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.
U.S. political journalists love to cover the horse race of presidential politics – focused on polls and gaffes – while usually obscuring the nation’s actual problems and how the candidates and their proposals relate to this real world, as Danny Schechter notes.
For many people around the world, 2011 was a very tough year, as millions lost jobs, suffered foreclosures and faced austerity, while the rich did fine and corporations hoarded trillions of dollars in cash. But there were glimmers of hope in the emergence of resistance, writes Danny Schechter.
The Western news media reacted to the deaths of two international figures, Czech Vaclav Havel and North Korean Kim Jong-il, by presenting comic-book cut-outs of the two men, following simplistic story lines that missed the more nuanced reality, writes Danny Schechter.
Three months into the Occupy Wall Street movement, protesters took their message uptown in a march that surprised the police and many Christmas shoppers, but helped explain what the economic crisis means to average people, writes Danny Schechter.
The world’s financial system continues to teeter near a very nasty brink, with the United States and Europe disagreeing about how to pull back from the edge. Danny Shechter sees crisis, crisis, everywhere.
Some of our special stories in November explored the meaning of the Occupy Wall Street protests, examined the new case for heightened tensions with Iran, explained some lost history of Richard Nixon and J. Edgar Hoover, and more.
In the same Kansas town where Teddy Roosevelt castigated his era’s financial speculators 101 years ago, President Barack Obama spoke to the concerns of America’s 99 percent, those who have struggled while the super-rich prospered. But is Obama’s new rhetoric just talk, asks Danny Schechter.
Despite a lack of policy prescriptions, Occupy Wall Street dramatized the crisis of income inequality in America. Now, Danny Schechter says the challenge for the movement is to expand on that message with outreach to the broader national population.
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.