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Tag: Money

Ticker Tape Ain’t Spaghetti

Food riots are erupting around the world. Behind the hunger, behind the riots, are so-called free-trade agreements, and the brutal emergency-loan agreements imposed on poor countries by financial institutions like the International Monetary Fund.

Posted on Apr 30, 2008 READ MORE


Progressive Jews Fight Back

There’s a new Jewish lobby in town, one that hopes to reclaim American Jews’ proud progressive tradition and counter the right-wingers who have managed to intimidate Washington in the name of the Jewish community. Unlike like-minded advocacy groups, J Street hopes to raise gobs of money in order to support lawmakers who take a more enlightened view, including a call for a more peaceful approach to American and Israeli foreign policy.

Posted on Apr 29, 2008 READ MORE


Obama
Flickr / Joe Crimmings Photography

Hope for Corporate America

The corporate state is our shadow government. Candidates who aspire to higher office get corporate money if they promote corporate interests. Barack Obama’s campaign message, filled with lofty promises of change and hope, is also filled with repeated reassurances to the corporate elite.

Posted on Apr 28, 2008 READ MORE


Make It Stop

Who picked this movie? A few months ago, the contest for the Democratic presidential nomination looked as if it would be the feel-good political campaign of the decade, if not the century. Instead, we’re having to endure an endless loop of “Alien vs. Predator.”

Posted on Apr 24, 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


Obama flyer
Flickr / FourthFloor

Obama Battles Tradition in Philly

The Barack Obama campaign’s “culture clash” in Philadelphia goes beyond the unwillingness to pay out “street money.” The L.A. Times details the many challenges of trying to wage a new kind of politics in the city where our nation’s politics began. Update: “Ward leaders are pretty pissed.”

Posted on Apr 20, 2008 READ MORE



Flickr / djloche / jurvetson / seiu_international

Democrats Split the Hollywood Money

If you’re looking for an indicator of just how close the Democratic primary race is (delegate math notwithstanding), you need look no further than those all-important Hollywood donations. With nearly $6 million in entertainment industry contributions between them, Hillary Clinton and Barack Obama are separated by a mere $291.

Posted on Apr 15, 2008 READ MORE


Colbert

Colbert and the Anti-Penny Crusader

You may not have given the penny much thought, but it turns out that the least of our currency is essentially worthless and wastes Americans a surprising amount of money and time. Anti-penny advocate Jeff Gore would like to do away with the coin altogether—and he has a plan.

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


Life After Penn

The most striking critiques of Hillary Clinton’s presidential campaign have come not from her opponents or her enemies but from her most loyal friends.

Posted on Apr 8, 2008 READ MORE


Clintons
commons.wikimedia.org

Clinton Releases Tax Returns

Hillary Clinton has released seven years of tax returns, which she filed jointly with her former president husband. While there is much poring over to do, one piece of information stands out: The Clintons are rich. America’s most famous power couple made about $109 million in seven years, thanks in large part to Bill Clinton’s speaking fees.

Posted on Apr 4, 2008 READ MORE


Confessions of an Economic Hit Man

The real John McCain is re-emerging: a politician who rakes in big bucks by being a hired gun for the corporations.

Posted on Apr 3, 2008 READ MORE


March Fundraising Madness Leaves Obama Smiling

Barack Obama raised more than $40 million in March to Hillary Clinton’s $20 million. Between them, the Democrats took in about three times in March what John McCain raised in January and February combined. That’s good news for Democrats, but only, as Donna Brazile points out, if the money isn’t “used to tear the party apart.”

Posted on Apr 3, 2008 READ MORE


Where Do We Go From Here?

It has been 40 years since Dr. Martin Luther King Jr. was assassinated in Memphis, Tenn., while standing on the balcony outside his room at the Lorraine Motel.

Posted on Apr 2, 2008 READ MORE


submarine
AP photo / Carol Phelps

A Submarine to Fight al-Qaida?s Navy

A trillion dollars here, a trillion dollars there, and soon you’re talking real money. But when it comes to reporting on what the Bush war legacy has cost American taxpayers, the media have been shockingly indifferent to the highest run-up in military spending since World War II.

Posted on Apr 1, 2008 READ MORE


memorial
Flickr / Kevindooley

The $3-Trillion War

Harvard scholar Linda Bilmes speaks about her work with Joseph Stiglitz. The two former Truthdiggers of the Week have a new book and have been working hard to uncover even more hidden expenses for the war in Iraq, which they estimate will cost the taxpayers and their children trillions of dollars.

Posted on Apr 1, 2008 READ MORE


The Clinton Backlash

Even Obama has said his rival should stay in the race, but how will she campaign? Negativity has hurt the once-mighty Clinton brand.

