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Wikimedia Commons

Ganging Up on Alzheimer’s

A decision by scientists back in 2003 to share their findings on Alzheimer’s research has led to a “wealth of recent scientific papers” and important advances in moving to understand the disease and develop drugs to combat it.

Posted on Aug 13, 2010 READ MORE



White House / Pete Souza

The Socialist Who Coddles Business?

The titans of the private sector say President Obama is anti-business. Many progressives say he coddles business. How does the administration manage to pull that off?

Posted on Jul 18, 2010 READ MORE



AP / Carolyn Kaster

There’s Just No Pleasing Some Robber Barons

The flight from reason that now marks American public discourse came home for me last Friday when I found myself on public radio debating whether Barack Obama is anti-business.

Posted on Jul 13, 2010 READ MORE



Crisis of Capitalism

Today’s list features an amazing animation on the crisis of capitalism, a dispatch from a Gulf Coast media felon and a debate on the ownership of breasts.

Posted on Jul 6, 2010 READ MORE


Deepwater Horizon
AP / Petty Officer 2nd Class Scott Lloyd, U.S. Coast Guard

Oil Companies Awash in Subsidies

As the government weighs a tax on petroleum production to help pay for the Gulf spill cleanup—and as oil companies cry foul—a quick analysis of the U.S. tax code shows the oil industry to be one of the country’s most heavily subsidized.

Posted on Jul 4, 2010 READ MORE


capitalism and the jews

Zachary Karabell on ‘Capitalism and the Jews’

Jerry Z. Muller, a leading historian of capitalism, provides in his provocative new book a fresh look at a subject that, to say the least, has been both thoroughly misunderstood and a forbidden, even taboo, topic.

Posted on Jun 10, 2010 READ MORE



Flickr / Partido Socialist

Spain Bites the Bullet

As the euro continues to tank and European countries scramble to deal with shrinking economic forecasts, Spain has proposed slashing its spending plans by nearly 8 percent next year as it struggles to deal with financial turbulence.

Posted on May 28, 2010 READ MORE



Flickr / thaths

Millions at Risk in Africa Drought

With malnutrition already well past dangerous levels, some 10 million Africans will face extreme hunger over the next few months as the threat of famine floats across West Africa amid a drought that killed off last year’s crops and has left the region’s agricultural economy in ruins.

Posted on May 28, 2010 READ MORE



Wikimedia Commons

Former AIG Exec May Be Off the Hook

People close to the case are claiming that AIG executive Joseph Cassano will not face federal charges related to allegations that he misled investors over the company’s handling of mortgage-related securities prior to the economic crash and subsequent Wall Street bailout.

Posted on May 22, 2010 READ MORE



Flickr / soathevy

Retail Debit Fees May Be Capped

The beleaguered banking industry suffered yet another blow Thursday evening after the Senate voted to impose price controls on debit transactions, a move that follows years of begging by retailers for governmental limits on the high charges demanded by banks every time a consumer swipes a debit card. The amendment is in a bill that still must win Senate approval.

Posted on May 15, 2010 READ MORE



Wikimedia Commons

Former Chavez Amigo Jailed

A onetime comrade, and current critic, of Venezuelan jefe Hugo Chavez has been sentenced to eight years in prison on charges of abuse of power, misappropriation of funds and violation of the military code while an officer in the army.

Posted on May 9, 2010 READ MORE



Flickr / Nikolas Giakoumidis

Greeks Focus Their Rage on the IMF

While the genesis of Greece’s financial crisis may come straight out of economic textbooks, the recent intervention of the EU and now the IMF into Greek affairs has guaranteed popular resistance to the bailout—which many see as foreign subjugation of their country.

Posted on May 9, 2010 READ MORE



AP / Dimitri Messinis

Kanellos the Protest Dog

A stray dog named Kanellos has apparently been on the front lines of most major protests in Greece over the past two years. He is also the focus of a blog, the subject of a recent Guardian photo essay, and the inspiration for several YouTube video homages.

