Generational Inequality
Sep16

Generational Inequality

A small number of individuals currently control a disproportionate amount of the wealth in most democracies. In America, the ultra-rich .01% of the populace has 11.1% of the nation’s wealth, with the top 1% owning 39.8% of the wealth, an astounding $32.6 trillion. These numbers do not consider assets held in offshore accounts which would skew the percentages even further. The richest .01% has quadrupled their share of America’s wealth...

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Hubris Is Alive and Well
Sep15

Hubris Is Alive and Well

Some economists saw the Great Recession coming. Certainly Robert Reich did. But, as Paul Krugman writes in this morning’s New York Times, an army of economists missed the boat. They did so for a number of reasons: Clearly, economics as a discipline went badly astray in the years — actually decades — leading up to the crisis. But the failings of economics were greatly aggravated by the sins of economists, who far too often let...

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Senate actually holding a vote for Campaign Finance Reform (Sortof) [by Slamfu, Guest Voice]
Sep05

Senate actually holding a vote for Campaign Finance Reform (Sortof) [by Slamfu, Guest Voice]

image: wikimedia Senate actually holding a vote for Campaign Finance Reform by slamfu Well, imagine my surprise when I found out that after all the whining from people like myself about how campaign finance laws have handed this country over to the wealthiest elites, the corporations, and anyone with deep pockets and an axe to grind, it turns out the Senateis actually taking some steps in the right direction. On Monday, the Senate...

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Fast Food Workers Strike Nationwide
Sep05

Fast Food Workers Strike Nationwide

Fast Food Workers Strike Nationwide by Miriam Raftery September 4, 2014 (San Diego)–Fast food workers across America on Thursday put down their burger flippers and picked up picket signs. Workers went out on strike at an estimated 150 fast food restaurants nationwide. The workers want wages raised to $15 an hour . They point out that it’s not just kids working at fast food chains nowadays; the economy has forced many adults...

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Cartoon: Labor Day Parade For Job
Sep01

Cartoon: Labor Day Parade For Job

See great cartoons by all the top political cartoonists at http://cagle.com. To license this cartoon for your own site, visit...

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Paul Ryan, Party Above Everything
Aug24

Paul Ryan, Party Above Everything

Paul Ryan appeared on Face the Nation this morning and among other things said that even though he disagreed with the GOP strategy he said nothing for the sake of party unity. Here is his justification. “I don’t think it was constructive for conservatives to be carping at each other. At the same time, the purpose of that passage is to try and unify our party. I don’t think we can succeed if all we do is criticize and...

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Why The Economy Does Better Under Democratic Than Under Republican Presidents
Aug09

Why The Economy Does Better Under Democratic Than Under Republican Presidents

We’ve known for a long time that if you want to live like a Republican you should vote Democratic. The economy has consistently been stronger under Democratic presidents than Republican presidents. Even under Obama, despite all the Republican efforts to block recovery, we have seen record increases in corporate profits and the stock market, which should make Republican love him if they ever turn off Fox and look at the real...

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Is “Trickle Up” Back?
Aug09

Is “Trickle Up” Back?

On Thursday, Paul Krugman wrote that evidence is mounting to support the notion that inequality can sabotage a market economy. There will always be some inequality in market economies. But gross inequality is a drag on economic growth: It’s true that market economies need a certain amount of inequality to function. But American inequality has become so extreme that it’s inflicting a lot of economic damage. And this, in turn, implies...

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‘Successful’ Russia Sanctions Would be West’s Worst Nightmare (Gazeta, Russia)
Aug07

‘Successful’ Russia Sanctions Would be West’s Worst Nightmare (Gazeta, Russia)

This column by Gazeta columnist Georgy Bovt, while providing an unassailable argument for why Western sanctions on Russia are doomed to fail, also serves as a powerful indictment of the Putin years. Beyond his explanation of why there is no likelihood of sanctions working, or of an opposition emerging that is capable of challenging the Putin regime, Bovt lays out why, if sanctions were to bite to the point where Putin were toppled,...

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West Should Drop Trade Barriers with Russia, Not Raise Them! (de Volkskrant, The Netherlands)
Aug02

West Should Drop Trade Barriers with Russia, Not Raise Them! (de Volkskrant, The Netherlands)

In some way, of all the MH17 content we’ve posted from the Netherlands, this column by Imre Wessels, an election coordinator for the Libertarian Party, is the most ‘Dutch’ – in the sense that he expresses that unstinting belief in free markets that made the Netherlands into the dominant trading power of the 1700s. So then, rather than bringing Vladimir Putin to heel, will Western sanctions serve only to harden...