Posted on Mar 31, 2008 READ MORE


Greed Is Not Good

The housing crisis brings to mind Gordon Gekko, that fictitious ambassador of Wall Street whose words, then and now, remind us why uninhibited capitalism just doesn’t work.

Posted on Mar 24, 2008 READ MORE


New Crisis, Old Isms

The Federal Reserve Bank’s decision last week to address the housing crisis by extending $200 billion of taxpayer-financed credit to Wall Street banks was met with a stunned reaction typical of surprising events. But really, the move was the expression of longstanding isms that routinely package corruption as sound public policy.

Posted on Mar 21, 2008 READ MORE


Ethical Progress at Last

Elections do matter. Some people who win office really do keep campaign promises. And legislation the public wants—but which the politicians, by and large, don’t—actually can be enacted, even if the kicking and screaming can practically be heard coming from behind those infamously closed doors.

Posted on Mar 18, 2008 READ MORE


McCain
nymag.com

AFL-CIO Eager to Hit McCain in $53-Million Drive

The AFL-CIO isn’t going to wait around for the Democrats to pick a nominee before it starts campaigning against John McCain. The largest union in America plans to spend a record $53 million to make sure the next president isn’t a Republican.

Posted on Mar 11, 2008 READ MORE


Putting Clinton and Obama on the Grill

Because superdelegates—not to mention Democrats in general—want a candidate who can beat McCain, they want answers to some very uncomfortable questions.

Posted on Mar 10, 2008 READ MORE


Obama
Flickr / Joe Crimmings

Feb. Not the Shortest Month for Obama

Though March dealt him some disappointments, February was very good to Barack Obama. His campaign blew away records by raising $55 million—that’s $20 million more than the amount taken in by Hillary Clinton, who had her best month yet. But the best news of all for Obama is that, according to The Hotline, $54 million of that money can be used in the primaries.

Posted on Mar 6, 2008 READ MORE


McCain ad

The Money Behind the Anti-McCain Ad

A joint probe by the Center for Investigative Reporting and National Public Radio traces the money behind a new anti-McCain ad, revealing an alliance of top Democratic donors who’ve already raised millions to take back the White House.

Posted on Mar 6, 2008 READ MORE


Bush’s Gas Gaffe

Of all the reasons to be hopping mad, helplessly shaking your head or hoping beyond reasonable hope that somehow the Bush presidency will get better before it ends, blaming the president for failure to know the price of gas at the pump isn’t one of them.

Posted on Mar 3, 2008 READ MORE


Obama and Clinton
AP photo / Chris Carlson

Democrats Rake It In

It’s no wonder John McCain wants to get the Democrats to commit to public financing. In a reversal of tradition, the Democrats are far out-raising Republicans during this election cycle. The Clinton campaign just announced a $35-million month—Clinton’s biggest yet. Though the Obama campaign hasn’t announced its numbers yet, estimates are in the $50-million range.

Posted on Feb 28, 2008 READ MORE


farm
international.wi.gov

Farm Bill Brings the Bacon

What has the power to unite progressive Democrats and conservative Republicans? According to a compelling article in the San Francisco Chronicle, agribusiness is having its way in Congress, even getting Democrats to cut food stamps to make room for subsidies.

Posted on Feb 28, 2008 READ MORE


Hillary's feet
latimes.com

Clinton Backtracks on Tax Returns

Under pressure during Tuesday’s debate, Hillary Clinton hinted that she might release her tax returns earlier than “once I become the nominee,” a schedule that had drawn criticism from Barack Obama and the press. But aides speaking with the media the next day retreated from that opening.

Posted on Feb 27, 2008 READ MORE


militants
AP photo

The Calm Before the Conflagration

There’s an ugly secret behind the “success” of the surge: The United States is paying off Iraqi militants with weapons and cash. It’s a recipe for disaster, one that reminds Chris Hedges of “Yugoslavia before the storm.”

Posted on Feb 25, 2008 READ MORE


A Fair Question

Humor me while we conduct a little thought experiment. Imagine that Barack Obama lost 10 states in a row.

Posted on Feb 22, 2008 READ MORE


The Poppy Problem

While Pakistan steals headlines, neighboring Afghanistan offers a more realistic opportunity to crack down on the incubation of terrorists—if only the United States and other interested governments are willing to think outside the box.

Posted on Feb 21, 2008 READ MORE


Hillary Clinton

Clinton’s Soft Money Boost

Hillary Clinton has had difficulty keeping pace with Barack Obama’s fundraising, which could explain the launch of a new pro-Clinton 527 group called “American Leadership Project” that already has a commercial it plans to run in Ohio. The group is not subject to the same rules as the campaign and can theoretically raise unlimited amounts of money.

