What the Rest of the World Thinks

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Steve Hochstadt: European newspapers have noted that Republicans portray Europe not as a kindred continent, but as the kind of dystopian society the US might become should the wrong person win.

Lost Decade?

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John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.

Requiem for the American Worker

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Bill Londrigan: We can look back and see the carnage that the corporate war on workers and their unions has wrought: a decline in wages, benefits, unions and jobs–while corporations and the wealthiest one-percent have amassed the largest concentrations of wealth in history.

Breaking China—Legally

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Walter Brasch: Although China is the world’s second largest economic power behind the U.S. and this country’s largest creditor, there is no need to fear either its economy or its military power. It has already sown the seeds of its own destruction.

Should Kwanzaa Stay in Black Neighborhoods?

Kwanzaa

Rev. Irene Monroe: This Kwanzaa holiday, I’ll head out to the neighborhood store to purchase my red, black and green candles for the kinara, because I know that the strength of the U.S. economy is found in its multicultural small community owned businesses that reflect our nation’s diversity. And in so doing, I would also be honoring the fourth principle of Kwanzaa which is cooperative economics.

Mocking the French for Getting It Right

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Jim Fuller: Everything the American public has been told by the corporate news media about the anti-austerity uprisings in France, England and other European countries is a lie.

Did Greedy Homeowners Cause the Big Crash?

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Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.

Apple Isn’t the Problem; Wall Street’s Big Banks Are the Problem

apple ipad

Robert Reich: So why is the FTC nosing around Apple and not around Wall Street? Because the Federal Trade Commission Act allows the agency to stop “unfair methods of competition” almost anywhere in the economy except in the financial sector. Banks are explicitly excluded. Another reason for financial reform.

Whose Nation?

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If Maria Shriver’s name or Oprah’s were not attached to this report, would it have attracted close cooperation with John Podesta’s Center for American Progress (CAP)?

Goldman and JPMorgan — The Two Winners When The Rest of America is Losing

Greed_Is_Bad

Antitrust law was designed to prevent just this sort of market power and political heft. The Justice Department or the Federal Trade Commission should investigate the new-found dominance of Goldman and JP — and, if warranted, break them up.

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