cares are available, of course, if you have the money to pay for them and the luck to secure a spot. But the overall quality is wildly uneven and barely monitored, and at the lower end, it’s Dickensian."
posted by zarq on Apr 15, 2013 - 139 comments

The New York Times - Complaints Aside, Most Face Lower Tax Burden Than in 1980

The New York Times examines how American taxes have changed since 1980
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Nov 30, 2012 - 105 comments

Why Obama Now

Why Obama Now - from Simpsons/Family Guy animator Lucas Gray [more inside]
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Oct 11, 2012 - 61 comments

Get Rid of Employment and Education Directive

A modest proposal to get rid of income inequality in America: just give every household a $10 million dollar loan.
posted by falameufilho on Apr 13, 2012 - 129 comments

20 Facts About U.S. Inequality that Everyone Should Know

20 Facts About U.S. Inequality that Everyone Should Know
posted by ennui.bz on Jun 3, 2011 - 49 comments

Remittances reversed

“We send something whenever we have a little extra, at least enough so he can eat." Remittances, the small money transfers a previous FPP called "the most important antipoverty program in the world", are now flowing the opposite direction. Yes, poor families in southern Mexico are having scramble to find money to send north to their out of work relatives in the US.
posted by Forktine on Nov 18, 2009 - 14 comments

The Economist: The World in 2010

In 2010, Obama will have a miserable year, NATO may lose in Afghanistan, the UK gets a regime change, China needs to chill, India's factories will overtake its farms, Europe risks becoming an irrelevant museum, the stimulus will need an exit strategy, the G20 will see a challenge from the "G2", African football will unite Korea, conflict over natural resources will grow, Sarkozy will be unloved and unrivalled, the kids will come together to solve the world's problems (because their elders are unable), technology will grow ever more ubiquitous, we'll all charge our phones via USB, MBAs will be uncool, the Space Shuttle will be put to rest, and Somalia will be the worst country in the world. And so the Tens begin.

The Economist: The World in 2010. [more inside]
posted by goodnewsfortheinsane on Nov 14, 2009 - 60 comments

UK and USA might lose AAA rating

Standard & Poor’s changed the UK's credit outlook from stable to negative a few days ago, and warned that there is a chance the UK could lose its AAA rating. Meanwhile, Moodys, another of the big 3 rating agencies, has warned that the US might also eventually lose its AAA rating. The UK announcement caused sterling to drop by 1% and the FTSE by 2%. However, many blame the same rating agencies for their part in triggering the subprime crisis. The irony of this is not lost on the Wall Street Journal, who note that "After all, those governments are jacking up spending, in part, to bail out the financial firms who gobbled up those 'AAA' asset backed securities duly blessed by the credit ratings firms." [more inside]
posted by memebake on May 26, 2009 - 38 comments

Going Dutch

[E]ven if you are unemployed you still receive a base amount of [vacation money] from the government, the reasoning being that if you can’t go on vacation, you’ll get depressed and despondent and you’ll never get a job.
[...]
But does the cartoon image of [the Dutch system] — encapsulated in the dread slur "socialism," which is being lobbed in American political circles like a bomb — match reality? Is there, maybe, a significant upside that is worth exploring? [...] I think it’s worth pondering how the best bits might fit.
After a year and a half of living in the Netherlands, American writer Russell Shorto compares the Dutch "welfare state" to the tax, health care and social security systems of the United States.
posted by goodnewsfortheinsane on May 4, 2009 - 119 comments

How the Crash Will Reshape America

" ... the recession, particularly if it turns out to be as long and deep as many now fear, will accelerate the rise and fall of specific places within the U.S.—and reverse the fortunes of other cities and regions." From The Atlantic Online - How the Crash Will Reshape America
posted by Afroblanco on Feb 15, 2009 - 69 comments

People's currency

The FT's Davos blog offers a range of informed comment as our leaders gather in Switzerland to consider the economic mess we're in. But will the ongoing spat between the US and China over the renminbi exchange rate overshadow all else at the World Economic Forum?
posted by Abiezer on Jan 28, 2009 - 17 comments

It’s 1929 again

Can China Adjust to the US Adjustment? Prof. Michael Pettis of Beijing University on the macroeconomic parallels between the present crisis and that of the 1930s, with China playing the role today that the US played back then.
posted by Abiezer on Nov 28, 2008 - 23 comments

AAA?

