Lessons from the Crisis: Ending Too Big to Fail - Minneapolis Federal Reserve President

Neel Kashkari, Pres. Federal Reserve Bank of Minneapolis Federal Reserve Bank of Minneapolis
The Federal Reserve's newest bank president, a Republican who served as a top Treasury Department official during the financial crisis, called for policy makers to consider breaking up big banks to prevent future government bailouts. His proposals also include: Turning large banks into public utilities; and taxing leverage throughout the financial system. Seven years after the crisis, it is now time to move forward and end TBTF.

How the Geography of U.S. Poverty Has Shifted Since 1960

Jens Manuel Krogstad Pew Research Center
Over the past 50 years, the poor have increasingly lived in the 20 most populous counties. In 2010, about one-in-five poor Americans (21%) lived in these high-density counties.

We the People and our Patents

Shobita Parthasarathy The Conversation
An early expression of democracy, the US patent system is out of step with today’s citizens.

Why Chicago Won't Go Bankrupt - And Detroit Didn't Have To

Saqib Bhatti In These Times
Detroit's bankruptcy wasn't inevitable. Neither is Chicago's. But the austerity hawks don't want you to know that...When cities and states borrow money by issuing bonds, the lenders are typically high-wealth individuals, who purchase the bonds to get a tax break. It is a perverse system through which, rather than paying their fair share in taxes, the wealthy are instead able to lend that money to us, charge us interest for it, and then claim a further tax break on it.

books

`Rise of the Robots' and `Shadow Work'

Barbara Ehrenreich New York Times Book Review
Even the most expensively educated - Lawyers, radiologists and software designers, among others - have seen their work evaporate to India or China. Tasks that would seem to require a distinctively human capacity for nuance are increasingly assigned to algorithms, like the ones currently being introduced to grade essays on college exams.

books

Harvey on Harvey: The Most Dangerous Book I Ever Wrote

David Harvey Reading Marx's Capital With David Harvey
In defining a clear and comprehensive anti-capitalist politics and offering rational and compelling reasons for operating as anti-capitalists, highly readable Marxian scholar David Harvey goes beyond listing contradictions of capital to engage in a systematic account of the web of 17 relationships for what are usually treated as isolated aspects of crisis. Many of the contradictions are manageable, but some in combination also contain the seeds of systemic catastrophe.

food

Ugly Food Gets Attractive

Dan Mitchell Time.com
Less than beautiful produce can be an attractive and economical supply source
Subscribe to Economy