Economy

Slaughter of the Innocents

Americans are grieving over the 20 schoolchildren and six teachers mowed down in Newtown, Connecticut, by a deranged gunman with a semi-automatic assault rifle. But national grief may not be enough to overcome the cold calculations of profit and politics, says Danny Schechter.

Congressmen Eye Revolving Door

Outgoing members of Congress – even as they consider legislation in the lame-duck session – are preparing their exits through the revolving door to lucrative lobbying jobs, often with industries they assisted while doing the “people’s business,” as Bill Moyers and Michael Winship explain.

The Right’s ‘Limited Government’ Scam

Exclusive: Libertarians and Tea Partiers pretend they are the only Americans who believe in “limited government” as envisioned by the Framers, but that is a false conceit. The real history is that Madison and Washington devised a Constitution with broad powers to promote the “general Welfare,” says Robert Parry.

Japan’s Vote Shows Economic Anger

It may appear that Japanese voters have opted for a “back-to-the-future” election, reinstalling Shinzo Abe and his once-dominant Liberal Democratic Party to power. But the move reflects a desire to move forward out of Japan’s economic rut, says ex-CIA analyst Paul R. Pillar.

Murdoch Seeks Help from Team Obama

Since the 1980s, Rupert Murdoch has built his U.S. media empire in close collaboration with the Republican Party, trading the his public influence  for favorable regulatory treatment from GOP politicians. But now he is hoping for some help from President Obama’s regulators, say Bill Moyers and Michael Winship.

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.