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Tag: Economy


White House

Obama: ‘Operation Iraqi Freedom Is Over’ (Full Video and Text)

The president began his address to the nation on the end of combat operations in Iraq by acknowledging that “this historic moment comes at a time of great uncertainty for many Americans.”

Posted on Aug 31, 2010 READ MORE



Chuck Kennedy / White House

Obama, GOP Trade Punches Over Business Bill

So, President Obama was miffed on Monday at the GOP side of the Senate for thwarting his move to push a bill through Congress designed to help small businesses, but those senators weren’t having it and fired back at Obama and his party with a pointed statement.

Posted on Aug 30, 2010 READ MORE



Wikimedia Commons/April Sikorski

This Side of Democracy

As it is an election year amidst the Great Recession, talk of the American plutocracy is very much in vogue. But to label the situation as unique belies centuries of history.

Posted on Aug 30, 2010 READ MORE



White House / Pete Souza

Obama and the Virtues of ‘Politicking’

President Obama’s address to the nation on Iraq this week underscores the agony of his presidency, and its core political problem. In a democracy, separating governing from “politicking” is impossible.

Posted on Aug 29, 2010 READ MORE



AP / Reed Saxon

Bernanke Makes Mildly Encouraging Noises About Economy

Is the recession over? Will there be another? Much like the famous groundhog from Punxsutawney, Federal Reserve chief Ben Bernanke showed up to offer an eagerly awaited sign—in this case to economists gathered Friday at Jackson Hole, Wyo., and to the world at large ... (continued)

Posted on Aug 27, 2010 READ MORE


Beck’s 15 Minutes of Fame

No puffed-up huckster like Glenn Beck could ever diminish the importance of the 1963 March on Washington or the impact of King’s unforgettable words. 

Posted on Aug 27, 2010 READ MORE


Rotten Eggs and Our Broken Democracy

The massive recall of salmonella-infected eggs, the largest egg recall in U.S. history, opens a window on the power of large corporations over not only our health, but over our government.

Posted on Aug 25, 2010 READ MORE


Housing Sales

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Posted on Aug 25, 2010 READ MORE



White House / Pete Souza

They Go or Obama Goes

Barack Obama and the Democrats he led to a stunning victory two years ago are going down hard in the face of an economic crisis that he did nothing to create but which he has failed to solve.

Posted on Aug 24, 2010 READ MORE


Boehner’s Bumper-Sticker Politics

The man who would be speaker outlined his agenda Tuesday in a speech to the City Club of Cleveland: economic policy reduced to, literally, five easy tweets.

Posted on Aug 24, 2010 READ MORE



Reuters

Home Sales Hit the Skids

More evidence that the economy is still very shaky came Tuesday in the form of news about a startling dip in sales of existing single-family homes during July, which marked the lowest point in that market in 15 years.

Posted on Aug 24, 2010 READ MORE



White House / Pete Souza

What the House’s Top Republican and Progressive Bloggers Have in Common

House Minority Leader John Boehner is pinning the lackluster economy on a couple of easy targets: “President Obama should ask for—and accept—the resignations of the remaining members of his economic team, starting with Secretary Geithner and Larry Summers, the head of the National Economic Council.”

Posted on Aug 24, 2010 READ MORE



Obama’s Absurd Gay Marriage Position

Why President Obama’s gay marriage position has gotten completely absurd, why the DEA is after ebonics linguists and why Jane Austen just couldn’t hack it in today’s publishing world.

Posted on Aug 23, 2010 READ MORE


ENTER_ALT_TEXT
AP / Reed Saxon

Fox and Friends Trying to Bully and Buy Their Way Back to Power

Fox News and its boss, Roger Ailes, along with Karl Rove and unlimited corporate campaign contributions, pose an enormous threat to President Barack Obama and Democratic candidates this fall.

Posted on Aug 23, 2010 READ MORE



Flickr / Aapo Haapanen (CC-BY-SA)

China’s Great Wall of Traffic Back to Normal After 9 Days

Here in Los Angeles, we know gridlock and frankly we’re not impressed by what most people call “traffic,” but the Chinese are taking things to an extreme. China says a nine-day, 60-mile-long traffic jam is finally breaking up.

Posted on Aug 23, 2010 READ MORE


Onion report

Prison Economy Spirals as Cigarette Prices Spike

A small note of warning to our readers about the content of this video: It is definitely, as they say, NSFW. It’s a bit rude. But it’s also, like many things that come from the Onion News Network, good for a laugh. Happy Monday!

