Scoop: 16 Nobel economists see a Trump inflation bomb

Stephan: 

To Nobel Laureate economists there is no question: Biden is who should win the election because his economics are far superior to the economics of criminal Trump. You would think anyone who spent five minutes doing an Google on the felonious Trump would know that. He went bankrupt six times. But a large segment of American voters doesn’t seem capable of comprehending the truth about this horrible businessman.

Photo illustration: Tiffany Herring / Axios

Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump‘s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.

Why it matters: The Nobel laureates are lending their academic prestige to a political argument the Biden administration has been making for weeks: Inflation would be worse under Trump.

  • “While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump,” the 16 economists write in a letter, first obtained by Axios.

Zoom in: Since prices spiked in the summer of 2022, Democrats have been playing defense on the economy.

How the right-wing media ‘hate virus’ spreads

Stephan: 

Criminal Trump and MAGAt world are stimulating White hate as a political weapon, and it is resulting in the kind of story that begins this essay. Thom Hartmann has it exactly right, I think. It is like a cancer growing in our culture, reinforced by evangelical pseudo-Christianity.

Photo by Unsplash

She may never be the same.

This past weekend we learned about an incident from May when three American citizens were hanging out at their apartment complex swimming pool, a mom and her two children, a little girl, 3, and a boy who was 7 years old. Mom was Muslim, so she wore a modest swimsuit and a hijab.

Which infuriated Elizabeth Wolf, a 42-year-old white woman, who, upon arriving at the pool, began loudly berating the young mother, using racial slurs to tell her she wasn’t welcome in white America. Wolf then jumped into the pool and grabbed the two children, who were playing in the shallow end, and tried to drown them.

With mom’s help, the little boy escaped with scratches from Wolf’s fingernails, but Wolf succeeded in dragging the 3-year-old girl into a deeper part of the pool and was repeatedly holding her head under water as the little girl began to drown.

A bystander intervened, jumping into the pool and rescuing the little girl; when police arrived and handcuffed Wolf, she screamed […]

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Trump Doesn’t Have the Support of a Single Fortune 500 CEO, Top Business School Prof Claims On CNBC

Stephan: 

I have been noticing in the business news that CEOs Fortune 500 corporations are not coming out in support of Trump, and wondered about that. What we see are uber-rich billionaires like Elon Musk, and Jeff Bezos, but not CEOs of corporations with thousands of employees. I have been thinking about this for several days and doing research on this trend What I have found is that men and women CEOs with large numbers of employees seem to understand that what criminal Trump would do to the economy would seriously disrupt the lives of those employees, so they don’t want any part of the MAGAt minority and their felonious leader. This article lays out what I think is the correct take on this.

Professor Jeffrey A. Sonnenfeld of Yale Credit: Yale School of Management

Yale’s Jeffrey Sonnenfeld claimed Fortune 100 CEOs will be “reluctant [Joe] Biden voters” in November because they “truly fear” Donald Trump.

Sonnenfeld joined CNBC’s Andrew Ross Sorkin on Monday to discuss a New York Times op-ed in which Sonnenfeld noted Trump’s lack of support among the CEOs he works with. Sonnenfeld is the senior associate dean for leadership at the Yale School of Management.

Sonnenfeld wrote in his op-ed:

“I know this because I work with roughly 1,000 chief executives a year, running a school for them, which I started 35 years ago, and I speak with business leaders almost every day. Our surveys show that 60 to 70 percent of them are registered Republicans.

“The reality is that the top corporate leaders working today, like many Americans, aren’t entirely comfortable with either Mr. Trump or President Biden. But they largely like — or at least can tolerate — one of them. They truly fear the other.”

Sonnenfeld told Sorkin on Monday that roughly 70% […]

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Plastic Industry Is Selling False Promise of New Recycling Tech. Don’t Buy It.

Stephan: 

Lies, lies, and more lies. The petroleum-based plastic industries and petroleum corporations are pouring millions into the corruption of politicians to stop any laws that would threaten their profits. At the same time, they are spewing forth endless misinformation about plastic pollution which is now such a vast issue that babies are born with microplastics in their bodies. Ronlyn and I do all we can to recycle everything possible. But increasingly, we have replaced plastic wherever we can glass containers so we don’t use plastic in the first place. Please adjust your lifestyle as you can, so you can do the same. The plastic pollution problem is damaging the matrix of life in thousands of ways.

Members of Greenpeace Indonesia display plastic waste from British multinational hygiene and food giant Unilever’s products as part of their “Return to Sender” action in front of Unilever’s office in Tangerang, a suburb of Jakarta, on June 20, 2024.
Credit: Yasuyoshi Chiba / Getty

Last year, I became obsessed with a plastic cup.

It was a small container that held diced fruit, the type thrown into lunch boxes. And it was the first product I’d seen born of what’s being touted as a cure for a crisis.

Plastic doesn’t break down in nature. If you turned all of what’s been made into cling wrap, it would cover every inch of the globe. It’s piling up, leaching into our water and poisoning our bodies.

Scientists say the key to fixing this is to make less of it; the world churns out 430 million metric tons each year.

But businesses that rely on plastic production, like fossil fuel and chemical companies, have worked since the 1980s to spin the pollution as a failure of […]

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Series of US mass shootings brings weekend of death and mayhem

Stephan: 

With the media obsessed with the upcoming oddly early Presidential debate I was struck over the weekend by the number of psychos who carried out public shootings. Although the murder rate has gone down, there have still been 248 mass shootings so far this year. Basically, it is a daily event in the United States, with 15,441 people injured and 8,098 murdered since the first of January. There is no other country in the world, not in active war, that has anything like what happens in the U.S.. It goes on year after year and nothing meaningful ever happens. Indeed, now that the Supreme Court has legalized bum stocks, I think, things will get worse. When will Americans wake up to this ongoing massacre and demand change?

One dead and 34 wounded as incidents in New York, Alabama, Missouri and Ohio swell 2024 mass shooting tally.

A series of mass shootings rocked the US early on Sunday, leaving at least one dead and 34 others wounded in just four cases reported in New York, Alabama, Missouri and Ohio.

The shootings came amid a broader spate of recent mass shootings, including the one at an Arkansas grocery store on Friday that left four dead and nine wounded – as well as another at a nightclub in Kentucky on Saturday that killed one and injured seven.

The violence brought the number of mass shootings in the US so far this year, as of Sunday, to more than 240 – an average of more than one daily, according to the Gun Violence Archive.

The non-partisan archive defines a mass shooting as one in which four or more victims are wounded or killed.

Such a high rate of mass shootings in the US has prompted some public calls for more substantial gun control. But the federal government has generally been unwilling or unable to heed those calls.

The weekend’s bloodshed came after the US supreme court’s decision earlier in […]

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