Iceland just sentenced their 26th banker to prison for his part in the 2008 economic collapse. The charges ranged from breach of fiduciary duties to market manipulation to embezzlement.
Credit: Nation of Change

Iceland just sentenced their 26th banker to prison for his part in the 2008 economic collapse. The charges ranged from breach of fiduciary duties to market manipulation to embezzlement.

When most people think of Iceland, they envision fire and ice. Major volcanoes and vast ice fields are abundant due to its position on the northern part of the Mid-Atlantic Ridge. (A hot July day in Reykjavik is around 55 degrees.) However, Iceland is also noted for being one of the Nordic Socialist countries, complete with universal health care, free education and a lot other Tea Potty nightmares. Therefore, as you might imagine, they tend to view and react to economic situations slightly differently than the U.S.

When […]

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Emergency rooms are health care’s front line – in the United States, nearly 45 out of 100 people visit an ER in any given year. But there’s an issue brewing behind the scenes in emergency medical facilities, one that can’t be fixed by a simple stitch or bandage. A new study published in the journal Academic Emergency Medicine shows that drug shortages in ERs across the United States increased by more than 400 percent between 2001 and 2014.

The study analyzed data from the University of Utah Drug Information Service, which receives drug shortage reports submitted through a public site administered by the American Society of Health-System Pharmacists. Two practicing emergency room physicians assessed whether the reported shortages had to do with drugs used in ERs, then looked at whether they were associated with lifesaving or acute conditions.

Of the nearly 1,800 drug shortages reported between 2001 and 2014, nearly 34 percent were used in emergency rooms. More than half (52.6 percent) of all reported shortages were of lifesaving drugs, and 10 percent of shortages affected drugs with no […]

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A man sits on his car outside the Riverview Baptist Church in Wellsburg, West Virginia April 6, 2011. The city is a part of America’s Midwestern “Rust Belt”, the heartland of the country and home to big unionized manufacturers like the auto and steel industries. Wellsburg, with a population of about 2,500, is located on the Ohio River in the northern panhandle of West Virginia.
Credit: Reuters/Eric Thayer

For the last several months, social scientists have been debating the striking findings of a study by the economists Anne Case and Angus Deaton.* Between 1998 and 2013, Case and Deaton argue, […]

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Leave it to Beaver on set cast photo

Americans say the American Dream is suffering — and that our laziness and low morals may be partially to blame.

Searches for “American Dream” have fallen 24% since Google began tracking this data in 2004 — and when you type “American Dream” into Google, three of the four top autofills are “dead,” “a lie” and “leaving America,” according to an analysis of Google Trends data released Friday in a report by brokerage firm Convergex.

Read: Trump’s downtrodden supporters don’t deserve our sympathy

Furthermore, three in four Americans now say that the “American Dream” — broadly, the notion that through hard work and determination every American can have a successful life — is suffering, according to the 7th Annual American Values Survey unveiled last year at the Aspen Ideas Festival.

What’s more, 69% say the obstacles to realizing the dream are “more severe today than ever” — and note that a decline in work ethic is the primary hurdle to Dream achievement. The […]

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