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Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.

 

How America’s Elites Lost Their Grip

Anand Giridharadas TIME MAgazine
Warren, is a beneficiary of the opening Sanders helped carve for capitalist–critical aspirants to America’s top office. She and Sanders, both enemies of Big Business, are among the top candidates shows how much the politics of capitalism has changed

They Loan You Money. Then They Get a Warrant for Your Arrest.

Anjali Tsui ProPublica
dollar bill with handcuffs High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.

Elizabeth Warren's Plan to Break Wall Street's Stranglehold

Elizabeth Warren Medium
I am tired of big financial firms looting the economy to pad their own pockets while the rest of the economy suffers. I will stop the looting and make sure Wall Street serves the rest of the economy, rather than the other way around.

Trump's Trade War Could Make the Trump Recession a Reality

John Cassidy The New Yorker
The longer Donald Trump persists in his trade war, the greater the chances are of an outright slump developing. That is what the financial markets are telling us, also the implicit message from the Federal Reserve.

Trump's Trade War With China Is Waged to Make the Rich Richer

Dean Baker Truthout
Donald Trump seems determined to double down and keep pressing forward on his trade war with China. He promises more and higher tariffs, not realizing that U.S. consumers are the ones paying these taxes - not China's government or corporations.

Puerto Rico's New Fiscal Plan: Certain Pain, Uncertain Gain

Lara Merling Philadelphia Inquirer; CEPR
Puerto Rico was already in trouble after suffering a “lost decade” without economic growth after 2005, leading to a default on its public debt and mass migration from the island. That was before Hurricane Maria.
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