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$21.50
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By Deanne Stillman
$24.99
$17
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A look at the day’s political happenings, including the government’s pending legal action against S&P and Joe Scarborough becomes the latest conservative to smack down the NRA.
Posted on Feb 4, 2013
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Photo illustration from an image by Colin Grey (CC-BY)
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This week on Truthdig Radio in association with KPFK: The great Internet switch-off; the ACLU vs. jailhouse abuse; S&P’s downgrade mania; Robert Scheer on the election, and Chris Hedges discusses his lawsuit against the president.
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This week on Truthdig Radio in association with KPFK: The great Internet switch-off; the ACLU vs. jailhouse abuse; S&P’s downgrade mania; Robert Scheer on the election, and Chris Hedges discusses his lawsuit against the president.
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AP / Margarethe Wichert / dapd
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By Nomi Prins — The markets weren’t shocked by last week’s wave of pre-broadcast S&P sovereign debt downgrades. For months, the question wasn’t “if” but “when.” And true to form, just as with the U.S. downgrade, S&P’s reasoning skated the surface of prevailing wisdom.
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Flickr / SimplySchmoopie (CC-BY-SA)
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Traditionally, the holiday season brings good tidings for the stock market, too. There’s even something called “the Santa rally,” we learned from this Wall Street Journal article. Neat! But this year, with trouble on the European front and the ongoing recession (yes, that reads “recession”) at home, there may be less to look forward to, or so market forecasters fear.
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Richard Newton (CC-BY)
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The same ratings firm that held the United States hostage to its debt demands and gave the thumbs up to toxic mortgage assets is again in the news for bungling things. Standard & Poor’s accidentally announced a downgrade Thursday of France’s AAA credit rating.
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By Joe Conason — Sen. Al Franken, D-Minn., is disturbed by the monopolistic power of the ratings agencies—and still determined to curb their abuses, as he tried to do last year with an amendment to the Dodd-Frank banking reform bill.
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Julien GONG Min (CC-BY)
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By Eugene Robinson — There is one good reason to downgrade the United States’ credit rating, but S&P, whose credibility was already spent after the housing meltdown, gave a host of largely bogus explanations for its actions.
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White House / Pete Souza
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Standard & Poor’s, one of those ratings agencies that made a living signing off on toxic assets, has once again thrust itself into the spotlight by downgrading Uncle Sam’s credit outlook from “stable” to “negative.” As a consolation prize, S&P let us keep our AAA rating.
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Does Anything Change in Los Angeles With Election of New Mayor?
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