Comments made last week by the former Clinton, Obama and now Biden economist Lawrence Summers contesting whether it was sensible for the US government to provide a $US2,000 once-off, means-tested payments was met with widespread derision and ridicule from progressive commentators. While Summers might have been correct on the macro issues (we will see) he certainly wasn’t voicing progressive concern about the distributional issues and should not be part of the in-coming Administration.
“We’ve confused rent with profits, value extraction with value creation.” Read here
Internal projections from one of world’s largest oil producers show an increase in its enormous contribution to global warming Read here
GRECO report is very harsh on the Spanish government’s inaction and puts emphasis on police corruption Read Here