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Tag: Money

House Speaker's Office

Power of the Big Idea

Conservatives are on a winning streak because they have a Big Idea that serves as an animating, motivating, unifying force. It happens to be a very bad idea, but it’s better than nothing—which, sadly, is what progressives have.

Posted on Jul 28, 2011 READ MORE

AP / Carolyn Kaster

Debt Madness Was Always About Killing Social Security

Republican hypocrites are out to settle ideological scores that have nothing to do with the debt they themselves ran up.

Posted on Jul 27, 2011 READ MORE

U.S. Marine Corps / Lance Cpl. Adam J. Root

War Is a Racket

“War is a racket,” wrote retired U.S. Marine Maj. Gen. Smedley D. Butler, in 1935. That statement, which is also the title of his short book on war profiteering, rings true today.

Posted on Jul 26, 2011 READ MORE

AP / Julie Jacobson

The American Scream: Going Hoarse Without Speaking

It is clear that nowhere in American commercial life, save perhaps the graveyard, is there a space not polluted by electronic voices.

Posted on Jul 24, 2011 READ MORE

World Economic Forum / Monika Flueckiger (CC-BY-SA)

Murdoch: The Emperor Has No Clothes

The big guy always knows what’s going on, which is part of how he got to be the big man (or woman).

Posted on Jul 20, 2011 READ MORE

AP / Pablo Martinez Monsivais

Sorry Elizabeth, Wall Street Said No

Obama’s gutless decision to abandon Elizabeth Warren comes after the president populated his administration with the very people who created the financial meltdown.

Posted on Jul 19, 2011 READ MORE

Surian Soosay (CC-BY)

Rupert Murdoch Doesn’t Eat Humble Pie

“People say that Australia has given two people to the world,” Julian Assange told me in London recently, “Rupert Murdoch and me.”

Posted on Jul 19, 2011 READ MORE

David Shankbone (CC-BY)

Why a Confirmation Fight Would Have Been Good for Warren, Obama and the U.S.

Fearing a tough confirmation fight, the president declined to nominate Elizabeth Warren to head the consumer protection agency she invented. That’s a shame, writes The Boston Globe’s Steven Syre, who argues that the next choice won’t get confirmed either, and at least a nominated Warren “could have ...” (more)

Posted on Jul 18, 2011 READ MORE

Why Did Congress Waste Six Months?

The House Republican strategy to link a normally routine increase in the nation’s debt limit with a crusade to slash spending has already had a high cost, threatening the nation’s credit rating and making the United States look dysfunctional and incompetent to the rest of the world.

Posted on Jul 17, 2011 READ MORE

AP / Mary Altaffer

We Can Live Without Leagues

If bad times bring out the best in ordinary people, sports labor brings out the worst in the privileged lives of owners and players.

Posted on Jul 17, 2011 READ MORE

David Salafia (CC-BY-ND)

I Missed My Chance to Pee on Rupert Murdoch

I first met Rupert Murdoch at the urinal in the men’s room. It was 1976 in an office building somewhere in Manhattan.

Posted on Jul 13, 2011 READ MORE

Flickr / borman818 (CC-BY)

Big Money Polices Itself

The Department of Justice has shied away in recent years from chasing down white-collar crime, relying instead on “deferred prosecution agreements,” which essentially have allowed companies, financial institutions especially, to investigate and report their own wrongdoing.

Posted on Jul 8, 2011 READ MORE

Illustration from a photo by Bayasaa (CC-BY)

No Fireworks for Cash-Strapped Cities

Here’s a Catch-22 for the tea party movement: Cities across the country are going without Independence Day celebrations this year due to budget cuts. We know how our tax-hating friends love to wave flags and celebrate the late 1700s, but somebody has to pay for all those explosives, and, more often than not, it’s us.

Posted on Jul 3, 2011 READ MORE

$4 Trillion for War—and Counting

Anyone paying attention to the costs of U.S. military action in Iraq and Afghanistan must have known that the president badly underestimated those numbers on June 22, when he told the nation that we have spent “a trillion dollars.”

Posted on Jul 1, 2011 READ MORE

Shining the Spotlight on the Corporate Pay Gap

As the deficit has exploded, incriminating facts have leaked out showing that many corporations pay more to their executives than they pay in taxes (and many firms pay no corporate income tax at all).

Posted on Jul 1, 2011 READ MORE

Phil Roeder (CC-BY)

Defending the Supremely Powerful

The United States Supreme Court now sees its central task as comforting the already comfortable and afflicting those already afflicted.

