Fossil Fuels Are Likely To Go Bust Regardless Of Climate Action

Stephan:  It is beginning to become clear to people who actually pay attention to facts that by any one of several metrics the carbon age is ending no matter what Trump and his minions do to stop that from happening. I consider this good news.

Abandoned oil wells

Ten years ago Blockbuster CEO Jim Keyes said he wasn’t worried about digital streaming. “I’ve been frankly confused by this fascination that everybody has with Netflix,” he said. Blockbuster’s head of digital strategy echoed this sentiment, asserting the company was “strategically better positioned than almost anybody out there.” Not long after, Blockbuster went the way of the butter churn, while Netflix became a household fixture. Today, the movie streaming service is worth almost as much as Disney.

To most people, that’s a funny story about the hubris of a technological dinosaur. Imagine, however, if Blockbuster had been a cornerstone of the U.S. economy, that millions of people had been employed in the manufacture and sales of Jurassic Park DVDs, that there were hundreds of cities dotting the South and Midwest where brick-and-mortar video rental was the only job in town. Then, the collapse of Blockbuster wouldn’t […]

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Neglecting Aging Public Transportation Hurts Our Economy

Stephan:  Passenger trains in the U.S. are limited to 59 mph and freight trains to 49 mph with a few exceptions. In japan The maximum operating speed is 320 km/h (200 mph). Railway officials in China lowered the top speed of trains on most lines that were running at 350 km/h (217 mph) to 300 km/h (186 mph). Trains on the Beijing-Tianjin high-speed line and a few other inter-city lines remained at 350 km/h. In France typically, top speed in commercial service is 300 km/h (186 mph). The truth is the United States isn't even in the second tier when it comes to rail transportation. We're down with Chile, and third world nations. We've actually gone backwards. In 1850, in the U.S., we had trains running at 125.6 km/h (78 mph). As this report makes clear, the shabby state of American rail has all kinds of implications.

Aging American Train

Many people are aware that our nation struggles with modernizing and restoring its crumbling transportation infrastructure, and they likely know that this in part comes from decades of underinvesting in America’s transportation systems. But it may be a surprise to learn just how much this underinvestment — specifically in America’s aging bus and rail transit infrastructure — directly negatively affects our economy today and in the years ahead.

The Federal Transit Administration has identified a backlog of $90 billion needed to restore and modernize U.S. public transit infrastructure and assets.

PUBLIC TRANSPORTATION IS A CATALYST FOR JOB CREATION

It’s a link to jobs and opportunities for people in communities large and small. It’s a catalyst for economic growth, attracting development and increasing property values. It’s an innovation that benefits all Americans, whether they use it or not.

$  1    $  4

Every $1 invested in public transportation generates approximately $4 in economic returns.

8 7 %

87 percent of public transportation trips directly […]

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Trump administration rolls back racial diversity guidelines for colleges

Stephan:  The Trump administration doesn't even bother to hide their racism; quite the contrary, they tout it because it speaks to their White supremacist racist base. They see it as a plus.

Graduating seniors line up to receive their diplomas during Commencement at Wellesley College in Wellesley, Massachusetts, U.S., May 26, 2017.
Credit: Reuters/Brian Snyder

WASHINGTON — The Trump administration on Tuesday rescinded an extensive set of guidelines put in place under President Barack Obama that had called on colleges and universities to consider race as a way of promoting diversity.

U.S. Attorney General Jeff Sessions said the 24 documents many of which gave advice to schools on how to deal with Supreme Court decisions on race and admissions “were unnecessary, outdated, inconsistent with existing law, or otherwise improper.”

It has the effect of bringing the federal government’s position on affirmative action close to that of the George W. Bush administration which held that race could be considered only if a university had no other way of achieving a diverse student class.

The U.S. Supreme Court has ruled over a series of cases that universities may use affirmative action to help minority applicants get into college. Conservatives have argued such programs can […]

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The Supreme Court just quietly gutted antitrust law

Stephan:  Associate Justice Kennedy's retirement swamped out other important news from the Supreme Court, including the change described in this report. The court, the congress, and the president are all actively complicit in the rise of Neo-feudalism. There is a conscious, explicit strategy to reduce the mass of the population to serfdom in service to the aristocracy of the uber-rich. You can choose not to believe this, but it is happening whether you see or admit it.

The Supreme Court
Credit: Tim Sackton / Flickr

The decision was overshadowed by other blockbuster cases and the announcement of Justice Anthony Kennedy’s retirement, but the Supreme Court last week delivered the most significant antitrust opinion by the Court in more than a decade — one that made it extraordinarily more difficult for the government to rein in certain companies that abuse their market power. (emphasis added)

The case was Ohio v. American Expressand it arrived against a backdrop of growing public recognition of the excessive clout wielded by corporations over American workers and consumers, and rising interest in anti-monopoly law and policy, especially on the left.

In it, the Court dealt a huge blow to the ability of government and private plaintiffs to enforce existing antitrust laws, making it easier for dominant firms — especially those in the tech sector — to abuse their market power with impunity.

How American Express exerts pressure on merchants

This case asked whether certain restrictions American Express places on merchants violated the Sherman Act, which prohibits certain monopolistic […]

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Anatomy of a 97,000% drug price hike: One family’s fight to save their son

Stephan: 
As if we needed one more proof here is yet another story showing that in the United States we do not have a healthcare system, we have an illness profit system.
How is it possible this is tolerated? Perhaps because 64 per cent of Americans have never been outside of the U.S. borders so they literally have no conception of what real healthcare looks like, behaves like.

The payment statement that Danielle and Jonathan Foltz received from the pharmacy for one vial of Acthar for their son Trevor.
Credit: Kayana Szymczak/CNN

NEWPORT, RHODE ISLAND — Trevor Foltz splashes in the pool in his grandparents’ backyard. His brother and sister join in the fun, as does their father.

Their mother, Danielle, watches from a nearby lawn chair. She’s like a hawk, keeping a close eye on Trevor and the rest of her brood.
It was 10 years ago in this backyard when a similar moment of revelry was shattered. Trevor, then a toddler, was running around, having the time of his life, his mom keeping steady watch.
Trevor suddenly came over, placed his hand on her knee and looked directly into her eyes. He tried to speak but couldn’t say a word. Then his head twitched ever so slightly to the right. Their gazes locked. Mom’s heart wrenched.
It was so mild that Danielle told herself it must have been her imagination. […]

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