Toward a Welfare State
America's inadequate welfare safety net has forced its leaders to take gambles to tackle unemployment, says Will Hutton at The Guardian.
Raghuram Rajan in his book Fault Lines, which recently won the Financial Times Business Book of the Year, says that in the United States, instead of improving the long-run competitiveness of labour force for a global market with a changing mix of industries and required skills, governments have adopted the short-run option of 'let them eat credit' (the title of chapter one). It means that the US government is too ready to stimulate its economy with badly thought-out tax cuts or pork-barrel public spending increases, and to take appallingly stupid risks with monetary policy.
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Quoth the parrot — "Nevermore."
- Edgar Allan Poe (1809–1949) is considered one of America's great writers.
- Poe penned his most famous poem, The Raven, in his 30s.
- Originally, the poem's feathered subject was a bit flamboyant.
Evolution doesn't clean up after itself very well.
- An evolutionary biologist got people swapping ideas about our lingering vestigia.
- Basically, this is the stuff that served some evolutionary purpose at some point, but now is kind of, well, extra.
- Here are the six traits that inaugurated the fun.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
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