Hasta La Gadget!

There are few policies that show the split between elite opinion and everyone else as clearly as trade policy. On trade we see a remarkable convergence of the leadership of both parties against their base, with the elites firmly behind the leadership against what they view as the ignorance of the masses.

As is often the case, the ignorance rests largely on the side of the elites. If that seems surprising, after all these are highly educated people, remember these are people who could not see the $8 trillion housing bubble whose crash wrecked the economy. There is little reason to believe their understanding of economics has improved much in the last seven years.

For the elites, trade agreements like the Trans-Pacific Partnership (TPP) are a no-brainer. After all, do we want autarky? Globalization is a natural process and standing in the way is like trying to block the flow of the Amazon River.

They acknowledge that some people get hurt, like autoworkers and textile workers, and the more liberal ones feel really bad about that. But the answer is not to try to turn back the clock on globalization; the answer is a few dollars in trade adjustment assistance to try to get these workers prepared for the global economy.

There are many reasons why this understanding is wrong, most importantly that the losers are not a few people who lost factory jobs, but rather tens of millions of workers who get lower wages because of the competition with low paid workers in the developing world. But an even more fundamental error is the arrogant elite’s idea that globalization is somehow a natural process.

The problem with elite view is that there is nothing remotely natural about the course globalization has taken. It’s true that workers in developing countries like Mexico and China are willing to work in factories for much lower pay than our factory workers. But it is also true that these countries have millions of very smart people who would be thrilled to have the opportunity to train to U.S. standards and work in the United States as doctors, lawyers, or in other highly paid professions, at much lower pay than our current crew.

Our trade deals could have been written to facilitate the process of putting our most highly professionals in competition with workers from the developing world, rather than autoworkers and textile workers. This would have meant producing clear and transparent standards for joining these professions.

It also would have meant a testing process whereby people in the developing world could test in their home country to become certified as a doctor or lawyer in the United States, thereby reducing the enormous cost (to them) of having to come to the United States for these tests. (The test givers could be from the United States to ensure the tests were administered fairly, if we didn’t trust the home country.) They could then work in their profession in the United States just like someone who was born and educated here.

This process of putting our professionals in competition with the developing world is every bit as natural as putting our manufacturing workers in competition. It also would have led to enormous gains to growth of the type trade economists like to tout. But because professionals have so much more political power, we don’t allow this type of globalization. (If you’re worried about brain drain from the developing world, it is easy to compensate the home countries for the loss of educated workers. Even an economist can figure that one out.)

Another way in which our trade deals depart from the natural course of things is that they increase some forms of protectionism, most importantly patent and copyright protection. Contrary to what you hear from the drug industry and elite news outlets, patents and copyrights are not part of the natural order. These are monopolies granted by the government for the purpose of promoting innovation and creative work.

These are not the only mechanisms for promoting innovation and creative work, and it is certainly arguable that they are not the best, but most importantly they are forms of government intervention, not just the natural workings of the market. This point is especially important in the case of prescription drugs where patents can raise the price of a drug by a factor of one hundred compared to the free market price.

For example, the Hepatitis-C drug Solvaldi sells for $84,000 per treatment in its patent protected version in the United States. A high quality generic version is available in India for less than $1,000. If patent monopolies raise the price by a factor of 100, it has the same effect on the market as imposing a tariff of 10,000 percent. Markets are too dumb to know that patents are a form of government intervention that we are supposed to like, whereas tariffs are bad intervention that we are supposed to dislike.

This means that in addition to making drugs unaffordable to people who need them for their health, patent monopolies lead to all the sorts of corruption that textbook economics predicts from incredibly high tariffs. In the case of prescription drugs corruption takes the form of lying about the safety and effectiveness of drugs, which leads to bad health outcomes and sometimes death.

But the pro-TPP elites don’t like to talk about such things. Their trade deals are simply good and modern, and if you don’t agree they will call you an anti-trade protectionist and all sorts of other bad things. That’s what elites do when they don’t have a real argument.