Posted on May 7, 2010 READ MORE


bookcover

Fred Branfman on ‘The Big Short’

Author Michael Lewis in his best-selling book takes us inside capitalism’s “doomsday machine,” and it’s your worst nightmare come true.

Posted on May 6, 2010 READ MORE


BP logo
AP / Charles Dharapak

The Capitalist Hagiography Has Little Room for Saints

Perhaps the most enervating element of the BP-Deepwater Horizon disaster is its eerie familiarity—the sheer, inexorable predictability of it all.

Posted on May 5, 2010 READ MORE


Morales
AP / Juan Karita

Nationalization Becomes Electric

President Evo Morales is pressing forward with his nationalization program in Bolivia, seizing four private electric companies Saturday morning. The government now controls 80 percent of the country’s power generation.

Posted on May 1, 2010 READ MORE


NYSE
AP / Henny Ray Abrams

Stock Market at 19-Month High

Even in the face of an extended recession, devastating double-digit unemployment and a barrage of political charges that President Barack Obama’s health care reform will decimate the economy, the U.S. stock market finished the week at a 19-month high.

Posted on Apr 24, 2010 READ MORE



Flickr / James Callan

BofA Back in the Black

We can all now breathe a collective sigh of relief: Bank of America has returned to quarterly profit after losing almost $200 million in the last quarter of 2009. The news comes even as home foreclosure activity hit an all-time record in March.

Posted on Apr 17, 2010 READ MORE



Flickr / The City Project

Saving Olvera Street

Culture and history matter, even if it costs money. Someone should tell that to the city of Los Angeles, which is raising rents on the merchant tenants of Olvera Street, a Mexican-heritage historical site downtown that is currently undergoing privatization.

Posted on Apr 16, 2010 READ MORE


Cry Me a River

Let us stop to collectively mourn a new figure from The New York Times: Chief executives in the United States’ largest publicly traded companies found that their compensation dropped 15 percent in 2009, hitting bourgeois rock bottom at a measly $9.53 million yearly average.

Posted on Apr 4, 2010 READ MORE



Flickr / Studio d'Xavier

Capsize and Trade

Cap and trade was all the rage back in 2009, with the market-driven system of curbing emissions seen as a dominant force in addressing global warming problems. Now the concept has seemingly fallen out of favor.

Posted on Mar 26, 2010 READ MORE



Flickr / Dan DC

Global Recession Scars the Rich Nations

According to the International Monetary Fund, the global economic crisis has not only screwed over the poor but has left “deep scars” on the developed world. The level of debt owed to richer countries is the highest since World War II, the IMF says.

Posted on Mar 21, 2010 READ MORE



Flickr / eflon

Regulating Too Big to Fail

Coming only a year too late to the party, Fed Chair Ben Bernanke has asserted that regulators must be “significantly tougher” on the large financial firms, arguing that the perception of those institutions as “too big to fail” threatens competition in the financial markets.

Posted on Mar 20, 2010 READ MORE



AP / Petros Giannakouris

Bailing Out Greece

In an effort to save the Greek economy, and by extension the euro itself, eurozone countries—the 16 European Union states that use the common currency—have agreed on a multibillion-euro bailout that also will impose financial austerity measures on Greece.

Posted on Mar 12, 2010 READ MORE


The Tax War Goes Online

Amazon has sent a message to states buckling under budget deficits: If you make us play by the same tax rules as other businesses, we’ll punish you.

Posted on Mar 11, 2010 READ MORE



AP / Mikhail Metzel

The Winner and Still Champion, the Olympic (Ka-Ching!) Movement

In the wake of the just-concluded Winter Games—aka They Can Even Sell This Stuff?—it’s amazing to think how little was left of the Olympic movement in 1984, when it crawled into Los Angeles on its last legs.

