The choice of the next Fed chairman will have a big impact on the U.S. and world economies. But President Obama appears tempted to pick a safe retread like former Treasury Secretary Larry Summers though some progressives hope his choice will be less beholden to Wall Street, as William Greider told Dennis J Bernstein.
Anti-government extremists of the American Right continue to insist that concern about global warming is some sort of “statist” plot as they block policies to address the worsening crisis and slash funds needed to respond to its effects like deadly wildfires, as Michael Winship explains.
The prevalence of low-wage jobs in the private sector and the scarcity of well-organized unions are among the explanations for America’s collapsing middle class. But the exploitation of cheap labor also extends into government jobs, as Bill Moyers and Michael Winship report.
Frustrated over negotiations for a stay-behind force of U.S. troops in Afghanistan, President Obama is now weighing the possibility of a faster withdrawal and a “zero option” on troops going forward. That may signal the belated recognition of twin American defeats in the Afghan and Iraq wars, says Beverly Bandler.
Many on the American Right say they’re strong Christians, but have bought into Ayn Rand economics which disdains government help for the poor and needy. Other Christians, like Sojourners’ Jim Wallis, see Jesus’s teachings enshrined in the Constitution’s commitment to the common good, writes Rev. Howard Bess.
From CNN to the Washington Post, the mainstream news media is abuzz about “the trifecta of scandals” besetting the Obama administration, a narrative that fails to assess the actual significance of the three “scandals.” They don’t measure up to the many important scandals that the media neglects, says Beverly Bandler.
In recent years, the Republican obsession with slashing the federal budget even at a time of high unemployment rested on the intellectual foundation of a study purporting to prove that government debt strangled economic growth. But that foundation crumbled when a computation error was revealed, as Beverly Bandler explains.
Focusing on issues like terrorism and austerity, the world has slid back toward neglecting the slow-grinding existential threat of global warming. A report card by an Establishment think tank offers poor grades on some of the most important subjects, reports ex-CIA analyst Paul R. Pillar.
Exclusive: At the heart of the new George W. Bush Presidential Library – and the Bush Family’s frantic efforts to rehabilitate its image – is a novel approach toward putting visitors on the spot by putting them in Bush’s shoes as he faced tough choices, a challenge that Robert Parry agrees to take on.
The U.S. government’s military spending excess — when compared with the rest of the world — is down somewhat due mostly to troop withdrawals from Iraq and Afghanistan but still accounts for 39 percent of the global total, according to a new international study, examined by Lawrence S. Wittner.