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Washington and Jerusalem: Forces Beyond their Control (La Stampa, Italy)
Aug01

Washington and Jerusalem: Forces Beyond their Control (La Stampa, Italy)

Why are there so many seemingly intractable conflicts in the world today, and what’s behind the unprecedented deterioration of U.S.-Israeli relations? For Italy’s La Stampa, columnist Gianni Riotta writes that it isn’t Barack Obama’s fault that the American people don’t want to police the world, or that a world without two diametrically-opposed poles lacks the leadership it needs. The best Italian...

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MH17: Guilty Rebels ‘Worse for Moscow than KAL-007′ (Gazeta, Russia)
Jul31

MH17: Guilty Rebels ‘Worse for Moscow than KAL-007′ (Gazeta, Russia)

What would happen if it were proven that pro-Russia rebels shot down MH17, that the Kremlin was complicit, and sanctions began to bring down the Russian economy? Gazeta columnist Georgy Bovt forecasts that the situation would be far worse than anything encountered in 1983, when the USSR admitted to downing Korean Airlines Flight 007. Bovt warns that in defense of Russia’s economy and ‘Russian civilization,’ and to...

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Americans Are Still In Debt
Jul30

Americans Are Still In Debt

Even years after the great recession 35 percent of Americans are still deep in debt.http://www.legacy.com/obituaries/nhregister/obituary.aspx?pid=171867717 According to a new report by the Urban Institute, more than 35 percent of Americans owe non-mortgage debt that’s been turned over to a collection agency—including anything from credit card balances to student loans to medical bills and parking tickets. If that sounds especially...

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Gaza and MH17: France Pays the Price for its Moribund Diplomacy (Le Figaro, France)
Jul27

Gaza and MH17: France Pays the Price for its Moribund Diplomacy (Le Figaro, France)

France is not only home to the largest Muslim and Jewish populations in Europe, but with the Kremlin in the global doghouse over MH17 and Ukraine, Paris is in the process of selling Russia two massive Mistral warships for $1.6 billion. For Le Figaro, columnist Pierre Rousselin writes that with pro-Palestinian protests erupting across the country, and allies losing patience with the French for selling such powerful weapons to Russia,...

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The ‘Power’ of Satire and the Power of Poetry
Jul26

The ‘Power’ of Satire and the Power of Poetry

A little less than two years ago, when we were getting ready to elect a new president, or re-elect Barack Obama, I wrote a little piece at the Huffington Post that created somewhat of a mini uproar. In the article I explained why “I [Was] Voting for Mitt Romney on Nov. 7.” It was satire, of course. There were two clues I thought would signal such. First, November 7 was the day after the 2012 elections. Second, my concluding paragraph...

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Working Less
Jul23

Working Less

People can be critical of France and Germany’s   reduced work weeks and lower retirement ages but they really don’t know why they did it.  They did it to reduce unemployment – when people work fewer hours and retire earlier more people are working.  We have reached a point where there are more people who need jobs than there are available jobs.  Some of this is because of outsourcing but also because of automation...

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Inversion or Perversion?
Jul22

Inversion or Perversion?

The house is on fire and the occupants are eating dinner and not paying attention. While our tax base is being whittled away by large American corporations, members of Congress are twiddling their thumbs and doing nothing. The willingness of Congress to allow these “inversions” to occur is another sign of the dysfunction in Washington and the “perversion” in the American political system. To escape higher corporate taxes in the U.S.,...

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Obama’s Sanctions on Russia are the ‘Only Real Sanctions’ (Gazeta Wyborcza, Poland)
Jul20

Obama’s Sanctions on Russia are the ‘Only Real Sanctions’ (Gazeta Wyborcza, Poland)

If President Obama is ‘weak,’ than everyone else is weaker. For Poland’s Gazeta Wyborcza, Mariusz Zawadzki reminds Obama’s ever-expanding number of critics that the president has not only been the most consistent leader since the Ukraine crisis began, but that the sanctions he has imposed on Russia have been the toughest in the world, and what’s more, they work. For the Gazeta Wyborcza, Mariusz Zawadzki...

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Putin’s Hard Hat of Indifference
Jul20

Putin’s Hard Hat of Indifference

Balloon Payment For The Sochi Olympics Invade Now For Best Financing Terms The View From The Virgin Islands By John McCarthy TMV Columnist Remember when the worst thing we had to fear from Vladimir Putin was another bare-chested photo opportunity on horseback? There had come a time in the career of President Putin when he was even taking flack from Pussy Riot band members and seemed destined for irrelevance. Not any more. The...

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The Mass Migration of Children Mexican Authorities ‘Missed’ (El Universal and Excelsior, Mexico)
Jul17

The Mass Migration of Children Mexican Authorities ‘Missed’ (El Universal and Excelsior, Mexico)

Today we have three columns on the immigration crises from Mexican newspapers El Universal and Excelsior, and from La Prensa of Honduras. All three reflect frustration with the handling of the crisis by the governments in Mexico and Central America, and notably, none expresses any real consternation with the United States. First, as the flow of child migrants traveling through Mexico to the U.S. border continues to build, this...

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