Posted on Aug 23, 2010 READ MORE



Flickr / slobug (CC-BY-SA)

Ron Paul Condemns ‘Hate and Islamaphobia’

The former presidential candidate says opposition to building a mosque near Ground Zero “is all about hate and Islamaphobia” and that the “justification to ban the mosque is no more rational than banning a soccer field in the same place because all the suicide bombers loved to play soccer.” (Full statement after the jump).

Posted on Aug 23, 2010 READ MORE


Forget the ‘Party of No,’ Dems Need to Run Against Extremism

In an election, a solid “no” usually beats an uneasy “yes, but.” That’s the heart of the problem Democrats and President Obama face this fall.

Posted on Aug 22, 2010 READ MORE



Norman Podhoretz in Black and White

Norman Birnbaum, the noted sociologist and thinker, analyzes two worthy new books, by Thomas L. Jeffers and Benjamin Balint, on the longtime editor of Commentary and the magazine he shaped.

Posted on Aug 20, 2010 READ MORE



Flickr / anitasarkeesian

American Apparel Unraveling

American Apparel, the paradoxical clothing firm that weaves together good labor practices with ridiculous acts of misogyny, is hanging by the proverbial economic thread as its stock plunges to an all-time low and industry experts begin to seriously doubt the company’s future.

Posted on Aug 19, 2010 READ MORE



Flickr / edEx

The Job Market Continues to Struggle

In news that reflects the weakening pulse of the economy, the Labor Department reported that initial claims for jobless benefits rose last week to a seasonally adjusted level of half a million, the highest since last November.

Posted on Aug 19, 2010 READ MORE



AP / Mark Lennihan

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

Why have economists been so wrong so often? Certainly theirs is a tough job, since the global economy is a complex creature. Yet it turns out that their measuring sticks are woefully inadequate. Indeed, they aren’t even sure what to measure.

Posted on Aug 19, 2010 READ MORE



Flickr / Brian Cantoni (CC-BY)

Ungrateful ‘Government Motors’ Ready to Go Public Again

GM’s outgoing CEO likes to complain about the government’s 61 percent stake in the reborn company, but thanks to all that Washington meddling, GM has gone from losing $88 billion over four years to making a couple of billion in six months.

Posted on Aug 18, 2010 READ MORE


Obama in Clintonville
AP / Ty Wright

Obama: ‘The Economy Is Getting Stronger’

President Barack Obama mustered up some fine rhetoric Wednesday to give the good people of Greater Columbus, Ohio, a sense of security in these, our shaky times. And he did so in, literally, a local family’s backyard.

Posted on Aug 18, 2010 READ MORE


The Guns of August: Lowering the Flag on the American Century

None of America’s problems are likely to be tackled in a serious or successful way as long as we continue to spend our wealth on armies, weapons, wars, global garrisons, and bribes for petty dictators.

Posted on Aug 17, 2010 READ MORE


Empire’s New Clothes

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Posted on Aug 17, 2010 READ MORE    


Zardari President
AP / Anjum Naveed

Pakistan’s Floods Could Take Its President Down

The sheer suffering and human cost of Pakistan’s devastating floods are mounting daily, and frustration with the nation’s president, Asif Ali Zardari, is on the rise as well—and Zardari’s standing with the public was shaky enough before disaster struck.

Posted on Aug 17, 2010 READ MORE



North American Aerospace Defense Command

On the Government’s Growing Obsession With Hollywood-Style Command Centers

Blooming in every corner of the country are high-tech command facilities for fighting terrorism, battling crime linked to national security, coordinating disaster responses, enhancing infrastructure protection and more. The desire for them is insatiable, and Congress seems ever the enabler.

Posted on Aug 16, 2010 READ MORE


Left, Right & Center

‘Left, Right & Center’: How Low Can We Go?

A recent Wall Street Journal poll registered America’s sour mood about politics, policy, the war in Afghanistan and the economy, and massive disappointment in both the major parties. So what’s the good news?

Posted on Aug 13, 2010 READ MORE


beer and pretzel
flickr/~Prescott

At Least the German Economy’s Growing

The U.S. economy is still an unholy mess, but someone is doing something right over in Germany, which reported record growth over the three-month period from April through June—the biggest such spike since the once-split nation reunified.

