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By Arthur Blaustein
$12.95
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by Nomi Prins
$13
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NASA/Kathryn Hansen
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By Eugene Robinson — President Obama should spend his remaining years in office making the United States part of the solution to climate change, not part of the problem.
Posted on May 23, 2013
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Dario Castillejos, Cagle Cartoons, Dario La Crisis —
Posted on May 22, 2013
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At a Senate Banking Committee hearing Tuesday, the Massachusetts senator got the best of the Treasury secretary as she pressed him on whether the government should cap the size of big banks or break them up.
Posted on May 22, 2013
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AP
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By Susan Zakin — It’s likely Tamerlan Tsarnaev was just another angry young man in our brave new America, a burgeoning dystopia where mass murder suddenly seems like a weekly occurrence.
Posted on May 20, 2013
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AP/Ivan Sekretarev
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By Juan Cole — Not since the end of the Cold War in 1991 has Russia asserted itself so forcefully beyond its borders.
Posted on May 20, 2013
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AP/ Hasan Sarbakhshian, File
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By Thomas Hedges, Center for Study of Responsive Law —
A bipartisan team of U.S. senators has introduced a bill that would expand sanctions against Iran by targeting an estimated $100 billion worth of the country’s foreign currency reserves that are parked in overseas accounts.
Posted on May 20, 2013
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AP/Carolyn Kaster
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The Democratic senator from New York has proposed legislation that would allow holders of student debt to refinance their loans at lower interest rates, a move that could save tens of millions of borrowers a combined $14.5 billion in the first year.
Posted on May 20, 2013
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Image via Shutterstock
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By Robert Reich — As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom, while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries need a comprehensive tax agreement that won’t allow global corporations to get away with this.
Posted on May 20, 2013
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Rather than bridging economic disparities between students, higher education seems to be widening them; although Google’s new customizable maps sound like a great idea, they filter out a lot of useful information; and although some would like to blame the collapse of the middle class on the Internet, truth is it was falling apart long before the World Wide Web. These discoveries and more after the jump.
Posted on May 20, 2013
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on May 20, 2013
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Illustration by Mr. Fish
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By Chris Hedges — We must either defy the corporate state or accept our extinction as a species. We have been stripped of the power to express dissent or effect change. Rebellion is the only way to remain fully human.
Posted on May 19, 2013
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Image via Shutterstock
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By Juan Cole — One of the social control mechanisms deployed in a plutocracy to keep people quiet while their pockets are being picked is the lottery. It is a scam.
Posted on May 19, 2013
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Bill Schorr, Cagle Cartoons —
Posted on May 18, 2013
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Randall Enos, Cagle Cartoons —
Posted on May 18, 2013
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AP/LM Otero
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By David Sirota — If I told you that government officials possessed ironclad proof that an imminent threat to this nation had the capacity to create a 9/11’s worth of injuries and deaths every year at an annual economic cost of a quarter trillion dollars, ask yourself: Would you say we should do something about it?
Posted on May 16, 2013
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AP/Don Ryan
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By Joe Conason — Having served in Congress for more than three decades—and in the upper chamber since 1996—Oregon Democrat Ron Wyden has established a reputation as one of the Senate’s more serious and diligent members.
Posted on May 16, 2013
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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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Image via Shutterstock
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By Robert Reich — Many of you soon-to-be college graduates are determined to make the world a better place. But many of you are cynical about politics. “What chance do we have against the Koch brothers and the other billionaires?” you’ve asked me. “How can we fight against Monsanto, Boeing, JPMorgan and Bank of America? They buy elections. They run America.”
Posted on May 14, 2013
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AP/Cliff Owen
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By Robert Scheer — How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business.
Posted on May 14, 2013
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John Darkow, Cagle Cartoons, Columbia Daily Tribune, Missouri —
Posted on May 12, 2013
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State Farm (CC BY 2.0)
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Crippling student debt is keeping hundreds of thousands of Americans from spending money on goods and services in the real economy, which is constraining the nation’s recovery.
Posted on May 11, 2013
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Steve Sack, Cagle Cartoons, The Minneapolis Star Tribune —
Posted on May 11, 2013
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Pavel Constantin, Cagle Cartoons, Romania —
Posted on May 11, 2013
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A look at the day’s political happenings, including President Obama shifts his attention and Gabrielle Giffords’ gun control group gears up to go head to head with the NRA.
