Tag Archive for Wall Street

Dim Tidings of Political Disconnect

The insertion of false narratives is a powerful way to control populations, a technique that today’s American Right has perfected in persuading much of the population that global warming is a hoax and “the market’s invisible hand” is real,  a dilemma of the human condition addressed by poet Phil Rockstroh.

Lessons from Gov. Walker’s Win

Exclusive: Wisconsin Gov. Scott Walker, the new rock-star of the Republican Right, rode a wave of corporate money and anti-union sentiment to a recall victory. But his win could wake up progressives to the need for more media outreach to educate citizens on the dangers of unchecked corporate power, writes Robert Parry.

New Voice for Jailing Bank Execs

In a new book, Predator Nation, Charles Ferguson (who directed the Oscar-winning film “Inside Job”) says banking executives implicated in the fraud that devastated the economy in 2008 should go to jail, a position applauded by Danny Schechter, who has long advocated the same.

Botox of Late-Stage Capitalism

As America’s Great Middle Class crumbles, the Rich are again grasping for every possible regulatory rollback and tax cut, all the better to fund some final bacchanal of late-stage capitalism, a well-catered cocktail party of aging men and women wearing the false face of Botox, as poet Phil Rockstroh observes.

Seeking Justice for Wall St.’s Victims

International agencies and global movements target human rights violators from small or isolated countries, but the idea of holding accountable the powerful and well-connected who cause much greater human suffering is considered unthinkable, a paradigm that Danny Schechter challenges.

Financial Magic Thinking Dies Hard

Since the early supply-side days of Ronald Reagan, the Right has pretended that slashing taxes on the rich will generate extra revenue, thus more than paying for itself. The reality has turned out differently, but Michael Winship says that hasn’t changed the determination to bend reality to politics.

The ‘Winners’ Take Everything

Exclusive: Many Americans still wonder how it happened, how did a country admired for its Great Middle Class, which sustained strong democratic institutions, end up with Third-World-style wealth inequality and a democracy to match? In reviewing Winner-Take-All Politics, James DiEugenio seeks an answer.

Wall Street Parties On

Police have cleared out most Occupy Wall Street encampments around America, but no one is stopping the ultra-rich from partying on with the trillions of dollars in bailout help from the feds and the Fed, as Bill Moyers and Michael Winship observe.

Sundering the Social Contract

In political philosophy, the idea of a social contract is that the individual surrenders some rights for the benefits of living in a civilized society that has reasonable rules for all. However, in recent decades, the greedy rich have torn up that contract, as Danny Schechter explains.

Can Financial Markets Avoid Collapse?

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.