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The American Savings Crisis, Explained

Jeff Spross The Week
Americans didn't magically suffer a collective collapse in self-discipline over the last four decades. So what changed? The economy, stupid.

7 Words You Can't Say at Trump's CDC

Jon Queally Common Dreams
'Making America Stupid Again': Outrage Over Forbidden 7 Words You Can't Say at Trump's CDC The existence of a list of reportedly banned words—including "vulnerable," "entitlement," "diversity," "transgender," "fetus," "evidence-based" and "science-based"—was described by Sen. Kamala Harris as "downright ridiculous."

Friday Nite Videos | December 15, 2017

Portside
Black Women Save America from Roy Moore. "I Want a Marriage Like They Had in the Bible." Doug Jones Wins in Alabama; Moore, Bannon and Trump Lose. How to Be the Perfect Rape Victim. R.I.P. The Internet.

As the ANC Meets: Whither South Africa’s Historic Liberation Organization

Raymond Suttner Mail & Guardian
This weekend the African National Congress will choose a new president to replace Jacob Zuma, but all of the contenders have been, in varying degrees, complicit in Zuma's corrupt rule. While one needs to be cautious before suggesting an organization that has been at the center of freedom struggles for over a century will disappear, it is equally difficult to imagine the ANC ever regaining the moral stature and trust it once enjoyed, whoever is elected to lead the ANC.

Owning is the New Sharing

Nathan Schneider Sharable
The Silicon Valley-based network Shareable dispatched Nathan Schneider to write a report on the growing movement to experiment with new forms of economic democracy online. Schneider states that "A popular mantra among sharing-economy boosters has been "sharing is the new owning." What I found is the opposite." Given concerns about the sharing economy, Schneider examined cooperatives, networks of freelancers, cryptocurrencies, and more.

Wall Street's Democrats

Robert Reich Robert Reich
Carried interest allows hedge-fund and private-equity managers, as well as many venture capitalists and partners in real estate investment trusts, to treat their take of the profits as capital gains — taxed at maximum rate of 23.8 percent instead of the 39.6 percent maximum applied to ordinary income. So why didn’t Democrats close it when they ran Congress?