Portside

We will run next year because the alternative is too awful to contemplate

The miners union has filed suit claiming that Arch Coal and Peabody Energy designed Patriot Coal to fail—then shifted over a billion dollars in pension and retiree health care debts to Patriot as a ploy to get out of those obligations. The UMWA fears if Peabody and Arch get away with spinning off their obligations to a company designed to collapse, more coal companies will take similar measures.

Self-righteous critics have portrayed Social Security as the profligate monster borrowing from the Treasury and sucking the life out of federal government. It's the other way around. The Treasury has been borrowing from the Social Security Trust Fund for 30 years, and the debt to beneficiaries now totals nearly $3 trillion. The financial barons and their media collaborators would like to get out of repaying the debt by cutting benefits over and over again. Count on it.

The Congressional Research Service points out two things that are missing in Canning: precedent and practicality. A quick glance at a dictionary written more than a quarter-century before the Framing, in another country, was enough to sweep away any counterarguments -- most particularly the argument that, whatever words the Framers may have chosen, they were designing a government that would work, not one that would fall apart whenever 40 senators felt grumpy.

A dietitian working on a panel charged with setting policy on genetically modified foods for the academy contends she was removed for pointing out that two of its members had ties to Monsanto, one of the biggest makers of genetically modified seeds. The incident arises at a time of growing consumer awareness and debate over genetically modified foods — with more than 30 states considering labeling laws — and rising pressure on companies to reduce their use of GMOs.

I certainly agree that theoreticians often find it hard to find empiricists who will make use of their equations. But whose fault is that? Seems to me that the fault often lies with empiricists who stick with their intuitions come hell or high water, and who actively resist the discipline that mathematics imposes on their groundless daydreaming. Intuition is great–as long as it’s only a starting point, and as long as you’re prepared to give it up when it’s proven wrong,

Kurds, Social Security, Budget, Margaret Thatcher and more

a very different kind of memorial – the stumble stones

With Americans' interest in socialism rising, we need to seriously consider alternative designs to the current system, argues Alperovitz, in this practical critique of some known models.

The gulf between CEO pay and staff McWages is shockingly wide: a strike serves this system of super-exploitation right