Economy

Life in an Age of Looting

The ugly scenes of rioting and arson in Great Britain are a preview of the societal breakdown that can be expected from today’s staggeringly inequitable economic/political system, where stock-market sharpies get away with plundering pension funds but the poor get nailed for looting consumer goods, observes Phil Rockstroh.

Wisconsin GOP Hangs onto Senate

Exclusive: Wisconsin Republicans lost two Senate seats in recall elections Tuesday but won four others to keep control of the state Senate – and they have a chance to oust two Democrats next week. But the two Democratic victories prove the potential of grassroots organizing, says Lisa Pease.

US Lost Its Way from Omaha Beach

Exclusive: Visiting Omaha Beach and the nearby American cemetery of World War II dead recalls a moment in time when the United States sacrificed to stop a global epidemic of madness. But Robert Parry discovered that those memories also underscore how the United States has since lost its way.

Negotiating with Hostage-Takers

One enduring lesson of the Reagan administration is that it makes no sense to negotiate with hostage-takers; they only take more hostages. That is a lesson that President Barack Obama and the Democrats must learn in dealing with the today’s right-wing  Republicans, writes Michael Winship.

Spain’s Battle Against ‘Austerity’

Western governments are stepping up their demands for public “austerity” hitting the middle and lower classes, even as extravagance remains the watchword for Wall Street and the rich. In Spain, a determined movement of “indignados” has emerged to challenge this political/economic dynamic, Pablo Ouziel reports.

‘Dog Days’ for US Economy

The debt-ceiling crisis has revealed that Republicans have found a valuable hostage and Democrats have shown they will pay the ransom. So, the prospects that the federal government will address other problems, like joblessness and a staggering middle class, are even dimmer, as Danny Schechter notes.

Beyond the Debt Limit Fiasco

The dispiriting battle over the debt ceiling has set many to wondering how America’s profoundly dysfunctional political/media system can and must be overhauled to serve the interests of the broad population, not just the privileged elites and their deluded defenders. Poet Phil Rockstroh addresses that dilemma.

Obama on the Backs of the Poor

Exclusive: The painful resolution of the debt-ceiling crisis shows that Republicans and the Right know how to play hardball – and that the Democrats and President Barack Obama know how to get rolled. Former CIA analyst Ray McGovern is thinking about other options.

The GOP War on the Environment

An article of faith on the American Right is that the “free market” can solve pretty much all problems and the government should simply get out of the way. After the debt-limit crisis, the Republicans turn to the environment, writes Don Monkerud.

Wrestling Over the Debt Ceiling

As Republicans threaten to throw the U.S. economy into a new crisis by not raising the debt ceiling, Democrats have given ground time and again, erasing one line in the sand after another. But is this self-inflicted crisis real or just another political game, asks Danny Schechter.