David Cay Johnston: The antidote to economic anxiety is better government

The stock market will recover. Whether jobs and pay will come back for most people is less certain

Sharp recent drops in the U.S., Chinese and European stock markets and the large crowds drawn by two very different men seeking to be president, Sen. Bernie Sanders and Donald Trump, point to the same issue: widespread economic anxiety.

Government policies — and to some degree, technological changes — are creating tectonic shifts in the global economy, in which we can observe a few gigantic winners while most strivers get little for their labor. Social unrest is on the rise in China and Europe because of wage cuts and job instability. That induces continual anxiety, occasional fear and, at the moment, outright panic among heavily leveraged hedge funds and other stock traders.

How The Christian Right Ended Up Transforming American Politics

By Daniel Schlozman

Nowadays, the power of the Christian Right is a given. But that wasn’t always the case. In the last 35 years, it’s gone from burgeoning movement to the GOP’s bread and butter. And although its power has waned in the past few years, the last three and a half decades have been remarkably successful.

On August 22, 1980, a massive National Affairs Briefing organized by preacher James Robison brought 15,000 evangelicals to Dallas to demonstrate their newfound political clout. Robison, who had been forced off the airwaves after he claimed that gays recruit children for sex, announced that day, “I’m sick and tired of hearing about all of the radicals and the perverts and the liberals and the leftists and the Communists coming out of the closet. It’s time for God’s people to come out of the closet.”

Against Charity

Rather than creating an individualized “culture of giving,” we should be challenging capitalism’s institutionalized taking.

by Mathew Snow

Imagine you came across a child drowning in a small pond and you were the only one around to help. You could easily save the child by wading in, although doing so would ruin your clothing and shoes. But if you don’t, the child will die.

It’s a no-brainer — you should save the child. Would the answer be any different if there were others around who could also help? No. Should it make any difference if the desperate child wasn’t directly in front of you? No.

Research demonstrates millions of plastic particles exist in cosmetic products

University of Plymouth

Everyday cosmetic and cleaning products contain huge quantities of plastic particles, which are released to the environment and could be harmful to marine life, according to a new study.

Research at Plymouth University has shown almost 100,000 tiny 'microbeads' - each a fraction of a millimetre in diameter - could be released in every single application of certain products, such as facial scrubs.

Paul Krugman: A Moveable Glut

What caused Friday’s stock plunge? What does it mean for the future? Nobody knows, and not much.

Attempts to explain daily stock movements are usually foolish: a real-time survey of the 1987 stock crash found no evidence for any of the rationalizations economists and journalists offered after the fact, finding instead that people were selling because, you guessed it, prices were falling. And the stock market is a terrible guide to the economic future: Paul Samuelson once quipped that the market had predicted nine of the last five recessions, and nothing has changed on that front.

2016: The Coming Train Wreck

The Republican demolition derby is worrying. But even more worrying is where that leaves the Democrats.

Robert Kuttner

Six months ago, the 2016 election looked to be predictable and boring: Clinton II vs. Bush III. Advantage: Clinton.

Well, forget about that.

The Republican demolition derby has been getting most of the publicity lately, but one should worry more about the Democrats.

Low-level arsenic exposure before birth associated with early puberty and obesity

SUBHEADINGGOESHERE

NIH/National Institute of Environmental Health Sciences

Female mice exposed in utero, or in the womb, to low levels of arsenic through drinking water displayed signs of early puberty and became obese as adults, according to scientists from the National Institutes of Health. The finding is significant because the exposure level of 10 parts per billion used in the study is the current U.S. Environmental Protection Agency standard, or maximum allowable amount, for arsenic in drinking water. The study, which appeared online August 21 in the journal Environmental Health Perspectives, serves as a good starting point for examining whether low-dose arsenic exposure could have similar health outcomes in humans.

Paul Krugman: Debt Is Good

Rand Paul said something funny the other day. No, really — although of course it wasn’t intentional. On his Twitter account he decried the irresponsibility of American fiscal policy, declaring, “The last time the United States was debt free was 1835.”

