Stable Genius Liberal

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Britain is officially in double-dip recession, and has achieved the remarkable feat of doing worse this time around than it did in the 1930s. Cameron’s Remarkable Achievement – NYTimes.com The first rule of austerity club is that you don’t talk about anything except austerity.

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If public employment had grown the way it did under Bush, we’d have 1.3 million more government workers, and probably an unemployment rate of 7 percent or less. (via American Austerity – NYTimes.com)

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being a right-wing ideologue and a spineless flip-flopper don’t have to be mutually exclusive conditions. And in Romney’s case, they probably aren’t. The Romney paradox, explained – War Room – Salon.com

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Mr. Romney constantly talks about job losses under Mr. Obama. Yet all of the net job loss took place in the first few months of 2009, that is, before any of the new administration’s policies had time to take effect. So the Ohio speech was a perfect illustration of the way the Romney campaign is… Continue reading Untitled

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Three ducks (Taken with instagram)

Robert Reich: The Significance of Citigroup’s Shareholder Revolt

robertreich:

The shareholders of Wall Street giant Citigroup are out to prove that corporate democracy isn’t an oxymoron. They’ve said no to the exorbitant $15 million pay package of Citi’s CEO Vikram Pandit, as well as to the giant pay packages of Citi’s four other top executives.

The vote, at Citigroup’s annual meeting in Dallas Tuesday, isn’t binding on Citigroup. But it’s a warning shot across the bow of every corporate boardroom in America.

Shareholders aren’t happy about executive pay.

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Europe has had several years of experience with harsh austerity programs, and the results are exactly what students of history told you would happen: such programs push depressed economies even deeper into depression. And because investors look at the state of a nation’s economy when assessing its ability to repay debt, austerity programs haven’t even… Continue reading Untitled

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Ferdinand A. Porsche, who designed the original Porsche 911, the snazzy, powerful sports car that became the lasting signature of the German automobile company founded by his grandfather and later run by his father, died on Thursday in Salzburg, Austria. He was 76. (via Ferdinand A. Porsche, 76, Dies – Designed Celebrated 911 – NYTimes.com)… Continue reading Untitled

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Taken with instagram

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District 12 is a quintessential extractive economy. It’s oriented around a coal mine, the kind of facility where unskilled labor can be highly productive in light of the value of the underlying commodity. In a free society, market competition for labor and union organizing would drive wages up. But instead the Capitol imposes a single… Continue reading Untitled