Comparisons between post-2008 America and the economic quagmire of the 1930s have been circulating for years, but a new study out of the London School of Economics sets the country back even further -- and moves the decimal point back a couple of spaces on the 1 percent to highlight an even smaller and richer demographic.
Operation Protective Edge has resulted in the deaths of more than 1,400 Palestinians in recent weeks, compared with 56 Israeli soldiers and four civilians. It's long past time for Israel to consider a two-state solution, stop the creeping encroachment of the occupation, and end a blockade that "ensures that ever more Palestinians grow up angry," The Economist writes.
Before it will be judged a historic success, Obamacare has more hurdles to clear.
Ecuadorean President Rafael Correa responded to recession in his country with increased spending on education, health care and infrastructure, and the economy is rebounding fantastically.
“For the past 35 years, the world’s largest financial institutions and most Western governments have worked to strip away all obstacles to the free flow of money from country to country,” and the results have been disastrous, the New Economics Foundation reports.
Romney's campaign is benefiting from racism among voters; Catalonia's cry for independence is inspiring violent threats from Spanish institutions; meanwhile, "Fifty Shades of Grey's" immense popularity reflects the modern sexual condition. These discoveries and more after the jump.
Think tanks such as the Cato Institute and the Tax Foundation like to cherry-pick tax data to claim that the rich pay more than their fair share But a broad look at taxation shows it’s not true, a writer at The Economist saysThe Cato Institute and the Tax Foundation like to cherry-pick tax data to claim that the rich pay more than their fair share.
All of us here at Truthdig are honored to announce that we've won the Webby Award jury prize for this year's Best Political Blog The fact that our fellow nominees included sites we visit daily like The Huffington Post, The Economist, The New Yorker and The Atlantic (continued).
So, Time and Newsweek have had to reinvent themselves in the face of flagging circulation numbers and built-in relevance issues (i.e., they were created at a time when there were too many newspapers, crazy as that sounds now), but as The Atlantic's Michael Hirschorn notes, there's one weekly news digest that's going strong while others falter.
Many in Britain and the United States are in mourning for what's taken as the suicide of the American (or Thatcherite, or Chicago-school) model of capitalism, accompanied by the non-interventionist state that hands the national economy over to business and financial leaders to run.