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

What includes a sprig of mint, a twist of citrus, and packs a real punch in every room of the house? Here’s a hint: It’s better suited to a spray bottle than a cocktail glass.

We’re talking about DIY all-natural household cleaners, of course — the kind that side-step harsh fumes and chemicals in favor of kitchen staples.

If your home is on the market, you might want to be careful to avoid offending a potential buyer’s sensitivities (ahem, please put down that bottle of industrial-grade bleach). If you rent, you might be looking to save money by making your own cleansers — or maybe you have roommates who can’t stand the smell of that lemon floor cleaner you’ve been using. Either way? These tips are for you.

1. White vinegar

The granddaddy of natural, eco-friendly cleaners, vinegar is, by definition, a water-based solution containing about 5% acetic acid — a powerful solvent. Translation: The secret ingredient in your mom’s recipe for potato salad spells “lights out” for most bacteria, viruses, mildew, and mold.

• Concoct an all-purpose cleaner: Fill a spray bottle with equal parts white vinegar and water (distilled is best), upping the amount of vinegar for tougher jobs. Spray it anywhere that could use a good cleaning, but steer clear of marble surfaces.
• Disinfect and deodorize cutting boards: Spray full-strength vinegar onto wood cutting boards, let it sit, then rinse with clean water.
• Deodorize dishwashers: Add 1 cup of vinegar to the rinse cycle of your dishwasher. The vinegar smell will dissipate, de-stinkifying dishes in the process.
• Soften clothes and reduce static: Add 1 cup of white vinegar to the rinse cycle of your washing machine in lieu of store-bought fabric softeners.
• Sweeten garbage disposals: Freeze white vinegar in an ice cube tray and then run the cubes through the garbage disposal to deodorize and clean drains.
• Remove mineral deposits from showerheads: Unscrew your showerhead, then place it in a plastic zip baggie filled with ½ to 1 cup of warm white vinegar. Let it sit for one hour to remove mineral buildup. For showerheads that can’t be removed, secure the baggie onto the showerhead using a rubber band. (This also works for sink faucets.) Postsoak, use an old toothbrush and a toothpick to further loosen deposits.
• Clean fresh produce: To help remove pesticide residue, gently wash fruit and vegetables in a solution of 2 tablespoons of white vinegar to a pint of water.
• Clean your coffeepot: Fill the reservoir of your automatic coffeepot with white vinegar, then allow the machine to go through a brew cycle as usual. Follow the vinegar with two cycles of fresh water to rinse.

2. Citrus

Like vinegar, the key to citrus’s cleaning power is its acidity, which proves the little lemon to be a cleaning powerhouse. What’s more, the peels of citrus fruit (grapefruit, oranges, lemons, limes, and the rest) contain limonene, the active ingredient of citrus oil, which is especially effective as a degreaser.

• Soap scum and rust remover: Banish soap scum and rust from your shower by rubbing affected surfaces with the cut surface of a halved lemon. Allow the juice to work its magic for about a minute, then use a scouring pad to finish the job.
• Scented all-purpose cleaner: Add enough citrus peels to fill one-half of a large Mason jar. Pour white vinegar over the top to fill the jar, then place the lidded jar in a cool, dark place to infuse for at least two weeks. Strain the solution, pour it into a spray bottle, and use it as you would an all-purpose cleaner.
• Hands-off microwave cleaner: Add a few tablespoons of lemon juice to one cup of water in a microwave-safe bowl, then heat the mixture to boiling in the microwave. Allow the steam to penetrate baked-on grime for 10 minutes before opening the door and giving the interior a good wipe.
• Surface whitener: Gently “bleach” stains from surfaces by rubbing the surface with the cut surface of a halved lemon. (Don’t try this on marble and granite.)
• Fabric whitener: Add 1 cup of undiluted lemon juice to your laundry to whiten and brighten clothing.
• Furniture polish: Combine one part undiluted lemon juice with two parts olive oil, pour a little onto a lint-free cloth, and use it to shine wooden furniture and fixtures.

