$19 billion? $8 billion? A few hundred million? Estimates are all over the map regarding the European Commission’s imminent decision on whether Apple received illegal, unnotified state aid (subsidies) from Ireland. As I mentioned two years ago, two factors go into the Commission’s claim: Ireland’s creation of a corporate entity that is taxable nowhere, and […]
I don’t want to compare myself to other people [in contention for the job], but I will tell you I’ve spoken with so many groups and I’ve represented those folks as a small-town lawyer, as a small-town mayor, as a state senator, then representing the state. I understand those folks and their struggles,” [Agriculture Secretary […]
[New British Prime Minister Theresa] May — who campaigned for “remain” in last month’s E.U. referendum — had vowed to unify her bitterly divided party by appointing “leave” and “remain” advocates alike to top posts. She has made good on that pledge. But she also chosen to banish Gove and others who had been critical […]
Here is the video of Senator Warren at the New America’s open market’s program event. There are other videos from the event at this link. Streaming Video Services
Via Alternet: “Reigniting Competition in the American Economy”: Keynote Remarks at New America’s Open Markets Program Event By Elizabeth Warren June 29, 2016 Thank you, thank you. As Barry mentioned, before I was a senator, I was a law professor. What he didn’t say is that I taught contracts, secured transactions, and bankruptcy—all courses related […]
Blogger Phil Ebersole writes today in a post titled “Monopoly power and what to do about it” (all boldface in original): The trouble with the U.S. economy is monopoly power. Concentrated business power means less consumer choice, less opportunity for entrepreneurs and greater concentration of wealth. Senator Elizabeth Warren Senator Elizabeth Warren described the problem very […]
by New Deal democrat How “the Ultimatum Game” explains the Populist backlash to Globalism All over the developed world there has been an erupting surge of both left-wing (Sanders, Corbyn, Syriza in Greece, Podemos in Spain) and right-wing (Trump, UKIP, France’s LePen) populism. The global elites recoil in horror. According to most tellings of mainstream […]
A detailed update follows the original post. ____ Is the window closing on Bernie Sanders’s moment? A number of folks, your humble blogger included, have suggested as much. We’ve argued that with Democrats seeming to unite behind Hillary Clinton, it’s possible that the longer Sanders withholds his endorsement for her in the quest to make […]
by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT An Overview of the Overview The 2016 Trustees Report didn’t have much new to say, so the usual commentators were free to say what they have always said, which is mostly wrong. A careful reading of just the Overview (p 2 to 25 of the Report) will help […]
The risk is that [Sanders] will lose his moment because some Clinton partisans already see a more centrist campaign as the best way to win over millions of middle-of-the-road voters who find Trump abhorrent. Sanders has to decide if accelerating his plans to endorse Clinton is now the best way to maximize progressive influence. — […]