Ellen Brown: “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.
Claude Fischer: To the extent that facts matter in such a politicized debate, it is becoming increasingly clear that equality rather than inequality is a better policy for economic growth.
Robert Reich: Greek Prime Minister George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.
President Obama’s Nobel lecture might have showed us that the United States has reached a turning point: either the national security monster we’ve created is going to eat us alive by bankrupting the country or we’re going to have to shift course. We must begin to spin off the 700 or so military bases and installations around the world and focus on building a better life for our own people here at home.
We need to move at least a fraction of the wasteful money in the bloated pigged-out Pentagon to programs that serve useful purposes. This is a progressive and a majority position.
As President Obama begins his first European tour this week, starting with the G20 economic summit, he’s finding that much of the rest of the world has suddenly become quite uppity. If all goes as planned, by the time these word are published, floats will have departed in late morning April 1 on a “Financial […]
By now we’ve heard “The worst economic crisis since the 1930s” – or words to that effect – so many times it’s become like a mantra. But as the days roll on it begins to appear that it might just be an understatement and that not only does the economic situation appear more like the […]