Posted on May 9, 2013
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Patrick Chappatte, Cagle Cartoons, Le Temps, Switzerland —
Posted on May 8, 2013
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The senator’s first piece of stand-alone legislation is aimed at giving students who take out federally subsidized loans the same interest rate the big banks get when they borrow from the government. Student loans rates are set to go up to 6.8 percent July 1. Meantime, the big banks responsible for plunging the economy into a recession a few short years ago pay just 0.75 percent
Posted on May 8, 2013
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Shutterstock illustration of American candle burning.
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By Theodoric Meyer, ProPublica —
Among other effects, cancer clinics in March began turning away thousands of Medicare patients being treated with expensive chemotherapy drugs, which the clinics say they can no longer afford.
Posted on May 7, 2013
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Flickr/401(K) 2013
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A new study paints a sobering picture of the negative consequences austerity is having on the U.S. economy (and shows once more that New York Times columnist Paul Krugman, a consistent voice against austerity, is right).
Posted on May 7, 2013
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AP/Carolyn Kaster
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By Robert Scheer — The president has chosen to fill two key Cabinet positions dealing with business practices with people who specialized in financial rip-offs.
Posted on May 7, 2013
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By E.J. Dionne, Jr. — President Obama got roughed up by the pundit class last week. The question is what lessons he draws from the going-over.
Posted on May 6, 2013
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Screenshot
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In his latest column for The New York Times, the Nobel Prize-winning economists notes that before President Obama took office in 2009, seven of the 10 previous presidents left the Oval Office with debt ratios lower than when they entered it. The three who did not: Ronald Reagan, George H.W. Bush and George W. Bush.
Posted on May 6, 2013
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A look at the day’s political happenings, including Bill Maher suggests a new rule for those who want to strip away constitutional rights to ensure “justice” and former Congresswoman Gabrielle Giffords gets a well-deserved honor.
Posted on May 5, 2013
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The wealthy failed GOP presidential candidate doesn’t want them worrying about getting a job and making money, because who needs those things to support a family?
Posted on May 5, 2013
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Image via Shutterstock
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The richest Americans made trillions during the so-called economic recovery from 2009 to 2011, while most everyone else’s net worth dropped, according to a recent study. “It’s as if the entire economic recovery is going into the pockets of the rich,” Les Leopold writes at AlterNet. “And that’s no accident.”
Posted on May 5, 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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Monte Wolverton, Cagle Cartoons —
Posted on May 1, 2013
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Shutterstock photo of EU flags.
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By William Pfaff — The “More Europe” remedy favored by German Chancellor Angela Merkel seems plausible enough as a slogan, but so did the single currency.
Posted on Apr 30, 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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Capitol Hill image via Shutterstock
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By Robert Reich — What is Washington doing to fix the economy? Worse than nothing. It has now adopted the same kind of austerity economics that’s doomed Europe—cutting federal spending and reducing total demand. And the sequester doesn’t end Sept. 30. It takes an even bigger bite out of the federal budget next fiscal year.
Posted on Apr 29, 2013
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By E.J. Dionne, Jr. — The policy mystery of our time is why politicians in the United States and across much of the democratic world are so obsessed with deficits when their primary mission ought to be bringing down high and debilitating rates of unemployment.
Posted on Apr 28, 2013
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By Richard Reeves — Times are tough. Do the numbers: Chief executive officers of the country’s biggest companies experienced pay increases of a minuscule 15 percent in 2012, compared with the 28 percent their pay rose in 2011.
Posted on Apr 26, 2013
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Shutterstock photo of a man holding money.
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By Thomas Hedges, Center for Study of Responsive Law —
The Financial Transaction Tax, or Robin Hood Tax, would generate more than $300 billion a year in revenue, thereby doing away with the need for the sequester currently forcing across-the-board budget cuts.
Posted on Apr 24, 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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Now that the foundations of austerity are crumbling because of an Excel coding error, few may be willing to champion the economic theory; sci-fi may become part of the mandatory reading list for West Virginia students; meanwhile, flamenco has become more than a dance—it’s a new way to protest the banks. These discoveries and more after the jump.
Posted on Apr 24, 2013
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Shutterstock photo of recession.
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By William Pfaff — The blood runs cold when one fully appreciates how vulnerable official policymakers and the Western policy community are to slogans and to magical thinking.
Posted on Apr 23, 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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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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