Zucman, who advised Sen. Elizabeth Warren, D-Mass., on a recent proposal to tax high levels of wealth, warns that these numbers may actually understate the amount of wealth concentrated in the hands of the rich: It has become more difficult to account for the true wealth of the ultra-rich in recent decades, in part because many hide their assets in offshore tax shelters.
The collapse of communism in the other post-Soviet states, along with China’s turn toward capitalism, only added to the kleptocratic fortunes that were hustled abroad for secret safekeeping. Officials around the world have always looted their countries’ coffers and accumulated bribes. But the globalization of banking made the export of their ill-gotten money far more convenient than it had been—which, of course, inspired more theft. By one estimate, more than $1 trillion now exits the world’s developing countries each year in the forms of laundered money and evaded taxes.
In the aftermath of Davos, we’ve learnt that that gathering is a busted flush. Not least, because billionaires don’t ever bite the hand that feeds them. This hand is an economic ideology called ‘neoliberalism’ – and it has created a tiny proportion of people who now own most of the world’s wealth. So what has forty years of neoliberal economics done to us and our political landscape? Host Ross Ashcroft is joined by the economists Mary Wrenn and Frances Coppola to delve into this pernicious economic idea that is responsible for almost all the chaos we see around the world.
Sadly, the TSA’s accumulated procedures and screening practices are actually causing more American deaths. Cornell University researchers found decreased air travel after 9/11 led to an extra 242 road fatalities per month. In all, the researchers estimate that 1,200 people died as a result of decreased air travel. In 2007, the Cornell researchers studied TSA screening procedures implemented in 2002, and found that they decreased air travel by 6% – leading to an additional 129 road fatalities in the last three months of 2002. In terms of casualties, that’s the same as blowing up a fully loaded Boeing 737.
In Knott County, the fiscal court approved a partial shutdown of county government last month. That allows the county’s road department to respond only to emergencies. The fiscal court also canceled health insurance for all county employees and elected officials. And Judge-Executive Jeff Dobson said they will also make cuts to a program that delivers food to senior citizens.
To be clear, she loved her town and its bearing in the coastal California fantasy. She wanted to share it, brag about it, celebrate it. But selling bourgeoise yogurt crocks and $100 bottles of wine to people who didn’t see her as part of their shabby-chic fantasy was becoming difficult to bear. She was also onboarding other displaced “village kids” who were doing exactly what she was doing: moving back home, into their parents’ offices, in-law units, and backyards. Having only kind words and a dead-end service job to offer them was making her grow thorns.
The medical officers declined to set age and time limits, saying that there was not enough evidence to do so. The American Association of Pediatrics gave more specific guidelines in 2016, urging parents to keep infants under 18 months away from screens and to restrict the time young children spend using media.
Human impacts prior to the Industrial Revolution are not well constrained. We investigate whether the decline in global atmospheric CO2 concentration by 7–10 ppm in the late 1500s and early 1600s which globally lowered surface air temperatures by 0.15∘C, were generated by natural forcing or were a result of the large-scale depopulation of the Americas after European arrival, subsequent land use change and secondary succession.
“It is very rapid. In 10 years you will have a quarter less, in 50 years only half left and in 100 years you will have none,” study co-author Francisco Sánchez-Bayo, an environmental biologist at the University of Sydney, Australia, told The Guardian.
“If insect species losses cannot be halted, this will have catastrophic consequences for both the planet’s ecosystems and for the survival of mankind,” Sánchez-Bayo added.
“For Oregon, producing a lot of marijuana is not new news; producing a lot of marijuana that is tracked in the legal system is,” writes Steve Marks, the commission’s executive director. He notes that the state has garnered $198 million in tax revenue from the first three years of its legal cannabis regime, and that only 45% of estimated Oregon cannabis use is supplied by the medical marijuana market, legal home grows, or the black market.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”