Mitt Romney, who wants talk of income inequality confined to “quiet rooms,” admits he’s spent the last decade living mostly on investments and paying less than half the taxes that would apply to a salary, just one more example of why the rich keep getting richer, as Bill Moyers and Michael Winship observe.
President Obama postponed a military exercise with Israel out of concern that Prime Minister Benjamin Netanyahu was drawing the U.S. into war with Iran, Gareth Porter and Jim Lobe reported. Obama took the step despite pressure from Republicans and Congress to line up behind Israel’s desires.
Mitt Romney and other Republican presidential hopefuls (with the exception of Ron Paul) are touting tough-guy global strategies that sound like George W. Bush, circa 2002. But recent public opinion polls suggest that Americans are leery of new neocon adventures, Lawrence S. Wittner reports.
Still under powerful neocon influence – and fearing the old “soft on terror” label – Congress has blocked President Obama’s efforts to close “the gulag at Guantánamo,” forcing Obama to retreat from his promise to Americans and an outraged world, as Marjorie Cohn notes.
The Standard & Poor’s rating agency has downgraded European countries in a move that may force the governments to crack down more on their populations and divert more money to wealthy investors, thus helping the super-rich short-circuit what’s left of democracy, Danny Schechter reports.
Exclusive: The Republican presidential race has taken a detour into the “class warfare” that the party supposedly despises, with Newt Gingrich and Rick Perry tagging Mitt Romney as an elitist who got rich by laying off workers. But this spat misses the larger point of what the Right is doing to America, writes Robert Parry.
Exclusive: Rep. Ron Paul and other right-wingers have lured many average Americans into their camp by creating a false narrative about America’s Founding, claiming that the drafters of the Constitution wanted a weak central government. But that’s not the real history, Robert Parry writes.
Exclusive: The murder of a fifth Iranian scientist on the streets of Tehran had all the earmarks of an Israeli-sponsored assassination. The killing also worsened tensions at a moment when the momentum toward war with Iran seems unstoppable, reports Robert Parry.
As Wall Street bankers and hedge funds deploy powerful computers in “high-frequency trading” – siphoning off capital meant for productive purposes – one counter-measure would be a “financial transaction tax” to discourage the practice and raise needed revenue, a plan gaining traction in France, reports Jeff Cohen.
Exclusive: Republican presidential contender Rick Santorum is denying his slur about “black people” and “somebody else’s money” with absurd claims that the recordings of his quote aren’t accurate, now getting a sympathetic hearing from a New York Times reporter, writes Robert Parry.