Despite claims to the contrary, the US has a state-sponsored and supported religion.
Like all religions, it has its dogma, a group of fundamental beliefs, that are accepted “on faith,” without any physical proof. And like all religions, it has its clerics/priests, an organized structure for its support, and the priests have their own body [...]
Rolling Stone, By Matt Taibbi, February 12
Banks are no longer just financing heavy industry. They are actually buying it up and inventing bigger, bolder and scarier scams than ever
Call it the loophole that destroyed the world. It’s 1999, the tail end of the Clinton years. While the rest of America obsesses over Monica [...]
To understand Afghanistan, it helps to understand a little economics:
It is becoming clearer what will be the likely cause of the next financial crisis. In a recent report to US banks issued by the Office of the Comptroller of the Currency (which regulates more banks than even the Fed does), the OCC has cautioned banks to limit their lending to highly-leveraged corporations. Further, the [...]
I’m no big fan of “Obamacare,” still consider it a horribly botched piece of legislation, but that doesn’t mean I’m going to jump onto any silly bandwagon that provides an opportunity to bash it. I’m referring to the latest such effort of using the CBO report which says that Obamacare “will cost 2.5 million jobs” [...]
David Simon on America as a Horror Show January 31, 2014
This week on Moyers & Company, David Simon, journalist and creator of the TV series The Wire and Treme, talks with Bill about the crisis of capitalism in America. After President Barack Obama’s annual State of the Union address, it’s a reality check [...]
If conservatives want to help the poor they should improve education, cut inequality, and ensure access to contraception.
The Guardian (Comment is free), By Jill Filipovic, January 30
It’s time for marriage promotion programs to die.
The first problem is that they don’t actually convince people to get married; nor do they get fathers to [...]
Y’know, I should be smirking gently over the things happening in the South.
For the Love of Money – NYT
IN my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the [...]
Bacon’s Rebellion – The Burning of James Town, Howard Pyle
The US has been negotiating from position of weakness with its Asian and now European “Partners” to establish a New World Order, where corporations are Sovereign, and people are chattels, or cattle (pick one).
This secretive cadre has run into trouble, as the countries [...]
Economists can so wedded to their pet theories that they tend to apply them without regard to the situation in need of solution. Dean Baker, for instance, addresses a New York Times article by retorting that it “Tells Readers About Shortage of Skilled Workers in Europe Without Ever Mentioning Wages,” which in fact it does. [...]
Bill De Blasio was sworn in as New York’s mayor yesterday.
At an east coast cocktail party several weeks ago, a reporter asked a CEO what he feared most in regards to the global economy. The billionaire, who asked to remain anonymous, replied, “the guillotine”.
When even the hyper-wealthy are looking anxiously over their shoulder, something is badly wrong with the economic order. For several years [...]
…so what have you done?