Posted on Mar 11, 2010 READ MORE


Hedges Talks Capitalism in Michael Moore Interview

In a newly available interview, Truthdig’s Chris Hedges sits down with filmmaker Michael Moore and poignantly argues that capitalism is driving humanity’s downfall. Moore conducted the interview for his latest movie, “Capitalism: A Love Story,” but eventually cut it from the documentary.

Posted on Mar 6, 2010 READ MORE



Flickr / No Sweat UK

Iraq’s Oil for Iraq

In an announcement that was one part election hackery and one part good domestic politics, the Iraqi prime minister has declared that his country will not sell the rights to any more of its oil fields to foreign companies, a move that signals an intent by Iraq to develop its own national oil industry.

Posted on Feb 20, 2010 READ MORE



Flickr / World Economic Forum

My Big Fat Wall Street Bankers

The logic of global capitalism is everywhere. New investigations are showing that the same Wall Street tactics—and companies—that ushered our own economy to economic collapse have emerged to exacerbate Greece’s current financial crisis.

Posted on Feb 14, 2010 READ MORE


Haiti aftermath
AP / Gregory Bull

Forgiving Haiti’s Debt

Call it pity or call it sensible politics, the G-7 nations have together pledged to cancel $1.2 billion in debt that Haiti owes them, something Global South activists have been requesting for all developing countries—not just those hit by horrible earthquakes.

Posted on Feb 7, 2010 READ MORE


Blankfein
AP / Mark Lennihan

Goldman’s Hand in AIG’s Collapse

Recently disclosed internal documents and an audio recording regarding a 2008 securities standoff between Goldman Sachs and insurance giant AIG appear to be the smoking guns necessary to pinpoint Goldman’s culpability in the mortgage meltdown and the collapse of AIG.

Posted on Feb 6, 2010 READ MORE


Why Obama Must Take On Wall Street

It has been more than a year since all hell broke loose on Wall Street, and even after the State of the Union, almost nothing has been done to prevent all hell from breaking loose again.

Posted on Jan 28, 2010 READ MORE



commons.wikimedia.org / Ramy Majouji

Obama Wants a Wall Street Recovery Tax

President Barack Obama wants to slap a new tax on the country’s largest financial institutions in an ostensible attempt to “recover every single dime” given away in 2008’s Wall Street bailout. The tax was met with predictable fat-cat jeers, despite the fact that the industry has largely recovered from the crisis. 

Posted on Jan 14, 2010 READ MORE


The Profit

Share
Posted on Dec 23, 2009 READ MORE    



Wikimedia Commons

Downsizing Charlie Brown’s Christmas

The cartoon “A Charlie Brown Christmas” is a classic that offers us an endearing and memorable message against yuletide commercialism. But ABC must not have been paying attention, as it cut several key scenes from the program to add even more space for—you guessed it—advertisements.

Posted on Dec 10, 2009 READ MORE



seplan.am.gov.br

Halt! Who Grows There?

Citing the fact that industrialized countries cause much more environmental destruction than loggers and farmers in the Amazon, Brazilian President Luiz Inácio Lula da Silva has called on Western countries—“gringos”—to help halt deforestation.

Posted on Nov 28, 2009 READ MORE



AP / Mark Lennihan

Steve Fraser on the Crisis of Capitalism

Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the collapse of capitalism, the likes of which we haven’t seen since the Great Depression?

Posted on Nov 6, 2009 READ MORE


Rand
radicalsforhappiness.com

Ayn Rand Revisited

Two new biographies about the irascible and idiosyncratic Ayn Rand, objectivist philosopher and ham-fisted mistress of the capitalist morality tale, show how her rocky Russian childhood and her subsequent self-reinvention campaign in America (partly conducted in Hollywood, of course) influenced her work, and how her ideas led to her own undoing.

