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Tag: Economy


Flickr / david.nikonvscanon (CC-BY)

The Crime of Our Time

Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”

Posted on May 5, 2010 READ MORE



Flickr / david.nikonvscanon (CC-BY)

The Crime of Our Time

Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”

Posted on May 5, 2010 READ MORE


Border-First Hallucinations

The notion that the first thing to do is “secure the border” between the United States and Mexico—and only then worry about comprehensive immigration reform—falls somewhere between hopeful fantasy and cynical cop-out.

Posted on May 4, 2010 READ MORE



U.S. Air Force / Airman 1st Class Eboni Knox

No One Cares

We are approaching a decade of war in Afghanistan, and the war in Iraq is in its eighth year. The peace movement, despite the heroic efforts of a handful of groups, is dead.

Posted on May 3, 2010 READ MORE


And Nothing But the Truth

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Posted on May 2, 2010 READ MORE


Somali Pirates Say They Are Subsidiary of Goldman Sachs

The pirate leader acknowledged that they merged their operations with Goldman in late 2008 to take advantage of the more relaxed regulations governing bankers as opposed to pirates, “plus to get our share of the bailout money.”

Posted on May 2, 2010 READ MORE



Flickr / International Monetary Fund

Profiting From Peace

Who would have thought that peace could be good for the economy? Ask Stanley Fischer, Israel’s central bank chief, who delivered that startling pronouncement in a speech this weekend, arguing that a peace deal between his country and the Palestinians would actually help Israel achieve “one of the most advanced economies in the world.”

Posted on May 2, 2010 READ MORE



AP / Bob Bird

Pitting Worker Against Worker

In this May Day special feature, economist Moshe Adler argues that the answer to our immigration, labor and broader economic problems is more immigration and more welfare for all.

Posted on Apr 30, 2010 READ MORE



Live Chat: Robert Scheer on the Goldman Hearings

Will the Goldman Sachs hearings really accomplish anything? Are the Democrats just showboating? What are the prospects for real financial reform? Robert Scheer answers these reader questions and more.

Posted on Apr 29, 2010 READ MORE


How Wall Street Creates Socialists

No leftist polemicist could come up with as damning a description of contemporary capitalism as the contents of an e-mail that Goldman’s Fabrice “Fabulous Fab” Tourre sent to his girlfriend.

Posted on Apr 28, 2010 READ MORE


It Takes Power to Control Power

Discredited as the financial powers are, their wealth alone continues to provide them with wildly disproportionate influence over the political process.

Posted on Apr 28, 2010 READ MORE


The Fiddler

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Posted on Apr 28, 2010 READ MORE


The Republican to See Suddenly Won’t Deal

It isn’t easy being a caucus of one. Sometimes you don’t even agree with yourself. Just ask Sen. Lindsey Graham, the Democrats’ go-to Republican.

Posted on Apr 28, 2010 READ MORE



The New Secessionists

The difference between the tea party and the secessionist movement bubbling up in some two dozen states is that the tea party believes America can be fixed.

Posted on Apr 26, 2010 READ MORE


Party Crasher

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Posted on Apr 25, 2010 READ MORE


Goldman CEO to Perform Community Service as Treasury Secretary

A Treasury Department spokesperson said that by performing community service as treasury secretary, Lloyd Blankfein will do less harm to the economy because he will have significantly less power than he had as chairman of Goldman.

Posted on Apr 25, 2010 READ MORE


Lock, Stock & Sock

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Posted on Apr 23, 2010 READ MORE    


Titan Over Wall Street

Perhaps Obama could have scored more popularity points if he had ordered a few financiers to be led out of the Cooper Union auditorium in handcuffs.

Posted on Apr 22, 2010 READ MORE


Bill Clinton
Flickr / Chris Denbow (CC-BY)

Clinton’s Contrition

Whereas former presidents typically devote their retirements to history-revising legacy preservation, Bill Clinton is laudably doing the opposite—and the nation will, hopefully, benefit.

