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HOW MODERN MONEY WORKS — Economist Alan Nasser presents a slashing indictment of the vicious nature of finance capitalism; The Bio-Social Facts of American Capitalism: David Price excavates the racist anthropology of Earnest Hooten and his government allies; Is Zero-Tolerance Policing Worth More Chokehold Deaths? Martha Rosenberg and Robert Wilbur assay the deadly legacy of the Broken Windows theory of criminology; Gaming the White Man’s Money: Louis Proyect offers a short history of tribal casinos; Death by Incarceration: Troy Thomas reports from inside prison on the cruelty of life without parole sentences. Plus: Jeffrey St. Clair on how the murder of Michael Brown got lost in the media coverage; JoAnn Wypijewski on class warfare from Martinsburg to Ferguson; Mike Whitney on the coming stock market crash; Chris Floyd on DC’s Insane Clown Posse; Lee Ballinger on the warped nostalgia for the Alamo; and Nathaniel St. Clair on “Boyhood.”
Retraction about Bloomberg and Outsourcing

Retraction About Bloomberg and Outsourcing

by STANDARD SCHAEFER

Dear Readers,

In a recent story about the growing trend in outsourcing, I drew from many sources, the first of which was one about IBM’s recent exporting of jobs to India that was
first published by Bloomberg news. As I double-checked the growth trend in outsourcing, I muddled my sources and took
Bloomberg to task about things actually reported by several other news services, particularly one story by Andrea
Ahles, a Star-Telegram Staff Writer. While the trend in outsourcing is a serious one, growing faster all the time
according to Forrester Research, it appears that I must retract the story. In my zeal, I rushed the story and bungled
it. I apologize for my haste and vow much more careful work in the future.

Sincerely,
STANDARD SCHAEFER