Economy

Will Holiday Splurge Save US Economy?

As the United States has de-industrialized over the past several decades, an illusion of prosperity was maintained by rampant consumerism fueled by easy credit and bubble economies. Now U.S. businesses are hoping for another fix from shoppers rushing to the malls, as Danny Schechter writes.

Gingrich, the Ultimate Beltway Bandit

Former House Speaker Newt Gingrich epitomizes the licentious lifestyle and lucrative cronyism that American conservatives claim to hate, yet he is the latest Republican presidential hopeful to soar into frontrunner status, as Michael Winship notes.

OWS Shatters the Political Frame

Former House Speaker Newt Gingrich and right-wing talk-show hosts are whipping up their supporters against Occupy Wall Street, while some Democrats support  the OWS goals but fear the backlash. However, poet Phil Rockstroh says this movement transcends traditional politics.

The Trashing of the People’s Library

Facts and the written word have long been enemies of injustice, as they are now with critiques that the economic game is rigged to concentrate money and power at the top. So, it was no surprise when the New York police raid on Occupy Wall Street trashed the “People’s Library,” Danny Schechter reports.

After the Zuccotti Park Raid

Driven from its iconic encampment in Lower Manhattan, the Occupy Wall Street movement struggled to recover its political footing – and find a new geographical center – but its success in changing America’s economic discussion can’t be doubted, says Danny Schechter.

The Assault on Occupy Wall Street

New York City police mounted a surprise nighttime raid on Occupy Wall Street at Zuccotti Park, forcing out protesters, removing tents and arresting about 150. The assault was the latest move by forces of a corrupt status quo against Americans opposing a dehumanized economic system, Phil Rockstroh writes.

The GOP’s Unasked ‘Religious’ Questions

In the Republican race, the hottest “religious issue” is the Mormonism of Mitt Romney and Jon Huntsman, which many commentators have ruled out of bounds. But there are broader issues of religion and politics that should be part of the presidential debate, says Rev. Howard Bess.

‘Occupy’ Protests at a Crossroads

Occupy Wall Street and related protests around the United States enjoyed surprising success in getting across a powerful message about economic inequality in America. But now the movement is at a crossroads both internally and externally, as Danny Schechter explains.

When Guns Defeat Butter

History is filled with cautionary tales about militarily powerful empires that collapsed because they spent far too much on guns over butter. The United States is now tempting a similar fate behind a ruling elite that uses fear and propaganda to maintain control, as Gary G. Kohls notes.

Looming Crisis of Climate Chaos

Amid the anti-science fervor on the American Right, Republican presidential contenders either shy from the worsening crisis of global warming or deny the problem exists. But the crisis of climate chaos is already spreading across the earth, warns Richard Lee Dechert.