Posted on Feb 20, 2008 READ MORE


Dead Money Walking

Share
Posted on Feb 17, 2008 READ MORE


Outmaneuvering the ‘Inevitable’

What happened to Hillary Clinton? Last fall, she was the “inevitable” nominee whose “machine” would raise scads of cash and push her to an early victory.

Posted on Feb 15, 2008 READ MORE


Hillary Clinton

Following the Money

Barack Obama has called for Hillary Clinton to release her tax returns in light of the $5 million she lent her campaign. Here he explains why, and Clinton promises she will—but only if she wins the nomination.

Posted on Feb 12, 2008 READ MORE


book cover

Mark Arax on California’s Capitalist Founders

It is said that behind every great fortune there is a crime. Here’s a true-life drama of self-invention, greed and ambition involving four larger-than-life men who singly, and together, helped create California. A book to be read after you’ve watched “There Will Be Blood.”

Posted on Feb 7, 2008 READ MORE


The Democrats’ Class War

For all the hype about generational and gender wars in the 2008 Democratic presidential primary, we have a class war on our hands. And incredibly, corporate America’s preferred candidate is winning the poorer “us” versus the wealthier “them.”

Posted on Feb 7, 2008 READ MORE


Michael Eisner
AP photo / Paul Hawthorne

Eisner: Strike Is Over

He’s not the head honcho at the Mouse House (aka Walt Disney Co.) anymore, but Michael Eisner claims firsthand and reliable knowledge that the writers’ strike is over. He says a deal was struck between the WGA and studio execs late last week and will take effect within days.

Posted on Feb 7, 2008 READ MORE


Obama
jossip.com

How Is Obama the Underdog?

Somehow Barack Obama has managed a political hat trick. He appears to have won the most delegates on Super Tuesday, he certainly has the most money (Clinton loaned herself $5 million while Obama is on track to set more records), and yet somehow he’s also winning the expectations game.

Posted on Feb 6, 2008 READ MORE


It’s an Air War

There’s a reason campaigns are more expensive than ever: commercials. Although they try, the candidates can’t be in every Super Tuesday state at the same time, and the most effective way of reaching millions of people in one state is the same for politicians as it is for Tylenol. Even Barack Obama, who has bet big on his grass-roots organization, spent around $4 million on ads in the last week of January.

Posted on Feb 4, 2008 READ MORE


Kerviel
Societe Generale

The Man Who Lost $7.2 Billion

How did a 31-year-old low-level bank trader with limited access lose five times as much money as the worst rogue trader ever? That’s the question European authorities and Societe Generale, France’s second-largest bank, are trying to answer.

Posted on Jan 25, 2008 READ MORE


book cover

Chalmers Johnson on the Myth of Free Trade

A powerful new book by a young South Korean-born economist at Cambridge University provides a compelling critique of the contradictions and hypocrisies of globalization and neoliberalism. The perfect antidote to the nostrums of Thomas Friedman.

Posted on Jan 24, 2008 READ MORE


Pelosi and Bush
news.google.com

House, Bush Cut Stimulus Deal

House Democrats, Republicans and President Bush have tentatively agreed on the broad outlines of a $150-billion stimulus package. Most of that money will come in the form of payouts ranging between $300 and $1,200 for individuals and households.

Posted on Jan 24, 2008 READ MORE


That Dismal Democratic Debate

Supporters of one Democratic candidate or another may insist that their man or woman won last Monday’s debate in South Carolina, but in their hearts most viewers could only have been disappointed by its childish tenor and puerile content.

Posted on Jan 23, 2008 READ MORE


Clinton, Edwards and Obama

Show Me the Money

The issue of campaign financing was raised once again during Monday’s debate between the Democrats, so we thought we’d check the numbers and see how much the candidates are getting and from whom.

Posted on Jan 22, 2008 READ MORE


How Much Is That Superpower in the Window?

The satirist reports that New York Mayor Mike Bloomberg is still trying to decide whether to buy the U.S. presidency, with the sticking point being the steep price.

Posted on Jan 21, 2008 READ MORE


The Broadcasters’ Big Payday

Hillary Clinton’s surprise victory in New Hampshire guarantees a longer, more competitive Democratic primary season. It’s like money in the bank for those who control the airwaves.

Posted on Jan 9, 2008 READ MORE


Huckabee the Rebel

The rise of the Baptist minister—an “evangelical populist”—has put the fear of God into the Republican establishment.

Posted on Dec 20, 2007 READ MORE


The 401(k) Myth

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.

Posted on Dec 12, 2007 READ MORE


The Not So Almighty Dollar

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.

Posted on Dec 2, 2007 READ MORE


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