Category: Economy

image_pdfimage_print

Skating to the Financial Abyss

Even as another potential Great Depression looms, the U.S. political/media system seems incapable of addressing the crisis and devising coherent answers. Instead, the old partisan and lobbying games dominate the political world and obsession with trivia commands the news media’s…

Asian Alliance Supplants US Empire

While Official Washington grapples with how slowly to draw down troops in Afghanistan and debates whether to complete the pullout from Iraq by year’s end a new alliance of Asian states is expanding into the vacuum left by America’s decaying…

Making the US Economy ‘Scream’

Exclusive: Over the past several decades, Republican methods for winning national power have come to resemble CIA techniques for destabilizing an enemy country — through the use of black propaganda, political skullduggery and economic disruptions. Now, heading toward Election 2012, the Republicans appear poised to make the U.S. economy “scream,” observes…

Taking the Side of the Billionaires

Exclusive: America’s Right pitches itself as populist, taking the side of the common man against “big guv-mint” and “lib-rhul elites,” but its actual policies from the NFL lockout to Rep. Paul Ryan’s budget side with the billionaires in what amounts…

Spanish Protests Lose Their Way

The popular protests across Spain gave voice to national indignation over the political/economic system, but the result of regional elections was only to shift power from the Socialists to the center-right Partido Popular. Spanish writer Pablo Ouziel says that outcome…

Wall Street Was ‘Too Big to Jail’

HBO’s new docudrama on the Wall Street crash of 2008 details the frantic government efforts to stabilize the banking system and stave off a global depression, but the program misses the systemic fraud and other crimes that were at the…

Perp-Walking the Wrong Banker?

The sexual-assault arrest of International Monetary Fund chief Dominique Strauss-Kahn touched off a frenzy of media coverage in New York, including repeated showing of the French banker looking disheveled in handcuffs. But Danny Schechter pines for the day when the…

Spain’s Tahrir Square

Angered by “free-market” policies that have created high unemployment and are now forcing government spending cuts, tens of thousands of Spaniards are occupying central squares in Madrid and other cities in a challenge to the country’s economic elites, as Pablo…

Leaving a Church of Free-Market Miracles

A significant part of the U.S. population is stuck in angry denial, unwilling to acknowledge scientific realities (like global warming), embracing fictions (like Barack Obama’s Kenyan birth), and refusing to acknowledge America’s diminished situation (like the crumbling infrastructure of roads…

Rand Paul’s ‘Health Right=Slavery’ Rant

Sen. Rand Paul, a Tea Party favorite, likens the idea that every American should have a right to healthcare to the imposition of “slavery” on doctors like him and their staffs, a bizarre and extreme analogy that Lawrence Davidson dissects…