Anatomy of a Meltdown - Ben Bernanke and the financial crisis (in one page)
posted by Gyan on Nov 24, 2008 - 61 comments

Fannie and Freddie under conservatorship.

Fannie and Freddie have now been placed under conservatorship. [more inside]
posted by SeizeTheDay on Sep 5, 2008 - 93 comments

The Rise of the Rest

The Rise of the Rest. Fareed Zakaria's Newsweek article about a "post-American" world.
posted by goodnewsfortheinsane on May 5, 2008 - 42 comments

The Audacity of Government

A very special 'This American Life' about an administration with the endemic belief that laws only apply to the little people, and a limitless refusal to concede on even petty issues, no matter the costs. The highlight is about immigrant widows of US citizens (30:50). The program also discusses the constitutional beliefs of the presidential candidates. [more inside]
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Apr 2, 2008 - 43 comments

Why the US is collapsing

The leader of the Swedish Pirate Party explaining how the US went bankrupt in 1971, and has been covering it up through an accelerating whack-a-mole borrowing frenzy that is bursting right now. [more inside]
posted by blasdelf on Mar 22, 2008 - 121 comments

US Census Bureau's DataWeb

TheDataWeb - a network of online data libraries on topics including census data, economic data, health data, income and unemployment data, population data, labor data, cancer data, crime and transportation data, family dynamics, vital statistics data
posted by Gyan on Dec 26, 2007 - 10 comments

Friends & Foes of The International Northeast Economic Region

Start or stop Atlantica. [via CBC]
posted by boost ventilator on Jun 11, 2006 - 30 comments

A gilded tomorrow

An American paradox: Why so many families report being financially less secure even as the nation has grown more prosperous. The answer lies in a quarter-century-long shift of economic risks from the broad shoulders of business and government to the backs of working families.
posted by The Jesse Helms on Feb 28, 2005 - 28 comments

Party like it's 1892

Party like it's 1892! "Executive power and patronage have been used to corrupt our legislatures and defeat the will of the people, and plutocracy has thereby been enthroned upon the ruins of democracy."* In the late 1800s, the Populist Party, or People's Party, formed to merge the Farmers Alliance message of economic empowerment for growers with the Knights of Labor's movement to check the growing power and corrupt practices of big business (along with the Greenbacks Party critiques of monetary policy). With a strong base in the midwest and south, the party earned 9% of the 1892 popular vote, won the presidential electoral votes of four states (not to mention electing 10 congressmen, 5 senators, 3 governors, and 1,500 state legislators). However the party's power quickly faded as the Democratic Party co-opted much of the Populist platform while internal disputes culminated in the Populists placing the Dems' 1896 nominee at the head of their own ticket. Nevertheless, the populist movement's influence continued to be felt through various 20th century reforms including direct election of senators, presidential term limits, and abandonment of the gold standard.
posted by nakedcodemonkey on Jan 5, 2005 - 7 comments

Post a great earnings quarter then

Post a great earnings quarter then cut jobs and send them to India. Nice job Bank of AMERICA
posted by Macboy on Oct 22, 2002 - 21 comments

A sign of Global recession?

A sign of Global recession? For the first time I can remember, it's cheaper to buy a console in the UK than it is the States. Over here, we're used to seeing straight dollar to pound conversions ($299 = £299), so this is a first. Do you think it's sign of recession or just Sony developing a conscience?
posted by jiroczech on Sep 28, 2001 - 10 comments

Taliban say

Taliban say they underminded the US economy by halting opium production. ``It's known in select circles.. that opium is more influential than oil in terms of its economic role in America in particular and the West as a whole,''
posted by stbalbach on Jun 16, 2001 - 7 comments

Is the US really entering a recession?

Is the US really entering a recession? Even with recent layoffs, the last time unemployement was this low before 1999 was 1970. And maybe a recession is not such a bad idea, what with spending outmaching saving in recent years. [more inside]
posted by croutonsupafreak on Feb 3, 2001 - 3 comments

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