Economy

Forgetting South Africa’s Triumph

South Africa’s heroic defeat of white supremacy made the country and its leader, Nelson Mandela, icons across the world. However, the nation’s neoliberal economic policies have left many South Africans struggling in poverty and growing despair, as Danny Schechter reports from Durban, South Africa.

A Land of Haves and Have-Nots

Like much of the U.S. news media, the Washington press corps likes a good diversion from the real problems facing the country, such as having to deal with new research confirming that the United States is dividing into a land of a few haves and many have-nots, a crisis that Michael Winship addresses in this guest essay.

How Greed Destroys America

Exclusive: New studies show that America’s corporate chieftains are living like kings while the middle class stagnates and shrivels. Yet, the Tea Party and other anti-tax forces remain determined to protect the historically low tax rates of the rich and push the burden of reducing the federal debt onto the rest of society, a curious…

Saudi Oil Muscle for Palestine

Despite Israel’s great political influence in Washington, the Obama administration may soon have to decide whether it will risk economic retaliation from Saudi Arabia by opposing Palestinian statehood in the United Nations. A Saudi cutback in oil production could send gas prices to $5 a gallon and sink the U.S. recovery, Lawrence Davidson writes.

Spain’s Challenge to Austerity

Though the anti-austerity protests in Greece have grabbed most of the international attention, a similar movement – rejecting neo-liberal economics and challenging the traditional political elites – has emerged in the much larger nation of Spain, as Danny Schechter observed during a recent visit.

Spain’s Growing ‘Indignation’ Protests

In protests from the Middle East to the American Midwest, people are confronting the question of whether societies should be organized for the benefit of the broad population or the wealthy elites. That question is being expressed perhaps most sharply in protests spreading across Europe, including Spain, reports Pablo Ouziel.  

Neocons Trade Medicare for War

Exclusive: The American neocons are again on the upswing as they undercut peace initiatives from the Obama administration and gain Republican support for maintaining massive Pentagon spending, in exchange for limiting senior citizens’ access to Medicare. As Robert Parry reports, the neocons can now see the light at the end of the tunnel for their restoration…

GOP Rejects Global Warming Threat

As a current article of political faith, Republican leaders decry the science on global warming as ”junk” or a left-wing conspiracy. Even as temperatures rise around the planet and new weather patterns threaten food supplies, the GOP and its right-wing alllies refuse to face the frightening new reality, as Michael Winship notes.

Skating to the Financial Abyss

Even as another potential Great Depression looms, the U.S. political/media system seems incapable of addressing the crisis and devising coherent answers. Instead, the old partisan and lobbying games dominate the political world and obsession with trivia commands the news media’s focus, Danny Schechter writes.

Asian Alliance Supplants US Empire

While Official Washington grapples with how slowly to draw down troops in Afghanistan – and debates whether to complete the pullout from Iraq by year’s end – a new alliance of Asian states is expanding into the vacuum left by America’s decaying empire. By mid-June, the Shanghai Cooperation Organization may represent more than half the…