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 . '/' . substr('9781595555151',-6,3) . '/' . '9781595555151' . '.jpg'; ?>)
By Lopez Lomong and Mark Tabb
$24.99
 . '/' . substr('9780743284462',-6,3) . '/' . '9780743284462' . '.jpg'; ?>)
By Chris Hedges
$19.00
$22
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By E.J. Dionne, Jr. — The rise of the Baptist minister—an “evangelical populist”—has put the fear of God into the Republican establishment.
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By Marie Cocco — Those who think they will retire in Fat City because they have a 401(k) may be headed for a bitter disappointment. The system’s rules are flawed, and Washington should reform them.
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By Will Durst — Talk about how the almighty have fallen. The dollar is headed downhill faster than Bode Miller on a set of rocket skis. Think nose dive. Plummetville. Plunge City. Belly Floppo Rama. Recession is such an ugly word.
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zdnet.com
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With the dollar getting weaker all the time, the ailing housing market is getting a little relief from an unexpected source: foreigners. Brits in particular have been tempted by bargain homes in glamorous locales such as Manhattan, where one-third of all new condominiums are selling to foreign buyers.
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By Eugene Robinson — It’s not surprising in the cutthroat world of Wall Street to see a big-time CEO such as Stanley O’Neal float out of the boardroom with a golden parachute. What is significant is that this grandson of a slave managed to become one of the “Masters of the Universe” in the first place.
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Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush’s take on the state of the nation’s economy and the relation of that topic to his own educational history.
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By Andy Borowitz — The satirist reports that, desperate to protect their endangered fortunes, thousands of the nation’s leading hedge-fund managers converged on Washington today in “The Million Mercedes March.”
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shanghaidaily.com
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Leona Helmsley, the recently deceased billionaire who was famous for being mean and evading taxes, left two of her grandchildren nothing but gave her dog Trouble a $12-million trust fund so it can continue to enjoy the lifestyle it has become accustomed to.
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If you’re caught up financially in the housing bubble (who isn’t these days?), you might want to skip this item. Home prices have fallen by 3.2 percent—the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month—another record. That’s not good news for a market eager to return to the good ol’ days of easy loans and overpriced homes.
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The innovator of the Snow job says he’ll be leaving the White House before George W. Bush, but it won’t be for health reasons: “I’ve told people when my money runs out, then I’ve got to go.” Press secretary Tony Snow’s spintastic rhetorical flair will surely be missed by a president always in need of damage control and a blogosphere that has grown attached to those “did he just say that?” moments.
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danmahony.com
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According to a recent internal audit, 60 percent of IRS employees fell for the oldest trick in the book, allowing auditors posing as help-desk employees access to their digital identities, and by extension your personal and private information.
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By Marie Cocco — It’s a fact: Americans enjoy less vacation time than their European counterparts. But shorter vacations, longer work weeks and skimpy sick leaves add up—not to greater upward mobility for U.S. workers, but rather a burned-out workforce earning less than preceding generations. Saner government policies are clearly needed.
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tcsdaily.com
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The House of Representatives wants to boost soldier pay by 3.5 percent in order to close the gap with private sector wages, but the White House opposes an increase beyond 3 percent. The White House has also come out against new benefits for disabled veterans and survivors of military retirees.
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By Marie Cocco — The markers of a mushrooming student loan scandal are identical to so many of the rest: The Bush administration, determined to turn the federal government into a favor bank for its corporate cronies, ignored every indicator that the $85-billion-a-year student loan industry was rife with corruption.
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Barack Obama recently sat down with David Letterman and managed to hold his own with the humor. When asked why his campaign needed so much money, the candidate said evenly: “We’ve got to advertise on the Letterman show.” According to Amy Goodman, that’s no joke.
Posted on Apr 11, 2007
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hillaryclinton.com
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Hillary Clinton has easily set a fundraising record, pulling in $26 million between January and March. The Clinton campaign would not publicly say how much of the money it plans to save for the general election. A number of pundits have predicted this will be the most expensive election in American history.
