How Donald Trump Could Build an Autocracy in the U.S. – The Atlantic

Frankly frightening.

Those citizens who fantasize about defying tyranny from within fortified compounds have never understood how liberty is actually threatened in a modern bureaucratic state: not by diktat and violence, but by the slow, demoralizing process of corruption and deceit. And the way that liberty must be defended is not with amateur firearms, but with an unwearying insistence upon the honesty, integrity, and professionalism of American institutions and those who lead them. We are living through the most dangerous ch

Source: How Donald Trump Could Build an Autocracy in the U.S. – The Atlantic

How One of the World’s Densest Cities Has Gone Green

Picture of SuperTrees at Gardens by the Bay

Symbol of Singapore, these “Supertrees” belong to a display at the 250-acre Gardens by the Bay. The high-tech structures range from 80 to 160 feet and collect solar energy to power a nightly light show. They have a softer side too: their trunks are vertical gardens, laced with more than 150,000 living plants.

Source: How One of the World’s Densest Cities Has Gone Green

Republican bill to privatize public lands is yanked after outcry

It seems like the Republicans hate nature – especially national parks and anything unspoiled. Especially if there a way to make money while destroying the environment.

 

 

Last weekend, more than 1,000 sportsmen, outdoor business owners, and public lands supporters joined Gov. Steve Bullock (D-MT) in Helena, Montana. Wednesday afternoon, a rally in New Mexico drew hundreds more people, all protesting congressional attempts to sell off or privatize public lands. The outcry was prompted in part by Rep. Jason Chaffetz’s (R-UT) introduction of a bill to sell off 3.3 million acres of public lands — an area the size of Connecticut.

Source: Republican bill to privatize public lands is yanked after outcry

Three Reasons Trickle-Down Tax Cuts Don’t Work

History shows that bad economic ideas almost never die, especially when they serve the wealthy and powerful. There’s no better example of this truth than trickle-down tax cuts. As we write this, the Trump administration is teeing up a tax plan that slashes taxes for the wealthy and the corporate sector, does little for everyone else (repealing the Affordable Care Act actually raises taxes on some with low and moderate incomes), and stiffs the U.S. Treasury to the tune of $6.2 trillion, according to the Tax Policy Center’s estimates.

Source: Three Reasons Trickle-Down Tax Cuts Don’t Work

Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares | naked capitalism

Would be shocking if we didn’t already know that it was true.

So much for the “whcouddanode” theory of the crisis.

Source: Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares | naked capitalism

Meet the Middle Precariat | naked capitalism

The word Precariat was popularized five or so years ago to describe a rapidly expanding working class with unstable, low-paid jobs. What I call the Middle Precariat, in contrast, are supposed to be properly, comfortably middle class, but it’s not quite working out this way.

There are people like the Floridian couple who both have law degrees—and should be in the prime of their working lives—but can’t afford a car or an apartment and have moved back in with the woman’s elderly mother. There are schoolteachers around the country that work second jobs after their teaching duties are done: one woman in North Dakota I spoke to was heading off to clean houses after the final bell in order to pay her rent.

Many of the Middle Precariat work jobs that used to be solidly middle class. Yet some earn roughly what they did a decade ago. At the same time, middle-class life is now 30 percent more expensive than it was 20 years ago. The Middle Precariat’s jobs are also increasingly contingent—meaning they are composed of short-term contract or shift work, as well as unpaid overtime. Buffeted by Silicon Valley-like calls to maximize disruption, the Middle Precariat may have positions “reimagined.” That cruel euphemism means they are to be replaced by younger, cheaper workers, or even machines.

Source: Meet the Middle Precariat | naked capitalism

Andrea Leadsom could be PM in weeks, and these telling discoveries prove she’d be a disaster | The Canary

Aside from the issues raised in the article, Ms. Leadsom was on the BBC when the Brexit win was announced. Her response – now is the time to take a deep breathe and think about the next steps. Right, jump off the cliff and then think about the parachute. Maybe her campaign symbol should be the Coyote from the Road Runner cartoons.

Evidence that damages her bid to become next PM

Source: Andrea Leadsom could be PM in weeks, and these telling discoveries prove she’d be a disaster | The Canary

Our global financial system is broken. Here’s a plan for fixing it | World Economic Forum

The result is what has been called secular stagnation, new normal, ugly deleveraging, balance sheet recession and Japanification. I call it “QE infinity”: a prolonged period of low growth and low interest rates, where policy-makers persist in implementing policies that won’t fix the problem. They won’t ever say they’re out of ammunition, but central bankers are starting to look like naked emperors. “Is monetary policy by itself going to create growth, employment? You seem to give a lot of responsibilities to the European Central Bank. Can monetary policy create growth by itself? The answer is no. Monetary policy can create the economic conditions for growth,” ECB President Mario Draghi told the European Parliament last year. Put differently, there is only so much monetary policy can do to re-start growth: it is an anaesthetic, not a cure. to the European Central Bank. Can monetary policy create growth by itself? The answer is no. Monetary policy can create the economic conditions for growth,” ECB President Mario Draghi told the European Parliament last year. Put differently, there is only so much monetary policy can do to re-start growth: it is an anaesthetic, not a cure.

Source: Our global financial system is broken. Here’s a plan for fixing it | World Economic Forum

Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast | naked capitalism

In a market the size of America’s prices should be lower than in other industrialised economies. By and large, they are not. Though American companies now make a fifth of their profits abroad, their naughty secret is that their return-on-equity is 40% higher at home.

Source: Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast | naked capitalism

Is Universal Basic Income a Powerful Strategy Against Job-Killing Automation? Andy Stern Thinks So | Alternet

The former head of SEIU says it’s time to rethink many of the basics about unions and the workplace.

Source: Is Universal Basic Income a Powerful Strategy Against Job-Killing Automation? Andy Stern Thinks So | Alternet

A Small City with a Big Vision: Chattanooga’s New Form-Based Code – Form-Based Codes Institute : Form-Based Codes Institute

Chattanooga’s form-based code is part of an innovative vision for the city’s economic, environmental and cultural future. Following a recent visit to Chattanooga, Bruce Katz wrote in a Brookings Institute blog, “Something special is happening in Chattanooga.” As Katz points out, too often venture capitalists “pay too little attention to small and mid-sized cities with …

 

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Source: A Small City with a Big Vision: Chattanooga’s New Form-Based Code – Form-Based Codes Institute : Form-Based Codes Institute

Canada willingly makes tax deals with tax havens | Toronto Star

Billions of dollars are moving out of Canada – nearly all tax free – with 92 tax treaties signed.

“I think those of us who warned, 35 years ago, that one of the consequences of this would be, ‘those who have the most would end up paying the least and those with the least would end up paying the most’ — we’ve been proven right. ”

Source: Canada willingly makes tax deals with tax havens | Toronto Star