Posted on Apr 22, 2010 READ MORE



Live Chat: Robert Scheer on Goldman Sachs

Read a full transcript of Robert Scheer discussing with readers his latest column, the crooks at Goldman Sachs and the prospects of financial reform.

Posted on Apr 22, 2010 READ MORE


Obama
AP / Alex Brandon

Obama Pitches Financial Reform to Wall Street Execs

President Obama spoke before a group of fat cats—or rather, “titans of industry,” as he called them—from Wall Street on Thursday at Cooper Union in New York City, the same site where he’d delivered his pre-bailout, pre-presidential speech on the economy two years ago, in an attempt ... (continued)

Posted on Apr 22, 2010 READ MORE



Earth Day Edition

The trouble with “tweet seats,” Andrew Sullivan explains to the president why gays are hollering at him, and why a gutless YouTube is stifling free expression—and comedy.

Posted on Apr 22, 2010 READ MORE


Bull Market

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Posted on Apr 21, 2010 READ MORE



AP / Andy Blenkush

Borrowing While Poor

Why should a poor borrower be held more responsible than a rich borrower for the default of another poor borrower?

Posted on Apr 20, 2010 READ MORE


Goldman’s Shell Game

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Posted on Apr 19, 2010 READ MORE



White House / Pete Souza, File

Obama Flies In to Give Sen. Boxer a Boost

The president didn’t mince words Monday during a Los Angeles fundraiser for Sen. Barbara Boxer’s bid for re-election, warning “she might not win this thing.” One poll has Boxer about even with the competition, which has yet to be decided by state Republicans. (continued)

Posted on Apr 19, 2010 READ MORE


The Eradication of Trust

American public opinion seems to have become an unguided Weapon of Mass Suspicion, and it’s not hard to understand why.

Posted on Apr 19, 2010 READ MORE


Joseph Stalin
Wikimedia Commons / Margaret Bourke-White

Tea Party Financiers Owe Their Fortune to Josef Stalin

The members of the Koch family, America’s biggest financial backers of the tea party, would not be the billionaires they are today were it not for the godless empire of the USSR.

Posted on Apr 18, 2010 READ MORE



Live Chat: Robert Scheer on the Financial Crisis

If you missed Robert Scheer discussing his latest column, the financial meltdown and its enablers with readers or you just want to relive the excitement, you can read a full transcript right here.

Posted on Apr 15, 2010 READ MORE



Flickr / alancleaver_2000 (CC-BY)

Why You Should Want to Pay Higher Taxes

The notion that taxes are bad for the middle class is akin to the notion that cigarette smoking is harmless, and it should be dealt with by similar means.

Posted on Apr 14, 2010 READ MORE



One Marine’s ‘Liberty Walk’ for the Rest of Us

Ernest Logan Bell, a 25-year-old Marine Corps veteran walking 90 miles to make a point, is the new face of the resistance. He is young, at home in the culture of the military, deeply suspicious of the federal government, disgusted by the liberal elite, unable to find work and angry.

Posted on Apr 11, 2010 READ MORE


‘Fault Lines’: Unemployment in the U.S.

Check out this new “Fault Lines” video in which Avi Lewis examines the lives of Americans who are jobless or underemployed—a number approaching 30 million.

Posted on Apr 9, 2010 READ MORE


George W. Bush
White House / Paul Morse

Americans Still Blame Bush for the Economy

The Harris Poll asked a couple of thousand Americans who, if they had to pick just one, was most to blame for the economic clusterfudge, and they chose George W. Bush, followed by Wall Street. Only 4 percent picked Fed Chair Ben Bernanke.

Posted on Apr 7, 2010 READ MORE



Robert Reich Edition

What Noam Chomsky has to say about globalization, why older is wiser, and proof that at least two of the three bozos who most wrecked the economy still don’t get it.