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The news that the Treasury will once again sheepishly release a small batch of dollar coins raises the question: Why are Americans so hung up on paper money when countries like Britain and Canada have enjoyed the benefits of coinage for years? Don’t scoff—the Government Accountability Office estimates potential savings at $500 to $747.5 million annually.
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news.yahoo.com
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The stock market Tuesday had its worst day since 9/11 as investors around the world began to lose faith in the U.S. economy. The Dow fell by 4.3 percent, and S&P estimated total losses at $632 billion. The development came only a day after Alan Greenspan warned of a potential recession.
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illustration by Peter Scheer
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Researchers from Dublin City University already believed that drug use was on the rise in Ireland, but they were surprised when their study indicated that 100 percent of Ireland’s banknotes bear traces of cocaine.
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While the British plane-bombing suspects allegedly were planning their attacks, the Bush administration was seeking to quietly divert funds for developing new technologies that could have scanned for liquid explosives.
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According to a new study, not only does a higher income not make you much happier, but people with higher incomes tend to be tenser and spend less time on simple leisure activities.
The Washingon Post has more.
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More and more towns are putting lobbyists on the payroll to tap federal tax money through earmarks (those special appropriations that make their way into omnibus bills in Congress). According to the NYT, “since 1998, the number of public entities hiring private firms to represent them in Washington has nearly doubled to 1,421 from 763.” Bridges, roads, walkways, pedestrian crosswalks… cities and towns are finding that a little bit of lobbying can go a long way.
Posted on Jul 2, 2006
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That’s what Truthdig has to wonder in light of newly released files detailing how Jack Abramoff funneled clients’ funds through nonprofit organizations, or others that show how Abramoff effectively charged people $100,000 for face time with President Bush or Karl Rove.
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Maybe it was towering piles of evidence attesting to the fact that virginity pledges don’t work, but whatever it was, Congress declined to add more funds to abstinence-until-marriage programs. (Via Salon.)
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A law working its way through the California Legislature would provide for full public funding of credible candidates in statewide races. This is the real-deal way to eliminate the ruinous influence of huge campaign contributions in elections. It’s already working in a few states, and a victory in California could start a nationwide revolution. Check it out. Sign a petition. Join the cause.
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The government doled out as much as $1.4 billion in bogus assistance to supposed victims of Hurricanes Katrina and Rita.
Sounds like FEMA did a “heckuva job.”
Posted on Jun 13, 2006
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The Department of Homeland Security slashed anti-terrorism money for Washington and New York in favor of cities like Jacksonville and Sacramento. Stunner: “A DHS risk scorecard for the city asserted that the home of the Empire State Building and the Brooklyn Bridge has ‘zero’ national monuments or icons.”
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The pretense has been shattered. The U.S. is explicitly accusing Iran of supplying money and training to anti-U.S. fighters in Iraq.
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From indybay.org
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Colleges and universities that accept federal money must allow military recruiters on campus, even in the face of the Pentagon’s “don’t ask, don’t tell” policy on gay people. John Roberts wrote the 8-0 opinion.
Posted on Mar 6, 2006
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The country seeking control over six U.S. ports donated nearly four times the total of all other countries combined. The State Department denies there’s a connection between the gift and the pending port deal.
Posted on Feb 25, 2006
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From evote.com
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The American Prospect digs into the finances of Pennsylvania Sen. Rick Santorum and finds that his “lifestyle is financed in ways ... [that] are at best unconventional, and at worst a possible violation of Senate rules.”
Posted on Feb 21, 2006
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The company’s motto is “Don’t be evil,” but analysts say Google’s cash-motivated actions translate into Chinese as “Don’t be poor.” | story
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An audit of American rebuilding projects in Iraq turns up millions of dollars stuffed into footlockers, a U.S. soldier gambling away Iraqi money, and other inspiring tales of the same ilk. | story
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Don’t believe the hype, says Howard Dean, this is a purely Republican scandal | more
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How America Became a Third World Country: 2013-2023
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