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Tuesday, July 17, 2018

Why Higher Techie Incomes May Bring Lower Quality Of Life

Reprinted with permission from Creators.

 

It’s the craziest thing. Factory towns that bled both jobs and people still have a fine housing stock, cheap for lack of demand. Booming tech centers, meanwhile, attract battalions of newcomers despite their soaring housing costs and growing congestion.

Can’t something be worked out here?

Amazon.com helped set off the red-hot growth in its hometown of Seattle. With the prosperity came a crisis of homelessness and crushing housing prices for those with moderate incomes. This has created strife. Longtime residents who prize their funky old neighborhoods are fighting off newer arrivals (allied with builders) who want them leveled for apartment complexes.…

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Freeing Predators To Bilk Little People Hurts Everyone

Reprinted with permission from Creators.

The most vivid takeaway from the financial meltdown of 10 years ago was that nearly everyone got hurt. Stock investors took a beating. People who had carefully set aside money for retirement saw a third of their savings vanish. Consumer spending collapsed, pushing two of the Big Three U.S. car companies to the edge of bankruptcy. Unemployment soared to 10 percent.

Taxpayers had to bail out both the banks and the automakers. And no, they didn’t have a choice. It was that or turn the Great Recession into another Great Depression.

The losers were everywhere, but the saddest had to be the ordinary folks who lost their homes.…

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Nobel-Winning Doctors’ Group Denounces Trump Pharma Plan

Reprinted with permission from Shareblue.com

 

The international medical humanitarian group Doctors Without Borders/Médecins Sans Frontières (MSF) slammed Trump’s speech on prescription drug prices Friday, using the White House’s own words to savage the sham proposal.

In a statement, MSF said Trump’s proposed plan to address prescription drug costs “fails to address the root problem” of rising prices and could make medicine unaffordable for the world’s most vulnerable populations while still not reducing costs in the U.S.

The group also hit back at Trump’s suggestion that drug prices in the U.S. are high because other countries aren’t paying their fair share — a suggestion that mirrors Trump’s misguided statements about NATO members.…

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