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By Peter Stothard
$4.75
$23
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AP/Alexander Zemlianichenko
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By Ivo Mijnssen — The collapse of the Cypriot banking system reveals much about the complex relationship among ordinary Russians, “offshore oligarchs” and a political system that depends on both.
Posted on May 14, 2013
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Shutterstock image of bank.
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Now that Wall Street has managed to neuter and delay the modest reforms passed by Congress, there is more political momentum to pass stricter financial regulations.
Posted on May 1, 2013
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Shutterstock photo of a bill fragment with blood spots.
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By Thomas Hedges, Center for Study of Responsive Law —
The already tepid reforms enacted by Dodd-Frank are falling prey to business leaders, Republican lawmakers and the son of Supreme Court Justice Antonin Scalia.
Posted on Apr 30, 2013
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By Eugene Robinson — In retrospect, George W. Bush’s legacy doesn’t look as bad as it did when he left office. It looks worse.
Posted on Apr 26, 2013
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mahalie (CC BY-SA 2.0)
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By Ellen Brown, Web of Debt —
With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.
Posted on Apr 10, 2013
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AP
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By Robert Scheer — For all of the strident attacks on Stockman’s column, I have yet to read a serious critique of his most brazen claim.
Posted on Apr 2, 2013
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Rand Paul (CC-BY-SA)
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By Thomas Hedges, Center for Study of Responsive Law —
Libertarians, whom the Republican National Committee has largely shut out, assumed a more energetic role at CPAC this year, using the failed election as evidence that the GOP should return to their philosophy’s ideals.
Posted on Mar 20, 2013
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AP/Mark Lennihan
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By Robert Scheer — The U.S. government exists primarily to make the world safe for multinational corporations, but those firms feel no obligation to pay for that protection in return.
Posted on Mar 12, 2013
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By David Sirota — Despite its success in recent elections, and despite the image of unity it projects, the Democratic Party is in the throes of an epic identity crisis pitting its corporate money against its stated principles.
Posted on Feb 22, 2013
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AP/Charles Dharapak
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By Robert Scheer — Here’s a get-out-of-jail-free card, and while we’re at it, take this obscenely huge bonus for having wrecked the economy.
Posted on Feb 1, 2013
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A look at the day’s political happenings, including a bipartisan agreement reached on immigration reform and Obama and Clinton give a joint interview on “60 Minutes.”
Posted on Jan 28, 2013
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White House/Pete Souza
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By Robert Scheer — I suppose that he can’t be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary.
Posted on Jan 11, 2013
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A look at the day’s political happenings, including CNN interrupting Joe Biden’s gun control presentation to report on another school shooting and a heated on-air argument between MSNBC’s “Morning Joe” co-hosts.
Posted on Jan 10, 2013
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A look at the day’s political happenings, including AIG’s decision on whether to join a lawsuit against the government over the financial crisis bailout and the White House’s response to a petition to deport Piers Morgan.
Posted on Jan 9, 2013
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Flickr/eflon
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In the ultimate act of corporate greed, the insurance giant—which received a bailout from the government to the tune of $182 billion—is showing what a truly unscrupulous and morally bankrupt organization it is by mulling whether to join a lawsuit against Uncle Sam over unfair bailout terms.
Posted on Jan 8, 2013
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AP/Elise Amendola
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By Robert Scheer — How fitting that Dan Quayle, a bumbling excuse for a vice president of the United States, should end up as a top executive of a $20 billion private equity firm mired in controversy.
Posted on Dec 28, 2012
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By David Sirota — This is the microcosmic lesson of the University of Colorado’s recent decision to pay a new football coach $2 million a year. The move - and the reaction to it - is a perfect illustration of America’s values, or lack thereof.
Posted on Dec 21, 2012
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Image from "Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures"
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By Thomas Hedges, Center for Study of Responsive Law —
Fedspeak, vague and convoluted answers to economic questions, was popularized by Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006. It allowed him to essentially say “no comment” without admitting that he was avoiding questions.
Posted on Dec 14, 2012
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By Amy Goodman — Amaia Engana didn’t wait to be evicted from her home. On Nov. 9, in the town of Barakaldo, a suburb of Bilbao in Spain’s Basque Country, officials from the local judiciary were on their way to serve her eviction papers. Amaia stood on a chair and threw herself out of her fifth-floor apartment window, dying instantly on impact on the sidewalk below.
Posted on Nov 15, 2012
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By Richard Reeves — Mike Allen, for those who don’t know, is Washington’s insiders’ insider.
Posted on Nov 9, 2012
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AP/Jack Dempsey
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By Robert Scheer — I have been a harsh critic of the president, but a vote for Barack Obama in a swing state is a no-brainer.
Posted on Nov 5, 2012
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Illustration by Mr. Fish
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By Chris Hedges — The November election is not a battle between Republicans and Democrats. It is not a battle between Barack Obama and Mitt Romney. It is a battle between the corporate state and us.
Posted on Oct 29, 2012
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By Joe Conason — The neglect of the Delphi story by mainstream and even progressive outlets such as MSNBC has been remarkable, particularly because neither Romney nor his campaign has denied it.
Posted on Oct 25, 2012
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By E.J. Dionne, Jr. — If conservatism were winning, does anyone doubt that Romney would be running as a conservative? Yet unlike Ronald Reagan and Barry Goldwater, Romney is offering an echo, not a choice. His strategy at the end is to try to sneak into the White House on a chorus of me-too’s.
