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The Best in Alternative News

‘X’ Marks the Spot Where Inequality Took Root: Dig Here…

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In 2002, I heard an economist characterizing this figure as containing a valuable economic insight. He wasn’t sure what the insight was. I have my own answer. The economist talked of the figure as a sort of treasure map, which would lead us to the insight. “X” marks the spot. Dig here. The graphic below […]

It’s Official: Economy Grew at a 2.9 Percent Rate to End 2017…

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The economy grew at a 2.9 percent annual rate to end 2017, the Bureau of Economic Analysis reported Wednesday in its final update to its estimate of Gross Domestic Product. That figure was revised up from 2.5 percent in the second estimate of GDP, thanks to better consumer spending and higher business investment in inventories […]

The Uber Crash Is Just the Start: How the Gig Economy Threatens the Future of Work …

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Uber, the embodiment of the sharing economy, was once again propelled into the spotlight on March 19, 2018, after one of its self-driving cars struck and killed a pedestrian in Arizona. This has resulted in renewed debate over the safety of Uber’s driverless cars, as well as over its illegal and unethical tactics of skirting […]

Here’s Who Hired the 313k Employees…

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While February was expected to match the January payrolls number at best, the February payrolls print was a blockbuster, blowing expectations out of the water with 313K jobs added, over 785K according to the Household Survey, and a record 1 million full and part-time jobs. So which sectors were responsible for the surge in February […]

Federal Government Gives $2 Billion if Businesses Hire Aliens over Americans…

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The Federal government is still incentivizing businesses to favor immigrants over Americans, to the tune of $2 billion in subsidies across the country, according to the Center for Immigration Studies. They do this via the Optional Practical Training (OPT) program. This program by the Federal government provides money to businesses that discriminate against American citizens […]

Tech Moguls Driving Mass Layoffs in the Economy Want Universal Basic Income As a Cure…

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Driverless cars! IBM Watson! News-writing robots! Amazon Go! The future is here, friends, and it apparently excludes humans. People are preparing for the next mass extinction — an evaporation, if you will — not of humans, polar bears or other creatures, but of jobs. This prospect has been sending shivers through humanity, from New York […]

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