News & Comment
Blogs and Opinion
Socialism for Dummies by Marie Cocco, truthdig.com | September 23, 2008
So this is how the “ownership society” works. We own all the bad stuff. What we will own are potentially worthless assets for which there are currently no private buyers. After more than three decades of being told we can’t afford to keep a modest safety net beneath the people on Main Street, we have thrown the mother of all lifelines to Wall Street. This is the conservative dogma that has constrained our politics for a generation. read more »A Prescription for Recovery by Robert H. Dugger, The Washington Post | September 23, 2008
If Congress commits money without firm principles to guide its use, the cost to taxpayers will be far higher and the economy will remain weaker longer. Here are five principles Congress needs to impose now. read more »Cash for Trash by Paul Krugman, iht.com | September 23, 2008
Paulson insists that he wants a "clean" plan. "Clean," in this context, means a taxpayer-financed bailout with no strings attached - no quid pro quo on the part of those being bailed out. Why is that a good thing? Add to this the fact that Paulson is also demanding dictatorial authority, plus immunity from review "by any court of law or any administrative agency," and this adds up to an unacceptable proposal. read more »Hammering Home the Keating Five Message by David Sirota, OurFuture.org | September 23, 2008
Building Our Way Out by Eric Lotke, OurFuture.org | September 22, 2008
The economy is sinking. Wages are flat, costs are rising and bridges are collapsing. Wall Street doesn’t know which way is up. The answer is right before us. Bridges and dams and schools. America needs rebuilding. And the American people need jobs. Put one and one together. read more »The $700 Billion Questions by David Sirota, OurFuture.org | September 22, 2008
With this morning's news that speculators at Lehman Brothers are going to get $2.5 billion worth of bonuses, I wanted to pass on my brand new In These Times magazine article asking five key questions that neither party has bothered to answer about the $7 read more »The $700 Billion Questions by David Sirota, inthesetimes.com | September 22, 2008
Using the shock doctrine, Wall Street and Washington’s wrecking crew aim to get the most expensive free lunch in American history. read more »Behind The Financial Debacle: Conservative Misrule by Robert Borosage , OurFuture.org | September 22, 2008
How did it come to this? The banksters issue a threat: Hand over $700 billion in taxpayers’ money–on top of the $600 billion already forked over–or we’ll take down the global economy. There will be a lot of obfuscation—fingers pointing every which way—but the story is very clear. read more »Weekend Watchdog Wrapup by Terrance Heath, OurFuture.org | September 22, 2008
What a weekend it was for the watchdog, and the rest of the country, as we literally watched history unfold from our respective perches. So much history, that it made it kind of hard to keep score, but we're going to call it 2-for-3 for the watchdog this weekend. read more »Paulson Bailout Plan a Historic Swindle by William Greider, The Nation | September 22, 2008
Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. If Wall Street gets away with this, it will represent an historic swindle of the American public — all sugar for the villains, lasting pain and damage for the victims. read more »
The Latest
Strike At Shipyard Is Another Effect Of Katrina, The New York Times | March 13, 2007
Unions Worldwide United Against Private Equity Threat, news.independent.co.uk | March 12, 2007
Businesses Prepare To Mount Assault On Regulation, The Washington Post | March 12, 2007
Dems Unveil Bill For CEO Pay Vote, Financial Times | March 2, 2007
Economy Seems Headed For A Period Of Turbulence, realcities.com | February 28, 2007
Jobs Corp Plans Makeover For New Economy, The New York Times | February 20, 2007
Government Subsidies Allow Trawler 'Bandits' To Strip Oceans, Financial Times | February 20, 2007
Another Energy Inquiry On Royalties Collection, The New York Times | February 16, 2007
Bank Of America To Offer Credit Cards To Those Without Social Security Numbers, Los Angeles Times | February 14, 2007
U.S. Groups Considering U.K.-Style Executive Pay Votes, Financial Times | February 8, 2007
