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Tropic of Chaos

Tropic of Chaos

By Christian Parenti

Reckless Endangerment

Reckless Endangerment

By Gretchen Morgenson, Joshua Rosner
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Tag: Money


Truthout.org (CC BY-NC-SA 2.0)

America’s ‘We’ Problem

America has a serious “We” problem—as in “Why should we pay for them?”

Posted on Feb 15, 2014 READ MORE



Alan Freed / Shutterstock.com

The Imminent Return of the ‘Clinton Scandals’

Hillary Clinton may well run for president in 2016. Or she may not. But while the nation awaits her decision, both jittery Republican politicians and titillated political journalists—often in concert—will seize upon any excuse to recycle those old “Clinton scandals.”

Posted on Feb 14, 2014 READ MORE



PBS Becoming the Plutocrats Broadcasting Service

Our most prominent public media outlets are becoming instruments for special interests to launder their ideological agenda through a seemingly objective brand.

Posted on Feb 14, 2014 READ MORE



Shutterstock

Recess Is Over: What the Supreme Court Has in Store for Us Now

If you’ve been wondering what has happened to the Supreme Court and all those transformative decisions it was supposed to issue during its 2013-14 term, you’re not alone.

Posted on Feb 14, 2014 READ MORE



Yikes! Some Crocodiles Can Apparently Climb Trees

According to a group of scientists, some species of the dreaded reptile can be found up trees; several vintage cars were swallowed by a sinkhole at the National Corvette Museum; meanwhile, rich people make a large chunk of their money from investments, not wages. These discoveries and more after the jump.

Posted on Feb 13, 2014 READ MORE


Minimum Wage

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Posted on Feb 13, 2014 READ MORE



Robert Gourley (CC BY-NC 2.0)

Why the Three Biggest Economic Lessons Were Forgotten

Why has America forgotten the three most important economic lessons we learned in the 30 years after World War II?

Posted on Feb 12, 2014 READ MORE



pacogaitero (CC BY-NC-SA 2.0)

Why the Lousy Jobs Report Boosted Wall Street

How can bad news on Main Street (only 113,000 jobs were created in January, on top of a meager 74,000 in December) cause good news on Wall Street?

Posted on Feb 10, 2014 READ MORE


The War on the Poor and Middle-Class Families

By Robert Reich

Most Americans are on a downward escalator.

Posted on Feb 8, 2014 READ MORE



Shutterstock

Congress Suffers From Selective Deficit Disorder

The same farm bill that cuts food stamps by $8 billion could increase subsidies to wealthy farmers and agribusinesses by $15 billion.

Posted on Feb 7, 2014 READ MORE



AP/Paul Beaty

Why Not End College Athletics Altogether?

An effort to form a players union in college isn’t about money—yet. Nevertheless, it’s naive to think that giving the athletes a tiny percentage of the proceeds will clean up so corrupt a system.

Posted on Feb 6, 2014 READ MORE



Shutterstock

A Radical Fix for the Justice System: Socialism

Americans are already provided legal assistance, but Noam Scheiber at New Republic says it’s not enough, and, he argues, there should also be a cap on the amount rich people and corporations can spend on lawyers.

Posted on Feb 4, 2014 READ MORE



AP/Anheuser-Busch

The Super Bowl of War: Three Decades of Failure in Afghanistan

A Budweiser commercial during the Super Bowl, that annual celebration of violence as sport, featured a most joyous homecoming for a U.S. veteran of the Afghan War.

Posted on Feb 3, 2014 READ MORE


Net Neutrality

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Posted on Feb 2, 2014 READ MORE



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The Richest ‘Victims’ in America

An ugly outbreak of whiny victimhood is ravaging some of America’s most exclusive ZIP codes.

Posted on Jan 31, 2014 READ MORE



In Defense of the Mega-Rich

As food stamps were cut, millionaire Tom “Kristallnacht” Perkins explained the plight of the wealthy; athletes are looking to unionize; and how will Supreme Court justices believing in “natural law” affect their legal decisions? These discoveries and more after the jump.

Posted on Jan 30, 2014 READ MORE


Pitchforks

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Posted on Jan 30, 2014 READ MORE


Goodbye Net Neutrality, Hello Gilded Age Internet

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Did you hear about the recent federal appeals court ruling that shot down the terribly named net neutrality?
Posted on Jan 30, 2014 READ MORE



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Insurance Companies Shift Consumers to New Plans Without Their Permission

The California Department of Insurance said it is exploring whether any laws were broken when insurance companies withdrew money from consumers’ accounts for plans they didn’t select.

Posted on Jan 27, 2014 READ MORE



M for Marginalism

Money: All money is credit in one way or another. But today it is government-backed or government-created credit, as its defining characteristic is the government’s willingness to accept it in payment of taxes or other public fees.

Posted on Jan 24, 2014 READ MORE



Gage Skidmore (CC-BY-SA)

Chris Christie’s Dual Political Personalities

It’s rare that you can look at your television screen and see not only what is happening but also what might have been.