Posted on Nov 2, 2009 READ MORE


Marx
Wikimedia Commons / marxists.org

Marx Gets a Boost from the Vatican

Although Pope Benedict XVI made a point of denouncing institutionalized Marxism two years ago, the Vatican’s own newspaper, L’Osservatore Romano, last week cast a more redemptive light on Karl Marx’s ideas by going to the primary source and validating the German economist’s critiques of capitalism.

Posted on Oct 26, 2009 READ MORE



blogspot.com

Obama Orders Salary Cuts

In a move to quell public outrage, President Obama has ordered the government’s “pay czar” to cut by 90 percent the multimillion-dollar salaries that executives of seven bank and auto companies are receiving, citing the fact that these firms are entirely dependent on U.S. taxpayer money for financial survival.

Posted on Oct 22, 2009 READ MORE



gawker.com

Wall Street Bonuses ‘Offensive’

The Obama administration, perhaps getting wise to public opinion, is lashing out at Wall Street firms. White House senior adviser David Axelrod called the huge bonuses executives received this year “offensive” in light of the fact that the rest of us are struggling through an economic crisis.

Posted on Oct 18, 2009 READ MORE


health care signs
AP / Lynne Sladky

Real Talk on Health Reform

President Barack Obama has finally put into words what everyone already knows: that insurance companies are “deceptive and dishonest” in their efforts to kill any semblance of health care reform, no matter the cost. Now let’s see if he does anything with this knowledge.

Posted on Oct 17, 2009 READ MORE



nydailynews.com

Billionaire Arrested for Alleged Insider Trading

Billionaire hedge fund founder Raj Rajaratnam was arrested Friday and charged  with running the largest hedge fund insider-trading scheme in history. Charged with Rajaratnam, founder of Galleon Group, were executives of several prestigious U.S. companies.

Posted on Oct 17, 2009 READ MORE



modernsalon.com

The Dark Side of Cause-Marketing

Cause-related marketing, such as National Breast Cancer Awareness Month, may just be a way to move products at higher prices. A new report details the difficulty well-intentioned consumers may encounter in getting a tiny portion of their purchases to go to the intended charities.

Posted on Oct 16, 2009 READ MORE



infiniteunknown.com

When They Call, Geithner Answers

It’s unsurprising to say the least: A Freedom of Information Act request has discovered that Treasury Secretary Timothy Geithner is in daily two-way communication with a small group of Wall Street CEOs—at Citigroup, JPMorgan, Goldman Sachs—while lawmakers like Rep. Xavier Becerra are forced to leave messages for him.

Posted on Oct 8, 2009 READ MORE


Unemployment
wfxl.com

U.S. Unemployment Edges Toward Double Digits

Economic news and pessimistic views: U.S. unemployment increased slightly to 9.8 percent and, moreover, this figure shows the crisis is far from over, experts say. Joblessness is at a 26-year high.

Posted on Oct 2, 2009 READ MORE



capitalismalovestory.com

Capitalism Means Never Having to Say You’re Sorry

Michael Moore’s latest look at what’s wrong (and right) with America is a lot better—and a lot more radical—than some of the brie-eaters reviewing it think. It’s a cry from the soul of a man who sees the whole country turning into his hometown hell of Flint, Mich.

Posted on Oct 1, 2009 READ MORE


Wash Me

Share
Posted on Sep 27, 2009 READ MORE    


g20
EPA / Win McNamee

G-20 Muscles G-7 Aside

It looks like the G-20 is set to permanently replace the G-7 as the world’s dominant economic forum, an indirect admission that there was something unfair about the world’s seven wealthiest countries deciding economic policy for the entire globe.

Posted on Sep 25, 2009 READ MORE


Bear Ice Cap
polarice.com

Investors Against Climate Change

We normally think of capitalists as ravaging the Earth with profit in their eyes. While that still might be true, 181 of the world’s largest investors have issued a united call for action against climate change, most importantly a binding treaty to cut pollution and boost funding for low-carbon technologies.

Posted on Sep 17, 2009 READ MORE


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