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Tag: Economy

cuban farmer
Flickr / Lauras512

Food Crisis Leads to Opportunity in Cuba

Raul Castro would like to see his island produce more food. Currently, Cuba imports the vast majority of its basic food products, at increasing expense, despite plenty of arable land. Private farmers and collective growers are hoping new reforms make it easier to produce food more efficiently, and that’s not just good news for Cuba. With rice rationing at Costco, that’s good news for the world.

Posted on May 5, 2008 READ MORE


The Wright Distraction at the Wrong Time

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Posted on May 4, 2008 READ MORE


book cover

Jeff Madrick on ‘High Wire,’ Peter Gosselin’s Look at the Economic Meltdown

A star reporter for the Los Angeles Times has written a clear, even elegant anatomy of an economy that is much worse than you probably think.

Posted on May 2, 2008 READ MORE


The Power of a Stupid Idea

There’s something maddening about this presidential campaign. It has become irrelevant whether anything the candidates say actually makes sense. Case in point: cutting the gas tax.

Posted on May 2, 2008 READ MORE


The Plague of Potomac Fever

Congress is ravaged by a disease inside the Washington Beltway inhibiting emotions like compassion and integrity. As the housing crisis intensifies, this malady is getting worse.

Posted on May 2, 2008 READ MORE


Hagee and McCain
AP photo / Gerald Herbert, file

Church, State and Campaign ‘08

We are letting religious fanaticism dominate the presidential campaign. The candidates have brought it on themselves with tedious references to their churchgoing piety. Now we’re all paying for it. Who cares what their preachers say?

Posted on May 1, 2008 READ MORE


Bush
blogs.trb.com

Bush Passes the Buck

Why is it that the U.S. economy is on a serious downswing? Could it be that we’re in the midst of a super-expensive war with little sign of scaling down in the near future that has jacked up oil prices to new heights and strained the federal budget? According to Bush, he’d have worked out our economic woes if it weren’t for those meddling congressional Democrats.

Posted on Apr 29, 2008 READ MORE


The Cutting Edge of Backward Thinking

Senate Republicans are determined to join with the Supreme Court to keep women on the losing end of discriminatory pay.

Posted on Apr 28, 2008 READ MORE


Belittling the Campaign

This is supposed to be a big election, but it has given every sign in recent weeks of becoming a small one. As a result, the public and the media are showing signs of exhaustion with what had once been an exhilarating contest.

Posted on Apr 28, 2008 READ MORE


Bush
boston.com

Bush Ready to Stimulate America

President Bush announced that rebate checks will start winging their way to taxpayers as early as Monday, helpfully observing that Americans need a little help paying for necessities like groceries and gas during this economic “slowdown”—a slightly different story from his initial justification for this economic stimulus plan, and one that wasn’t lost on his critics.

Posted on Apr 25, 2008 READ MORE


Sarkozy
ohiomm.com

Spin Control With Your Host, President Sarkozy

French President Nicolas Sarkozy strode into office a year ago after talking big about economic growth, but by early 2008 he complained that “the till’s already empty”—as he sported flashy accessories and stepped out with an even flashier new partner, Carla Bruni.  Now, “Sarko” is doing crisis management and offering apologies for his past mistakes.

Posted on Apr 24, 2008 READ MORE


McCainomics

Fittingly, and with dreadful predictability, John McCain used April 15—tax day—as the day to release his economic plan. Fittingly, and with dreadful predictability, it offers more of the same. But more of the same what?

Posted on Apr 21, 2008 READ MORE


For the GOP, a Tough Sell

How on earth is the Republican Party going to sell John McCain? Once the Democrats stop doing the job, I mean.

Posted on Apr 21, 2008 READ MORE


Clinton and Obama
AP photo / Rick Bowmer

The Left Has Lost Its Way

The failure of the American left is a failure of nerve. It has been neutralized and rendered ineffectual as a political force because of its refusal to hold fast on core issues.

Posted on Apr 21, 2008 READ MORE


The Other Shoe Drops

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Posted on Apr 21, 2008 READ MORE


Poll: Economy Gets Nine Thumbs Down

A poll by The Washington Post-ABC News reports that nine in 10 Americans rate the economy negatively, with a majority of those polled believing it to be in “poor” shape. Support of the U.S. war in Iraq is also down, with six in 10 Americans rejecting the administration’s argument that the conflict is an effective defense against terrorism.

Posted on Apr 18, 2008 READ MORE


Newsmax/Zogby Poll: Deadlocked in Pennsylvania

With just five days left before Democratic primary voters go to polls to decide whom they want to be their presidential nominee, Hillary Clinton of New York and Barack Obama of Illinois are locked in a battle that is too close to call, the latest Newsmax/Zogby telephone poll shows.

Posted on Apr 17, 2008 READ MORE


Whose Elitism Is Worse?