Posted on Jun 30, 2011 READ MORE

Illustration from a photo by Jeffrey (CC-BY-SA)

Tax-Dodging Amazon Drops California Partners abruptly ended its Associates Program for California residents Wednesday, cutting off roughly 10,000 individuals and small businesses, including this one, from a vital source of income with less than a day’s notice. Like a handful of states, California is trying to force Amazon to collect sales tax. (more)

Posted on Jun 30, 2011 READ MORE

WikiLeaks Has a New Commercial

The biggest threat to WikiLeaks isn’t the house arrest of Julian Assange or the militaries of frustrated world governments—it’s the financial blockade by PayPal, Bank of America, Visa and other institutions that has cut off $15 million in donations (by WikiLeaks’ estimate).

Posted on Jun 28, 2011 READ MORE

woodleywonderworks (CC-BY)

The Economy Is Bad Enough

With the nation struggling to recover from a devastating recession, unemployment stuck at crisis levels, financial markets spooked by the possibility of European defaults and consumers disinclined to consume, it makes no earthly sense to suck money out of the economy.

Posted on Jun 27, 2011 READ MORE

AP / Joseph Kaczmarek

Gone With the Papers

The increasing fusion of news and entertainment and the ruthless drive by corporations to destroy the traditional news business are leaving us deaf, dumb and blind.

Posted on Jun 27, 2011 READ MORE

Center for American Progress Action Fund (CC-BY-ND)

Gridlocking the Lives of the Jobless

Welcome to the miserable world of no-way-out politics. The economy needs another jolt, but Congress is in gridlock.

Posted on Jun 12, 2011 READ MORE

‘Patriotic Millionaires’ Want Higher Taxes

A group of millionaires is calling on Washington to raise taxes on the wealthy for the good of the economy (“Rich people are not the cause of a robust economy, they’re the result of a robust economy”) and their fellow Americans (“We shouldn’t be wallowing in our riches while everybody else is suffering”).

Posted on Jun 8, 2011 READ MORE

Playing With Default

The current puppet play in Congress—where Republicans sponsored a bill to raise the nation’s debt ceiling only because they wanted to vote it down—would be funny, if only they weren’t risking economic disaster.

Posted on Jun 5, 2011 READ MORE

AP / Lori Mehmen

The Sky Really Is Falling

The rapid and terrifying acceleration of global warming, which is disfiguring the ecosystem at a swifter pace than even the gloomiest scientific studies predicted a few years ago, has been confronted by the power elite with self-delusion.

Posted on May 30, 2011 READ MORE

AP/ Chris Pizzello

Exclusive: Ry Cooder’s ‘No Banker Left Behind’

The legendary musician tells Robert Scheer that his new album, including a song inspired by one of Scheer’s Truthdig columns, was written out of feeling frustrated, helpless and angry with current events.

Posted on May 26, 2011 READ MORE

Vermont, the Land of Healthy Firsts

This small New England state was the first to join the 13 Colonies. Its constitution was the first to ban slavery. It was the first to establish the right to free education for all—public education. This week, Vermont will boast another first: the first state in the nation to offer single-payer health care.

Posted on May 24, 2011 READ MORE

Mr. Fish

Why Liberal Sellouts Attack Prophets Like Cornel West

The liberal class, which attempted last week to discredit the words my friend Cornel West spoke about Barack Obama and the Democratic Party, prefers comfort and privilege to justice, truth and confrontation.

Posted on May 22, 2011 READ MORE

AP / Frank Franklin II

One Lawman With the Guts to Go After Wall Street

The fix was in to let Wall Street off the hook once and for all for its role in the Great Recession ... until last week when the attorney general of New York refused to go along.

Posted on May 17, 2011 READ MORE

AP / Pablo Martinez Monsivais

The Obama Deception: Why Cornel West Went Ballistic

The celebrated intellectual did 65 campaign events for Barack Obama and now nurses the anguish of the deceived, manipulated and betrayed. During their last personal encounter, West says, “I wanted to slap him on the side of his head.”

Posted on May 16, 2011 READ MORE

The Government: Credit Where Credit Is Due

Don’t expect to see a lot of newspapers and websites with this headline: “Big Government Bailout Worked.” But it would be entirely accurate.

Posted on May 8, 2011 READ MORE

U.S. Navy / Cryptologic Technician 1st Class Carl T. Jacobson

The High Cost of Cheap War

Nations will inevitably be more willing to use warfare as a foreign policy tool if they possess instruments limiting the cost of waging war.

