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Tag: Economy

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


An Electoral Dry Run Down Under

It’s rare to see a dry run for an election campaign. But over the next month, Australia will provide a testing ground for some of the core themes in this November’s American elections.

Posted on Jul 21, 2010 READ MORE


Wall Street flags
AP / Mark Lennihan

Obama Makes Financial Overhaul Official

It remains to be seen whether the new financial reform legislation that President Obama signed into law on Wednesday will spare us another economic cataclysm like the recession we’re still in, but for his part, the president seems jazzed about it.

Posted on Jul 21, 2010 READ MORE



AP / J. Scott Applewhite

The Grinches Who Stole Summer

Thanks to the defection of the two relatively enlightened Republican senators from Maine and the quick replacement of the late Democratic Sen. Robert Byrd, unemployment checks that had been stalled for millions of American families since early June will soon resume. But for Republicans, it has been a defining issue that will haunt the party.

Posted on Jul 21, 2010 READ MORE



Flickr / jimg944 (CC-BY)

Will China Rule the World?

Possibly the most fashionable theme in current discussions of the future is whether China will replace the United States as the leading world power.

Posted on Jul 20, 2010 READ MORE



U.S. Air Force / Master Sgt. Jeremy Lock

Deficit Doves

Getting out of the red is the new black. Deficit hawks have swooped down on the U.S. budget. This week, they attacked unemployment benefits.

Posted on Jul 20, 2010 READ MORE



Flickr / rahim (CC-BY)

China Now Consumes More Energy Than Anyone Else

The United States’ century-long reign as the world’s greediest energy nation is over. China has usurped the throne, as expected, though Beijing reportedly disputes the title. The International Energy Agency, which keeps track of these things, also points out that China’s per capita consumption is below the global average and far less than the U.S.’

Posted on Jul 20, 2010 READ MORE


Kick Ass Future

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Posted on Jul 20, 2010 READ MORE    



Goldman Sachs’ Profit Takes a Major Plunge in Q2

Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank’s profits took a precipitous dive in the second quarter of this year.

Posted on Jul 20, 2010 READ MORE



White House / Pete Souza

The Socialist Who Coddles Business?

The titans of the private sector say President Obama is anti-business. Many progressives say he coddles business. How does the administration manage to pull that off?

Posted on Jul 18, 2010 READ MORE


Obama

Obama Slams GOP for Obstructing Economic Progress

President Obama came out swinging in his weekly address on Saturday, claiming that his administration has been pushing to help small businesses grow and strengthen the economy and blaming Republican leaders for thwarting his efforts.

Posted on Jul 17, 2010 READ MORE



More Champagne for Goldman Sachs

You know you have it made when a $550 million settlement with the SEC boosts your stock by $3 billion. Goldman Sachs’ penalty for selling a fancy investment it secretly bet against was about half what was expected, amounting to just 14 days of earnings. You might say they got away with it.

Posted on Jul 15, 2010 READ MORE


Needing a Playbook, Not a Funk

The Democrats have shifted from sour lassitude into something resembling a sour frenzy, but that’s an improvement. They may still have time to stave off electoral disaster.

Posted on Jul 15, 2010 READ MORE


A Change Election—in the Wrong Direction

The furious and frustrated electorate should be careful when they demand change in the upcoming midterm elections—because what they get may well be very different from what they actually want.

Posted on Jul 14, 2010 READ MORE



AP / Carolyn Kaster

There’s Just No Pleasing Some Robber Barons

The flight from reason that now marks American public discourse came home for me last Friday when I found myself on public radio debating whether Barack Obama is anti-business.

Posted on Jul 13, 2010 READ MORE


Reality and Reform for How the EU Keeps Its Peace

The European Union deliberately has chosen not to challenge the United States as a military or political superpower. This is convenient for most and saves Europe a great deal of money. It is prudent, since no one knows what the U.S. would do if the Europeans undertook a role that challenged American primacy.

Posted on Jul 13, 2010 READ MORE


Japanese flag
Wikimedia Commons

Vote Ties Japanese Parliament in a Knot

Looks like the Japanese government is headed for a frustrating, and potentially ineffectual, phase after Sunday’s election left the nation’s parliament in a “twisted” condition. That’s an actual term, not a value judgment.

Posted on Jul 13, 2010 READ MORE



Photo illustration

New England Republicans Assure Financial Reform Passage

Scott Brown of Massachusetts has decided to support the anemic financial reform bill because, as The Washington Post reports, “he got nearly everything he wanted.” The bill is now expected to pass with the support of at least two other Republicans, including Maine’s Olympia Snowe.

Posted on Jul 13, 2010 READ MORE


Jensen and Hedges

Chris Hedges and Derrick Jensen on Totalitarianism and Resistance

What is it going to take for concerned and engaged citizens to finally feel as though some crucial threshold has been crossed—that our nation’s political system and the global corporate culture it both serves and feeds into will never represent them or serve their needs?

Posted on Jul 12, 2010 READ MORE


Getting It Right

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Posted on Jul 12, 2010 READ MORE    



White House / Pete Souza

Obama’s Health Care Bill Is Enough to Make You Sick

A close reading of the new health care legislation, which will conveniently take effect in 2014 after the next presidential election, is deeply depressing.

Posted on Jul 11, 2010 READ MORE



Flickr / Sister72 (CC-BY)

Paul Krugman Is Freaking Us Out

He’s a one-man downer, but mainly because he’s smart, credible and pulls no punches. In his latest New York Times column, the Nobel Prize winner warns that the Federal Reserve isn’t taking a negative enough view of the economy—with potentially dire consequences. Happy Monday to you, too, Paul.

Posted on Jul 11, 2010 READ MORE


Are Low Taxes Exacerbating the Recession?

