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Engaging the Muslim World

Engaging the Muslim World

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Tag: Economy

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    



Flickr / jphilipg

White House Juices the Job Count

The White House will now count all jobs funded by stimulus money, not just those that were created or saved. The job market is still hemorrhaging and the administration might be looking to do a little inflation. Or it might honestly be trying to simplify a confusing and highly criticized formula for counting jobs.

Posted on Jan 11, 2010 READ MORE



AP / Richard Drew

Wall Street Will Be Back for More

When the bailout trillions run out, Wall Street’s maladjusted gamblers will come back for more until our currency becomes junk. Not that any of these people, who exhibit the same traits as psychopaths, have thought this through.

Posted on Jan 10, 2010 READ MORE



Flickr / Ryanpyle.com

China Becomes New World Export Leader

China is heading into the Year of the Tiger with a roar. Last week it was announced that China has surpassed the U.S. as the world’s biggest auto market, and this week Chinese state media is reporting that the country’s exports leaped 17.7 percent in December, overtaking Germany as the global leader.

Posted on Jan 10, 2010 READ MORE



Flickr / edEx

Unemployment Woes Persist

After a smidgen of good economic news in November, the U.S. economy unexpectedly shed 85,000 more jobs in December, continuing a nearly two-year trend and keeping the unemployment rate at 10 percent.

Posted on Jan 8, 2010 READ MORE



Your Bailout Bill: $10,000 (and Counting)

The total price tag for each American for the financial bailout is about $10,000. Could be worse: Brits are paying more than $47,000 apiece. The unemployed bear the brunt of the meltdown, but we all carry a debt for saving Citi, AIG and the rest.

Posted on Jan 7, 2010 READ MORE



Larry’s List: God Hates Lady Gaga Edition

The “God Hates Fags” people have a new villain: Lady Gaga. On today’s list, hear their song, find out how the rich cope with meltdown, and explore whether a Siamese twin would be libel for a murder committed by his conjoined brother.

Posted on Jan 7, 2010 READ MORE



Larry’s List: Chicks With Lit Edition

Of Publishers Weekly’s top 10 books of the year, none are written by women. In Texas, right-wingers are writing the textbooks. These and other outrageous facts on today’s list.

Posted on Jan 6, 2010 READ MORE


iBailout!
gametrailers.com

Now You Too Can Be Among the Powers That Be—Thanks to ‘iBailout!!’

Leave it to the good ol’ U.S. of A. to produce this sort of thing: An enterprising gaming company by the name of Hands-On Mobile has created an iPhone game that allows users to play the part of the money-gobbling Fed. In this digitized satire the Fed actually eats angry citizens. But fear not ... (continued)

Posted on Jan 5, 2010 READ MORE


Why 2010 Doesn’t Have to Be 1994

Democrats can avoid a midterm rout if they get progressives excited without turning off independent voters. Here’s how.

Posted on Jan 3, 2010 READ MORE


Happy New Year From Wall Street

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Posted on Dec 31, 2009 READ MORE



Flickr / edEx

U.S. Jobless Claims Drop

The Labor Department announced Thursday that fewer Americans than anticipated have filed unemployment benefit claims this month, potentially pointing to a less substantial unemployment population and maybe, just maybe, better economic growth in 2010.

Posted on Dec 31, 2009 READ MORE


Fighting Over the Squandered Decade

I’m afraid that the past 10 years will be seen as a time when the United States badly lost its way by using our military power carelessly and pursuing domestic policies that constrained our options for the future.

Posted on Dec 31, 2009 READ MORE



Flickr / saebaryo

Goldman Sachs Duped Investors, Investigation Finds

McClatchy reporters have been digging into the shady offshore dealings of Goldman Sachs and what they found in the records of the financial-meltdown villain is as maddening as you’d expect. (continued)

Posted on Dec 30, 2009 READ MORE


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