Category: Economy

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Betting on the Wall Street Crash

Exclusive: The 2008 Wall Street crash resulted from a combination of unrestrained greed and political contempt for government regulators who might have prevented the devastation. In The Big Short, the tale is told from the perspective of a few players…

Panicked Over the Trump Phenomenon

America’s conservative establishment is in panic mode as renegade billionaire Donald Trump continues to dominate the Republican presidential race and thumb his nose at the GOP donor class, which is alarmed that all its money might not dictate the outcome…

Merkel’s Power Shaken by Refugee Crisis

German Chancellor Angela Merkel, Time magazine’s “person of the year” in 2015, is facing her biggest political crisis as her welcoming of Mideast refugees has troubled and angered many Europeans, raising the possibility that Merkel’s days as the Continent’s undisputed…

Toward a More Subtle US Foreign Policy

Largely because Israel’s right-wing government now considers Iran the great enemy and has a fonder view of Saudi Arabia, U.S. politicians and media have followed that lead, decrying Iranians and tolerating Saudis, but such simplistic thinking does not serve American…

MLK’s Warning of America’s Spiritual Death

From the Archive: A year before his death, Rev. Martin Luther King Jr. broke with many political allies by warning that the Vietnam War was inflicting a “spiritual death” on America, casting King outside mainstream opinion circles which called his advice naive…

The Battle over Dr. King’s Message

From the Archive: Martin Luther King Day is a rare moment in American life when people reflect on the ideals that guided Dr. King’s life and led to his death. Thus, the struggle over his message is intense, pitting a bland…

The Clintons’ Cheap Shot at Sanders

Seeing the polls tighten, Hillary Clinton’s campaign has gone on the attack against Sen. Bernie Sanders over his support for Medicare for all, accusing him of seeking to destroy Obamacare (though he voted for it). It’s a deceptive assault, say…

Will Reckless Saudis Seek War with Iran?

Exclusive: Under growing economic and political pressure, the new Saudi leadership is showing a dangerous impulse toward military interventions, raising prospects for a direct and destructive confrontation with its regional rival Iran, writes Daniel Lazare.

GOP Reaps What Was Sown

Since the 1960s, the Republican Party has sought out and corralled the angry white vote which was back-lashing against the civil rights movement and black progress. But now that disaffected base is turning on the wealthy GOP elites and no…

Chavismo’s Sturdy Legacy

Exclusive: Right-wing parties are staging a comeback in Latin America, with the most dramatic victory in Venezuela’s parliamentary elections. Yet, despite troubled leftist regimes facing weak economies and corruption charges, their social reforms have slashed poverty and appear safe for now, writes Andrés Cala.