Our Everyday Lives Have Been Financialized — And It’s Destructive

Costas Lapavitsas The Guardian http://www.guardian.co.uk/environment/ The mature economies of the modern world, particularly the United States and Britain, are often described as “financialized.” The term reflects the ascendancy of the financial sector. Even more important, it conveys the penetration of the financial system into every nook and cranny of society, including...

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Geithner’s Magical Trip Through the Revolving Door

Jim Hightower jimhightower.com http://www.jimhightower.com/node/8198 Timmy Geithner has landed. The Secretary of the Treasury in President Obama’s first term resigned early this year, and we lost track of him for months. But in November, Geithner reappeared, having spun himself through Washington’s revolving door – whoosh, whoosh, whoosh – and flung himself...

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Look at the Stats — America Resembles a Broken Banana Republic

CJ Werleman AlterNet http://www.alternet.org/economy/america-rich-name-only-look-stats-we-resemble-broken-banana-state?paging=off&current_page=1#bookmark Last week, President Obama gave one of the most important speeches of his presidency when he spoke about the rapidly growing deficit of opportunity in this country. It was the president’s most focused and deliberate address on income inequality to date, but for many it wasn’t...

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Listen Up, Budget Cutters. Austerity Can Lead to Blood on the Streets, Even in America

Lynn Stuart Parramore AlterNet http://www.alternet.org/economy/austerity-and-riots Squeeze and push. Punish and strain. Since the global financial crisis of 2008, elites across the world have been on a tear against ordinary citizens, promoting austerity policies that strip hard-working people of their jobs, their security, and their dignity.  In many places, people have...

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The True Price of Great Holiday Deals

Robert Reich RobertReich.org http://robertreich.org/ The most important website last weekend and in weeks to come — on which the hopes and fears of countless Americans are focused (and the president’s poll-ratings depend) — is not HealthCare.gov. It’s Amazon.com. Even if and when HealthCare.gov works perfectly, relatively few Americans will be...

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Hope in the Age of Looming Authoritarianism

Henry A Giroux Truthout http://www.truth-out.org/opinion/item/20307-hope-in-the-age-of-looming-authoritarianism In the current historical moment, the line between fate and destiny is difficult to draw. Dominant power works relentlessly through its major cultural apparatuses to hide, mischaracterize or lampoon resistance, dissent and critically engaged social movements. This is done, in part, by sanitizing public memory...

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