Posted on Apr 6, 2010 READ MORE



Flickr user Stefano A (CC-BY)

U.S. Slaps Toyota With Record Fine

U.S. auto regulators have decided to fine Toyota a maximum $16.375 million, having determined that the car company waited “at least four months” to recall its troubled vehicles. Toyota can contest the fine, which, although a record, amounts to a tiny fraction of the total financial impact of recalling some 8 million vehicles worldwide. (continued)

Posted on Apr 5, 2010 READ MORE


Barack Obama, Meet Sisyphus

President Obama’s health care victory marked the beginning of a new phase in the administration’s political struggles, not a final triumph.

Posted on Apr 5, 2010 READ MORE


Obama’s Base Problem

No flesh-and-blood president could live up to the imagined heights of candidate Obama, but a broader Democratic Party guarantees disappointment for all, some of the time.

Posted on Apr 4, 2010 READ MORE


Obama
AP / M. Spencer Green

Turning the Corner

An improving U.S. labor market has convinced President Obama that the domestic economy is “beginning to turn the corner,” though he cautions that a sustained employment boom will take time.

Posted on Apr 2, 2010 READ MORE


These Devils Wear Privilege

A country founded on anti-royalism and defined by anti-aristocrat political rhetoric will naturally profess disgust for, say, Ivy League presidential candidates and Duke basketball.

Posted on Apr 1, 2010 READ MORE



Polyglot Edition

Today on the list: The language everyone in the world is learning, YouTube’s original sin and whither the SEC?

Posted on Apr 1, 2010 READ MORE


Sunny Charlie Crist’s Rain Cloud

Florida Gov. Charlie Crist, now the underdog in a tough Senate primary, longs for a political world that seems to have vanished.

Posted on Mar 31, 2010 READ MORE


Greece Isn’t Europe’s Only Problem

Today’s European crisis was precipitated by Greece acting with possibly reckless honesty, and Germany behaving badly.

Posted on Mar 30, 2010 READ MORE



AP / Jae C. Hong

Is America ‘Yearning for Fascism’?

Fritz Stern wrote “In Germany there was a yearning for fascism before fascism was invented.” It is the yearning that we now see, and it is dangerous.

Posted on Mar 29, 2010 READ MORE



Flickr / World Economic Forum

Russia’s Father Time

In an effort to “breathe new life into business activity,” Russian President Dmitry Medvedev has reduced the number of time zones in his country from 11 to nine. More time zone collapsing could lie ahead, with Medvedev suggesting Russia could get by with maybe five.

Posted on Mar 28, 2010 READ MORE



Flickr user George Lu

China Is Beating the Pants Off the U.S. in Clean Energy

China invested nearly twice as much money—$34.6 billion—in clean energy projects in 2009 as the United States. The ecological impact of China’s economic boom could be a factor, but so could ... (continued)

Posted on Mar 25, 2010 READ MORE


The Looming Water Disaster That Could Destroy California

There’s a disaster waiting to happen in the Sacramento-San Joaquin Delta, and a handful of wealthy farmers seem to like it that way.

Posted on Mar 25, 2010 READ MORE


The Right-Wingers Who Cried Wolf

Going too far for Bill O’Reilly is going very far indeed, but the madness of the conservative reaction to the health care bill has yet to abate.

Posted on Mar 25, 2010 READ MORE


Health Care’s New Nullifiers

Virginia Attorney General Ken Cuccinelli seems determined to use an attack on health care reform to bring us back to the 1830s.

Posted on Mar 25, 2010 READ MORE



Noam Chomsky Edition

The water disaster that could destroy California, how much NATO pays for dead Afghan children, and answers to frequently asked questions about health care reform.

Posted on Mar 24, 2010 READ MORE



‘Health Care Reform Is Law’ Edition

Why are Scandinavians so good at murder mysteries? Was Cleopatra really hot? Plus: Stealing your water and the secret deal Obama made to kill the public option.

Posted on Mar 23, 2010 READ MORE


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