US President - Donald Trump Lashes Out at "No-Talent" Stephen Colbert In Media Rant - by Ryan Parker

President Donald Trump on Thursday lashed out against Stephen Colbert and other members of the media during an interview with Time magazine.

Trump has been the butt of most jokes for late night hosts since taking office in January, but recently, The Late Show's Colbert has received the most attention for his criticism of the former reality TV star after he made what some called a homophobic remark while talking about Trump and Russian president Vladimir Putin.

"There’s nothing funny about what he says," Trump told Time about the "no-talent" CBS host. "And what he says is filthy. And you have kids watching. And it only builds up my base. It only helps me, people like him. The guy was dying. By the way they were going to take him off television, then he started attacking me and he started doing better. But his show was dying. I’ve done his show. … But when I did his show, which by the way was very highly rated. It was high highest rating. The highest rating he’s ever had."

As far as TV ratings, Trump could be overstating his claim. Colbert's Daily Show reunion episode on Tuesday is pacing to be The Late Show's highest rated episode in 19 months.

Trump also went after CNN's Chris Cuomo, who he said looks like a "chained lunatic," and Don Lemon, who he says is "perhaps the dumbest person is broadcasting."

"I do watch Fox in the morning, and their ratings have gone through the roof because everyone knows I’m watching Fox," Trump claimed. "But they’re pleasant. And if I do something wrong they report on it. I don’t mean they – if I do something wrong. But it’s really, honestly it’s the most accurate."

Trump turned his disdain to Cuomo, who went toe-to-toe with his counselor Kellyanne Conway just yesterday.

"He’s like a boiler ready to explode, the level of hatred," Trump said. "And ... the entire CNN platform is that way."

It was then Lemon's turn to be bashed.

"This Don Lemon who’s perhaps the dumbest person in broadcasting, Don Lemon at night it’s like – sometimes they’ll have a guest who by mistake will say something good. And they’ll start screaming, we’re going to commercial," Trump said. "They cut him off. Remember? I’ve seen things where by mistake somebody they bring in a guest and it turns out to be a positive. And they go, I mean they get just killed. The level of hatred."

Still, despite his loathing for CNN, Trump did compliment contributor and supporter, Jeffrey Lord.

"Poor Jeffrey Lord. I love Jeffrey Lord. But sometimes he’s sitting there with eight unknown killers that nobody ever heard of," Trump told Time. "And CNN actually is not doing nearly as well as others. They’re all doing well because of me."

Read more: Donald Trump Lashes Out at "No-Talent" Stephen Colbert In Media Rant | Hollywood Reporter

US Politics: Are We Witnessing the Death of America's Political Establishment? - by Robert Reich

Step back from the campaign fray for just a moment and consider the enormity of what’s already occurred.

A 74-year-old Jew from Vermont who describes himself as a democratic socialist, who wasn’t even a Democrat until recently, has come within a whisker of beating Hillary Clinton in the Iowa caucus, routed her in the New Hampshire primary, and garnered over 47 percent of the caucus-goers in Nevada, of all places.

And a 69-year-old billionaire who has never held elective office or had anything to do with the Republican Party has taken a commanding lead in the Republican primaries.

Something very big has happened, and it’s not due to Bernie Sanders’ magnetism or Donald Trump’s likeability.

It’s a rebellion against the establishment.

The question is why the establishment has been so slow to see this. A year ago – which now seems like an eternity – it proclaimed Hillary Clinton and Jeb Bush shoe-ins.

Both had all the advantages – deep bases of funders, well-established networks of political insiders, experienced political advisors, all the name recognition you could want.

But even now that Bush is out and Hillary is still leading but vulnerable, the establishment still doesn’t see what’s occurred. They explain everything by pointing to weaknesses: Bush, they now say, “never connected” and Hillary “has a trust problem.”

A respected political insider recently told me most Americans are largely content. “The economy is in good shape,” he said. “Most Americans are better off than they’ve been in years. The problem has been the major candidates themselves.”

I beg to differ.

Economic indicators may be up but they don’t reflect the economic insecurity most Americans still feel, nor the seeming arbitrariness and unfairness they experience.

