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Out of Mao’s Shadow

Out of Mao’s Shadow

By Philip P. Pan
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Tag: Economy

School’s Out

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Posted on Mar 8, 2010 READ MORE


Bunning
AP / Susan Walsh

Krugman: ‘Bipartisanship Is Now a Foolish Dream’

Someone might want to call President Barack Obama’s attention to the main message of Paul Krugman’s latest Op-Ed column in The New York Times: This whole bipartisanship idea isn’t going to catch on in Congress. Krugman takes the recent example of the bill-blockading gymnastics of Sen. Jim Bunning (pictured above), along with ... (continued)

Posted on Mar 5, 2010 READ MORE



Bureau of Labor Statistics

Unemployment Hovers at 9.7%

Analysts are looking at February as a not-so-bad month for unemployment, with the U.S. economy losing fewer jobs than expected for the month, while the unemployment rate remained stubbornly high at 9.7 percent.

Posted on Mar 5, 2010 READ MORE


Colbert

‘Colbert Report’: Greece, Frightening

Sure, Goldman Sachs CEO Lloyd Blankfein once crowed that his firm was “doing God’s work,” but, as Stephen Colbert points out here, Blankfein never actually specified which God he was talking about. Perhaps it was Hades, Greek god of the underworld. Given the state of the Greek economy, that may not be too much of a stretch.

Posted on Mar 4, 2010 READ MORE


Saturday Delivery

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Posted on Mar 4, 2010 READ MORE


Competition in Ignominy

There is a lot of money to be made by big international banks in impoverished small, and even medium-size, countries in times of world crisis.

Posted on Mar 2, 2010 READ MORE


Domestic Violence: A Pre-Existing Condition?

March is Women’s History Month, recognizing women’s central role in society. Unfortunately, violence against women is epidemic in the United States and around the world.

Posted on Mar 2, 2010 READ MORE



Marvel.com

Spider-Man Loses His Job

Not even superheroes are safe in this economy. Peter Parker, aka Spider-Man, is going to get fired in the next issue of the comic book. Marvel says the unemployed webslinger will have to figure out how to pay his rent and buy web fluid without his photography gig.

Posted on Mar 2, 2010 READ MORE



Wikimedia Commons / Phil Konstantin

Why Jerry Brown Wants to Be California’s Next Governor

We’ve known for years that Jerry Brown would run to succeed Arnold Schwarzenegger in 2010, but the former two-term governor waited until Tuesday to make it official. In his announcement video, Brown promised not to raise taxes without ... (continued)

Posted on Mar 2, 2010 READ MORE


Leftover

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Posted on Mar 2, 2010 READ MORE    



White House / Lawrence Jackson

The System Works, Obama’s Approach Doesn’t

Divided government need not mean gridlock. Eisenhower, Nixon and Reagan made it work. Obama can, too.

Posted on Mar 2, 2010 READ MORE



AP / Chris Carlson

Ralph Nader Was Right About Barack Obama

The illegal wars and occupations, the largest transference of wealth upward in American history and the egregious assault on civil liberties, all begun under George W. Bush, raise only a flicker of tepid protest from liberals when propagated by the Democrats.

Posted on Mar 1, 2010 READ MORE


‘Rescuing’ Iceland

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Posted on Feb 26, 2010 READ MORE


Good Night, Financial Independence

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Posted on Feb 26, 2010 READ MORE


Health Care: Pass It or Perish

Now that Obama has finally put a health care proposal on the table, the Democratic leaders in Congress have only one rational course of action: pass the thing, and quickly, or risk their party becoming the loyal minority.

Posted on Feb 22, 2010 READ MORE



AP / Elise Amendola

Boycott FedEx

Now that unions have been broken, rapacious corporations like FedEx and toadies in Congress and the White House are turning workers into serfs.

Posted on Feb 22, 2010 READ MORE


Colin Powell

Colin Powell Stands by His Man

The former Joint Chiefs chairman and secretary of state says he has no regrets about endorsing Barack Obama and defends the president from his frenemy Dick Cheney.

Posted on Feb 22, 2010 READ MORE


Bernanke
Wikimedia Commons / United States Federal Reserve

Fed to Raise Interest Rate

The Federal Reserve announced Thursday it would increase the interest rate for temporary bank loans. The New York Times reports that many on Wall Street see this as signaling an end to big bank profits. But some economists say the move was purely technical, with no real effect on how much money is made.

