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Economics

Tech workers (Oli Scarff / Getty)

In ‘Gig Economy’ Future, Employees Don’t Exist

The “gig economy” is the term for corporations embracing the “on demand economy,” “collaborative consumption” and “sharing economy” bandwagons to restructure “work” into small projects of limited duration so that big business can justify legally dumping employees and hiring contractors. With employee benefit costs exceeding 46 percent of wages and workplace litigation spiking, “employees” don’t exist in the future of work.

C-17 (Kevork Djansezian / Getty)

Boeing Auctioning Long Beach Aircraft Factory Equipment

Over the last decade, California has lost half of the 35,000 Boeing employees who were working at very good jobs at very good wages. Despite labor troubles, there was always hope that another military spending cycle would eventually fill Boeing’s cavernous aircraft assembly plant in Long Beach. But the dream is about to expire, as Boeing starts auctioning off all the plant’s equipment.

AP Photo/Darko Vojinovic

America’s Openly Gay Ambassadors Boast: ObamaTrade ‘Will Export’ LGBT Agenda

The op-ed’s authors state that they are already promoting the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (T-TIP) abroad. “In speaking about these agreements, we often use the word ‘values,’” they write. “We promote transparency, public participation, accountability and the rule of law, and we advocate for our host countries to join us in setting the global standard.”

ABC News

Obama Pledges $110 million Drought Relief as El Niño Arrives

With Tuna Crabs overrunning San Diego beaches in the first signs that an El Niño weather condition is bearing down on the Western United States, the Obama Administration raised this year’s federal emergency drought funding for the seven Western states to $300 million. After limited aid during two years of inaction, the Obama Administration is going all-in for drought relief, just as El Niño’s torrential rains will soon arrive.

John Hennessy (Steve Jennings / Getty)

Stanford President Hennessy Resigns, as Biz School Rated #1

Stanford University President John Hennessy just announced that he will resign next year after a 15 year run, shortly after the Stanford Business School was rated number one on the planet. By conversations on the web, Stanford is by far the most mentioned university, because most of the captains of Internet industry are its graduates.

AP

Greek Communists Storm Finance Ministry Protesting EU Proposals

Individuals associated with the All Workers Militant Front (PAME), a communist trade union, stormed the Greek Foreign Ministry on Thursday, demanding the far-left government of Prime Minister Alexis Tsipras not agree to any austerity reforms with the European Union, reforms demanded by both the EU and creditors to help Greece avoid a debt default.

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Ted Cruz Channels Paul Ryan: ‘A Lot of Misinformation’ on Obamatrade That ‘You Can Get on the Internet’

Sen. Ted Cruz (R-TX), a 2016 Republican presidential candidate, defended his decision to vote for Trade Promotion Authority (TPA) that would fast-track the Trans Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (T-TIP) and Trade in Services Agreement (TiSA)—among other deals—during a Thursday interview with the Hugh Hewitt radio program.

AP Photo

Google’s Obsession With Cities: A Brief Explanation In 3 Maps

Google has just announced a brand new initiative to improve city life, Sidewalk Labs, which will tackle cost of living, transportation, and the environment for urban citizens. While details are scant, it’s worth noting that suburban-based Google is just the latest influential tech giant to join the “cities” bandwagon.

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Sessions: Paul Ryan Claim TPA Limits Obama ‘Ridiculous’

On Thursday’s broadcast of Laura Ingraham’s radio show, Sen. Jeff Sessions (R-AL), an outspoken opponent of the so-called fast-track Trade Promotion Authority (TPA) being currently being considered by the U.S. House of Representatives, took on his fellow Republican Rep. Paul Ryan

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Christie: No ‘Trust’ for Obama with Trade Promotion Authority

This week at St. Anselm College in Manchester, NH at the “Politics and Eggs Breakfast,” when asked about the Trans-Pacific Partnership, Gov. Chris Christie (R-NJ), a potential candidate for the 2016 Republican presidential nomination, said, “If we had a president who I

Medicare (Justin Sullivan / Getty)

Medicare Hits 50 Years Old and Is Broke as a Joke

On July 30, 1965, President Lyndon Johnson signed Medicare into law and enrolled former President Harry Truman as its first beneficiary. But today, federal unfunded liabilities are catastrophic for future taxpayers and economic growth. The US Debt Clock lists federal unfunded liabilities at $97 trillion. That equals about $818 thousand per taxpayer; about three times average U.S. net worth; and 131 percent of world GDP.