It is hard to blame John McCain for mocking Barack Obama as an “elitist” following that silly remark about bitter folks who cling to guns and religion. Rarely does the Arizona senator—one of the wealthiest members of Washington’s most exclusive club—encounter such a tempting chance to masquerade as a populist.

Posted on Apr 17, 2008 READ MORE


homes for sale
Flickr / caswell_tom

Democratic Voters Agree: Bail Us Out

According to a new L.A. Times/Bloomberg poll, the vast majority of Democratic voters in the next three primary battlegrounds want the government to bail out struggling homeowners. Most don’t seem to care that the Fed rescued Bear Stearns; they just want the same treatment.

Posted on Apr 16, 2008 READ MORE


memorial
Flickr / Kevindooley

The $3-Trillion War

Harvard scholar Linda Bilmes speaks about the book on the Iraq war’s costs that she wrote with Joseph Stiglitz. The two former Truthdiggers of the Week have been working hard to uncover even more hidden expenses for the war, which they estimate will cost the taxpayers and their children trillions of dollars.

Posted on Apr 16, 2008 READ MORE


Barack Obama
AP photo / Charlie Neibergall

Blame It on the Media

With the so-called scandal over Barack Obama’s “bitter” comment, the media have once again abandoned impartiality and become active participants in the race for the White House.

Posted on Apr 15, 2008 READ MORE


Just a Regular Gal

Hillary “Shot-and-a-Beer” Clinton has given us the perfect illustration of what’s so insane about American politics: the philosophical dictum that could be summed up (with apologies to Descartes) as “I seem, therefore I am.”

Posted on Apr 14, 2008 READ MORE


The ?Bitter? Battle

The Democratic presidential candidates are doing a splendid job of helping John McCain get to the White House.

Posted on Apr 14, 2008 READ MORE


How Can We Miss Him if He Won’t Go Away?

Maybe what the economy needs is for George Bush to go to Disney World ... and stay there.

Posted on Apr 14, 2008 READ MORE


3 trillion shopping spree

Can YOU Spend $3 Trillion Better Than Bush?

We’ve all heard of Publishers Clearing House, but this is a whole new ballgame, people. Robert Greenwald’s Brave New Films team has come up with a game that offers each player the fictional (sigh) amount of $3 trillion, the same amount the Iraq war is projected to cost the U.S., and a whole virtual mall’s worth of fun “shopping” items to buy.

Posted on Apr 14, 2008 READ MORE


Berlusconi
White House / Sheahlah Craighead

Another Round for Silvio

With the concession of his main rival, conservative media mogul Silvio Berlusconi is set to take up a third term as Italy’s prime minister. Although a divisive and controversial figure, Berlusconi offered “An affectionate kiss to all Italians” over the news.

Posted on Apr 14, 2008 READ MORE


Mexico Food Protest
treehugger.com

G-7, IMF and World Bank Leaders to Meet

Following the string of economic crises across the globe, financial elites are planning to meet in Washington this weekend to address how to resolve the problems of global capitalism. Notably missing from the proceedings is any representative from the developing world.

Posted on Apr 11, 2008 READ MORE


The USS Economy

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Posted on Apr 10, 2008 READ MORE


In Utero Inc.

Renting the wombs of poor women in foreign countries has become a business, but is it a good business?

Posted on Apr 9, 2008 READ MORE


ENTER_ALT_TEXT
Bloomberg.com

It Ain’t Argentina This Time

The International Monetary Fund, the darling lending institution of neoliberal capitalists, believes that the U.S.‘s current mortgage crisis is dragging down the world economy. The IMF is predicting at least a two-year global economic downturn, led by the U.S. credit crunch, that also has a gambling chance of turning into a “global recession.”

Posted on Apr 9, 2008 READ MORE



AP photos / left: Gautam Singh / right: Uwe Lein

On Secular Fundamentalism

The battle under way in America is not a battle between religion and science. It is a battle between religious and secular fundamentalists. It is a battle between two groups intoxicated with the utopian and magical belief that humankind can perfect itself and master its destiny.

Posted on Apr 7, 2008 READ MORE


Hillary Clinton
Flickr / Joe Crimmings Photography

Nobody Votes for a Quitter

Real politicians don’t quit. They are defeated, indicted, jailed, die or, in some jurisdictions, ousted by term limits. So don’t expect Hillary Clinton to surrender just yet.

Posted on Apr 3, 2008 READ MORE


Clinton?s New 3 A.M. Ad

Hillary Clinton’s latest ad reprises her 3 a.m. theme, only this time she’s taking calls on the economy. The most interesting thing about this commercial is its target: not Barack Obama, who has just surpassed Clinton in one poll in Pennsylvania, but John McCain. Update: McCain responds.

Posted on Apr 2, 2008 READ MORE



Dorothea Lange / FSA

The Next Great Depression?

