Wall Street Pulls an Enron With Commodities

wall street and elizabeth warren

Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.

The Bailed-Out Bankers’ Boys

Money

Brent Budowsky: Rick Perry’s impersonation of Ron Paul is caused by Perry’s panic while his campaign collapses, while terrified Republicans try to entice the freshman governor and unqualified Chris Christie to enter the race.

Has The American Dream Drifted North?

canadian northwest passage

Tina Dupuy: When did Canadians out Norman Rockwell us? From the perspective of my couch they seem to be living very well with the evils of socialism. Canada consistently outranks us in quality of care and that impacts our quality of life. They have lots of guns and low gun violence. Their banks didn’t cause a housing bust so their economy is comparatively doing fine.

The Four Most Dangerous Words To Your Portfolio

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Manisha Thakor: “How Should I Invest?” are the four most dangerous words to your portfolio. The answer to that question is often given as if one size fits all, when it’s anything but. To protect yourself, here are 5 things to think about to make sure your hard earned money is invested in a way that is appropriate for your specific situation.

Why A Civil Society Extends Unemployment Benefits

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Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.

Another Oil Rig Explodes in the Gulf of Mexico!

Oil Rig Explosion

ANOTHER !! Oil Rig Explosion in the Gulf of Mexico National Public Radio, the New York Times, CNN and other media outlets are reporting that another offshore oil rig exploded in the Gulf of Mexico.  According to the reports, the explosion occurred 80 miles off the coast of Louisiana, just east of the Deepwater Horizon [...]

Of Junk Food and Junk News

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Tina Dupuy: Cable news starts with a story, removes the grain and nuance then mainlines the fury. It’s all high-fructose hyperbole all the time.

Evan Bayh and Partisan America

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Robert Reich: The real problem isn’t partisanship. Bold views and strong positions are fine. Democratic debate and deliberation can be enhanced by them. The problem is the intransigence and belligerence that has taken over Congress and much of the rest of the public — a profound distrust of people “on the other side,” an unwillingness to compromise, a bitterness and anger disproportionate to issues being discussed.

Dylan Ratigan?! Really MSNBC, Don’t We Have Enough Ranters Already?

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On June 29th, Dylan Ratigan, the former host of CNBC’s Fast Money, will premiere his new show, The Meeting With Dylan Ratigan, to air Monday through Friday at 9 a.m. on MSNBC. The show will address a variety of topics spearheaded by Ratigan, its pugnacious fast-talking star, who as the video below will demonstrate, offers [...]

A Welfare-Receiving Conservative Who Hates “Socialism” Hits The Streets

Photo: Jim Commentucci / The Post-Standard

Thanks to the Syracuse Post-Standard we have a fascinating glimpse into the mind-set of tea baggers spurred into action last week by Fox News’ increasingly deranged secessionist Glenn Beck and yo-yo’s like CNBC’s Brooks Brothers populist Rick Santelli. The Syracuse daily spotlighted a local organizer to give its readers a sense of who took to [...]

Media Tries to Undermine Obama Agenda

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Barack Obama has been President for eight weeks, and much of the traditional media remains incapable of making sense of his agenda. In one corner we have hosts like Hardball’s Chris Matthews, who appears to be compensating for pro-Obama campaign comments by giving excessive voice to the president’s critics. Or we have CNN’s John King, [...]

Is Obama Responsible for Wall Street’s Meltdown? Where Populist Rage Is Heading

wall-street-distress

Is Obama responsible for the meltdown of the Dow? The consistently wrong-headed Wall Street Journal‘s editorial page says so, as does Republican Fox News, CNN’s reliably demagogic Lou Dobbs, and now CNBC (where, full disclosure, I frequently appear as a token liberal). CNBC’s Jim Cramer, who bloviates nightly about stock picks, says Obama is pushing [...]

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