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Tag: Economy

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


Shanghai Scape
Flickr.com / PMorgan

China About to Bump Japan as the No. 2 Economy

Even in the face of the global economic crisis, China’s economy still managed to grow by a surprising 8.7 percent last year, according to the bean-counters in Beijing, putting the country on track to overtake Japan as the world’s second-biggest economy.

Posted on Jan 21, 2010 READ MORE


Limbaugh Wonders Why Jews, AKA ‘Money People,’ Aren’t Fed Up With Obama

“To some people, banker is codeword for Jewish,” explains Rush, who wants to know whether these “money people” have any “buyer’s remorse” about President Obama. After all, he says, taxes are “anathema to Jewish people.”

Posted on Jan 20, 2010 READ MORE



ProPublica

Half of States Have Run Out of Unemployment Funds

ProPublica reports that after paying out unemployment benefits to a record 20 million people, 25 states ran out of funds and now must borrow, tax and slash to keep the checks in the mail. Find out how your state is doing with this handy tool.

Posted on Jan 20, 2010 READ MORE


Three Nagging Questions About Barack Obama

Since the start of his presidency, I’ve been wrestling with three questions about Barack Obama: Did he take on too much? Is he too hands-off in his dealings with Congress? And the biggest, which puzzled me throughout the campaign as well—where is he, exactly, on the political spectrum?

Posted on Jan 20, 2010 READ MORE


Coakley
AP / Steven Senne

What Massachusetts Got Right

The president got creamed in Massachusetts. No amount of blaming this disastrous outcome on the weaknesses of the local Democratic candidate or her Republican opponent’s strengths can gainsay that fact.

Posted on Jan 20, 2010 READ MORE


Banks’ Lame Apology Isn’t Enough

WheresOurMoney.org’s Harvey Rosenfield on the Financial Crisis Inquiry Commission hearings chaired by Phil Angelides: “If symbolism is what this is all about, I say we’ve moved beyond the ‘apology’ stage. How about sending some of these people to jail for twenty years?”

Posted on Jan 19, 2010 READ MORE


David Walker and Jon Stewart

‘Daily Show’: It’s the Career Politicians, Stupid

Why is the U.S. in the dire financial straits it’s in? Well, “Comeback America” author David Walker, who was formerly the country’s comptroller general and head of the Government Accountability Office, has a few ideas about what led to our “dysfunctional democracy” and he lays it all out in this clip from “The Daily Show.”

Posted on Jan 19, 2010 READ MORE


Barack Obama
White House / Pete Souza

Hard Lessons of a Rookie Year

There are important lessons from the past year that Barack Obama and his team had better learn if he is to achieve his goal of being a “transformational” president.

Posted on Jan 19, 2010 READ MORE


The Bay State Lesson

Democrats should be worried about the trouble in Tuesday’s Massachusetts Senate race that forced President Obama to Boston on Sunday for a last-minute campaign rescue mission.

Posted on Jan 19, 2010 READ MORE


MLK and Malcolm X
AP / Henry Griffin

Turning King’s Dream Into a Nightmare

Martin Luther King Day has become a yearly ritual to turn a black radical into a red-white-and-blue icon. It has become a day to celebrate ourselves for “overcoming” racism and “fulfilling” King’s dream. It is a day filled with old sound bites about little black children and little white children that, given the state of America, would enrage King.

Posted on Jan 17, 2010 READ MORE


Bull Mechanics

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Posted on Jan 14, 2010 READ MORE    


Sweat Time for Hill Democrats

It’s not time for presidential panic, but lawmakers up for re-election could be in a different boat if Obama’s ratings stay in this slump.

Posted on Jan 14, 2010 READ MORE



White House / Pete Souza

The End of Wall Street Liberalism

If you held a contest to pick the worst thing a politician could be called at this moment, my nominee would be Wall Street Liberal—which is why President Obama’s new fees on the biggest banks comes just in time.

Posted on Jan 13, 2010 READ MORE


banking protest
AP / Mark Lennihan

Reich Urges Obama to ‘Take On Wall Street’

He’s not the only one saying this, but considering his background, Robert Reich is a pretty significant voice pointing out how, over a year since things went seriously south on Wall Street, “almost nothing has been done to prevent all hell from breaking loose again.”

Posted on Jan 13, 2010 READ MORE


Early Review of the Angelides Commission: All Puff, No Punch

Martin Berg from Where’s Our Money writes: “The bankers, beleaguered as they may like to appear, have little to fear if the questioning continues as it began. So far, this is no Pecora Commission, the Depression-era investigation into the cause of the financial crash that led to landmark reforms. ...”

Posted on Jan 13, 2010 READ MORE


U.S.-China trade toast
AP / Eugene Hoshiko

Don’t Blame China

The Chinamen did it. In the great American tradition of finding foreign scapegoats for our problems, the hunt is on to somehow hold China responsible for the misery that Wall Street financiers inflicted upon the world.

Posted on Jan 12, 2010 READ MORE


First Infidels

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Posted on Jan 11, 2010 READ MORE    


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