Economy

Worshipping Materialism at Christmas

The prevailing view on Fox News is that everyone in America, regardless of his or her religious beliefs, must join in the lavish and lengthy celebration of the birth of Jesus – or be accused of warring on Christmas. But the real assault on Jesus’s teaching comes from gross materialism, says Lawrence S. Wittner.

A Shot for a Possible New World

Exclusive: President Obama’s reelection – perhaps even more than his first victory – marks a potential shift in the political and economic structure of the United States, as the old white ruling elite loses its grip. There is even a chance for revolutionary change, says Morgan Strong.

Vermont Nuke Case Cites Risks

Aging nuclear power plants present increasing risks to the U.S. environment, because of possible catastrophic events like the one that hit Fukushima, Japan, and storage problems with nuclear waste. A trespassing case in Vermont raised some of these questions, reports William Boardman.

WalMart’s Tears for a Tragedy

Exclusive: On Saturday, a fire swept through a garment factory near Dhaka, Bangladesh, killing some 120 workers trapped behind locked doors. WalMart, one of the factory’s clothes buyers, quickly distanced itself from the tragedy, but WalMart’s profiting from sweatshops is a long-term pattern, writes Barbara Koeppel.

Ignoring the Global Warming Reality

Even as the science – and reality – of global warming becomes painfully clear, some of the U.S. political/media class pretends it’s all a myth and that the important thing is to “drill, baby, drill.” But that rejection of empirical data is being challenged by international groups and grassroots movements, notes William Boardman.

Ron Paul’s Appalling World View

Exclusive: There was buzz on the Internet after libertarian Ron Paul delivered what was billed as his final address in Congress. But his near-hour-long speech sounded more like the ramblings of a right-wing crank than the coherent thoughts of the principled idealist that his fans rave about, writes Robert Parry.

Biblical Economics

An irony of modern politics is that many conservative Americans view themselves as devout believers in the Bible yet they ascribe to right-wing, dog-eat-dog economic theories that Jesus and other Biblical figures would condemn. The contradiction has pushed Biblical economics out of mainstream debate, says Rev. Howard Bess.

US Nuke Plants’ Flooding Risks

Thirty-four U.S. nuclear plants sit downriver from dams whose collapse could cause a nuclear accident along the lines of the Fukushima disaster in Japan. But the Nuclear Regulatory Commission has withheld evidence of the threat, writes William Boardman.

Obama’s Challenge at Treasury

With Treasury Secretary Timothy Geithner planning to step down, President Obama is faced with an important appointment. Much of Official Washington wants a “deficit hawk,” but Obama and the country would be better served by someone who cares more about recovery than austerity, says Beverly Bandler.

Death Knell for a Failing Paradigm

The death and destruction from Super Storm Sandy – this time inflicted near the U.S. power center of New York City – are warnings of what’s in store if the global-warming deniers continue to obstruct action. Future devastation will shatter the creaky framework of modern civilization, says Phil Rockstroh.