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In an administration not known for its subtlety, no comet soared higher, burned brighter, or flamed out more spectacularly than Anthony Scaramucci. For eleven days (not ten, as widely reported, he'll tell anyone who'll listen) he ran the most important communications department in the world, the White House's. By the end of his short tenure — several of the most tumultuous and formative days of the Trump administration — he'd gone from a fairly...
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In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.
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"Are we living the good life--and what defines 'good', anyway? Americans today are constructing a completely different framework for success than their parents' generation, using new metrics that TED speaker and columnist Courtney Martin has termed collectively the "New Better Off"--
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"THE VERGE tells the story of a period that marked a decisive turning point for both European and world history. Here, author Patrick Wyman examines two complementary and contradictory sides of the same historical coin: the world-altering implications of the developments of printed mass media, extreme taxation, exploitative globalization, humanistic learning, gunpowder warfare, and mass religious conflict in the long term, and their intensely disruptive...
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Twenty-six million Americans depended on the defense budget for their livelihood; with the end of the Cold War, many defense workers lost their jobs. Seymour Melman, was then chairman of the National Commission for Economic Conversion and Disarmament, which studied ways to convert military spending to economic redevelopment. In this program with Bill Moyers, Melman discussed ways to convert military spending to peacetime uses, as well as how the importation...
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"In PALO ALTO, the first comprehensive, global history of Silicon Valley, Malcolm Harris examines how and why Northern California evolved in the particular, consequential way it did, tracing the ideologies, technologies, and policies that have been engineered there over the course of 150 years of Anglo settler colonialism, from IQ tests to the "tragedy of the commons," racial genetics, and "broken windows" theory. The Internet and computers, too....
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Green Interview host Silver Donald Cameron presents a documentary on Bhutan that focuses on the country's unique and inspiring pursuit of "Gross National Happiness" as a vision for development; it is in stark contrast to the rest of the world's reliance on Gross Domestic Product. Included are interview clips with Prime Minister Jigme Thinley and Genuine Progress Index founder Dr. Ronald Colman?
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From all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to the United States, its biggest debtor. China's admirers point to the government's ability to mobilize state resources, make decisions quickly, and create a business-friendly environment as reasons for the nation's economic ascendency. But can its brand of state-directed capitalism overcome rampant corruption and the threat of growing inequality,...
78) Stagflation
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1970s America saw a new kind of inflation, based on supply and not demand: "stagflation," caused by Arab oil embargoes and worldwide crop failures. In 1973 President Ford and Fed Chairman Arthur Burns tried to control inflation by choking the money supply. They failed. In the 1990s the U.S. had three ways to ease inflation: Technological innovation, market globalization, and expenditure restraint. Demand management policies fight cost-push inflation...
79) Federal Deficits
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During WWII, our national debt had more than quadrupled, so government encouraged citizens to buy war bonds and federal stamps to pay some of it off. In 1960, President Eisenhower achieved a surplus and reduced the debt, a feat not repeated until the 1990s. But a large tax cut in 2001, three wars, a down market and huge entitlement costs pushed the deficit and the national debt to an alarming new height that forced a fierce confrontation between Congressional...
80) Markets
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The return of U.S. troops from overseas following World War II created a massive demand for cheap housing. Rising labor and energy costs in the United States in the '60s and '70s forced domestic steel manufacturer NUCOR to find ways to lower production costs. In 2009, rookie pitcher phenomenon Stephen Strasburg signed the largest rookie contract in baseball history. These stories show how a well-functioning free market pricing system determines how...