News & Comment
Blogs and Opinion
America's Third World by Frida Berrigan, | September 21, 2005America's bloated military spending leaves little left over to reduce the rampant poverty exposed by Hurricane Katrina. read more »
- A few commentators have noted the striking resemblance of the Bush administration's self-inflicted disaster in New Orleans to the stated objective of conservative strategist Grover Norquist who wants to shrink the government to a size that he can drown in the bathtub. read more »
- Good idea. Rep. John Conyers, Jr., Rep. Mel Watt, Rep. Jerrold Nadler, and Rep. read more »
Why Nuclear Power Is Not The Answer by Philip Warburg, boston.com | May 9, 2005Nuclear power is not the panacaea Bush claims. Instead, we need to clean-up fossil fuel plants, invest in renewables, and build public transit. read more »
As Goes Wal-Mart by Beth Shulman, | May 3, 2005Can Wal-Mart be competitive and offer workers decent pay and benefits? Yes—if it so chooses. read more »
Washington's Two-Headed Pig by Paul Waldman, | March 15, 2005Paul Waldman explains why the bankruptcy bill was a taste of things to come—thanks to the alliance between lobbyists and the GOP. read more »
White House's Late Push for $26B State Aid Bill, Politico | August 2, 2010
With a Senate vote slated for Monday evening, the White House shows signs of a late-breaking push behind a $26.1 billion aid package to help state and local governments cope with revenue shortfalls due to the continuing housing crisis and slow economic recovery. more »
More Spending Is Needed on Weapons Systems, Panel Says, The New York Times | July 30, 2010
Even as political pressure grows to reduce the federal budget deficit, a blue-ribbon board led by former top national security officials called on Thursday for more spending on weapons systems. more »
Too Big Not To Organize, inthesetimes.com | July 30, 2010
Through the blare of screeching feedback from portable translation headsets and microphones, unionized bank workers from Brazil, England, Chile, Germany, and Uruguay are encouraging American workers to undertake an unprecedented campaign against a common enemy: Grupo Santander, the global banking giant which last year took control of Sovereign Bank.
Citigroup Agrees to $75 Million SEC Settlement on Subprime Mortgage Investments, The Washington Post | July 30, 2010
Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in subprime mortgage investments. more »
Small, Midsize U.S. Banks Need to Raise More Capital, IMF Financial Study Finds, The Washington Post | July 30, 2010
The U.S. financial system remains under stress, with small and midsize banks in particular potentially needing to raise more capital, according to a new report from the International Monetary Fund that shows the continuing strains facing the U.S. economy. more »
Obama Making Sales Pitch for Auto Bailouts to Skeptical Voters, bloomberg.com | July 30, 2010
President Barack Obama flies to the heart of the U.S. auto industry today on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return. more »
President to Promote Auto Bailout as a Success, The New York Times | July 30, 2010
When President Obama steps into a General Motors plant on Friday morning — as the majority shareholder surveying the government’s investment in a company the White House called “moribund” just 18 months ago — he will be doing more than just examining the first models of the all-electric Volt that began rolling off the production line this week.
Federal Reserve's James Bullard: Long-term Deflation is a Possibility, The Washington Post | July 30, 2010
A top Federal Reserve official warned Thursday that the nation faces the risk of an extended period of falling prices known as deflation, such as that experienced by Japan over the past two decades. more »
Within the Fed, Worries of Deflation, The New York Times | July 30, 2010
A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy as the economic recovery is weakening. more »
Homes Keep Falling Into Foreclosure as Programs Fail to Help, mcclatchydc.com | July 30, 2010
More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream.
New figures Thursday from Realty-Trac showed that foreclosure activity declined over the first six months of the year in nine of the 10 large metropolitan areas with the highest foreclosure rates.