Category: Economy

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The One Percent’s Great Escape

Mr. Moneybags from the "Monopoly" game

F. Scott Fitzgerald once wrote that the rich “are different from you and me,” which remains true today except now they don’t even want to be around regular people, seeking more and more remote locations to escape from the increasingly…

What Syriza’s Victory Means for Europe

Alexis Tsipras, leader of Greece's Syriza party. (Photo credit: FrangiscoDer)

Exclusive: The Greek election of the left-wing Syriza party sent shock waves across Europe with establishment parties fearing more populist resistance to years of austerity and to putting bankers first. The question now is whether European voters will follow Syriza’s lead, says Andrés…

Why FDR Matters Now More Than Ever

President Franklin Delano Roosevelt at a press conference.

On the 133rd anniversary of his birth, Franklin Roosevelt remains a relevant figure for America, the president who gave meaning to the Constitution’s mandate to “provide for the general Welfare” — and who is still a target for those who made…

China’s Drive for a ‘New Silk Road’

China's President Xi Jinping.

As the United States lets its national infrastructure decay, the Chinese are pressing ahead with ambitious plans to construct a “New Silk Road” to expand commercial and diplomatic ties to Central and Southeast Asia, report Flynt Leverett, Hillary Mann Leverett…

Backdoor Scheme Against Net Neutrality

internet-address

With public opinion solidly behind Net Neutrality and the Obama administration prepared to safeguard it the Republican Congress has come up with a scheme to sabotage those regulatory protections, as Michael Winship explains.

A Congress that Disdains Science

The image of the Earth rising over the surface of the moon, a photograph taken by the first U.S. astronauts to orbit the moon.

America, the world’s superpower, is becoming a country disconnected from evidence and reality with the Congress now controlled by a Republican Party that has assigned anti-science zealots to run committees responsible for addressing environmental dangers including the threat from global warming,…

Flattering the Dead Saudi King

U.S. Secretary of State John Kerry delivers a greeting from President Barack Obama during a meeting with King Abdullah of Saudi Arabia in Riyadh on November 4, 2013. [State Department photo/ Public Domain]

Though Saudi King Abdullah was a repressive leader at home who contributed to political and sectarian violence across the Middle East, his death is mourned by Western leaders who were dependent on his vast ocean of oil and his vaults…

Obama’s Modest Proposals

Housing and Urban Development Secretary Julian Castro, Secretary of State John Kerry, Treasury Secretary Jack Lew, and Energy Secretary Earnest Moniz applaud as President Barack Obama enters the House Chamber prior to delivering the State of the Union address in the Capitol in Washington, D.C., Jan. 20, 2015. (Official White House Photo by Pete Souza)

President Obama struck a folksy tone during his State of the Union address, but there wasn’t much substance for the average folks and even his fairly modest proposals for helping the middle class face determined GOP opposition as Michael Winship…

The Anti-Empirical Empire

New York Times graphic based on data from NASA and the National Oceanic and Atmospheric Administration.

In many ways, America has become the anti-empirical empire, a superpower where many political leaders divorce themselves from facts. Few examples are more glaring or dangerous than the continued denial of global warming despite the latest evidence of impending catastrophe,…

Risky Blowback from Russian Sanctions

Russian President Vladimir Putin addresses a crowd on May 9, 2014, celebrating the 69th anniversary of victory over Nazi Germany and the 70th anniversary of the liberation of the Crimean port city of  Sevastopol from the Nazis. (Russian government photo)

Today’s American foreign policy “elite” rarely thinks through the dangerous consequences of its “tough-guy” actions, including its new plan to provoke economic and political chaos in nuclear-armed Russia, a “strategy” that is also spreading pain and disorder to Europe, as…