Our politics are broken and toxic: How both party elites betrayed our trust, birthed Bernie Sanders and Donald Trump – Salon.com

Bernie Sanders’ victory in Michigan Tuesday may have terrified Democratic Party elites and liberal pragmatists all over, but it reflects something much more fateful than a serve or a curveball in these primary games. It suggests that more Americans than just 20-somethings are awakening to a reality much harder and darker than anything this election alone…

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$60 Billion Of Deferred Tax Assets At Freddie Mac Subject To Allegations Of Manipulation – Freddie Mac (OTCMKTS:FMCC) | Seeking Alpha

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two government sponsored enterprises that according to the White House Budget are private companies that promote home affordability in America. According to the public statements made by Treasury, both represent broken business models and Treasury served and still is serving the public good when they pumped billions…

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“It’s shameless financial strip-mining”: Les Leopold explains how the 1 percent killed the middle class – Salon.com

While the fate of the presidential campaign that talks about the issue more than any other remains uncertain, this much is clear: Despite the general public’s mounting anxiety and awareness, the economic inequality that’s done so much to change American society over the past 40 years has not abated. It may, in fact, be getting worse. For this reason…

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World’s super rich keep buying up luxury goods in face of wealth decline | Business | The Guardian

The global super rich continued to splash out on super-yachts and luxury goods last year, despite a decline in their overall wealth in the wake of financial market turmoil. According to the latest wealth report from estate agents Knight Frank, published on Wednesday, sales of super-yachts – boats longer than 24 metres – soared 40%…

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The boomer supremacy: The dominance of baby boomers is becoming total | The Monthly

Mike Baird, the premier of New South Wales, can’t have been prepared for this. Two months ago he was probably the most popular politician in Australia, presenting a wet Liberal surfer persona that gelled with the state’s better nature. There were travel concessions for asylum seekers. There was an earthy social media presence. Talking to…

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What It’s Really Like to Risk It All in Silicon Valley – NYTimes.com

Before Nathalie Miller decided to walk away from Instacart, the grocery delivery start-up now worth more than $2 billion, she made a spreadsheet to analyze how much money she was leaving on the table. She had been Instacart’s 20th employee, managing operations during a period of extremely rapid growth, and the sum could have been…

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