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Tag: Money

Obama Needs to Stand His Ground

Republicans in the House are like a bunch of 3-year-olds playing with matches.

Posted on Sep 19, 2013 READ MORE



AP/J. Scott Applewhite

The People Win as Lawrence Summers Trades Power For Wealth

Poor Lawrence Summers, he doesn’t get to be chairman of the Federal Reserve, aka the czar of the world’s economic order.

Posted on Sep 16, 2013 READ MORE


Lawrence Summers Will Not Chair the Federal Reserve

Over the screaming objections of members of his own party, President Obama seemed determined to appoint Wall Street groupie Lawrence Summers to head the most important bank in the country. On Sunday, Summers “reluctantly” withdrew his name from consideration for the post.

Posted on Sep 15, 2013 READ MORE


One Man’s Brave New World

A well-regarded economist has written a new projection of a world of machine-driven alphas and lesser beings. The book is a smart and cruel projection of the world he sees coming. In fact, he thinks it is already here.

Posted on Sep 13, 2013 READ MORE


Mr. Burns

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Posted on Sep 12, 2013 READ MORE



Risastla (CC-BY-SA)

New Record: Richest Americans Took Half of All Income in 2012

A new study has concluded that the wealthiest 10 percent of Americans have never in the last century taken a larger slice of the income pie.

Posted on Sep 11, 2013 READ MORE



AP/Bebeto Matthews

Cornel West and the Fight to Save the Black Prophetic Tradition

Verbal attacks largely by black supporters of President Obama are attempts not only to silence the activist but destroy a historical movement that exposes the president as an ideological heir of the “accommodationist” Booker T. Washington.

Posted on Sep 9, 2013 READ MORE



AP/Manuel Balce Ceneta

Supreme Court Preview: A Storm Is on the Horizon

As the war clouds gather over Washington in preparation for airstrikes against Syria, the nine justices who sit on the Supreme Court have returned from summer break and are preparing to kick up a legal storm of their own as they resume their quest to radically transform federal law and the Constitution.

Posted on Sep 5, 2013 READ MORE



Images_of_Money (CC BY-SA 2.0)

How Wealth Breeds Narcissism

Though it may already seem obvious that richer people are generally more entitled than poorer ones, a new study reveals there’s psychological evidence to support this assessment.

Posted on Aug 26, 2013 READ MORE



zcopley (CC BY-SA 2.0)

Berlin Embraces Bitcoin

Germany is the first country to make an official decision about the status of the online currency. The nation’s Finance Ministry acknowledged Bitcoin as “private money” and a “currency unit,” which means it can be taxed when used commercially, but not so for personal purposes.

Posted on Aug 20, 2013 READ MORE



AP/Mustafa Quraishi

Pink Sari Revolution

This is the story of India’s Pink Gang, a grass-roots movement that confronts Indian officialdom over the rights of the poor and the marginalized, especially women.

Posted on Aug 16, 2013 READ MORE


A Civics Lesson From America’s Education Debate

Paradoxes come in all different forms, but here’s one that perfectly fits this Gilded Age: The most significant lesson from the ongoing debate about American education has little to do with schools and everything to do with money.

Posted on Aug 15, 2013 READ MORE



AP/Evan Vucci

Don’t Believe Everything You Read

The news media, in reporting the sale of The Washington Post and the implications for The New York Times, ignored a fundamental rule of journalism and life: Bosses lie.

Posted on Aug 13, 2013 READ MORE



AP/Steve Miller

America’s Disappeared

The poor routinely vanish from city streets after encounters with police. They are swallowed up by jails and prisons for weeks, months or years for offenses often trivial or invented. These disruptions of lives have destroyed cohesion in urban communities, which live in heightened states of fear and troubling unrest.

Posted on Aug 12, 2013 READ MORE



Photo by Timothy Krause (CC-BY)

Spitzer Spends Millions on His Own Campaign

The former New York governor has given $3.65 million of his own money to campaign for a role in New York city government we didn’t realize was all that exciting.

Posted on Aug 11, 2013 READ MORE


The Creative Destruction of Misguided Ideology

What happens when the insurance industry so touted by the conservative movement starts saying things that wholly contradict that movement’s talking points?

Posted on Aug 9, 2013 READ MORE



Photo by Gage Skidmore (CC-BY-SA)

RNC Threatens to Boycott Networks That Air Hillary Clinton Documentaries

With NBC and CNN both planning to devote special coverage to the potential 2016 presidential candidate, Republican National Committee Chairman Reince Priebus (pictured) says his group will freeze out networks that put a “thumb on the scales of the 2016 presidential election.”

Posted on Aug 5, 2013 READ MORE



Photo by Walmart (CC-BY)

Pennies at the Register, Dollars in the Paycheck

Is it really true that higher wages would be devastating for individual consumers? The answer, it seems, depends on your definition of “devastating.”

Posted on Aug 2, 2013 READ MORE


Summers Loving

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Posted on Jul 31, 2013 READ MORE


Middle Out Economy

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Posted on Jul 31, 2013 READ MORE


Yes We Could. So Why Don’t We?

