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"Almost half of employed adults in this country are eligible for food stamps"
Economists believe in full employment. Americans think that work builds character. But what if jobs aren’t working anymore?
working+poor  work  clippings  economy  full+employment  employment  labor 
12 hours ago by mjb
The hidden environmental impacts of ‘platform capitalism’ - The Ecologist
The rise of platform capitalism - Uber, Deliveroo, Facebook - has witnessed billion dollar companies evade workers rights and regulation. This does not bode well for environmental regulations, argues JAMIE WOODCOCK
ctown  environment  economy 
yesterday by bullfrogfilms
Trump Turns To 43-Year-Old 'America First' Trade Law To Pressure China : NPR
President Trump on Monday authorized his top trade official to look into whether China is guilty of intellectual property theft, a move that could eventually lead to trade sanctions.
yesterday by bullfrogfilms
Weekly Economic Update: August 14, 2017
Investors may have been disturbed by the rising tensions between the United States and North Korea last week, resulting in a shift from stocks to long-term bonds.
economy  financial-markets  stocks 
yesterday by Adventure_Web
The Midnight Train to Moscow | Foreign Policy
Tajikistan, the poorest Central Asian state, is among the most labor migration-dependent countries in the world. In 2015, it received the equivalent of 37 percent of its GDP in the form of remittances. Two years before, migrants had sent home the equivalent of 50 percent; by comparison, in 2016, El Salvador and Honduras, two countries with large emigrant populations working in the United States, received 16 and 18 percent, respectively, of their GDP from workers abroad sending money home. Tajikistan’s population recently eclipsed 8 million; at any given time, well over a million of those 8 million people live and work in Russia.
economy  humanrights 
2 days ago by bullfrogfilms
ISIS and the New War Economy | Chatham House, June 8, 2017
Another way to launder this money is by selling Iraqi dinars and buying US dollars, which can be more easily used transnationally. Throughout Baghdad, the organization either owns (via third parties) or relies on currency exchange companies in order to exchange the money. According to insider sources, ISIS is also actively engaging in the Central Bank of Iraq’s (CBI) currency auctions. These auctions are held by the CBI to buy back Iraqi dinars in exchange for US dollars as a means of stabilizing the currency, thus unwittingly providing a route for ISIS to buy dollars from the CBI and sell their massive reserve of dinars.

The next phase of attempts to ‘degrade and defeat’ ISIS will be multifaceted but will have to tackle this new stage of its war economy. ISIS will be investing its cash reserves into both informal and formal economies.
ISIS  Iraq  economy  corruption  crime  budget 
2 days ago by elizrael

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