by Brad Parker — Beneath a massive prop that resembled nothing as much as it did the “Mothership” from “Close Encounters of the Third Kind”, strode the stars for the first scene of the 2008 Democratic Convention. Down the gangway they strolled, to a strong R&B beat and a tightly scripted teleprompter. As they read [...]
We’ve been here before: The Republican attack machine at full throttle, spewing lies in best-selling books, on Fox News, on talk radio. The mainstream media reporting on the controversy, thereby giving it more air time and squeezing out the Democrats’ affirmative message. Followed by accusations by Democrats that Republicans are playing unfairly. Responded to by [...]
Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we practice it. Start with the U.S. economy’s most powerful government agency: The Fed, of course. Its decision this week to hold short-term interest rates steady was wrong, in my view; it should have lowered them because [...]
After weeks of collecting signatures from constituents in San Francisco’s 8th Congressional District, Independent candidate Cindy Sheehan has made it onto the November ballot to oppose Speaker of the House, Nancy Pelosi, for Pelosi’s heretofore secure Congressional seat. As Sheehan told me exclusively this afternoon: “I think this is the happiest that I have been [...]
The Federal Reserve Board’s “beige book” for June and July offers a clear explanation for why the economy has slowed to a crawl. It shows American consumers cutting way back on their purchases of everything from food to cars to appliances to name-brand products. As they do so, employers inevitably are cutting back on the [...]
by John MacMurray — Before we begin, please keep the following numbers in mind: $7.00 and $10.00. Then hold onto 92 and 164. They all relate to public education, and we’ll explain them in a minute. By making public education the focal point of California’s ongoing budget mess, Republican legislators in California and other states [...]
Eight universities were in the running to get the Bush Presidential Library but Hunt Oil Co. head Ray Hunt, of Dallas, an economics major from Southern Methodist University, co-chaired the SMU search effort and came out on top. His long time pals-ship with “The Decider” may have had more than a bit to do with [...]
by Jerry Drucker – Apologies to the Bard, a great writer who has never been involved in a plagiarism suit. Well, maybe Sir Francis Bacon. This piece was originally written when the question was being asked: Should Dubai guard our most strategic U.S. Ports? The answer to the question follows the soliloquy.
by Robert Reich — As we bail out Wall Street along with Freddie and Fannie and all the top financial executives who have been pocketing tens of millions a year, yet allow millions of homeowners and jobless Americans to sink, it’s worth contemplating what’s happening to the American economy and to our social safety nets.
The latest economic news isn’t pretty. Price inflation is raging everywhere, yet in most housing markets, sales are weak and prices are still in near free-fall. Crude oil and gasoline prices are at record levels and still climbing, despite my recent prediction that oil prices would fall (be patient, they will).
O! say can you see by the Dow’s early plight What so weakly we railed at the Big Oil’s last gleaning Whose Bush/Cheney dark lies led us into a perilous fight, O’er the fear ramp ups we watched were so constantly screaming And the Republican’s red glare, with bombs bursting on airs, Gave proof to [...]
There is a great scene in the film Last of the Mohicans, the Daniel Day Lewis version, in which his character challenges the British General and says when the rule of law is ignored and replaced by absolutism then revolution becomes inevitable. Well, more or less that is the message. In the last several months [...]
400,000 – number of veterans likely to experience homelessness nationally 49,724 – number of homeless veterans in California 89% – percent of homeless veterans who received honorable discharges $49,158 – median household income in 2000 (adjusted for inflation) $48,201 – median household income in 2006 $12,168 – salary of a full-time minimum wage employee without [...]
By now everyone with a roof over his head has heard about the subprime mortgage mess. Understanding why so many homeowners are defaulting on their mortgages or what mortgage foreclosures have to do with the collapse of the housing market, however, is another matter. To get a better grasp of the mortgage mess I called [...]
Unsurprisingly, my Republican State Senator, Dave Cox, e-mailed his constituents, saying reducing spending, not increasing taxes, is the answer to California’s $16 billion budget shortfall. He notes that the Legislative Analyst’s Office’s (LAO) proposed alternative budget would raise some additional revenues, and but responds saying “revenues are not the problem. …LAO anticipate[s] that General Fund [...]
Those thinking government is just about taxes and spending need to broaden their horizons, and think of subsidies and favors as the most substantial problems. Taxes are high, not because government is wasteful. They are high because it consistently gives away the store to a select few. Welfare, not for poor people, but for the [...]