Posted on Jan 22, 2014 READ MORE



epSos.de (CC BY 2.0)

Take a Guess at How Many People Collectively Are as Wealthy as Half the World. It’s Less Than That

We’ve all heard that 1 percent of the global population owns 50 percent of the earth’s wealth, and yet, now that the actual number of people has been calculated by the relief organization Oxfam, it’s hard not to cringe at the fact.

Posted on Jan 22, 2014 READ MORE


Jon Stewart Ridicules Iran Sanctions and Interviews Robert Gates

Jon Stewart takes us through the new sanctions against Iran that many in our dysfunctional Congress are considering. He also interviews former Defense Secretary Robert Gates about his new book “Duty.”

Posted on Jan 16, 2014 READ MORE


Cash

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Posted on Jan 16, 2014 READ MORE



Shutterstock

Proof That Your Internet Connection Is Worse Than Advertised

Although we’ve come to expect less than we pay for with broadband Internet providers, the actual numbers are outrageous.

Posted on Jan 15, 2014 READ MORE



AP Images

Elizabeth Warren’s Bill Could Mean Billions for Taxpayers

Sen. Elizabeth Warren has teamed up with Republican Sen. Tom Coburn of Oklahoma to introduce a bill that takes aim at the efficacy and malfeasance of government settlements on corporate wrongdoing and could bring billions of dollars back to taxpayers. If corporations have the same rights as people, then they should have to suffer the same consequences.

Posted on Jan 13, 2014 READ MORE


There’s Not Enough Money

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Posted on Jan 13, 2014 READ MORE


Charity

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Posted on Jan 13, 2014 READ MORE



Shutterstock

Fighting Poverty the Republican Way, With Fresh (and Not-So-Fresh) Ideas

Listening to Republican politicians these days as they talk (and talk and talk) about poverty and inequality can be a poignant experience.

Posted on Jan 10, 2014 READ MORE



Shutterstock

Amid Abortion Debate, the Pursuit of Science

The federal government won’t fund research into abortion care, including aspects of safety, even though one-third of women will have the procedure.

Posted on Jan 8, 2014 READ MORE


Corruption

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Posted on Jan 8, 2014 READ MORE


Payday Lenders’ Protection

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Posted on Jan 5, 2014 READ MORE


Financial Help or Bombardment ?

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Posted on Jan 5, 2014 READ MORE



Prison (CC BY-NC-SA 2.0)

Louisiana’s Incarceration Is a Private Business

Louisiana has assailed its residents to a level unequal to any other state, entering the new year with another signature No. 1 ranking in lockups. It has created a system more efficient and despondent than state run prisons or regular privatization. The costs are low, profits high and human life is a commodity that allows the market to keep growing.

Posted on Jan 4, 2014 READ MORE



neneo / Shutterstock.com

Rich Catholics Threaten Pope Francis—Because He Frightens Them

If anyone wonders whether Pope Francis has irritated wealthy conservatives with his courage and idealism, the latest outburst from Kenneth Langone left little doubt.

Posted on Jan 3, 2014 READ MORE


Economic Recovery

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Posted on Jan 2, 2014 READ MORE



Tim Pierce (CC-BY)

The Resurgent Progressives

The re-emergence of a Democratic left will be one of the major stories of 2014.

Posted on Jan 1, 2014 READ MORE



DonkeyHotey

2014: Seize the Moment

Congress has just ended one of the worst and least productive sessions in the history of our country.

Posted on Dec 30, 2013 READ MORE



Shutterstock

The De Blasio-Bloomberg Paradox

The standard line on New York City’s Mayor-elect Bill de Blasio, who takes office next Wednesday, is that he’s the antithesis of outgoing Mayor Michael Bloomberg. That’s not quite true.

Posted on Dec 26, 2013 READ MORE



btckeychain (CC BY 2.0)

Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money

The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that politicians and bankers cannot manipulate. Bitcoin has emerged as the great white hope of something of the sort. Alas, that hope is false.

Posted on Dec 26, 2013 READ MORE


Leveling the Playing Field

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Posted on Dec 24, 2013 READ MORE



White House/Pete Souza

Bill O’Reilly’s War on Jesus

Maybe it is time to put Christ back in Christmas.

Posted on Dec 24, 2013 READ MORE


‘PBS NewsHour’: ‘Money on the Mind’

A UC Berkeley study published earlier in 2013 showed links between wealth and selfish, anti-social behavior. The damning results are worth repeating. Compared with their poorer counterparts, wealthier participants consistently took more candy from children, cheated at games for petty cash prizes, lied during negotiations, stole at work and endorsed unethical behavior.

Posted on Dec 23, 2013 READ MORE


Money Medals

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Posted on Dec 23, 2013 READ MORE


Xmas

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Posted on Dec 22, 2013 READ MORE


Trojan Santa Claus

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Posted on Dec 22, 2013 READ MORE


Payday Lenders

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Payday lenders are snakes that tempt and consume their victims.
Posted on Dec 20, 2013 READ MORE


Income Inequality

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Posted on Dec 20, 2013 READ MORE


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