It’s looking that way for a growing number of Americans. Record home foreclosures, escalating unemployment and price hikes are hitting them in the gut, creating a record number—28 million—who are in need of food stamps to feed themselves and their families.

Posted on Mar 31, 2008 READ MORE


The Secretary’s New Clothes

Treasury Secretary Henry Paulson has announced what the media are calling a “massive overhaul” of America’s regulatory agencies, but columnist and liberal economist Paul Krugman isn’t impressed. Krugman doesn’t think the administration’s cosmetic solutions will mitigate our current economic crisis or prevent the next one.

Posted on Mar 31, 2008 READ MORE


Mugabe votes
AP photo / Tsvangirayi Mukwazhi

Zimbabwe Tense as Election Results Slowly Roll In

Results from Saturday’s watershed elections in Zimbabwe are still being tallied and analyzed, and while the country anxiously awaits the outcome, some are wondering whether the delay is due to careful counting methods or more troubling potential causes. Meanwhile, President Robert Mugabe is losing his grip on power or ready to claim victory—depending on which of Monday’s conflicting reports you read.

Posted on Mar 31, 2008 READ MORE


foreclosure
AP photo / Reed Saxon

The Decriminalization of Corporate Crime

With our economic and financial crises deepening, government insiders reportedly are debating whether we need to restore some regulation—or not. Given the state of things, we can expect further woes and no regulation.

Posted on Mar 29, 2008 READ MORE


Clinbama

Economy Takes Center Stage

The three presidential contenders had a bit of a showdown Thursday over the economy. Barack Obama gave a major address in New York, while Hillary Clinton spoke in North Carolina. They criticized each other, as well as John McCain, who barked back.

Posted on Mar 27, 2008 READ MORE


It’s the Economy, John

Both Hillary Clinton and Barack Obama gave major economic policy speeches Thursday, outlining specific proposals and highlighting John McCain’s relative weakness on the subject. Obama called for a boost in regulation and an additional $30 billion in stimulus while Clinton proposed a job retraining program.

Posted on Mar 27, 2008 READ MORE


Slap Down ‘Free Market’ Pirates

For years, District Attorney Robert Morgenthau has warned that the nexus of capitalism and criminality poses a serious threat to America.  With Bear Stearns now in ruins, maybe we will listen to him.

Posted on Mar 26, 2008 READ MORE


Conservatives Beware

What’s the matter with conservatism? Its problems start with the failure of George W. Bush’s presidency but they don’t end there.

Posted on Mar 24, 2008 READ MORE


The Next 4,000

Four thousand. When U.S. military deaths in Iraq hit a round number, as happened Sunday, there’s usually a week or so of intense focus on the war—its bogus rationale, its nebulous aims, its awful consequences for the families of the dead. Not likely this time, though.

Posted on Mar 24, 2008 READ MORE


Wall Street subway sign
Flickr / epicharmus

Amid Economic Whiplash, a Bit of Glad News

A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren’t investors smiling?

Posted on Mar 24, 2008 READ MORE


MIR Egypt bread shortage

Mosaic: Egypt’s Bread War

Some Arab countries’ economies are getting a boost from the rise in oil prices, but you wouldn’t know it from the shortages of staples like bread— a major cause for concern in Egypt, where long lines and soaring costs are sparking serious unrest.

Posted on Mar 21, 2008 READ MORE


Shrinking Payrolls Worry Economists

A sharp jump in the number of Americans filing for unemployment has brought the four-week average to its highest level since the aftermath of Hurricane Katrina. Last week, 378,000 new claims were filed. Roughly 2.8 million workers currently receive unemployment benefits.

Posted on Mar 20, 2008 READ MORE


Whatever Happened to Ending the War?

Back in 2006, the Iraq Study Group said that all U.S. combat brigades in Iraq should be out by now. They also warned that an escalation, or “surge,” “would not solve the fundamental cause of violence in Iraq.”

Posted on Mar 20, 2008 READ MORE


Too Big to Fail

The government spread out a nice, soft net to catch the collapsing financial firm Bear Stearns. But if you’re a little guy who gets in trouble, expect to meet up with a somewhat harder surface.

Posted on Mar 20, 2008 READ MORE


The Folks Who Brought You Iraq

John McCain says that when it comes to Iraq, Americans should look to the future, but that’s to be expected of such an enthusiastic supporter of the disaster.

Posted on Mar 20, 2008 READ MORE


The Race to Captain a Sinking Ship

The Democratic presidential candidates squabble over real or imagined racial sensitivities, the Republican presidential candidate stages photo opportunities with the troops in Iraq, and meanwhile the financial system is coming apart at the seams.

Posted on Mar 18, 2008 READ MORE


Be Careful What You Wish For

Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries, and how government should keep its hands off the private economy.

Posted on Mar 18, 2008 READ MORE


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