Posted on Oct 25, 2012
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AP/J. Scott Applewhite
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By Robert Scheer — Mark the name of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president.
Posted on Oct 18, 2012
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Fortune Live Media (CC BY-ND 2.0)
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Few voices in the regulatory community called for the expulsion of derelict executives and the means to force banks to lend bailout money to the public amid the 2008 financial crisis. Former FDIC Chairman Sheila Bair was among them.
Posted on Oct 13, 2012
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AP/Charlie Neibergall
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By Robert Scheer — The presidential debate this week was much ado about nothing, and Mitt Romney beat Barack Obama because he was more energetic in distorting the significance of their miniscule differences.
Posted on Oct 5, 2012
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Collage of photos by Gage Skidmore(CC-BY-SA)
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By Eugene Robinson — It promises to be an epic clash: Mitt Romney vs. Mitt Romney. Oh, and President Obama will be there, too.
Posted on Oct 1, 2012
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AP/Carolyn Kaster
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By Mark Heisler — This isn’t just a choice of philosophies, but the long-awaited showdown between post-FDR Democrats and post-Reagan Revolutionaries.
Posted on Sep 11, 2012
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AP/Charles Dharapak
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By Robert Scheer — Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.
Posted on Sep 10, 2012
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AP/Chuck Burton
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By Alan Minsky —
It’s fine to catalog the sins of Obama, but it’s a largely meaningless parlor game unless we offer a coherent vision that outlines a winning strategy.
Posted on Sep 6, 2012
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SnowViolent (CC BY 2.0)
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A leaked letter from Greece’s lenders—the European Commission, the European Central Bank and the International Monetary Fund—orders the country to introduce a six-day workweek as part of a package of austerity demands for a second bailout.
Posted on Sep 5, 2012
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Ronald Reagan Presidential Library, National Archives and Records Administration
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By Richard Reeves — As he became president in 1981, Ronald Reagan called in a 34-year-old congressman from Michigan named David Stockman, considered by many to be the most articulate and intellectually imposing Republican of the moment.
Posted on Aug 26, 2012
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By David Sirota — Wisconsin congressman Paul Ryan admires Ayn Rand, and if you believe Republican Party mythology, Ryan is a messianic John Galt who will save America from a secret socialist conspiracy.
Posted on Aug 17, 2012
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AP/Scott Applewhite
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In late 2008, Neil Barofsky was appointed the Treasury Department’s investigator of the bank bailouts. In the time since, he has suffered dismissal and deprecation from his colleagues and the corporations they’re supposed to regulate.
Posted on Aug 4, 2012
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NASA GSFC/Jacques Descloitres and Ana Pinheiro
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By Amy Goodman — As Spain’s prime minister announced deep austerity cuts Wednesday in order to secure funds from the European Union to bail out Spain’s failing banks, the people of Spain have taken to the streets once again for what they call “Real Democracy Now.”
Posted on Jul 11, 2012
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Is the United States on a course toward crony capitalism? Italian-American economist Luigi Zingales and NPR examine similarities between the politics and economics of Italy under Silvio Berlusconi and of the U.S.
Posted on Jul 11, 2012
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Photo by WEF/Remy Steinegger (CC-BY-SA)
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By William Pfaff — The latest, and 20th, European “summit” meeting, held last week in Brussels, was symbolically a defeat for Germany’s Angela Merkel, who agreed that Europe’s permanent bailout fund could directly recapitalize certain troubled eurozone banks.
Posted on Jul 3, 2012
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AP/Charles Dharapak
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By Robert Scheer — Most Americans want pretty much the same outcome from health care reform, and it’s not what either major-party candidate is offering.
Posted on Jun 20, 2012
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By E.J. Dionne, Jr. — If the United States were still governed under the Articles of Confederation, might California be in the position of Greece, Spain or Italy?
Posted on Jun 20, 2012
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AP/Barry Thumma
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By Robert Scheer — American families have lost 20 years of growth while at least 18 bankers and tycoons sat on Fed boards that coincidentally bailed out their institutions.
Posted on Jun 14, 2012
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Robert Scheer and KPFA’s Philip Maldari chat about issues including state politics, Rambo Obama’s use of executive power, the facade of the two-party system and the unresolved economic crisis.
Posted on Jun 12, 2012
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AP/Mark Lennihan
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By Robert Scheer — How did we end up with such smart scoundrels? Even after it was known that Jamie Dimon’s bank blew more than $2 billion, Barack Obama still had praise for the intellect of his political backer.
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U.S. Treasury
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Just as Mitt Romney has locked up the Republican nomination on a boast of fiscal conservatism, President Obama’s Treasury Department has said it expects to turn a tidy $2 billion profit from TARP and other extraordinary measures taken to bail out the financial industry.
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By Joe Conason — When George W. Bush made his first public appearance in many months to discuss economic policy in New York on Tuesday, his utterances may have revealed more than he intended.
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AP/J. David Ake
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By Chris Hedges — There is no substantial difference between Obamacare and Romneycare. There is no substantial difference between Obama and Romney.
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The Muppets will not stand for the kind of insult that Goldman Sachs execs, according to famous defector and detractor Greg Smith, heaped on their felty heads by calling clients “Muppets” in a derogatory fashion.
Posted on Mar 27, 2012
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AP / Steven Senne
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By Robert Scheer — With Mitt Romney’s super-PAC limo now on cruise control to victory at the GOP convention, voters are left with only two reasons to vote against Barack Obama.
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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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