As Wall Street bankers and hedge funds deploy powerful computers in “high-frequency trading” – siphoning off capital meant for productive purposes – one counter-measure would be a “financial transaction tax” to discourage the practice and raise needed revenue, a plan gaining traction in France, reports Jeff Cohen.
Exclusive: Republican presidential contender Rick Santorum is denying his slur about “black people” and “somebody else’s money” with absurd claims that the recordings of his quote aren’t accurate, now getting a sympathetic hearing from a New York Times reporter, writes Robert Parry.
As U.S.-Iran tensions gain a dangerous momentum – with an Iranian court just giving a death sentence to an alleged CIA spy – neocon-dominated Washington has jumped on the bandwagon toward war. But the Independent Institute’s Charles V. Peña says the underlying assumptions deserve more scrutiny.
Exclusive: Subtly and not so subtly, Republican presidential contenders are playing the race card again, hoping to win over the votes of angry whites by implicitly blaming the shrinking of the middle-class on preferential treatment of blacks and other minorities, reports Robert Parry.
America’s Founders saw press freedom as a key check on government dishonesty, but today’s media has become a powerful ally of official lies by funneling sophisticated propaganda especially in support of war, as Lawrence Davidson notes about the hysteria over Iran.
In an election year, as many U.S. politicians compete to out-macho one another over fighting a new war with Iran, there is little self-reflection on whether the American side bears its own share of guilt in this troubled bilateral relationship, as Winslow Myers observes.
U.S. political journalists love to cover the horse race of presidential politics – focused on polls and gaffes – while usually obscuring the nation’s actual problems and how the candidates and their proposals relate to this real world, as Danny Schechter notes.
Exclusive: For weeks, Chris Matthews has been flogging his book, Jack Kennedy: Elusive Hero, driving it up the ranks of best-seller lists, but the biography is as superficial and clueless as the MSNBC pundit often is, missing Kennedy’s true complexity, writes James DiEugenio.
As you know, Consortiumnews.com relies almost exclusively on the support of our readers. So, as 2011 ends, we wanted to express our thanks and present a selection of the important articles from the past year that your donations helped make possible.
Exclusive: Having apparently learned nothing from the Iraq disaster, many of the same political/media players are reprising their tough-guy roles in a new drama regarding Iran. These retread performances may make another war, with Iran, hard to avoid, writes Robert Parry