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 . '/' . substr('9780195181722',-6,3) . '/' . '9780195181722' . '.jpg'; ?>)
By Steven J. Ross
$29.95
By Ira A. Hunt
$35.00
$23
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AP photo / Douglas Healey
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By Chris Hedges — The multiple failures that beset the country can be laid at the feet of our elite universities. Harvard, Yale, Princeton and Stanford, along with most other elite schools, do a poor job educating students to think. They focus instead on creating hordes of competent systems managers.
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There’s a revolution underway in Chinese culture as young women flock from villages to factory employment in the cities, leaving traditional values behind.
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Wikimedia Commons / mlb.com
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By Stanley Kutler — The U.S. taxpayer is on the hook for more than $300 billion of Citigroup’s junk investments, so where did the ailing bank find $400 million to put its name on the New York Mets’ new stadium?
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By Amy Goodman — President-elect Barack Obama introduced his principal national security Cabinet selections to the world Monday and left no doubt that he intends to start his administration on a war footing. It is revealing that his choice for national security adviser is a director of Boeing, a weapons manufacturer, and Chevron, an oil giant.
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By Eugene Robinson — If things get much more “interesting,” we might have a collective nervous breakdown. But along with the anxiety, there’s also a sense of rare opportunity—a chance to emerge better than we were economically, politically and socially.
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Flickr / LoopZilla
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What’s a hundred billion dollars between capitalists? The Fed and the Treasury are once again throwing good cash after bad business. This time the culprit is Citigroup, which could get bailed out—courtesy of you—to the tune of $100 billion. And with that, we’d like to announce that Truthdig is officially too big to fail. Update: Done deal.
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AP photo / Carlos Osorio
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By Titus Levi — There’s no guarantee that a bailout would save the incompetently managed American automobile industry. However, doing nothing may be worse, especially for the state of Michigan.
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Flickr / Brave New Films
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By Marie Cocco — The giant discounter is the only store where hard-squeezed consumers can afford to buy anything, and so it has kept posting sales gains amid the retail bloodbath.
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By Eugene Robinson — John McCain was telling the truth when he said that economics wasn’t his strong suit. In response to what many economists have called the worst financial crisis since the Great Depression, the Republican nominee has sounded—and let’s be honest here—totally, embarrassingly and dangerously clueless.
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news.bbc.co.uk
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The British government is planning to “significantly reduce” the country’s online file-sharing of copyrighted content, by at least 50 percent, in the next three years through a sequence of warning letters, Internet account suspensions and ultimate expulsion from Internet access.
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Are workers to blame for the fix that General Motors (along with many other corporations) is in? A new book by Roger Lowenstein argues that they are. He couldn’t be more wrong.
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Are we now ruled by an international “superclass” that hollows out traditional notions of national sovereignty, and whose loyalties are only to the bottom line and its own members?
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By David Sirota — American history is the history of populist uprisings. From the Revolutionary War to the coalfield wars, from labor organizers to anti-tax crusaders, from the New Deal to the current conservative era, backlashes to the status quo have defined every major political era.
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warnewsradio.org
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In this first installment in her series of stories from Iraq for Truthdig, veteran foreign correspondent Anna Badkhen reports about the civilian costs of war, life under occupation and the precarious state of a Baghdad burger joint.
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Flickr / azrainman
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Exxon Mobil made $10.9 billion last quarter, but investors were disappointed that the world’s biggest oil company had only its second-biggest quarter ever. With a product that is harder and harder to find, shareholders who demand even bigger windfalls and consumers who are about ready to revolt, you almost have to feel sorry for the oil companies. No, you really don’t.
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By Marie Cocco — Senate Republicans are determined to join with the Supreme Court to keep women on the losing end of discriminatory pay.
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online.wsj.com
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Wall Street Journal Managing Editor Marcus Brauchli is said to be leaving his post after 24 years at the paper—an unexpected development that media-watchers are attributing to conflict over new owner Rupert Murdoch’s plans for the newspaper.
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publicradio.org
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With a mind-set reminiscent of the Bush administration’s recent bailout of mortgage lenders, the Senate last week approved the Foreclosure Prevention Act, a bill that provides billions of dollars in tax breaks to big businesses like Ford and General Motors but takes only modest steps in addressing the plight of homeowners.
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flightnetwork.com
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As airlines around the globe struggle to navigate through tough times for the industry, Delta Air Lines Inc. and Northwest Airlines Corp. have come up with their own possible solution. By Tuesday, the two companies had reached an agreement to join forces and create Delta, the world’s biggest airline.
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By Joe Conason — For years, District Attorney Robert Morgenthau has warned that the nexus of capitalism and criminality poses a serious threat to America. With Bear Stearns now in ruins, maybe we will listen to him.
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By Marie Cocco — The housing crisis brings to mind Gordon Gekko, that fictitious ambassador of Wall Street whose words, then and now, remind us why uninhibited capitalism just doesn’t work.
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The New York Times / James Hill
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By Patrick Cockburn — All governments lie in wartime, but American and British propaganda in Iraq over the past five years has been more untruthful than in any other conflict since the First World War.
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By David Sirota — When it came to sex, Bill Clinton made us debate the definition of “is.” Now, when it comes to economics, Hillary Clinton wants to debate the definition of “long,” claiming this week in Ohio that “I’ve long been a critic of the shortcomings of NAFTA.”
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By Ellen Goodman — On Tuesday, I got a sarcastic e-mail from a Hillary supporter. She forwarded a crack made by Howard Wolfson, Clinton’s media man, about Obama. “Senator Clinton,” he scoffed, “is not running on the strength of her rhetoric.” To which my friend added: “Unfortunately.”
