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The movement to create state-level public banks is gaining strong ground in at least 12 states.

The Greatest Problem of Investors “The financial memory,” argued John Kenneth Galbraith, “should be assumed to last, at a maximum, no more than 20 years.” Why 20 years? This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as had been its predecessors, with its own innovative genius. Just so. But Mr. Galbraith authored these words in 1990, some 30 years ago… Before the intern...

Biden’s $1.9 Trillion Stimulus Is a Vital Beginning for a New New Deal President Biden has released an economic plan to combat COVID-19 and get the country back on track which, according to many analysts, is inspired by FDR’s New Deal. Lauren Walker / Truthout; Adapted: JIM WATSON / AFP via Getty Images, Hulton Archive By In his first three days in office, President Joe Biden signed no less than 30 executive orders and memorandums, many of which dismantle Trump’s policies. This is an impressive achievement by any standard, but only so much can be done with executive orders and...

The Real Source of Inequality “WAGES for the top 1% skyrocketed 160% since 1979,” reports the left-slanting Economic Policy Institute (EPI). The same post informs us: Wages for the tiptop 0.1% jumped a dizzying 345% across that 41-year space — 345%! What of the 90% beneath them… who hew much of the nation’s wood… and draw most of its water? Their wages increased a mere 26% in the 41 years since 1979. That is, 90% of America’s wage collectors have guttered along, while its top earners have gone skyshooting past them… showing them their dust. But why? Is it because the 90% climb...

>> tiptiptoed to rudeness. >> an amore assertive president obama. >> obama clearly had a good night. >> it was an act of terror. >> he did call it an act of terror. >> on the question of libya both the president and romney were wrong. >> i'm still trying to get the hang of this thing debating. >> time for him to put together a vision of what he did in the final four years. >> i'll keep improving as time goes on. i have one left. >> we have this show. >> cenk: i hear you on that. although you didn't love what you heard last night. the script began as it did in the first debate as it d...