One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
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We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all.
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Europe can't rely on a Trump-led U.S. for its defence. But, at the same time, it should recognise that the cold war is over - however unwilling to acknowledge it America's industrial-military complex may be.
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There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof.
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After the destruction of New Orleans by Hurricane Katrina in 2005, the shutdown of much of New York City by Sandy in 2012, and now the devastation wrought on Texas by Harvey, the U.S. can and should do better.
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Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.
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Behind Trump's promise to 'make America great again' lie many fallacies. The most important fallacy is that America's place in the world can be restored to the one it occupied after World War II, when Europe was still recovering from vast devastation and most developing countries were still European colonies. It can't be.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically.