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By Mark Arax — It is said that behind every great fortune there is a crime. Here’s a true-life drama of self-invention, greed and ambition involving four larger-than-life men who singly, and together, helped create California. A book to be read after you’ve watched “There Will Be Blood.”
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By Marie Cocco — With the economy teetering on recession, there’s a way out of the usual political impasse, if the politicians want to find it.
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guardian.co.uk
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Al Gore’s Generation Investment Management has teamed up with venture capital heavyweight Kleiner Perkins Caufield & Byers to try to close the “significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis.” The alliance will have a global focus and will seek to multiply by “many times” the $200 million already invested by KPCB in green projects.
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By Eugene Robinson — It might be hard to feel sympathy for someone who spends $600 on a phone, but iPhone owners could use some emotional support, now that Apple CEO Steve Jobs has announced he’s cutting the price of the 10-week-old device by a third.
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Media tycoon Rupert Murdoch has long coveted The Wall Street Journal and has now reached a deal to buy parent company Dow Jones & Co. Many employees of the iconic paper and two board members who resigned expressed fears that the conservative Murdoch would damage the Journal’s objectivity and journalistic integrity, as with previous conquests.
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A weekly British business magazine, appropriately named The Business, reported Friday that media tycoon Rupert Murdoch had successfully added Dow Jones & Co. Inc. to his News Corp. empire, but other sources insist the deal is not yet sealed.
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By Marie Cocco — A majority of Democratic primary voters are women, and their support for Hillary Clinton goes beyond mere gender profiling—she’s led the fight against the kind of discrimination the Supreme Court now seems eager to protect.
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Internet radio has provided an eclectic and independent alternative to the mainstream hit-oriented, payola-ridden music marketplace, but industry greed now threatens to wipe out the medium. Truthdig checks in with Frannie Wellings of Free Press to find out whether Internet radio stands a chance and what music fans can do to save it.
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By Joe Conason — While Rupert Murdoch is as conscious of his image as any other legendary villain, he also seems to possess a sense of humor—or at least somebody around him does. Early in his ongoing bid to take over Dow Jones Publishing and The Wall Street Journal, a Murdoch spokesman said that the media mogul would reassure those who may fear for the paper’s independence and integrity with all of the “necessary promises.”
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In this satirical news brief, the Onion envisions a world where marketing and exploitation meet. What if clothing companies that depend on abusive labor practices were honest about it?
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By Ellen Goodman — The “mommy wars” are a sad distraction from the rampant unabashed discrimination against working mothers. A recent study showed that just dropping the PTA bomb was enough to send employers into a paranoid mom-bashing tizzy.
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The pseudo-pundit argues that the best way to leave no children behind is to put them to work.
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Britain’s biggest union will meet with the United Steel Workers, a North American organization, to discuss the possibility of a merger. The resulting international mega-union would be one of the largest in the world. The head of the British group has previously expressed a desire to form “a single global trade union movement capable of challenging the might of multinationals.”
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Some 400,000 Israeli workers launched a general strike over unpaid wages that threatened to shut down the nation’s economy. Needless to say, this isn’t good news for Prime Minister Ehud Olmert, whose popularity is down to 3 percent. Update: The eight-hour strike, which brought much of the country to a standstill, was called off after the labor union and the Finance Ministry came to a compromise.
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smartstays.com
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Oil giant Halliburton has decided to move its headquarters to the United Arab Emirates in order to better exploit Mideast opportunities. The controversial company has had much success in the region, with no-bid contracts in Iraq helping it pull in $22.6 billion in global revenues in 2006.
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By Marie Cocco — Opponents of a new law that would make it easier to form unions, including the president and some Republicans in Congress, have found a clever if shameless method of concealing their loyalty to corporate greed.
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In a memo distributed to top executives, Starbucks’ chairman warned that rapid expansion had unfortunately contributed to the “dilution” and “commoditization of the Starbucks experience.” Howard Schultz charmingly went on to lament specific examples of the company’s “cookie cutter” problem, but then concluded the letter in a manner one would expect from a Starbucks executive: “This must be eradicated.”
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wildoats.com
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Natural supermarket giant Whole Foods announced Wednesday it would gobble up smaller rival chain Wild Oats. The marketplace for natural and organic food has grown increasingly competitive, a reality that has plagued Whole Foods in recent months.
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The business community is divided over minimum-wage legislation making its way through the Senate. While small businesses are celebrating the tax incentives included in the bill, major corporations are frustrated by the Democrats’ requirement that every new tax break be matched by either a tax increase or a closed loophole.
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nytimes.com
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Hugo Chavez announced plans on Monday to nationalize companies in Venezuela’s telecommunications and power industries, saying: “All that was privatized, let it be nationalized.” The recently re-elected president has ramped up efforts to transform Venezuela into a socialist society, while at the same time consolidating his power.
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dragonballyee.com
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American Apparel’s controversial founder has sold the clothing company to an investment firm for $382.5 million. The company made a name for itself by manufacturing guilt-free clothes in downtown Los Angeles, where it pays workers double the minimum wage and offers them healthcare, free meals and English lessons.
Posted on Dec 18, 2006
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flickr / Spring Dew
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Stacy Mitchell chronicles the successful campaigns of community activists around the country who’ve taken on retail giants and won. The key to victory is “getting people to see themselves not just as consumers, but as workers, producers, business owners, citizens, and stewards of their community.”
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Benghazi: Dissecting Congressional Follies, Media Coverage and ‘Cover-Up’ Charges
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