Wags quickly noted that the U.S. economy has, on the whole, done pretty well these past 180 years, suggesting that having the government owe the private sector money might not be all that bad a thing. The British government, by the way, has been in debt for more than three centuries, an era spanning the Industrial Revolution, victory over Napoleon, and more.

Picking Apart One of the Biggest Lies in American Politics: 'Free Trade'

It just enriches huge companies at everyone else's expense.

By Thom Hartmann / AlterNet

In 1992, Ross Perot won almost 20% of the entire presidential vote on the single issue of stopping so-called “free trade.” Today, several presidential candidates are gaining huge traction with similar opposition to NAFTA, CAFTA, and the upcoming Southern Hemisphere Asian Free Trade Agreement (SHAFTA, now called the Trans-Pacific Partnership or TPP).

Time has proven Perot right, and his arguments were consistent with a long history of American industrial success prior to the “free trade” era of the past 30+ years.

Having Their Cake and Eating Ours Too

Chris Lehmann

What are billionaires for? It’s time we sussed out a plausible answer to this question, as their numbers ratchet upward across the globe, impervious to the economic setbacks suffered by mere mortals, and their “good works” ooze across the fair land. The most recent count from Forbes reports a record 1,826 of these ten-figure, market-cornering Croesuses, with familiar North American brands holding down the top three spots: Bill Gates, Carlos Slim, and Warren Buffett. Esteemed newcomers to the list include Uber kingpin Travis Kalanick, boasting $5.3 billion in net worth; gay-baiting, evangelical artery-hardeners Dan and Bubba Cathy, of Chick-fil-A fame ($3.2 billion); and Russ Weiner, impresario of the antifreeze-by-another-name energy drink Rockstar ($2.1 billion). For the first time, too, Mark Zuckerberg has cracked the elite Top 20 of global wealth; in fact, fellow Californians, most following Zuckerberg’s savvy footsteps into digital rentiership, account for 23 of the planet’s new billionaires and 131 of the total number—more than supplied by any nation apart from China and the Golden State’s host country, a quaint former republic known as the United States.

Matt Taibbi: America Has A 'Profound Hatred Of The Weak And The Poor'

Living in America has taught Matt Taibbi that we as a society have "a profound hatred of the weak and the poor."

That's one claim the former Rolling Stone writer makes in his new book, "The Divide: American Injustice in the Age of the Wealth Gap." Taibbi defended this statement in a HuffPost Live interview on Tuesday.

Europe shouldn’t worry about migrants. It should worry about creeping fascism

The greatest threat to our “way of life” is not migration. It is that we will swallow the lie that some human lives matter less than others.

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There is an urban legend about boiling frogs, and it goes like this. If you put a frog in a pan of cold water and slowly, slowly turn up the heat, the frog will sit there quite calmly until it boils to death. Creeping cultural change is like that. It’s hard to spot when you’re living inside it. You can stay very still while the mood of a society becomes harder and meaner and uglier by stages, telling yourself that everything is going to be fine as all around you, the water begins to bubble.

This week I had coffee with a friend who has also just come back from a year away – teaching in Spain for her, studying in America for me. For both of us, coming home has been hard. There are some things I missed that simply aren’t there anymore. A particular shade of lipstick at Boots. My favourite zombie show on the BBC. And most of all, a sense of basic tolerance, however pretended-at, a feeling that there are some ways of talking in public about people who are not white, or not British, or in any way “other2, which are the province of far-right hate groups, the Duke of Edinburgh and no one else.

Trumping the Federal Debt Without Playing the Default Card

By Ellen Brown, The Web of Debt Blog | News Analysis

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default."—Former Fed Chairman Alan Greenspan on Meet the Press, August 2011

In a post on "Sovereign Man" dated August 14th, Simon Black argued that Donald Trump may be the right man for the presidency:

[T]here's one thing that really sets him apart, that, in my opinion, makes him the most qualified person for the job:

Donald Trump is an expert at declaring bankruptcy.

When the going gets tough, Trump stiffs his creditors. He's done it four times!

Paul Krugman: Republicans Against Retirement

Something strange is happening in the Republican primary — something strange, that is, besides the Trump phenomenon. For some reason, just about all the leading candidates other than The Donald have taken a deeply unpopular position, a known political loser, on a major domestic policy issue. And it’s interesting to ask why.