That hoary fable has it wrong. Frogs have the sense to hop out of heating pots. We Americans don’t. Degree by degree over decades, we’ve been scalded senseless. It is time to snap out of our stupor.

Posted on Jul 30, 2013 READ MORE


American Economic Diplomacy

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Posted on Jul 21, 2013 READ MORE


Detroit

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Posted on Jul 20, 2013 READ MORE


Energy Market Manipulation

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Posted on Jul 19, 2013 READ MORE



AP/Mark Lennihan

The Return of Lawrence Summers, Mr. Spectacular Failure

The guy who tops the list of those responsible for sabotaging the world’s economy is lobbying to be the next chairman of the Federal Reserve.

Posted on Jul 15, 2013 READ MORE



Photo by Marcin Wichary (CC-BY)

Corporate Citizenship a Dying Concept

The conviction is new that the exclusive purpose of the business corporation is to profit its professional managers and stockholders.

Posted on Jul 15, 2013 READ MORE



Shutterstock photo of a satellite dish.

How Cash Secretly Rules Surveillance Policy

Have you noticed anything missing in the political discourse about the National Security Agency’s unprecedented mass surveillance?

Posted on Jul 12, 2013 READ MORE


College Student Debt

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Posted on Jul 10, 2013 READ MORE



AP/Matt Rourke

The ‘B’ Word: Republicans Fan the Flames of Ageism

With millennials up for grabs and Democratic front-runners getting older, boomer bashing is all the rage in politics.

Posted on Jul 9, 2013 READ MORE



James Cameron Thinks Hollywood Studios Are Messing Up 3-D

“Avatar” was the international blockbuster that made 3-D movies commonplace in American multiplexes. Its director and multi-dimensional filmmaking’s leading evangelist, James Cameron, ought to be happy. He’s not.

Posted on Jul 9, 2013 READ MORE


Fed Chief Bernanke

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Posted on Jun 30, 2013 READ MORE


Border Security Industry

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Posted on Jun 25, 2013 READ MORE


Endless

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Posted on Jun 24, 2013 READ MORE


Crumbling Infrastructure

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Posted on Jun 23, 2013 READ MORE


Private Colleges

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Posted on Jun 21, 2013 READ MORE



Shutterstock photo of an American flag.

Is the Sky Falling?

Three heavyweight writers have concluded that America is in slow and inevitable decline.

Posted on Jun 20, 2013 READ MORE



AP/Google/Connie Zhou

The Terror Con

The name of the game is threat inflation, and no one has been better at it than the folks at Booz Allen Hamilton, the inventors of the new boondoggle called cyberwarfare.

Posted on Jun 18, 2013 READ MORE


Pay Equity

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Posted on Jun 11, 2013 READ MORE



Shutterstock photo of a road to nowhere.

ALEC Puts Utah on Top of ‘Rich States’ List

A new report from the corporate lobby would be laughable if it wasn’t being taken seriously by media outlets.

Posted on Jun 6, 2013 READ MORE



Shutterstock graphic of a crowd.

The Business of Standing in Line

Paying someone else to secure you a seat at committee hearings is a for-profit concern on Capitol Hill, but some people are worried it has weakened the influence of the public.

Posted on Jun 5, 2013 READ MORE


Credit

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Posted on Jun 3, 2013 READ MORE



Shutterstock image of virtual currency.

Prosecutors Use Patriot Act to Shut Down Virtual Currency Operator

Liberty Reserve, which, until Tuesday, operated a virtual currency that could be exchanged for cash, stands accused by the United States of laundering $6 billion in criminal funds.

Posted on May 28, 2013 READ MORE


Apple Avoids Corporate Taxes

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Posted on May 26, 2013 READ MORE


After Oklahoma Disaster, Give Thanks to Government

There is something troubling about government leaders initially implying—if subtly—that a nongovernmental response is as significant as a governmental one.

Posted on May 23, 2013 READ MORE


The Hook of Ambition

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Posted on May 22, 2013 READ MORE



Tumblr Is Worth $1.1 Billion to Yahoo for One Reason: You

Tumblr shunned advertising and earned the trust of its users, but Yahoo undoubtedly has other plans.

Posted on May 20, 2013 READ MORE


Wall St. Banks

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Posted on May 18, 2013 READ MORE



Shutterstock photo of tax forms.

How the IRS’ Nonprofit Division Got So Dysfunctional

The IRS division responsible for flagging tea party groups has long been an agency afterthought, beset by mismanagement, financial constraints and an unwillingness to spell out just what it expects from social welfare nonprofits, former officials and experts say.

Posted on May 17, 2013 READ MORE


European Economy

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Posted on May 11, 2013 READ MORE



WHO U.S. Mission/Eric Bridiers

Health Secretary Goes Begging to Insurance Companies

This is incredibly sad, outrageous or corrupt, depending on where you sit, but it is being reported that Kathleen Sebelius has been asking health insurers to help fund the implementation of the Affordable Care Act, also known as Obamacare.

Posted on May 10, 2013 READ MORE


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