Argeo T. Quiñones-Pérez and Ian J. Seda-Irizarry discuss in this piece the crisis in Puerto Rico. Austerity is being imposed with dire consequences for the population. The Democratic primary, won by Hillary last night, divided the left. Quiñones and Seda suggested that Bernie was the hope of those that wanted to start the process of decolonization. … More On neocolonialism and the crisis in Puerto Rico
Soon the blog will be more operational with David Fields, my co-blogger at Naked Keynesianism, posting on a regular basis here. And yes, it has not been weekly in a while. At any rate, if you have any doubts who has benefited from the recovery. Source here.
The new issue of the Credit Suisse Global Wealth Report (2015) has been published. Below the distribution of global wealth. Nothing changed much since we posted the previous version here. As I commented regarding the previous version, the poor are fundamentally in Africa, India, and Asia-Pacific (mainly Bangladesh, Indonesia, Pakistan, and Vietnam), while the wealthy … More Graph/Table of the Week/Global Wealth Inequality
The graph comes from Mike Konczal’s review of Naomi Murakawa’s The First Civil Right: How Liberals Built Prison America in Dissent. The book disscusses the role of Liberal (in the American sense of the word) role in the rise of prison population.
Figure below shows that while the official figure for the Pentagon spending abroad was around 22 billion dollars, the actual one was more like 71 billion dollars. That does not include the additional spending with wars (another 97 billion or so). From Base Nation by David Vine.
Data expected to show that coverage rates after Obamacare have increased significantly, and that the percentage of uninsured has declined to around 11%. Read more here.
Next week the Fed decides (or not) to start raising interest rates. The graph shows that both the European Central Bank (ECB) and Sweden’s central bank, the Sveriges Riksbank, did that in the recent past, only to be forced to reverse their stance. The Wall Street Journal piece here (subscription required).