Randy Shaw: Even its critics thought the Occupy movement raised important questions about dramatically rising income inequality in the United States. And that’s why I doubt Obama would be considering Summers if the Occupy movement were still dominating the public debate.
Ellen Brown: Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.
Richard Eskow: I takes a special kind of magic to bring together groups as diverse as progressive Democrats, Californians, conservative Republicans, feminists, a number of prominent economists, and a large chunk of the global investment community.
Charley James: Reports surfaced today that Nobel Prize Winning economist Dr. Paul Krugman will be offered the job of chairman for the White House Council of Economic Advisors.
Joseph Palermo: The evidence is mounting that the 1 percent controls both of our major political parties. And now the corporate wing of the Democratic Party is getting pissy about the “tone” that its standard bearer is showing toward vulture capitalism?
Matt Kavanaugh: The blogsophere and Washington rumor-mill are working overtime right now on the question of who might be the next president of the World Bank.
Tom Hall: The mainstream media has had little to say about Obama’s accomplishments. Why would they? The mainstream media is owned by, and serves, a handful of huge corporations in New York.
Randy Shaw: In bypassing Elizabeth Warren, it is now clear that Van Jones’ appointment was a complete aberration, and that Obama imposed a progressive blacklist from the start
Paul Hogarth: Barack Obama and Joe Biden are upset at progressive Democrats. But which Democrats are being divisive?
Joseph Palermo: The National Bureau of Economic Research tells us the Great Recession is “over.” The only thing this announcement reveals is just how out of touch and compassionless those who view human society through the lens of quantitative measurements can be.
We all know affirmative action is a hot-button issue. At a basic level, it’s an attempt to take race, gender, and ethnicity (to name a few factors) into consideration to promote a level playing field for all. But the sub-text in all affirmative action debates is the fallacious belief that blacks selected to benefit from it are hopelessly and helplessly genetically inferior — that their DNA is chromosomally deficient, if not defective.
Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.
Joseph Palermo: In 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown , Simon Johnson and James Kwak point out that in September 2008 the high-flying masters of the universe were at their weakest point and had no choice but to do whatever the government demanded of them. Never mind the supreme irony of Wall Street bankers who claimed government had no place interfering in the miracles of the market begging the government to save them, it was at that time when we should have cut them down to size.