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By Nicholson Baker
$19.80
By Robert B. Reich
$16.50
$35
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Plastic Jesus (CC BY 2.0)
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A score of recent defense department and other official documents warn that climate change, energy shocks and economic crisis could trigger waves of civil unrest. The understanding seems to explain the proliferation of security and surveillance programs over the last decade.
Posted on Jun 15, 2013
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AP/Carolyn Kaster
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Barack Obama has once again dropped all pretenses of being a progressive president by nominating Penny Pritzker—a major campaign contributor with a personal fortune estimated at $1.85 billion and a history of dogging bank regulations—to head the Commerce Department.
Posted on May 2, 2013
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Twitter/ Niraj Chokshi
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Only four lawmakers were in attendance at a congressional hearing about the important issue Wednesday.
Posted on Apr 24, 2013
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AP/Francisco Seco
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As lawmakers on both sides of the aisle spend copious amounts of time on their seemingly futile quest to reach an agreement about how to deal with the nation’s burgeoning debt, there’s an even bigger economic problem in the U.S.: unemployment.
Posted on Apr 22, 2013
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Leshaines123 (CC BY 2.0)
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The next global economic shock could come from the carbon markets as an investment bubble in fossil fuels grows to the tune of trillions of dollars.
Posted on Apr 19, 2013
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Image via Shutterstock
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By Robert Reich — Perhaps the most disturbing aspect of all this is that we’re in the fifth year of a supposed economic recovery from the second-worst economic downturn of the past century, and we’re still not nearly back on track. Instead, we’ve had the most anemic recovery in history.
Posted on Apr 7, 2013
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H.Adam (CC BY 2.0)
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By Steve Fraser, TomDispatch —
We think of the financial crisis as a man-made calamity, and Hurricane Sandy as the malignant innocence of nature. But neither the notion of a man-made nor natural disaster quite captures how the power of a few and the vulnerability of the many determine what is really going on at ground level.
Posted on Apr 4, 2013
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AP/Francisco Seco |
The New York Times columnist argues that the political elites and pundits who perpetuated the Bush administration’s disinformation and calls for war seem to have learned nothing from that experience. Case in point: the deficit obsession.
Posted on Mar 18, 2013
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John Cole, Cagle Cartoons, The Scranton Times-Tribune —
Posted on Feb 24, 2013
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Was this the best year in human history? “Obviously not,” says Truthdig Editor-in-Chief Robert Scheer. He and the other “Left, Right & Center” panelists debate the positives and negatives of 2012 both for Americans and humanity as a whole.
Posted on Dec 29, 2012
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daveeza (CC BY-SA 2.0)
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The man who missed the $8 trillion housing bubble that was generating more than $1 trillion in wealth per year—and the collapse of which led to the current demand crisis that is strangulating the economy—was present at the formation of the corporate-backed Campaign to Fix the Debt.
Posted on Dec 29, 2012
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Angel Boligan, Cagle Cartoons, El Universal, Mexico City —
Posted on Dec 25, 2012
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Luca Ciriani (CC BY-ND 2.0)
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Gerard Depardieu’s blustery renunciation of his French citizenship for the purpose of avoiding a tax increase imposed to combat the fiscal crisis has exposed a bitter division in the French populace that includes some of its most famous citizens.
Posted on Dec 22, 2012
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dps (CC BY 2.0)
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By Ellen Brown, Web of Debt —
Taxpayers and governments that are pushed too far have been known to resort to radical policy measures, and there are some on the table that could fix the problem at its core.
Posted on Dec 20, 2012
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Democracy Now!
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By Alexander Reed Kelly — “We all misjudged the risks involved,” former Federal Reserve Chairman Alan Greenspan said in March 2010 of the housing bubble that led to the financial crisis. He forgot about economist Dean Baker.
Posted on Dec 15, 2012
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Paul Zanetti, Cagle Cartoons, Australia —
Posted on Dec 7, 2012
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Medill DC (CC BY 2.0)
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The Federal Reserve ended its do-little policy on Thursday, pledging to keep interest rates near zero and announcing an open-ended commitment to buy bonds and possibly take other steps to push the economy into motion.
Posted on Sep 13, 2012
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USAG-Humphreys (CC BY 2.0)
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New numbers from the U.S. Census Bureau report a steady decline in median household income for Americans, a yawning inequality gap and more than one in five children under age 18 living in poverty.
Posted on Sep 12, 2012
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jrodmanjr (CC BY-ND 2.0)
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The Federal Reserve announced last week that it would launch no new stimulus programs to jump-start the economy, and editors at The Washington Post applauded Edward DeMarco, acting director of the Federal Housing Finance Agency, for refusing to refinance mortgages for struggling homeowners.
