Category: Economy

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Making Money the Measure of Politics

U.S. Chief Justice John Roberts.

U.S. pundits decry countries like Iran as undemocratic for having a screening process for candidates to high office. But U.S. politicians must pass muster with wealthy donors to be considered serious candidates, a system that the Supreme Court just made worse, says Lawrence Davidson.

Misunderstanding Jesus’s Execution

Jesus, driving the money-changers from the Temple, in a painting by El Greco.

From the Archive: Over the centuries as Christianity bent to the interests of the rich and powerful, the story of Jesus’s fateful week in Jerusalem was reshaped to minimize its pivotal event, overturning the Temple’s money tables, a challenge to religious and political power, says Rev.…

Greasing Skids for the Comcast Deal

Comcast_Logo.svg

Americans often complain about their cable bills which always seem to be going up. Part of that money, however, goes not for entertainment but to curry favor with Congress and other officials who will judge the Comcast-Time Warner merger, as Michael Winship…

The Age of the Oligarchs

Oil billionaires David and Charles Koch.

Exclusive: The concentration of power in the hands of billionaire “oligarchs” may be most alarming in places like Ukraine but the United States is moving in the same direction as wealth is consolidated at the top — and both elections…

Ukrainians Get IMF’s Bitter Medicine

Ukraine's Prime Minister Arseniy Yatsenyuk. (Photo credit: Ybilyk)

Exclusive: Though lacking legitimacy from national elections, Ukraine’s coup regime has approved a harsh IMF austerity plan that hits Ukraine’s “99 percent” the hardest and asks little from the country’s “1 percent,” including the corrupt “oligarchs,” reports Robert Parry.

Will ‘Too-Big-to-Fail’ Banks Fail Again?

Timothy Geithner (left), then Treasury Secretary, meeting with President Barack Obama in the Oval Office. (White House photo)

Despite Wall Street’s booming recovery, Main Street continues to struggle with high unemployment and low wages, making another bust more likely. And, the “too-big-to-fail” banks may be more vulnerable than they appear, writes Danny Schechter.

Recalling a Proud American Moment

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United Farm Workers founder Cesar Chavez, with quiet dignity and nonviolent tactics, rallied millions of Americans behind the cause of oppressed farm workers in the 1960s, a remarkable moment recalled in a new movie by Diego Luna, interviewed by Dennis…

Sheldon Adelson’s Own GOP Primary

Casino mogul Sheldon Adelson.

Part of Ukraine’s crisis stems from the political power of 10 “oligarchs,” billionaires in a society with vast income inequality. It is a future that Americans seem headed toward, as one U.S. “oligarch,” Sheldon Adelson, picks his Republican presidential favorite, notes…

Why Europe Shies from Ukraine Showdown

German Chancellor Angela Merkel with her hands in the characteristic Merkel-Raute position. (Photo from Wikipedia)

Exclusive: Despite pressure from President Obama to escalate the fight with Russian President Putin over Ukraine, the Europeans are reluctant to stoke the crisis any further because it could consume their fragile recovery and ignite more fires of political discontent, notes…

The Pampered, Delusional Rich

Mr. Moneybags from the "Monopoly" game

America’s rich, who are consolidating more and more of the nation’s wealth in their own hands and giving less and less back, see themselves as “victims” of class envy, and some billionaires even liken their plight to the Holocaust, a…