Propaganda often involves taking the words of an adversary out of context and making them seem far worse or more dangerous than they are. When the news media joins in the distortion, the public can easily be stampeded into confrontation or war, a dilemma that ex-CIA analyst Paul R. Pillar addresses.
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.
From the Archive: At the G20 summit, French President Nicolas Sarkozy commiserated with President Barack Obama about Israeli Prime Minister Benjamin Netanyahu, whom Sarkozy called a “liar,” prompting Obama to say: “You’re fed up with him? I have to deal with him every day.” But struggling with Israeli leaders is not new, Morgan Strong reported.