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Tag: Money

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

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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



The Laird of Oldham (CC-BY)

Britain to Seize Gadhafi’s Billions

The British treasury suspects that Col. Moammar Gadhafi and his government have more than $30 billion stashed in the U.K., and British authorities are prepared to seize those assets in an effort to force the dictator to step down.

Posted on Feb 24, 2011 READ MORE



Illustration from Mr. T in DC

The FCC, Net Neutrality and the Future Enrons of the Internet

Apparently having learned nothing from its failure to rein in Enron, Lehman Brothers, Bear Stearns and the rest, Congress is pushing to deregulate Internet service providers.

Posted on Feb 24, 2011 READ MORE



Daniel X. O'Neil (CC-BY)

Rahm Emanuel, the Next Mayor of Chicago

President Obama’s former chief of staff will take his talents—and epithets—to Chi-town. Rahm Emanuel, who took so much money from the financial industry that David Sirota labeled him a “Financial Industry Cyborg,” scored an impressive victory in Chicago’s mayoral race, despite the fact that he moved back only when he decided to run.

Posted on Feb 23, 2011 READ MORE


Unintended Consequences

House Republicans voted to increase the number of abortions, raise federal health care costs and swell the welfare rolls.

Posted on Feb 23, 2011 READ MORE



AP / Mark Lennihan

Huffington’s Plunder

The sale of The Huffington Post to AOL for $315 million, and the tidy profit made by principal owner and founder Arianna Huffington, who was already rich, is emblematic of the new paradigm of American journalism.

Posted on Feb 21, 2011 READ MORE



Flickr / Dan Edelstein

House Blocks Funds for FCC Net Neutrality Rules

House Republicans have succeeding in amending a spending bill to deny the FCC money to implement new (and heavily gutted) network neutrality regulations. That’s right: banning a government agency from using government money to do government work.

Posted on Feb 18, 2011 READ MORE



How the Democrats Killed Roosevelt’s Dream of the Affordable Home

The following excerpt from Robert Scheer’s book “The Great American Stickup” details the perversion of Fannie Mae and Freddie Mac.

Posted on Feb 18, 2011 READ MORE



nosha (CC-BY-SA)

Goldman Sachs Under Pressure to Return $2.9 Billion Windfall to Taxpayers

Critics of the financial chop shop, of which there are many, would like to see Goldman Sachs return billions in taxpayer dollars paid out to cover a $20 million bet. The huge payout was passed through AIG, orchestrated by then-Chairman Timothy Geithner’s New York Fed, and publicized by the Financial Crisis Inquiry Commission.

Posted on Feb 16, 2011 READ MORE


Reagan’s Democrats

As we mark the centennial of Ronald Reagan’s birth, one of our major political parties has become imbued with the Gipper’s political philosophy and governing style. I mean the Democrats, of course.

Posted on Feb 8, 2011 READ MORE



Giorgio Monteforti (CC-BY)

How to Be a Billionaire

All you have to do to be a billionaire is to have an idea. John A. Paulson had an idea, and in 2010 his idea made him $5 billion. (more)

Posted on Feb 1, 2011 READ MORE



AP / Ben Curtis

What Corruption and Force Have Wrought in Egypt

Our failures in the Middle East have consequences. We are soaked with the stench of these regimes.

Posted on Jan 31, 2011 READ MORE


From Quality to Quantity—and Maybe Back Again

Amid last week’s flood of business news, one story stood out as reason to hope for more than just a momentary uptick in your 401(k): Apple, you may have heard, announced record first-quarter profits.

Posted on Jan 28, 2011 READ MORE


Cow Most Sacred: Why Military Spending Remains Untouchable

In defense circles, “cutting” the Pentagon budget has once again become a topic of conversation. Americans should not confuse that talk with reality.

Posted on Jan 27, 2011 READ MORE


Barack Obama: Paradoxical Whig

Be ready for the paradoxical phase of Barack Obama’s presidency. Many things will not be exactly as they appear.

Posted on Jan 26, 2011 READ MORE


Vermont Weighs Constitutional Amendment to Ban Corporate Personhood

On the anniversary of the Citizens United decision, Vermont politicians are moving to deny corporations the rights that humans enjoy.

Posted on Jan 25, 2011 READ MORE


Meat-Cleaver Budgeting

Republicans who feign attacks of the vapors and fainting spells over the big, scary deficit would be more convincing if they didn’t begin with the insane premise that defense spending should be sacrosanct.

Posted on Jan 24, 2011 READ MORE


Is America Too Corrupt to Keep Up?

As “Buy China” policies now economically supercharge the world’s most populous nation, the White House and congressional Republicans have opposed many of the very “Buy America” proposals that might help us keep up—and that obstruction has come at a steep price.

Posted on Jan 21, 2011 READ MORE


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