Posted on Feb 19, 2010 READ MORE



White House / Pete Souza

Race to the Top of What? Education Is About More Than Jobs

We need to reclaim a broader vision, for we have terribly narrowed our thinking about school.

Posted on Feb 18, 2010 READ MORE



AP / Bebeto Matthews

‘Say on Pay’ Won’t Prevent Bonus Gluttony

Like many of us, President Barack Obama is outraged by how out of control executive compensation is, but his plan to fix the problem simply won’t work.

Posted on Feb 18, 2010 READ MORE


Why the Democrats Are Losing

If you want to be honest, face these facts: At this moment, President Obama is losing, Democrats are losing and liberals are losing.

Posted on Feb 17, 2010 READ MORE



White House / Chuck Kennedy

Stimulus: One Year Later

Some say it was too modest, others feel it was about $800 billion overboard. In any event, the American Recovery and Reinvestment Act is a year old, and, according to ProPublica, still has a few hundred billion dollars’ worth of stimulation left in the tank.

Posted on Feb 17, 2010 READ MORE



AP / Petros Giannakouris

It’s Greek to Goldman Sachs

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world.

Posted on Feb 17, 2010 READ MORE


Obama’s Nuclear Option

President Obama’s publicly financed resuscitation of the nuclear power industry in the U.S. is bound to fail, another taxpayer bailout waiting to happen.

Posted on Feb 16, 2010 READ MORE


Greece’s Dysfunctional Economy [A Cartoon From Slovakia]

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Posted on Feb 16, 2010 READ MORE


Europe Needs to Believe in Its Own Adequacy

What is this problem about Europe’s standing in the world today that obsesses the Europeans and generates constant self-examination, endless academic seminars and political conferences, all permeated with inarticulate anxiety?

Posted on Feb 16, 2010 READ MORE



AP / Laura Rauch

Profiting From Immigration Injustice

Business is booming in Arizona, thanks to a disturbing federal immigration program that transfers millions of taxpayer dollars to a private prison company, parasitic attorneys and other opportunists.

Posted on Feb 14, 2010 READ MORE


unemployment olympics
Flickr / clementine gallot

White House Cranks Up the Job Talk

The Obama administration is homing in on the employment issue, a prime concern for millions of Americans and one that could have a considerable impact on this year’s midterm elections. Not like that’s what the White House is worried about or anything.

Posted on Feb 11, 2010 READ MORE



White House / Pete Souza

Wall Street Wants a Refund

“Buyer’s remorse” is the way Sen. John Cornyn, the Senate Republicans’ fundraiser, gleefully refers to Wall Street moguls’ current disenchantment with the U.S. president they thought they had bought.

Posted on Feb 10, 2010 READ MORE


Haiti, Forgive Us

The tragedy of the Haitian earthquake continues to unfold, with slow delivery of aid, the horrific number of amputations performed out of desperate medical necessity, more than a million homeless, perhaps 240,000 dead and the approach of the rainy season, which will be followed by the hurricane season.

Posted on Feb 9, 2010 READ MORE


Left, Right & Center

‘Left, Right & Center’: Global Markets Reeling; China Flexes Muscle; Apologies

With national and global finance still wobbling and the fundamentals of the economy still gone awry, the fellows on “Left, Right & Center” discuss economic policy, China and the politics of apology.

Posted on Feb 5, 2010 READ MORE


Good News for Bad Cars

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Posted on Feb 4, 2010 READ MORE


How to Fix Health Care After Massachusetts

We can still have health care reform in America. We need to take a short-term and a longer-term view.

Posted on Feb 4, 2010 READ MORE



Flickr / edEx

First-Time Jobless Claims Jump Again

Another indicator that Congress needs to get to work on the country’s pressing unemployment problem came in the form of a Labor Department report showing a spike in the number of first-time filers for unemployment benefits last week, according to The Associated Press.

Posted on Feb 4, 2010 READ MORE



White House / Pete Souza

The Hidden Issue of 2010

I asked Vice President Joe Biden if we will hear more on the America-as-No.-1 theme. What followed was a torrent, in red, white and blue.

