December 16th, 2014
in Op Ed
by L. Randall Wray, New Economic Perspectives
Dean Baker, everyone's favorite progressive economist (mine, too), has an interesting take on our unemployment problem.
Give more paid vacations.
The idea is that if all the employed work less, employers will need to hire the unemployed to produce what the already employed won't be producing while sunning themselves on Florida's beaches.
Another month, another important UN climate change conference. The latest is in Lima, the capital of Peru. Thousands of experts from the world of politics, business, academia and civil society – and Leonardo DiCaprio – have flown around the world to urge us all to curb our carbon emissions.
“At present, we are stealing the future, selling it in the present, and calling it GDP.” — Paul Hawken
Imagine if a corporation used Gross Domestic Product (GDP) accounting to do its books: it would be adding all its income and expenses together to get a final number. Nobody would think that’s a very good indication of how well that business was doing.
by Franklin (Chuck) Spinney, The Blaster
The United States is careening toward an unnecessary new cold war with Russia. Cold War II may be even more dangerous than the first Cold War, because the constitutional checks and balances and the attention span of the people regulating the US government's behaviour have broken down. While Ukraine is now at the center of this madness, the neocon-driven march to folly has roots reaching well beyond the Ukraine.
How does one come to understand China? Many wish to do so, especially in light of China’s growing global influence.
For some, language is the key that opens the door. With Chinese language, one is able to enter a people and their culture, opening up communication, literature, philosophy, belief and much more. Engaging and studying in translation always presents a barrier to understanding, but language is not enough.