new-economics

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(13/30) a photo of your textbook(s)

of 30 day studyblr challenge by @hayley-studies

here’s a photo of my economics textbook (since i’m studying it right now for my exam tomorrow). this is the study method that i use when i only have a day to study - summarize each points or paragraphs in a sticky note, using your own words as much as possible. in addition, write important informations in another color to differentiate it from the rest.

good luck to any of you guys who are having exams soon! xx

Although Trump likes to portray himself as a successful entrepreneur who created a vastly profitable business, many people in the business world have long regarded him as a self-promoting huckster who emblazons his name on properties that don’t belong to him and habitually overstates his net worth.

3 Ways To End Chinatown’s Gentrification

What’s been happening in Chinatown has hardly been silent, even if outsiders have been quiet about it. While neighborhoods like Williamsburg, Crown Heights, and Harlem have all become synonymous with encroaching gentrification, Chinatown probably elicits little more than an acknowledged existence in most New Yorker’s minds. We know something has been changing there, we may have even seen a headline once talking about it, but the large neighborhood covering parts of the Lower East Side and Two Bridges hardly gets its deserved attention.

Many are failing to recognize that if the gentrification happening in Chinatown can be stopped, and neighborhood development managed in a way that benefits all community members, the same can probably be done elsewhere…

Think journalism like this is hard to find? Well, supporting it starts with seeing the whole story.

The November Edition of the Monkerai Review looks at Degrowth.

“Is degrowth essential for just transition?”

Degrowth (décroissance, decrecimiento, decrescita) is a critical interrogation of growth-based economics.

Degrowth thinkers and activists advocate for the sustainable contraction of economies as the core means of addressing long term environmental issues and social inequalities.

While degrowth can frame discussions on the failures of and alternatives to the status quo, its advocates recognise there is no theory of contraction equivalent to the growth theories of economics. Whether or not a theoretical foundation is necessary is an ongoing point of creative tension within its social-grassroots movement, at least within minority, wealthy countries. Its key advocates, such as Professor Serge Latouche and Peter Victor promote it as a wide-ranging economic solution,  others are more sceptical of its co-existence with continuing capitalism and its tendency towards personal-community scale change as opposed to systemic transformation.

People who don’t understand economics, rejoice! NYC raises fast food minimum wage to $15

NYC is primed to mandate a rise in inflation and the unemployment rate all while removing all hope from unskilled workers! Oh happy day.

From the NYT (H/T: WZ)

The labor protest movement that fast-food workers in New York City began nearly three years ago has led to higher wages for workers all across the country. On Wednesday, it paid off for the people who started it.

A panel appointed by Gov. Andrew M. Cuomo recommended on Wednesday that the minimum wage be raised for employees of fast-food chain restaurants throughout the state to $15 an hour over the next few years. Wages would be raised faster in New York City than in the rest of the state to account for the higher cost of living there.

The panel’s recommendations, which are expected to be put into effect by an order of the state’s acting commissioner of labor, represent a major triumph for the advocates who have rallied burger-flippers and fry cooks to demand pay that covers their basic needs. They argued that taxpayers were subsidizing the workforces of some multinational corporations, like McDonald’s, that were not paying enough to keep their workers from relying on food stamps and other welfare benefits.

The $15 wage would represent a raise of more than 70 percent for workers earning the state’s current minimum wage of $8.75 an hour. Advocates for low-wage workers said they believed the mandate would quickly spur pay raises for employees in other industries across the state, and a jubilant Mr. Cuomo predicted that other states would follow his lead.

“When New York acts, the rest of the states follow,” said Mr. Cuomo, a Democrat, citing the state’s passage of the law making same-sex marriage legal. “We’ve always been different, always been first, always been the most progressive.”

Read the Rest (Don’t do it. It’s mindless state-worship.)

I literally laughed out loud when I read this: “We’ve always been different, always been first, always been the most progressive.”

He says it as if it’s a good thing. But I think it explains why New York leads the nation in people leaving the state. Good grief. The level of unadulterated cluelessness displayed by progressive politicians is staggering.

That aside, I truly feel horrible for those unskilled laborers who will no doubt be squeezed out of the job market because of this new minimum wage law, who, in turn, will never get the on-the-job training that all young workers need to improve their skills. And to make matters worse, they were used by politicians who know the truth.

observer.com
How Bernie Sanders Can Save the Democrats
When the heir to Bill Clinton (Hillary) meets the heir to Franklin Roosevelt (Bernie).

William Jefferson Clinton was a very good president and Franklin Delano Roosevelt was a truly great president and therein lies the tale of the battle for the Democratic nomination for president in 2016.

While Republicans discuss whether the presidential debates should be conducted like Pravda in the age of Vladimir Putin, where the party apparatchiks control the media, the Democrats discuss how to define the heart and soul of their party, and whether the party should take the case of true progressivism to the voters in November 2016.

While Hillary Clinton remains the clear frontrunner in the battle for the Democratic nomination, Bernie Sanders remains the conscience of the Democrats in the presidential campaign and the most influential voice—by far—in the great debate about the future of the Democratic Party.

Let me propose three truisms about the 2016 campaign that are vastly underestimated by virtually all political commentators in the mainstream media.

Bernie Sanders is the ultimate conviction politician, taking stands of principle that he has long championed.

Keep reading

slate.com
If You Want to Understand Black Lives Matter, You Have to Understand Katrina
On the fifth anniversary of Hurricane Katrina, in 2010, New Orleans Mayor Mitch Landrieu preached unity. “With the rising water, differences and divisions were washed away,” he said, asking the audience to listen to each other, and embrace their common aspirations. “We will hear and we will learn the beautiful...

‪#‎Katrina‬ ‪#‎BlackLivesMatter‬

“There’s a problem with this capsule summary of Katrina and its place in national memory. It assumes a singular public of “Americans” who understand events in broadly similar ways. This public doesn’t exist. Instead, in the United States, we have multiple publics defined by a constellation of different boundaries: Geographic, religious, economic, ethnic, and racial. With regards to race, we have two dominant publics: A white one and a black one. Each of them saw Katrina in competing, mutually exclusive ways. And the disaster still haunts black political consciousness in ways that most white Americans have never been able to acknowledge.”