Posted on Aug 4, 2012
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Adam Zyglis, Cagle Cartoons, The Buffalo News —
Posted on Jul 4, 2012
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Christo Komarnitski, Cagle Cartoons, Bulgaria —
Posted on Jun 29, 2012
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Martin Sutovec, Cagle Cartoons, Slovakia —
Posted on Jun 28, 2012
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Martin Sutovec, Cagle Cartoons, Slovakia —
Posted on Jun 16, 2012
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Patrick Chappatte, Cagle Cartoons, NZZ am Sonntag —
Posted on Jun 11, 2012
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Cam Cardow, Cagle Cartoons, The Ottawa Citizen —
Posted on Jun 9, 2012
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Tom Janssen, Cagle Cartoons, The Netherlands —
Posted on Jun 8, 2012
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RJ Matson, Cagle Cartoons, Roll Call —
Posted on Jun 6, 2012
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Rick McKee, Cagle Cartoons, The Augusta Chronicle —
Posted on May 26, 2012
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on May 19, 2012
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Rick McKee, Cagle Cartoons, The Augusta Chronicle —
Posted on May 17, 2012
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Christo Komarnitski, Cagle Cartoons, Bulgaria —
Posted on May 16, 2012
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Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE —
Posted on May 15, 2012
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Christo Komarnitski, Cagle Cartoons, Bulgaria —
Posted on May 8, 2012
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Arcadio Esquivel, Cagle Cartoons, La Prensa, Panama —
Posted on Apr 28, 2012
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Gabriela Camerotti (CC-BY)
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Tally the fatal, unhappy costs of runaway capitalism. Across Europe, businessmen unable to cope with the world made by the 2008 economic crash are taking their lives.
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Anuska Sampedro (CC-BY)
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Strikers all but halted road, rail and air services in Spain on Thursday as part of a one-day general strike against austerity measures imposed by Prime Minister Mariano Rajoy’s recently elected conservative government.
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Groundbreaking research in behavioral economics may pose the greatest academic threat ever to free-market theory, suggesting that emotions linked to brain chemistry—not rational self-interest—play a deciding role in how we spend, save and invest.
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HA! Designs - Artbyheather (CC-BY)
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Bank of America: $11.9 billion; JPMorgan: $5.44 billion; Wells Fargo: $4.35 billion. These are the fines the banks have paid so far in settlements to the government for wrongdoing amid the financial crisis.
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Parti socialiste (CC-BY)
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By Peter Bratsis, Truthout —
The most central and constant dilemma in modern politics—whether the will of the people or that of bureaucrats and specialists should rule—is on full display in Greece.
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Martin Sutovec, Cagle Cartoons, Slovakia —
Posted on Dec 11, 2011
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AP / Geert Vanden Wijngaert
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At the close of an economic summit that appears to have failed to rescue Italy, Spain and more of Europe from sinking deeper into a mire of recession, Guardian economics editor Larry Elliott prefigures the collapse of the euro as a unifying currency of the European Union. (more)
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A rich banker who appears to have learned none of the lessons of 20th-century economic history. A newscaster who snickers at an impassioned argument. And a reporter dismissed as a young girl who will one day learn better. This exchange between a former Goldman Sachs executive, a BBC correspondent and British journalist Laurie Penny ... (more)
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Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE —
Posted on Oct 5, 2011
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Flickr / Images_of_Money
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In the discussion over how to solve Europe’s financial crisis, opponents of the euro argue “that it is a monetary straitjacket and that the best reform now would be its breakup.” Not so, says Will Hutton, author, columnist and former editor-in-chief of The Observer. (more)
Posted on Sep 21, 2011
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Nurses in San Francisco make a statement about Wall Street; Hispanic media are faring better than their mainstream counterparts; and Steve Jobs leaves the world with a pricey legacy. These discoveries and more after the jump.
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Flickr / Center for American Progress
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Two seemingly—but not actually—contradictory things must be understood to grasp the meaning of the anger and excitement over Standard & Poor’s downgrade of U.S. government debt, says Paul Krugman. (more)
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Aislin, Cagle Cartoons, The Montreal Gazette —
Posted on Jul 31, 2011
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David Fitzsimmons, Cagle Cartoons, The Arizona Star —
Posted on Jul 12, 2011
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Flickr / World Economic Forum
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George Soros issued a dire warning to the European Union recently, stating that fundamental flaws in the design of the euro are preventing economically distressed nations like Greece from getting back on their feet and threatening the very existence of the EU. (more)
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Bank of America Lied to Homeowners and Rewarded Foreclosures, Ex-Employees Say
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