Economy

Some Ultra-Rich Abandon Obama

Some of the ultra-rich who backed Barack Obama in 2008 are switching to Mitt Romney in 2012 because the President has called for closing tax loopholes that allow hedge-fund and private-equity billionaires to pay lower tax rates than working stiffs, Bill Moyers and Michael Winship write.

Are Drugs Behind Dementia Epidemic?

Millions of Americans, when facing depression or even just anxiety, turn to powerful psychiatric drugs marketed by pharmaceutical giants, whose ads gloss over the risks in fast-talking fine print. A counter-movement warning of the dangers from an over-prescribed society is emerging, as Gary G. Kohls describes.

Botox of Late-Stage Capitalism

As America’s Great Middle Class crumbles, the Rich are again grasping for every possible regulatory rollback and tax cut, all the better to fund some final bacchanal of late-stage capitalism, a well-catered cocktail party of aging men and women wearing the false face of Botox, as poet Phil Rockstroh observes.

Behind Another Rampage Massacre

Exclusive: Work-place and college-campus slaughters have become a regular feature of America’s harsh economic landscape the past few decades, as Ayn Rand-style policies sharply divide the nation into a few heroic “winners” and many hapless “losers,” a factor Mark Ames examines in the latest college bloodbath.

Big Banks Invest in Congress

Less than four years after precipitating a devastating financial crisis – and getting bailed out by taxpayers – the big banks are looking to Election 2012 as a chance to roll back even modest reforms, like the Volcker Rule, that reined in Wall Street gambling, as Bill Moyers and Michael Winship explain.

Time to ‘Occupy’ the IRS?

As Americans struggle with their tax returns, they are reminded how skewed the tax system has become, with multi-millionaires who live off investments paying a lower rate that middle-class people who go to work every day, a situation that Danny Schechter says deserves protest.

GOP Five Like Stripping Americans

Exclusive: The Supreme Court’s GOP Five just finished a run as brave libertarians protecting Americans from President Obama’s health-care reform, but now are back to their usual role as defenders of abusive state power, allowing strip searches of anyone arrested for anything – and perhaps particularly protesters, reports Robert Parry.

The Founders’ ‘Musket Mandate’

Exclusive: The negative tone of the Republicans on the U.S. Supreme Court suggests that the Affordable Care Act, with its individual mandate to buy health insurance, may be overturned as “unconstitutional” by a partisan 5-4 vote. But key Founders had a less hostile view toward mandates in 1792, as Robert Parry reports.

At 50, Cesar Chavez’s UFW Legacy

A half century after Cesar Chavez founded the United Farm Workers, the people who harvest America’s crops remain under pressure from harsh working conditions and draconian immigration laws. In an interview with UFW President Arturo Rodriguez, Dennis J. Bernstein discusses Cesar Chavez’s legacy and the battles ahead.

TV Stations Resist Listing Ad Buyers

Among the “winners” in Election 2012 will surely be the giant corporations that own many U.S. television stations as they rake in billions of dollars in SuperPAC and other political spending for attack ads. But these stations aren’t eager to make these details easily available to the public, write Bill Moyers and Michael Winship.