Posted on Feb 3, 2010 READ MORE


The Shadow Knows

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Posted on Feb 3, 2010 READ MORE    



Booze Pirates Fleece Puerto Rico With the Help of Congress

A transfer of billions of dollars in federal aid from public projects in Puerto Rico to one of the world’s largest liquor conglomerates over the next 30 years continues to move forward without any objection from Congress.

Posted on Feb 3, 2010 READ MORE


Spitzer and Colbert

‘Colbert Report’: Eliot Spitzer Has Nothing to Lose

Eliot Spitzer is attempting to work his way back into the public’s good graces, and the former New York governor braved “The Colbert Report” on Tuesday night, only to be roundly “condemned” by Stephen Colbert. However, Spitzer has a certain likability, Colbert admitted, which might have something to do with having nothing to hide anymore. (continued)

Posted on Feb 3, 2010 READ MORE


Baby Sitter Blues

With 70 percent of children living in households where all adults are working, we need to reexamine the disparity that makes child care a luxury working families can’t afford.

Posted on Feb 3, 2010 READ MORE



White House / Pete Souza

Who Will Be the New Global King of the Hill?

China and India stopped being part of what was called the “third world” when the “second world,” the communist world, disappeared in a shattering of global illusions in 1989.

Posted on Feb 2, 2010 READ MORE


Scott Brown
AP / Charles Krupa

Another Lone Wolf Joins the Pack

When I heard Scott Brown, the newly elected senator from Massachusetts, describe himself as a “Scott Brown Republican,” I groaned. It sounded as if he’s coming to Washington to be part of the problem, not part of the solution.

Posted on Feb 1, 2010 READ MORE


Our Addiction to Disaster Porn

Thousands of miles from the San Fernando Valley’s seedy studios, the adult entertainment business is alive and panting in Haiti. Like any X-rated content, this smut is all flesh and no substantive plot.

Posted on Jan 28, 2010 READ MORE


The Man Who Fell to Earth

Chastened is not an adjective normally associated with Barack Obama, but that was the underlying theme of his State of the Union address.

Posted on Jan 28, 2010 READ MORE


State of the Union Math Test

There was an unexpected poignancy to the moment Wednesday evening, as President Obama sought to pass a political math test by solving several simultaneous equations.

Posted on Jan 28, 2010 READ MORE



White House / Pete Souza

Obama’s First State of the Union—Full Remarks

It was his third address to a joint session of Congress in less than a year, and it had all the usual gestures toward bipartisanship, but Barack Obama’s big speech was not without sizzle. The president shamed Republicans for obstructing, Democrats for giving up and the Supreme Court for auctioning off our democracy.

Posted on Jan 27, 2010 READ MORE



Flickr / diongillard

Toyota Moving Forward With Recall, Sales Freeze, Factory Timeout

The world’s biggest automaker is in even bigger trouble. Following an earlier recall of 4.2 million vehicles and a second recall of 2.3 million, Toyota is suspending sales of eight models and halting production at five plants in North America. (continued)

Posted on Jan 26, 2010 READ MORE



White House / Pete Souza

Fighting Words, Winning Actions

It’s not enough to use variations of the word “fight” more than 20 times in the course of relatively brief remarks, as the president did Friday in Ohio. At some point, he needs to—metaphorically, of course—actually slug somebody.

Posted on Jan 25, 2010 READ MORE



Flickr / Mat Packer

South Carolina Lt. Gov. Apologizes for Comparing the Poor to ‘Stray Animals’

South Carolina’s Lt. Gov. Andre Bauer has apologized for comparing poor people to “stray animals” that are encouraged by gifts of food to breed uncontrollably. Bauer, who is running in the state’s gubernatorial election, told CNN while apologizing that he is “not against animals.”

Posted on Jan 25, 2010 READ MORE


Cornel West Calls Out Barack Obama

In this video message to the president, the celebrated professor asks, “How deep is your love for poor and working people?” and urges, “Don’t simply be the friendly face of the American empire.”

Posted on Jan 24, 2010 READ MORE


The Urgency of a Teddy Roosevelt Moment

The only proper response to the distortion of our political system by ideologically driven justices is a popular revolt of a sort deeply rooted in the American political tradition.

Posted on Jan 24, 2010 READ MORE


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