Nor do the major indicators show the linkages Americans see between wealth and power, crony capitalism, declining real wages, soaring CEO pay, and a billionaire class that’s turning our democracy into an oligarchy.
Median family income lower now than it was sixteen years ago, adjusted for inflation.

Most economic gains, meanwhile, have gone to top.

These gains have translated into political power to rig the system with bank bailouts, corporate subsidies, special tax loopholes, trade deals, and increasing market power – all of which have further pushed down wages pulled up profits.

Those at the very top of the top have rigged the system even more thoroughly. Since 1995, the average income tax rate for the 400 top-earning Americans has plummeted from 30 percent to 17 percent.

Wealth, power, and crony capitalism fit together. So far in the 2016 election, the richest 400 Americans have accounted for over a third of all campaign contributions.

Americans know a takeover has occurred and they blame the establishment for it.

There’s no official definition of the “establishment” but it presumably includes all of the people and institutions that have wielded significant power over the American political economy, and are therefore deemed complicit.

Read more: Robert Reich: Are We Witnessing the Death of America's Political Establishment? | Alternet

Global Economy: Globalisation And Technology Drive Insecurity - by Paul Sweeney

People are insecure. Young people worry about getting a decent job, finding a secure home and having to pay off the vast debts run up in the decade of uber-liberal economic policies of European governments to 2007.

Elderly people worry about their security in old age, access to decent health care, about their children getting jobs or being forced to emigrate.

A recent Eurofound study concluded that 14% of jobs in Europe are high-paid good jobs; 37% are well-balanced good jobs; 29% are poorly balanced jobs; and 20% are poor quality jobs. Thus almost half of all those at work are not in good jobs.

Yet we have never had such high incomes or wealth. This is in spite of the six years of the Great Recession. Total national income is substantially higher than what it was a generation ago. Yet only a generation ago too, jobs and pensions were more secure, homes were easier to find and health care was not such a big worry.

What has led to today’s insecurity? The big drivers of insecurity are globalisation and technology. They have shifted low skilled jobs and now even middle income jobs offshore, created intense competition, change and uncertainty. They give great power to large corporations, while undermining the power of states and of organised labour. Crucially, they have also changed the nature of politics.

Globalisation and technology have been key drivers in the three-decade-long (a generation) decline in the share of national income of workers and the self-employed and its corresponding shift to wealthy people and corporations A few countries like Ireland witnessed the boom of catching up with the rest of Europe for 20 years, when overall earnings rose so the seismic shift in income was not so evident, but thanks to the Great Recession, it now is.

Both globalisation and technology have reduced labour’s bargaining power through offshoring, through sectoral shifts in employment from manufacturing to services, from large units to smaller ones and to autonomous, self-employed working. It has facilitated the massive decline in corporate governance – in the way firms are run and what their objectives are. It boosted the pay of the elite to extraordinary levels that have nothing to do with performance. Both have also facilitated financialisation – where finance rules the real economy.

Globalisation has also reduced financial disclosure, blurring our knowledge of the real ownership and control of business. It has led to the privatisation of swathes of public services, and these privatised public services are increasingly run by big, non-competing oligopolies. It has facilitated increased tax evasion and tax avoidance on unprecedented scales by the wealthy and by large companies. The Luxleaks and HSBC exposures are only the tip of this iceberg of tax cheating on an industrial scale in some countries.

Read more: How Globalisation And Technology Drive Insecurity

Stocks plunge on Italian election results

Stocks had their worst drop in more than three months as the prospect of political paralysis in Italy raised the specter of Europe's debt crisis flaring up again. The Dow Jones industrial average fell 216.40 points, or 1.6 percent, to 13,784.17, its biggest drop since Nov. 7.

The Standard & Poor's 500 index fell 27.75 points, or 1.8 percent, to 1,487.85, dropping below 1,500 for the first time in three weeks. The Nasdaq composite dropped 45.57 points, or 1.4 percent, to 3,116.25.
Stocks had rallied in the early going as exit polls showed that a center-left coalition in Italy that favored economic reforms in the euro region's third-largest economy was leading. That gain evaporated after a later poll predicted that the elections could result in a stalemate in the country's legislature. The losses accelerate in the late afternoon as partial official results showed an upstart protest campaign led by a comedian making stunning inroads.

Read more: Stocks plunge on Italian election results - CBS News