The issue in question is the future of Social Security, which turned 80 last week. The retirement program is, of course, both extremely popular and a long-term target of conservatives, who want to kill it precisely because its popularity helps legitimize government action in general. As the right-wing activist Stephen Moore (now chief economist of the Heritage Foundation) once declared, Social Security is “the soft underbelly of the welfare state”; “jab your spear through that” and you can undermine the whole thing.

How False Narratives of Margaret Sanger Are Being Used to Shame Black Women

by Imani Gandy, Senior Legal Analyst, RH Reality Check

In the wake of the attacks by the Center for Medical Progress, Planned Parenthood’s origins and its founder, Margaret Sanger, have once again become the center of conversations regarding Black women and abortion. And since anti-choice fanatics seem utterly incapable of making an honest argument in support of their position that Black women should be forced into childbirth rather than permitted to make their own decisions about what to do with their bodies, they resort to lies, misinformation, and half-truths about Sanger and the organization she founded.

Dean Baker: Loss of Manufacturing Jobs Isn’t ‘Tectonic’ – It’s a Policy Choice

Wall Street executive Steve Rattner had a column (8/14/15) in the New York Times in which he derided Donald Trump’s economics by minimizing the impact of trade on the labor market. While much of Trump’s economics undoubtedly deserve derision, Rattner is wrong in minimizing the impact that trade has had on the plight of workers.

Rattner tells readers:

In Mr. Trump’s mind (although not in the minds of serious economists), [the trade deficit is] why we’ve lost 5 million manufacturing jobs since 2000.

The Chinese are certainly protectionists, but a shift in manufacturing jobs was inevitable. For centuries, as countries have developed, the locus of jobs has shifted based on comparative advantage.

Inmates Say They Worked Without Pay At Privately Run Nashville Jail

By Travis Loller

NASHVILLE, Tenn. (AP) — Former inmates at a privately run Nashville jail say they worked without pay building bean-bag "cornhole" games, plaques shaped like footballs, birdhouses, and dog beds so that officials could sell them through their personal business at a flea market.

Inmates can legally be required to work without pay, in some circumstances, but jail employees are not supposed to profit from their labor. But former inmates Larry Stephney and Charles Brew say that is what happened with Stand Firm Designs, run by two jail employees and one former employee, according to their business card.

Paul Krugman: Bungling Beijing’s Stock Markets

China is ruled by a party that calls itself Communist, but its economic reality is one of rapacious crony capitalism. And everyone has been assuming that the nation’s leaders are in on the joke, that they know better than to take their occasional socialist rhetoric seriously.

Yet their zigzagging policies over the past few months have been worrying. Is it possible that after all these years Beijing still doesn’t get how this “markets” thing works?

6 Creative New Techniques Republicans Have Developed for Torturing the Poor

Republican-controlled states are sharpening their fight against the poor, and then paralyzing their attempts to fight back.

By David Masciotra / AlterNet

In the 1960s, the Lyndon Johnson administration launched an official War on Poverty. Needless to say, poverty has emerged victorious. The noble and necessary aim of poverty reduction might have helped millions of people create lives of decency and dignity, and it might have helped America assimilate into the developed world as a fiscally responsible and morally honorable nation. But since they fail to narrow the profit margin of the corporate class running America’s political system, poverty reduction programs are basically doomed.

As poverty worsens and spreads, with 25 million Americans constituting the working poor, poverty relief programs face elimination from austerity policymakers on the state and federal levels. In the absence of any war on poverty, America has demonstrated dedication and determination in its war on the poor. In a cruel combination of exploitative profiteering from poverty, and unapologetic hatred for the poor, state governments continue to pick the pockets of the impoverished, relegating low-income earners to a vicious cycle of punishment and recompense; life without parole in the poverty prison.

Social Security at 80: Defending a Program Which Has Defended All of Us

by Nancy Altman

Social Security was signed into law eighty years ago, on August 14, 1935. In those eight decades, it has taught us a number of important lessons.

Social Security has demonstrated that there are some undertakings that government does better than the private sector. Social Security is more efficient, universal, secure, and fair than any counterpart private sector arrangement is or could be.