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$16.00
By Morris Dickstein
$19.77
$22
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nytimes.com
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With little surprise but incredible effect, the U.S. unemployment rate rose to 7.6 percent in January, hitting its highest level since 1992. President Obama used the report to prod Congress to pass his economic stimulus package.
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Lie Louis Périn-Salbreux
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By Eugene Robinson — Earth to Wall Street: It’s over, people. You had a terrific run, better than you deserved, but now you’d be wise to pay attention to those citizens outside, the ones with the pitchforks and the torches.
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news.sky.com
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Adding to the solemn string of record-breaking statistics, new figures show that the suicide rate among U.S. Army members has hit its highest level in three decades. Last year, over 128 soldiers took their own lives, a telling sign of our military and political climate.
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By Ellen Goodman — What will happen if Michelle Obama makes the personal her political issue? What would a serious work-and-family policy look like?
Posted on Jan 14, 2009
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By Marie Cocco — Much of the business-tax package Obama contemplates fails his own test of cutting business taxes “where it makes sense and is going to work.”
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msnbc.com
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Following in the footsteps of 2008’s dismal economic news, global manufacturing has fallen to low levels unseen for decades. In the U.S., factory activity has dropped to a 28-year low, marking a slump that further adds to the bad economic trends as we enter 2009.
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By David Sirota — If you’re like me, you sometimes find yourself speechless when confronted with abject insanity, such as conservatives’ newest talking point—the one designed to stop Congress from passing an economic stimulus package.
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By Ellen Goodman — Now, competitive consumption has been replaced by contagious anxiety. Buying hit the wall with the housing collapse, the stock market plunge, the credit card crunch and the surge in unemployment figures.
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AP photo / Manuel Balce Ceneta
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By Stanley Kutler — Wall Street will not trouble its collective consciousness with worry over the Constitution. But this bailout bill is virtually unprecedented in its assumptions and its reach for unchecked power.
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AP photo / J. Scott Applewhite
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By Robert Scheer — Does it really matter which party is in charge when it comes to bailing out the Wall Street hustlers whose shenanigans have bankrupted so many ordinary folks? Not if the Democrats roll over and cede power to the former head of Goldman Sachs, the investment bank at the center of our economic meltdown.
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By David Sirota — Barack Obama isn’t going to win any arguments about the economy if he keeps winking at the robber barons who helped wreck Wall Street.
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By E.J. Dionne, Jr. — Americans don’t mind wealthy and even rapacious capitalists as long as they deliver the goods to everyone else. But when the big boys drag everyone else down, Americans rise up in righteous anger.
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Financial columnist Paul Krugman, trying to make sense of the Lehman Brothers debacle, warns that “the defenses set up to prevent a return of those bank runs, mainly deposit insurance and access to credit lines with the Federal Reserve, only protect the guys in the marble buildings, who aren’t at the heart of the current crisis. That creates the real possibility that 2008 could be 1931 revisited.”
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Tens of thousands of the desperately depressed sign up every year in the U.S. to have electricity-induced grand mal seizures even though nobody has ever figured out why the treatment works or how severe the associated brain damage is. The good news: You no longer have to be awake, and muscle relaxants now keep your bones from breaking.
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Flickr / PetroleumJelliffe
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According to the most recent data from the IRS, the wealthiest 1 percent of Americans took home a greater share of the nation’s income in 2006 than in any year of the previous 19. It’s possibly the biggest income disparity Americans have seen since the Great Depression. The average tax rate of the super-rich was at its lowest level in at least 18 years.
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By E.J. Dionne, Jr. — Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries, and how government should keep its hands off the private economy.
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From erowid.org
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Researchers have found that the club drug ketamine, an animal anesthetic, works wonders in treating depression in humans—and works in a completely different way than Prozac or Zoloft, opening up an entirely new approach in the treatment of the disease. (via Andrew Sullivan)
Posted on Sep 28, 2006
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