Daily Archives: July 14, 2018

Fiscal hawks’ tales of doom do not fly with the young

Alexandria Ocasio-Cortez posted on Facebook about the Financial Times article Fiscal hawks’ tales of doom do not fly with the young.

Her is an excerpt from her post.

Ever notice how the “how do you pay for it” argument is selectively employed against working class benefits?

I started reading the article itself. Here is something they failed to adequately debunk.

A prime example of this can be found in the warnings from some fiscal hawks about how financial markets would be overwhelmed by the wave of government bonds needed to fund the stimulus.

In debunking this the Financial Times fails to point out that these bonds, which are required by law but not required to “finance” the stimulus, actually cancels out the stimulative and inflationary impact of the package. In order to get am actual and full stimulus, the Fed would have to buy all the bonds. In other words, one arm of the government would have to buy all the bonds sold by another arm of the government.

Nicaragua: Legitimacy And Human Rights

After listening to some propaganda about Nicaragua on NBC Nightly News, I decided to check in with Telesur to see if possibly we were only getting the side of the USA backed regime change rebels.

Telesur has the article Nicaragua: Legitimacy And Human Rights.

Clearly, Amnesty International and the IACHR have deliberately covered up that reality and misled international opinion, faithlessly exploiting their image as defenders of human rights, just as they do on Venezuela and Cuba. Even so, despite the extreme violence and the egregious dishonesty of its apologists, the U.S.-backed right-wing opposition coup to oust President Daniel Ortega has failed. People in Nicaragua overwhelmingly support efforts to return to normality and a political solution to the crisis. The Nicaraguan authorities will tolerate the IACHR’s theatricals for another few months before the OAS circus eventually moves on. Defeated opposition leaders hoped to impose their coup, failed because they lacked popular support, and now have to accept what the Sandinista government is prepared to agree as the sovereign power in Nicaragua. Miguel Ramos did not die in vain.

Now that we understand the illegitimacy of any regime change sponsored by the USA, it is transparently easy to detect propaganda from our corporate media. For one thing, they will never cover the government side of the issue. Why do they continue to think their reporting will seem to be fair and balanced when they only cover one side?

4 Keys to Getting Into and Staying in Flow

Medium has the article 4 Keys to Getting Into and Staying in Flow.

2. Avoid Interruptions

One focused hour a day of uninterrupted creation time can turn almost anyone into a prolific creator, the key work being “uninterrupted.” When we get interrupted, it kicks us out of flow. In fact it can take up to 15 minutes to get back into flow after an interruption. Designate at least some small part of your day to be completely free of interruptions.

I got reminded by this when someome posted the following image on Facebook.

At one work place I complained about the public address system constantly saying “Attention, Attention please. Paging Joe Blow.” I finally convinced them about the affects of such interruptions. They went to individual pagers instead. This was in the days before cell phones, for those who can remember back that far.

I first read about the concept of being in the flow in the book Peopleware: Productive Projects and Teams.

New Study Confirms That American Workers Are Getting Ripped Off

New York Magazine has the article New Study Confirms That American Workers Are Getting Ripped Off.

Economists have put forward a variety of explanations for the aberrant absence of wage growth in the middle of a recovery: Automation is slowly (but irrevocably) reducing the market-value of most workers’ skills; a lack of innovation has slowed productivity growth to a crawl; well-paid baby-boomers are retiring, and being replaced with millennials who have enough experience to do the boomers’ jobs — but not enough to demand their salaries.

There’s likely some truth to these narratives. But a new report from the Organization for Economic Cooperation and Development (OECD) offers a more straightforward — and political — explanation: American policymakers have chosen to design an economic system that leaves workers desperate and disempowered, for the sake of directing a higher share of economic growth to bosses and shareholders.

It must have been 20 or 30 years ago that I came to the conclusion that being a worker is no way to get rich. You have to be an owner to make it. That’s when I got really interested in buying corporate stocks. I am not rich, but I am a heck of a lot better off now than I would have been had I not reached my conclusion.