Real Crises and Fake Ones

poverty_america-wide

Steve Hochstadt: Our economic disaster is not about national debt, but about national poverty. America cannot be a great country, if we do not alleviate the critical economic problems gripping our poorest families.

The (Almost) Crash of Wall Street

wall street crash

Robert Reich: Ninety minutes before the end of the trading day today, the U.S. stock market almost melted down The Dow Jones Industrial Average dropped nearly 1,000 points. The market regained ground before the end, like a giant 747 narrowly averting a crash landing, but the questions of the day are: What happened? And what does it mean?

9/11, Financial Crisis, Church Sex Scandal? Imagine That!

Paranoia

Michael Sigman: Isn’t it precisely the job of political, financial and religious leaders to imagine disasters and then prepare for them? (Plausible ones, that is, as opposed to, say, anti-asteroid Republican Congressman Dana Rohrabacher’s crusade for funds to combat “objects coming from space that could cause colossal loss of lives on our planet.”) And if their imaginations fail them, and us, shouldn’t they be held accountable — morally and, when appropriate, criminally?

Can You Feel It?

David Sirota’s prescient new book, The Uprising: An Unauthorized Tour of the Populist Revolt Scaring Wall Street and Washington is coming to life and we’re in it! It’s been a terrifying and illuminating few weeks living amidst the fury of millions of Americans from left, right and center. Many of us are accusing our elected [...]

Congress Passes Wall Street Relief Act of 2008

At a news conference held a short time ago, a bi-partisan claque of Congressional leaders stood before cameras to declare, finally and with great relief, “We have a Pope bailout!” Let the puff of white smoke rise from the Capitol’s chimney. Except none of them said exactly what is in the deal. How much money [...]

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