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.
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
Infographics show the classes and anxieties in the supposedly classless U.S. economy.
For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.
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