3. Baking soda

The superfine grit of this powdery white substance, better known as sodium bicarbonate, comes in handy for those jobs that require extra-gentle abrasion. And what other ingredient do you know of that can make cookies rise, soak up bad odors, and sweeten a drain? It’s all in a day’s work for this wallet-friendly ingredient.

• Clean hairbrushes and combs: Coat hairbrushes and combs in a paste of baking soda and water to remove product buildup.
• Deodorize carpets and rugs: Sprinkle a thin layer of baking soda all over your carpets, then allow it to sit, preferably overnight. Vacuum to reveal fresh, odor-free rugs.
• Shine silver: Make a paste of three parts baking soda to one part water. Massage onto tarnished silver to polish and shine, follow with a rinse of warm water, then dry.
• Rejuvenate plastic food containers: Give new life to stained food containers by scouring the surfaces with baking soda, then soaking them in a solution of water and baking soda.
• Clear a clogged drain: Sprinkle baking soda down a clogged drain, chasing it with double the amount of white vinegar. Let it sit for a few minutes, then follow the fizzing mixture with boiling water.
• Fight household odors: Sprinkle a little baking soda into cat litter pans, into clothes hampers, and over the bottom of garbage cans to help ward off bad smells.
• Remove crayon marks: If your pint-sized Picasso uses walls as his canvas, sprinkle a little baking soda onto a damp sponge and gently buff away the crayon.
• Clean your oven: Coat the surface of your oven in a paste of baking soda and water, avoiding the heating elements. Allow it to sit overnight and then use a damp rag and a silicone spatula to remove as much paste as possible. Complete the task by spraying down the oven top with vinegar, then wiping with a rag once more.

Want to find out how to clean with essential oils, Castile soap, and salt? Read more on Trulia!

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street.

When the Wall Street bubble burst in 2008 because of excessive risk-taking, millions of working Americans lost their jobs, health insurance, savings, and homes.

But The Street is back to many of its old tricks. And its lobbyists are busily rolling back the Dodd-Frank Act, intended to prevent another crash.

The biggest Wall Street banks are also much larger. In 1990, the five biggest banks had 10 percent of all of the nation’s banking assets. Now, they have 44 percent – more than they had at the time of the 2008 crash.

They have a virtual lock on taking companies public, play key roles pricing commodities, are involved in all major U.S. mergers and acquisitions and many overseas, and responsible for most of the trading in derivatives and other complex financial instruments.

And as they’ve gained dominance over the financial sector, they’ve become more politically potent. They’re major sources of campaign funds for both Republicans and Democrats.

Wall Street banks supply personnel for key economic posts in Republican and Democratic administrations, and lucrative employment to economic officials when they leave Washington.

It’s a vicious cycle. The bigger they get, the more likely it is that government will bail them out if they get into trouble again. This, in turn, confers on them an ever-larger competitive advantage over smaller, community-minded banks that don’t have the implied guarantee – which gives the biggest banks even more economic and political power.

What should be done?

First, resurrect the Glass-Steagall Act that used to separate investment from commercial banking.

Second, put a small sales tax on every financial transaction. This would discourage speculation and slow down the casino. Not incidentally, such a tax could generate billions of dollars a year for, say, better schools.

But the most important thing we should do is bust up the big banks. Any bank that’s too big to fail is too big, period.

Antitrust law should be used the way it was against the big oil trusts and the telephone monopoly. The idea was to prevent too much economic and political power from concentrating in too few hands. And that’s precisely the problem with Wall Street.

The only sure way to stop excessive risk-taking on Wall Street so you don’t risk losing your job or your savings or your home, is to put an end to the excessive economic and political power of Wall Street.

It’s time to bust up the big banks.

ROBERT B. REICH’s film “Inequality for All” is now available on DVD and blu-ray, and on Netflix. Watch the trailer below:

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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Many people have a smartphone, but not everyone likes them. The non-smartphones lovers out there are finding that the non-smartphone handset options are decreasing, and so they resign themselves with owning one of the devices. Enter The Light Phone, a cell phone the size of a credit card that only does calls. It works with an existing smartphone, being bid … Continue reading