Posted on Aug 13, 2010 READ MORE


Is Congress Subsidizing Slackers?

Congress has acted, after a cruel delay, to renew the extension of unemployment benefits for as long as 99 weeks. This raises the question: Do the beefed-up benefits encourage people not to work?

Posted on Aug 12, 2010 READ MORE


donkey crossing
Flickr / Grievous

Poll Hints at Darker Days for Dems

The tide of public good will toward the Democratic end of the American political spectrum, which helped propel Obama into the White House, may be going out, according to a new WSJ/NBC poll, but the GOP ... (continued)

Posted on Aug 12, 2010 READ MORE



What Would Robert Reich Do?

Today on the list: What Robert Reich wants to do about jobs, why liberals don’t win and how Oxytocin increases trust (guess that explains modern politics, Whole Foods and Rush Limbaugh).

Posted on Aug 11, 2010 READ MORE


Memorons

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Posted on Aug 11, 2010 READ MORE


Brand New Sharpie

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Posted on Aug 11, 2010 READ MORE    


Rubin
AP / J. Scott Applewhite

The Rubin Con Goes On

The corruptions of journalism were on full display when CNN’s Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused.

Did you miss the live Q & A session? Listen to the podcast here.

Posted on Aug 10, 2010 READ MORE



Illustration based on an image by Bearas (CC-BY-SA)

Germany’s Good Fortune Tips the Scales Against Its Neighbors

The excellent second quarter export and growth results reported by Germany have set that country at an increasing, and increasingly dangerous, distance from the other members of the European Union.

Posted on Aug 10, 2010 READ MORE


washington
Flickr / jmlawlor

Fed Shifts to Bond-Buying Mode to Boost Economy

The Federal Reserve is taking action to try to give the flagging U.S. economy a much-needed jolt by committing to buy up some of the government’s debt in the form of long-term Treasury securities.

Posted on Aug 10, 2010 READ MORE


How to Lose Big Brother’s Interest

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Posted on Aug 8, 2010 READ MORE



White House / Samantha Appleton

Give the First Lady a Break

As a political matter, the mother-daughter getaway to a five-star resort on the Spanish Costa del Sol was not a good idea. But I’d just as soon not have my First Family vacations determined by focus groups.

Posted on Aug 8, 2010 READ MORE


Clinton
AP / Mary Altaffer

Married to the Clinton Mob

Out of respect for privacy, even concerning famous people, I wasn’t going to write about the marriage of Chelsea Clinton to a Goldman Sachs alum and budding hedge-fund hustler with the resources to buy a $4 million loft so soon after graduating from Stanford.

Posted on Aug 3, 2010 READ MORE


House of Entitlement

After reading the ethics reports on Reps. Charlie Rangel and Maxine Waters, the obvious question is: What is wrong with these people? The tempting answer: They’re members of Congress.

Posted on Aug 3, 2010 READ MORE


Testing a Theory [A Cartoon From China]

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Posted on Aug 2, 2010 READ MORE


Deficit Dope

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Posted on Aug 1, 2010 READ MORE


How Big Government Saved the Malibu

Who could have imagined that the bailout of the auto industry, one of the single most unpopular moves by the Obama administration, would become one of its best talking points?

Posted on Aug 1, 2010 READ MORE


Quack Medicine on Taxes

The modern Republican argument about taxes seems to boil down to two principles, both misguided: Taxes can be reduced, but they can never be allowed to go up. And whatever level taxes are at, they are too high.

Posted on Jul 27, 2010 READ MORE



Financial Reform Bill Rewards Whistle-Blowers

Today on the list: Why asking the troops about don’t ask, don’t tell is a bad idea, the “God hates fags” preacher’s son works against homophobia, and the whistle-blower provision that makes the financial reform bill just a little bit sweeter.

Posted on Jul 27, 2010 READ MORE



ABC

God Save Obama From Elisabeth Hasselbeck

President Obama is scheduled to guest on “The View,” Thursday, marking the first time a sitting president has lowered himself to daytime talk. Hopefully he doesn’t get confused and try to fire Sherri Shepherd, who is not Shirley Sherrod.

Posted on Jul 26, 2010 READ MORE



Troy Jollimore on Markets and Morality

Debra Satz’s new book, “Why Some Things Should Not Be for Sale,” raises timely and morally difficult questions about capitalism and free choice and collective and individual rights.

Posted on Jul 22, 2010 READ MORE


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