Structural capital explanation

Ravitch, Volcker unveil report on state budget crisis  February 27, 2017 – 09:35 pm

Former Lt. Gov. Richard Ravitch and former Federal Reserve Chair Paul Volcker on Tuesday released their report on the fiscal crisis facing the states, an analysis that focuses on New York as well as California, New Jersey, Texas, Virginia and Illinois. The initiative began a year ago; the report was rolled out in a press conference at the Newseum in Washington, D.C.

Here’s the bottom line on the State Budget Crisis Task Force‘s conclusions:

State finances are not transparent and often include hidden liabilities as well as rapidly growing responsibilities which are difficult to control. While state revenues are gradually recovering from the drastic decline of the Great Recession, they are not growing sufficiently to keep pace with the spending required by Medicaid costs, pensions, and other responsibilities and obligations. This has resulted in persistent and growing structural deficits in many states which threaten their fiscal sustainability.

Major fiscal threats include:

  • Medicaid Spending Growth
  • Underfunded Retirement Promises
  • Eroding, Narrow, and Volatile Tax Bases
  • Impact of Federal Deficit Reduction
  • Local Government Fiscal Stress

In addition, budget gimmicks and inadequate reporting mask and encourage fiscal problems, and make them more difficult to solve. While none of our states is on the brink of financial collapse, these threats loom large.

Source: Capitol Confidential

El Salvador: Post-Conflict Reconstruction (Independent Evaluation Group Studies)
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They also make bombs out of paper
Raj Patel
'A little fertilizer, some bleach and some hubcaps to put them all in, and you've got a bomb', he said. 'You can use frozen orange juice and slugs instead of bleach, if you haven't got any', he added helpfully. Sean, a towering neighbourhood 13 year-old fund of wisdom, confided secrets to me that he had cribbed at night from his father's As the Gandhians among us know, you can also make a weapon out of truth. To update Orwell, telling the truth is now a terrorist act. So if we don't become guerrillas armed with truth, satyagrahi? Well, then the real terrorists have already won.
Raj Patel is a co-editor of The Voice of the Turtle.
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Ten Must-Read Economics Books
Randy Albelda, Robert W. Drago, and Steven Shulman, Unlevel Playing Fields: Understanding Wage Inequality and Discrimination (Economic Affairs Bureau, Inc., 2001) Largely free of jargon (technical terms are clearly defined), this book provides a readable, informative, and at times entertaining overview of the economics of race, class, and gender. Albelda, Drag...They Do (W.W. Norton & Company, Inc., 1997) A masterpiece of oral history, and a genuine poetry of alienation, pride, and struggle.
Immanuel Wallerstein, Utopistics: Or, Historical Choices of the Twenty-First Century (The New Press, 1998) A short and readable 'big picture' look at the world political-economic system, and a call for more visionary thinking about a better, more humane world.

Slavery, Racist Violence, American Apartheid: Reparations

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whole no. 31, Summer 2001]
Beginning in July 2001, SUNDIATA KEITA CHA-JUA will direct the Afro-American Studies and Research Program and teach in the history department at the University of Illinois at Urbana- Champaign. Cha-J... appeared in Congressional Record, 105th Congress, 1st Session (June 18, 1997), pp. H3890-H3891; 'Clinton Opposes Slavery Apology,' in Brooks, p. 352; originally appeared in U.S. News & World Report, April 6, 1998, p. 7. return
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US Policy Toward Latin America in the Reagan Years

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The Reagan administration characterized almost all its policies toward Latin America as efforts to promote democracy. The mix of rhetoric and reality in the administration's pervasive use of the demo... of democracy as a lens for understanding Latin America. Only if such limitations and uncertainties are acknowledged can the United States pursue the goal of promoting democracy in a manner that will reflect a productive, realistic sense of the United States' proper role in Latin America and a genuine understanding of Latin America itself. The goal of democracy in Latin America deserves no less.

Whose Millenium? Theirs or Ours?

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Why buy new? Thrift shops merge hunger for greenness and bargains  — Elgin Courier News
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