This week, Joe Weinstein, one of our most prolific and thoughtful commentators, addresses Robert Reich’s “What’s the Economy for Anyway?”
Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.
The next front in the banking wars will be over credit cards. Some of the nation’s biggest bankers — including representatives of Citigroup, JP Morgan Chase, and other recipients of billions of taxpayer dollars — are meeting today with the President to ask him back off his move to reform credit-card lending practices. What’s happening [...]
The global economy has been put into the economic equivalent of a full nelson by a financial system threatening to collapse under the weight of a complicated pyramid scheme. The Bush administration sounded dire warnings and cobbled together a vaguely flushed-out rescue plan promising the injection of up to $700 billion of taxpayers’ dollars into [...]
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 [...]