THE PATRONS OF IMAGINATION

by Jon Rappoport, Guest Waking Times Every significant breakthrough in human history has been enabled through imagination. It’s the leap. It’s the vision unfettered by imposed restrictions. It’s the future as yet unrealized, glimpsed in the mind. Given that this is the case, one wonders why financial patronage isn’t poured like a Niagara into imagination, to support it, extend it. The answer is simple. Those who have the vast resources to do it can’t see past what I called Set One. Set One is the collection of their own perceived problems. For many, these are personal problems; for others, who look at … Continue reading THE PATRONS OF IMAGINATION

What really helps the poor?

US non-profit GiveDirectly provided universal basic income to several villages in the Kisume area of Kenya. The headmaster of this school used his to buy new furniture and books. Photo by Thomas Dworzak/Magnum  It’s difficult to test whether poverty relief actually works. Do randomised controlled trials provide a scientific measure? by Stephanie Wykstra is a research consultant and freelance writer based in the New York City area. Her writing has appeared in Slate, Vox and Inside Higher Ed, among others. Edited by Nigel Warburton Six years ago, a woman in rural Kenya told me her story. Every night when it rained, she’d have to move her children … Continue reading What really helps the poor?

How to Feed Your Family on $50 a Week

Another day, another politician who seems to have no idea what it’s like to eat while poor. Here’s my story. by Tracy Moore I grew up with a single mother who made $12,000 a year, which means for most of my life, Vienna sausages and the bologna with the red ring around it were a luxury. My sisters and I never saw a dentist until we were teenagers, or a real doctor before we were nearly 20. And yet, as a full-grown adult, having to support my partner and kid on a $50-a-week food budget was harder. Harder still? Hearing politicians continue to … Continue reading How to Feed Your Family on $50 a Week

Stupid Money: What Happens If You Hit Retirement Age With Nothing Saved?

You’re mostly screwed! Sorry. But here are a few things you can do that will help. by Adam Elder You’ve been saving plenty of money for retirement, haven’t you? Yeah… me neither. That tropical private island I assumed I’d own someday? Probably not happening! Never mind living like a baller in retirement age. At this point, I’m more worried about just having enough money to subsist on. In a world where many of us struggle to put a realistic retirement plantogether, what are you supposed to do when it’s too late? Alongside Lauren Locker, a certified financial planner in New Jersey who specializes in eldercare, we’re going … Continue reading Stupid Money: What Happens If You Hit Retirement Age With Nothing Saved?

Chronic

Photo by Dhiraj Singh/Bloomberg via Getty For big pharma, the perfect patient is wealthy, permanently ill and a daily pill-popper. Will medicine ever recover? by Clayton Dalton is a medical resident at the Massachusetts General Hospital in Boston. He attended medical school at Columbia University. Edited by Pam Weintraub Just a few years ago, infection with the hepatitis C virus guaranteed a slow and certain death for many. Available treatments were effective in about half of all patients, and the side effects could be awful. Things changed in 2014, when a new medication called Harvoni was approved to treat the infection. With … Continue reading Chronic

Corporate crime: Five biggest financial scams of all time

image edited by Fernando Kaskais Cast member Norbert Leo Butz, depicting former Enron president Jeffrey Skilling, performs during a dress rehearsal of the play “Enron” in New York © Lucas Jackson / Reuters When it comes to big money there’s a whole lot of room for screw-ups, cover-ups and everything in between. The business world is no stranger to scandal with many wheeler dealers ready to gain at other people’s expense. Money managers, chief executives, lawyers… some are dead or in jail, others doing just fine, after masterminding white collar crimes amounting to billions of dollars. Let’s have a look … Continue reading Corporate crime: Five biggest financial scams of all time

How the Diderot Effect explains why you buy things you don’t need

Dennis Diderot as he probably looked during his brief stint in the middle class. by SCOTTY HENDRICKS In 1765, Russian Empress Catherine the Great heard that the philosopher Dennis Diderot was in dire need of money. As a well-known patron of the arts, sciences, and Enlightenment philosophers, she immediately purchased his entire library. She directed him to keep it at his home and hired him as her librarian with 25 years of salary upfront. Diderot, whose finances had never been sound, proceeded to use some of the money to buy a very lovely scarlet robe. This is where his troubles began. … Continue reading How the Diderot Effect explains why you buy things you don’t need