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By David Shields
$8.34
By Raul Hilberg
$23
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By Amy Goodman — In recent weeks, radiation levels have spiked at the Fukushima nuclear power reactors in Japan, with recorded levels of 10,000 millisieverts per hour at one spot. This is the number reported by the reactor’s discredited owner, Tokyo Electric Power Co., although that number is simply as high as the Geiger counters go.
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Bjoern Schwarz (CC-BY)
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Just two and a half months after Japan’s nuclear disaster kicked off a global rethink, Germany’s governing coalition has committed to closing down all of the country’s nuclear power plants by 2022. Chancellor Angela Merkel says Germany will replace nuclear, which ... (more)
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Illustration by PZS based on a graphic by Cary Bass
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After five weeks of struggling to avoid a total meltdown at the quake- and tsunami-battered Fukushima nuclear plant, Tokyo Electric Power Co. has announced that it could be nine months before it is able to cool damaged reactors completely.
Posted on Apr 17, 2011
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By Arcadio Esquivel, Cagle Cartoons, La Prensa, Panama —
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Illustration by PZS based on a graphic by Cary Bass
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Here are the latest headlines from Japan’s struggle to prevent nuclear meltdown at the Fukushima Daiichi plant as of early Friday morning (Japan time).
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By Eugene Robinson — Nuclear power was beginning to look like a panacea—a way to lessen our dependence on oil, make our energy supply more self-sufficient and significantly mitigate global warming, all at the same time. Now it looks more like a bargain with the devil.
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Flickr / Tim Suess
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The Ukrainian government is planning to invite tourists inside the 30-mile exclusion zone to get up close and personal with nuclear disaster. The ministry of emergency situations says visitors should be safe—provided they don’t wander. ... (more)
Posted on Dec 14, 2010
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By Eugene Robinson — The crisis over faulty or fraudulent paperwork in mortgage foreclosures—which is either a big deal or a humongous deal, depending on which experts you believe—is the fault of arrogant, greedy lenders who played fast and loose with the basic property rights of homeowners.
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Photo illustration
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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.
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Flickr / david.nikonvscanon (CC-BY)
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Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”
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Flickr / david.nikonvscanon (CC-BY)
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Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”
Posted on May 5, 2010
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Rainer Hachfeld, Neues Deutschland, Germany —
Posted on Feb 26, 2010
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AP / Petros Giannakouris
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By Robert Scheer — “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.
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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
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The filmmaker who gave us “Why We Fight” has crafted this powerful call to action out of scenes from “It’s a Wonderful Life” and documentary footage.
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Reagan Library
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By Robert Scheer — It would be nice to blame Ronald Reagan for the economic meltdown, as Paul Krugman did recently, but the facts don’t support it. Unfortunately, the real villains are closer at hand.
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William K. Black made a name for himself busting bad bankers and the lawmakers who loved them during the savings and loan scandal. His book, “The Best Way to Rob a Bank Is to Own One,” says it all. Here he tells Bill Moyers that the treasury secretary is a failed regulator engaged in the cover-up of a massive fraud.
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By Joe Conason — The story of former AIG executive Joseph Cassano points up once more how tax and regulatory havens across the world encourage nefarious conduct, lack of transparency, evasion of taxes and corporate criminality.
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Here are the five most-read stories of the last seven days, including Chris Hedges on America’s moral meltdown and Robert Scheer on the economic incompetents who find easy employment in the Obama administration. Full list after the jump.
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Flickr / billjacobus1
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Black and Latino communities have long suffered significantly higher unemployment rates than those of whites, but the economic collapse is taking labor inequity to new and alarming places. Jobs data shows that blacks and Latinos aren’t just more unemployed overall, but they’re losing jobs faster than their white colleagues.
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Flickr / stan
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Uncle Sam already gave Citigroup $45 billion and promised to limit the bank’s losses on $300 billion in troubled loans, but executives at the ailing bank are now reportedly asking the federal government to sweeten the deal. One scheme has Washington exchanging preferred stock for common stock.
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For everyone forced by the global economic meltdown to pinch pennies, the Onion has this friendly reminder that consumption isn’t all it’s cracked up to be. Warning: This clip has an abundance of salty language.
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By Eugene Robinson — Our nation’s capital will survive the financial meltdown, the deepening recession and the plethora of foreign crises from Afghanistan to Zimbabwe. Whether Washington will survive Tuesday’s inauguration, however, is an open question.
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Flickr / FaceMePLS
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President-elect Obama is still working out the nuts and bolts of his recovery (fingers crossed) package, but Obama advisers have disclosed that at least one proposal would expand benefits and compensation to the unemployed. With the economic meltdown vaporizing more and more jobs, here’s hoping Congress gets it done before February.
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AP photo / J. Scott Applewhite
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By Robert Scheer — This is not change we can believe in. Not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in President-elect Barack Obama’s incoming administration.
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Good thing President Bush was there to remind attendees at last weekend’s G-20 summit that capitalism isn’t all bad; after all, it gave us Hot Wheels and iPods!
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wfxl.com
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As if to prevent surplus national exuberance over the electoral defeat of John McCain on Tuesday, the Labor Department announced that the country’s unemployment rate has hit a 14-year high of 6.5 percent, with 240,000 jobs lost in October as joblessness continues to increase in the face of economic turmoil.
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Flickr / World Economic Forum
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Barack Obama is rumored to favor Lawrence Summers as his treasury secretary. That’s a terrible choice, says Robert Scheer, if the president-elect is at all concerned about the financial meltdown.
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wamu.com
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JPMorgan Chase added to its failed financial behemoth collection by gobbling up the deposits of Washington Mutual, which set a record for the biggest U.S. bank failure Thursday. According to the FDIC and Chase, bank customers have nothing to worry about.
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commons.wikimedia.org / Ramy Majouji
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Truthdig’s editor in chief warns against thinking about the economic crisis as an “act of God,” saying “this is man-made” and that the individuals responsible are well known and entirely too influential in the current election.
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Flickr / tshein
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While John McCain took heat for reasserting that “the fundamentals of the economy are strong,” two of the five biggest American investment banks folded on Monday. Bank of America bought out troubled Merrill Lynch while Lehman Brothers declared bankruptcy. Update: Another big one stumbles
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Harriet Christian’s total meltdown at the Democratic Party’s Rules and Bylaws Committee meeting was outrageous enough to make it to the top of YouTube’s political charts. Her tirade illustrates some of the challenges facing the Democratic Party and the Barack Obama campaign as it woos Hillary Clinton’s more colorful supporters. This one, though, is probably a lost cause.
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Although several clips showing Fox’s top bloviator, Bill O’Reilly, coming unhinged on his former job at “Inside Edition” have been pulled after ricocheting their way around the Web, this amazing remix of O’Reilly’s now-infamous meltdown proves that video magic like this just can’t be stopped ... but it can be set to a slammin’ beat. Long live the Internet.
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The Lotto Symbolizes the False Promises of Barracuda Capitalism
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