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This Is Your Banking System on Trump

Getty Images This story first appeared on TomDispatch.com. Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in plain sight with trillions of dollars in play and an economy to…

Behold the Great Rudy Giuliani Apology Tour

Remember all that weird stuff Rudy Giuliani spouted on Wednesday? The following morning Donald Trump wholeheartedly agreed with it, but the two of them must have gotten a very stern talking-to later in the day. Today Giuliani took it all back. Trump knowing about the Stormy Daniels hush money? Inoperative. The hush money being related…

Let’s Not Celebrate the 3.9% Unemployment Rate

There are lots of headlines today that are focused on the headline unemployment rate falling to 3.9 percent. I guess that’s why they call it the headline unemployment rate. But this month it’s a mirage. Here’s an excerpt from the household survey that the BLS uses to calculate the unemployment rate: Take a look at…