Lawrence Wittner: In 1964, the top marginal tax rate was reduced to 70 percent, in 1982 to 50 percent, and, in 1988, to 28 percent.
Carl Matthes: Obama kicked public awareness/acceptance of marriage equality into high gear. The covers of the nation’s major magazines competed for which could best portray Obama’s historic announcement.
Paulina Gonzalez: House by house, block by block, the residents of these South Central neighborhoods are being pushed out by landlords eager to capitalize on USC’s expansion.
John Peeler: The economy, like the polity, ought to be democratically controlled. Democracy should operate at the level of the firm as well as the community: employees should be owners.
Anthony Samad: Gay rights actvists have this pressing need to tie King to their cause, to legitimize their movement. They can’t find adequate venues to engage the black community on the issue of gay marriage, so they hijack King Day programs where they can dominate question and answer periods by interjecting questions around gay marriage. And they never want to have a morality conversation, as critical as that conversation is to a conversion (and shift) of America’s cultural mindset.
In 2005, more than one in every four adults reported doing some volunteer work. I don’t know exactly what definition was used. Chances are that coaching your kid’s soccer team counted.
No president in modern times walks a tightrope as exquisitely as this one. His balance is a thing of beauty. But when it comes to this economy right now — an economy fundamentally out of balance — we need a federal government that moves boldly and swiftly to counter-balance the huge recessionary forces still at large
The nation’s unemployment rate is at 10.2 percent, a 26-year high. These people will be waiting to hear Obama explain how adding to the $10 billion monthly price tag for Iraq and Afghanistan will help them find work. African American men, 17.1 percent of whom are unemployed, want a word from Obama on this,” wrote Columnist Colbert King in the Washington Post last week.
But the reality that no one wants to talk about is a structural change in the economy that’s been going on for years but which the Great Recession has dramatically accelerated.
The $75 billion federal program designed to bribe banks to modify mortgages has been a bust. No one knows the exact number of mortgages that have been modified (that will be reported next month) but housing experts I’ve talked with say it’s a tiny fraction of the number of homeowners in trouble. Seems that the big banks can’t be bothered.
If we can defend democracy overseas we can rebuild our decaying Main Streets. This could be a building stimulus project both political parties could respect if we see it as a restoration after a retail business war.
This institution deserves the full force of anti-trust law deployed against it. Maybe in open court we’ll get a glimpse into the real workings of this unworthy amalgam of greed and arrogance.
As we note, the heightened attention to the crisis, and hopefully proposals for Congressional action, the alarming jobless figures will be repeated over and over. The employment situation is dire and from all indications it is going to get worse.