Posted on May 6, 2011 READ MORE

Tough Enough

The performance of the president and those around him should permanently dispel the perennial right-wing slur against Democratic leaders as deficient in the strength and courage to defend our security.

Posted on May 6, 2011 READ MORE

It’s Good to Be a Koch

Robert Greenwald of Brave New Films wonders why the Koch brothers, with $42 billion and seven homes, are attacking the most vulnerable Americans.

Posted on May 5, 2011 READ MORE

AP / Jeff Chiu

Second-Class Students

In a recent interview, Oakland Unified School District Superintendent Tony Smith shared with me one of the most mind-numbing statistics I have ever heard.

Posted on May 2, 2011 READ MORE

Needed: A Better Ruling Class

A funny thing happened to the American ruling class: It stopped being concerned with the health of society as a whole and became almost entirely obsessed with money.

Posted on Apr 18, 2011 READ MORE

Budget Similarities

Posted on Apr 17, 2011 READ MORE

Jorge Andrés Paparoni Bruzual (CC-BY-SA)

Soaring Food Prices Drive Millions Into Poverty

Food prices shot up 36 percent in the last year, according to the World Bank, adding 44 million people to the ranks of the impoverished. For people who spend most of their money on food, it’s devastating when the price of maize, to take one example, goes up 74 percent as it did this year. (more)

Posted on Apr 14, 2011 READ MORE

At Last: A President, Not a Ref

President Obama has finally decided to take his own side in the philosophical struggle that is the true engine of this nation’s budget debate.

Posted on Apr 13, 2011 READ MORE

The Real Madness of March

Lowell Bergman is the rare skunk who regularly finds his way into the power elite’s garden parties. In his damning special now available on PBS’s “Frontline” website, viewers are shown the side of “amateur” athletics that’s almost never discussed inside the beery bubble of sports media.

Posted on Apr 8, 2011 READ MORE

Gage Skidmore (CC-BY-SA)

The Right’s War on Moderation

However the shutdown saga ends, the negotiating styles of the two sides ought to tell moderates that they can no longer pretend that the two ends of our politics are equally “extreme.”

Posted on Apr 6, 2011 READ MORE

romana klee (CC-BY-SA)

What The New York Times Doesn’t Understand About Taxes

Once again a New York Times article hinges on the numbers, and the numbers as reported are all wrong. This is becoming a disturbing pattern.

Posted on Apr 5, 2011 READ MORE

AP / Reed Saxon

This Is What Resistance Looks Like

The phrase consent of the governed has been turned into a cruel joke. There is no way to vote against the interests of Goldman Sachs. Civil disobedience is the only tool we have left.

Posted on Apr 4, 2011 READ MORE

Obama Addresses His Third Muslim War

The president made an effort Monday evening to explain, and perhaps to sell, his Libya strategy, saying “when our interests and values are at stake, we have a responsibility to act.”

Posted on Mar 29, 2011 READ MORE

AP / Jacques Brinon

The Collapse of Globalization

The last people who should be in charge of our food supply or our social and political life, not to mention the welfare of sick children, are corporate capitalists and Wall Street speculators.

Posted on Mar 28, 2011 READ MORE

Parents Behaving Badly

Lawsuit Mom Nicole Imprescia took a quintessentially American approach to raising her child. First, she paid someone else to handle the work for her. Then she sued to get the money back.

Posted on Mar 17, 2011 READ MORE

March of the Deficit Pandas

It’s possible to simultaneously worry about the debt and believe in an active and compassionate role for government. In fact, it’s required.

Posted on Mar 16, 2011 READ MORE

AP / Andy Manis

Power Concedes Nothing Without a Demand

Workers in this country paid for their rights by suffering brutal beatings, crippling strikes, targeted assassinations and armed battles with thugs hired by the Koch brothers of another time.

Posted on Mar 14, 2011 READ MORE

Hard Times and Homeless Kids

With the number of kids living below the poverty line closing in on 25 percent, homelessness and hunger are becoming normal for American children, as illustrated by this “60 Minutes” report.

Posted on Mar 11, 2011 READ MORE

What Wisconsin Can Teach Washington

Consider the contrast between two groups of Democrats, in Wisconsin and in the nation’s capital, and the reaction of voters.

Posted on Mar 10, 2011 READ MORE

Two Public Pay Standards, One Statement of Values

Decisions by bought-off elected officials highlight a larger corporatist ideology—one that says attracting the best and brightest to the “greed is good” financial industry is more important than attracting that work force to common-good endeavors.

Posted on Feb 25, 2011 READ MORE

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