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    Deconstructing Fed Chair Janet Yellen on Unemployment and the Unemployed

    Naked Capitalism - Wed, 08/27/2014 - 06:25
    I would have liked to see some table pounding and shouting about pseudo-scientific constructs like the “Natural Rate of Unemployment” — what’s “natural” about it? — or a heartfelt plea for a well-funded study to find out how the permanently disemployed actually eat, and find shelter, and stay alive — System D? — or even a dim recognition that regulating the economy by throwing people out of work is just as barbaric and inhumane as the medieval remedy of bloodletting.
    Categories: political economy

    Why Wall Street and Consulting Firms Win at the Elite College Brain Drain Game

    Naked Capitalism - Wed, 08/27/2014 - 05:48
    The question of why graduates of prestigious undergraduate schools still wind up, in disproportionate numbers, at places like Goldman and McKinsey may seem so obvious as to be unworthy of notice. Yet perversely, the students aren't keen about these jobs despite having competed fiercely to land them.
    Categories: political economy

    Israel and Gaza Extend Ceasefire amid Last-Minute Attacks

    The Real News Network - Wed, 08/27/2014 - 04:08
    Max Blumenthal assesses the circumstances surrounding the cease-fire from Ramallah

    Blog Roundup: Does Mario Draghi’s Speech at Jackson Hole Signal Policy Shifts?

    Naked Capitalism - Wed, 08/27/2014 - 02:25
    ECB President Mario Draghi is recognizing that the recovery in the Euro area remains uniformly weak.
    Categories: political economy

    Ferguson Resident: "You Can't Talk about Race and Class and Privilege in a Soundbite"

    The Real News Network - Wed, 08/27/2014 - 02:08
    TRNN's Jaisal Noor interviews two local Ferguson residents who say the mainstream media has failed them

    The Islamic State, Assad, and the Contradictions Faced by the US in Syria

    The Real News Network - Wed, 08/27/2014 - 02:08
    Investigative journalist Patrick Cockburn says the U.S. will need to work with Syria and Iran to defeat ISIS, thereby reversing its policy towards Assad

    Philip Pilkington: Econometricians, Financial Markets and Uncertainty – An Anthropological View

    Naked Capitalism - Wed, 08/27/2014 - 00:52
    Yves here. Readers responded positively to Pilkington's anthropological take on the economics tribe, so we are continuing with his series. This post focuses on dodgy econometricians and economic forecasting.
    Categories: political economy

    WaPo Bemoans a Climate Debate It Helped 'Devolve'

    FAIR blog - Tue, 08/26/2014 - 16:00
    The paper's editorial page has a new focus on fighting climate change. But will it keep publishing climate nonsense?

    La Libia alla guerra civile

    News From Mathaba.Net - Tue, 08/26/2014 - 15:29

    Oramai é guerra totale tra gli Islamisti di Libya Dawn e l'alleanza di Libya Dignity. more... | PDA

    If Liberal Zionism Were Dead, What Actions Would That Imply?

    Truthout - Tue, 08/26/2014 - 13:48

    Liberal Zionists have been unwilling to fight politically for their stated beliefs - a two-state solution for Israel and Palestine - or use nonviolent political pressure tactics to force the changes in Israeli government policy that they want.

    If Liberal Zionism Were Dead, What Actions Would That Imply?

    Truthout - Tue, 08/26/2014 - 13:48

    Liberal Zionists have been unwilling to fight politically for their stated beliefs - a two-state solution for Israel and Palestine - or use nonviolent political pressure tactics to force the changes in Israeli government policy that they want.

    The World as WaPo Would Like It to Be

    FAIR blog - Tue, 08/26/2014 - 13:26
    Obama's foreign policy is invariably analyzed as being either foolishly pacifistic or prudently diplomatic. The reality that the Obama administration has used military force on a large scale in many countries is not acknowledged.

    LA Police Refuse to Release Information on In-Custody Deaths, Community Pushes Back

    Truthout - Tue, 08/26/2014 - 12:06

    Demonstrators rally in South Los Angeles to protest the death of Ezell Ford, an unarmed black man fatally shot by a police officer, August 21, 2014. The incident had much in common with the death of Michael Brown in Ferguson, Missouri. (Photo: Monica Almeida / The New York Times)

    Many questions remain as the LAPD refuses to release autopsy reports and the names of officers involved in the shooting death of unarmed black man Ezell Ford and beating death of Omar Abrego in South Central. Frustration grows in a community already mistrustful of police.

    LA Police Refuse to Release Information on In-Custody Deaths, Community Pushes Back

    Truthout - Tue, 08/26/2014 - 12:06

    Demonstrators rally in South Los Angeles to protest the death of Ezell Ford, an unarmed black man fatally shot by a police officer, August 21, 2014. The incident had much in common with the death of Michael Brown in Ferguson, Missouri. (Photo: Monica Almeida / The New York Times)

    Many questions remain as the LAPD refuses to release autopsy reports and the names of officers involved in the shooting death of unarmed black man Ezell Ford and beating death of Omar Abrego in South Central. Frustration grows in a community already mistrustful of police.

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