The economic shocks from Trump’s war on Iran are undermining countries’ reliance on U.S. debt and fiat currency. If this snowballs, America has the most to lose.
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Trevor Jackson traces the "dumb, inhuman logic" of endless growth over hundreds of years, and gestures at a better world.
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The knock-on effects from the Iran war are intersecting with other crises and destabilizing the world. The worst may be yet to come.
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By Christopher Collins, Thomas Homer-Dixon
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Desperate for an off-ramp, the president is setting up the U.S. to lose another war in the Middle East—even if the ceasefire doesn’t hold.
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By Robin Kaiser-Schatzlein
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Starting in about 2005, something nearly unthinkable began to happen: The lifetime value of a college degree began to decline. Up until then, and really for quite a while afterward, a degree was considered a smart bet on a person’s future income and prospects. Possessing a college degree (any degree!) generally meant higher income. At the late date of 2013, Barack Obama called higher education an "economic imperative."
Once upon a time, very few people got college degrees. About 6 percent of the population in 1950 had one (which itself, thanks to the GI Bill, was a remarkable high). College was, at some level, affordable, and by 2010 degree holders received a glorious 75 percent pay bump. And if you didn’t go to college, no sweat: Nondegree holders had plenty of options for work that paid OK, too—for instance, in skilled trades like electrical work or union jobs in hospitality.
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It was so bad that Pope Leo changed his plans to travel to the U.S.
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By Ellie Quinlan Houghtaling
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