Though the Reagan zeitgeist created the illusion that taxes stunt economic growth, the numbers prove that higher marginal tax rates generate more resources for the job-creating, public investments that sustain an economy and create incentives for businesses to grow.

Posted on Jul 8, 2010 READ MORE


wallet
Flickr / Thirteen of Clubs

Oh, How the Wages Have Fallen

Most Americans have caught on by now that the economic implosion that rocked the national and global economy over the past two years hasn’t meant good things for their personal finances.  (continued)

Posted on Jul 8, 2010 READ MORE


Obama
AP / Orlin Wagner

Obama Brings Magical Economic Thinking to Nation’s Heartland

President Barack Obama didn’t exactly have the numbers on his side Thursday when he told voters in Kansas City, Mo., that, economically speaking, “we’re headed in the right direction.”

Posted on Jul 8, 2010 READ MORE


Show Us the Money

We could easily slip into another Great Depression if our leaders continue to heed the chattering class on the deficit. But cutting spending is not just bad economics; it’s bad politics, too.

Posted on Jul 7, 2010 READ MORE


Obama
AP / Pablo Martinez Monsivais

Two More Candidates for the McChrystal Treatment

It’s not working. Time for the president to concede that the economy is at best stagnating and at worst about to take another steep nose dive.

Posted on Jul 6, 2010 READ MORE


Pitfalls of Soaking the Rich

Rich Trumka—the AFL-CIO president intercepts any attempted honorific with an easy “Call me Rich”—comes armed with charts. His first one is, literally, in shades of gray. Its message is anything but.

Posted on Jul 6, 2010 READ MORE



Flickr / walknboston (CC-BY)

Wall Street Donors Withhold Money, Affection From Democrats

Maybe the Democrats are doing something right after all. According to the number crunchers at The Washington Post, donations from the New York area to the party’s congressional campaign committees are down 65 percent, with the drop largely attributed to Wall Street’s dissatisfaction with financial reform. (continued)

Posted on Jul 6, 2010 READ MORE



Crisis of Capitalism

Today’s list features an amazing animation on the crisis of capitalism, a dispatch from a Gulf Coast media felon and a debate on the ownership of breasts.

Posted on Jul 6, 2010 READ MORE



Flickr / twicepix (CC-BY-SA)

Fiddling While the Economy Burns

Let me put it in terms that Washington understands: The party that begins to treat the unemployment crisis with the hair-on-fire urgency that it deserves is the party that will do well in November.

Posted on Jul 5, 2010 READ MORE


After the Recession, Belt-Tightening

This is no time for retrenchment, but the deficit projections coming out of the Congressional Budget Office are alarming and will only get worse if we dawdle.

Posted on Jul 4, 2010 READ MORE



AP / Mark Lennihan

June Gloom in the Job Picture

June’s private-sector employment growth was less than stellar, with a “dishearteningly low number” of jobs being added to domestic payrolls in a signal that the economic recovery is encountering some serious headwinds.

Posted on Jul 2, 2010 READ MORE


Republican Worldview: It’s All Good

Judging by their response to millions of uninsured Americans, the drilling disaster in the Gulf and the economic crisis, Republicans should run on the slogan “It’s all good. Except for that Obama guy. And Nancy Pelosi.”

Posted on Jul 1, 2010 READ MORE


David Viniar
AP / Evan Vucci

‘Very Skeptical’ Brooksley Born Takes on Goldman Brass

If there’s one person we’d want to see grill Goldman Sachs bigwigs about certain fishy pre-financial-meltdown practices in which they apparently engaged, such as their failure to give useful details about ... (continued)

Posted on Jul 1, 2010 READ MORE



World Economic Forum / Remy Steinegger

The Passionless Party

You know the Democrats have a problem when party insiders think John Kerry is too intense.

Posted on Jun 30, 2010 READ MORE


Rehm
AP / Virginia Mayo

EU Moves to Cap Bank Bonuses

Looks like banking executives in EU member nations will have to settle for slightly less ginormous bonuses in the coming year, once the European Parliament puts its official stamp on an agreement to limit banking bonuses and severance packages.

Posted on Jun 30, 2010 READ MORE


Daily Show

‘Daily Show’: ‘Fox & Friends’ Says Don’t Blame Bush

According to the highly nonpartisan lineup of talking heads on “Fox & Friends,” the statute of limitations has officially passed for blaming the Bush administration for any stuff that’s hit the fan since W. left office.

Posted on Jun 30, 2010 READ MORE



senate.gov

Why Russ Feingold Won’t Vote for ‘Fig Leaf’ Financial Reform

“False security is no security at all,” writes the Wisconsin senator, who says he will not vote for the financial reform bill because it would not prevent another meltdown and “has Wall Street’s fingerprints all over it.” According to Feingold, “the administration and conference leaders have gone to significant lengths to avoid making the bill stronger.”

Posted on Jun 30, 2010 READ MORE



Photo illustration from White House photo by Pete Souza

Regulators Made Sure Goldman Sachs Got All of Its Bailout Money

A devastating report in The New York Times documents how Timothy Geithner’s New York Fed worked tirelessly to make sure that AIG was forced to pay banks such as Goldman Sachs 100 percent on dubious contracts that might otherwise have been slashed or subjected to lawsuits. (continued)

Posted on Jun 29, 2010 READ MORE



Jose Ibanez / "South of the Border"

Oliver Stone Responds to New York Times Attack

“Larry Rohter attacks our film, ‘South of the Border,’ for ‘mistakes, misstatements and missing details.’ But a close examination of the details reveals that the mistakes, misstatements, and missing details are his own.”

Posted on Jun 28, 2010 READ MORE


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