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GOD SAVE HRC, FROM REALITY — Jeffrey St. Clair on Hillary Clinton’s miraculous rags-to-riches method of financial success; LA CONFIDENTIAL: Lee Ballinger on race, violence and inequality in Los Angeles; PAPER DRAGON: Peter Lee on China’s military; THE BATTLE OVER PAT TILLMAN: David Hoelscher provides a 10 year retrospective on the changing legacy of Pat Tillman; MY BROTHER AND THE SPACE PROGRAM: Paul Krassner on the FBI and rocket science. PLUS: Mike Whitney on how the Central Bank feeds state capitalism; JoAnn Wypijewski on what’s crazier than Bowe Bergdahl?; Kristin Kolb on guns and the American psyche; Chris Floyd on the Terror War’s disastrous course.
Archives by Tag 'austerity'
Austerity Grips Ireland
CAOIMHGHIN Ó CROIDHEÁIN
Dublin. Despite the fact that the Irish people are currently enduring endless austerity and cutbacks, ...
Apparatchiks in a Class War
ROB URIE
In coming weeks the recently re-elected Barack Obama will propose trimming the vestiges of the New Deal—Social Security, Medicare and Medicaid, in the decades long effort of bi-partisan Washington to consolidate total control of Western economies in the hands of a corpo...
No Wait for Austerity
KATRINA BACOME
I don’t have a television, so I didn’t get to see President Obama deliver his reelection speech last night. Like millions of Americans, the day after the election was much the same as every other day. I spent my first day after Obama’s victory moving for...
The Economic Realities of Social Security
DEAN BAKER
It is remarkable that Social Security hasn’t been a more prominent issue in the presidential race. After all, Governor Romney has proposed ...
Where are the Clergy?
MEL KING and Rev. WILLIAM E. ALBERTS
Our two fathers would have much to say to today’s presidential and Senate candidates who are pandering for middle class votes?  As if tens of millions of economically struggling families, like the ones in which we were raised, did not even exist.  In the face of such ...
The Wrecking Society
DEAN BAKER
There is an old story from the heyday of the Soviet Union. As part of their May Day celebrations they were parading their latest weapon systems down the street in front of the Kremlin. There was a long column of their newest tanks, followed by a row of tractors pulling mi...
The Coming Age of Austerity
SHAMUS COOKE
The coast is clear, the media tells us; economic disaster has been averted. The Euro Zone is finally stable and the U.S. economy is recovering. Whew! Why, then, are government policies internationally still pursuing extremist measures? In the U.S., a third round of...
Reimagining Austerity
ELLIOT SPERBER
Though their conclusions are specious, the proponents of economic austerity programs are in one crucial respect entirely correct: the present economic system is dysfunctional and, as such, requires a radical transfiguration. Indeed, as it ceaselessly spews toxins into the...
A Draconian Structural Adjustment for the US?
HEATHER GRAY
We are now faced with the threat of the stark economic policies of neoliberalism or its more stark form of the structural adjustment market-driven model being thrust down our throats. This is thanks to the likes of GOP Vice Presidential candidate Paul Ryan’s radical eco...
The Spreading Financial Rot
SERGE HALIMI
The US financial rot spread, causing a global economic crisis with catastrophic results: no jobs, millions of property owners bankrupt, waning social security. That was five years ago. Now it is quite possible that the next incumbent of the White House may be Willard Mitt...
Hot Autumn in the Kingdom of Spain
DANIEL RAVENTOS and JULIE WARK
On 20 November 2011, thirty-six years after the death of the dictator Francisco Franco, the right-wing Popular Party (PP) won a resounding victory in the parliamentary election. Less than ten months later, voting intention polls show that public support for the Rajoy gove...
The Finance Bomb
ROB URIE
A sort of joke making the rounds a few years back had (billionaire) Bill Gates walking into a working class bar. The joke was that the moment he did everyone in the bar on average became a billionaire. Understand—he didn’t give away any money or, other than possibly o...
Francois Hollande, the Austere Socialist
PHILIPPE MARLIERE
London. As François Hollande hits the 100-day mark, what is the verdict on the man at the top of French politics? In terms of style, his trademarks emerged quickly enough. Hollande has renewed the Gaullist interpretation of the presidency: in accordance w...
Does Paul Ryan Know What’s in His Budget?
DEAN BAKER
If the news media had to work for a living, this is what they would all be asking right now. The reason is simple. The projections the Congressional Budget Office (CBO) made for Representative Ryan’s budget imply that he literally wants to shut down the federal gove...
On the Road to Ryan and Ruin
LAWRENCE DAVIDSON
In the 132 years between 1797 and 1929, there was no effective regulation of U.S. economy. No federal agencies existed to control corruption, fraud and exploitation on the part of the business class. Even during the Civil War, economic management on a national level was m...
Paul Ryan’s Vicious Budget
RALPH NADER
The cruel impoverishment of the debate among the presidential and congressional candidates took a gigantic leap into the pits with Mitt Romney’s selection of 42-year-old Rep. Paul Ryan from the deindustrialized town of Janesville, Wisconsin. Ryan is invariably described...
The Euro is Not in Trouble; the People Are
VINCENT NAVARRO
One of the phrases frequently written in economic circles in the United States (and to a lesser degree in Europe) is “the Euro is going to collapse.” Those who repeat that phrase over and over again do not seem to know how the Euro was established, by whom, and for wh...
The UN and the Financial Crisis
ROBERT H. WADE
Among those who care about the fate of the United Nations it is widely assumed — and regretted — that the UN stood on the sidelines at the start of the global financial crisis, and let the G20, the International Monetary Fund and the World Bank take the lead in an int...
Pensions Under Attack
MARK VORPAHL
On Friday, July 6, President Obama signed into law a bill that would renew transportation programs and extend low interest rates on student loans for one year. While this minimal gesture resulted in, no doubt, sighs of relief from those burdened by student debt, tucked aw...
The Virtues of Big Government
ROBERT HUNZIKER
For decades now, actually since President Reagan’s administration, Republicans, with encouragement from Neocons, Supply-siders, Neoliberals, Tea Partiers, or, in short, the Right Wing in toto, have argued big government is evil, a bureaucratic money-trap that is ineffic...
Austerity, Growth and Germany’s Europe Policy
JENNY O'CONNOR
A major qualm many have with the Fiscal Compact is the implication underlying it that sensible and frugal wealthy European countries such as Germany must get the irresponsible and spendthrift indebted countries to sign up to a set of guarantees before handing them more mo...
Codependence Day
ROB LARSON
This Wednesday, as millions of Americans picnic in the (increasingly) warm summer weather, there is little affection for the social system that carries the flag of freedom the holiday celebrates. With support for the present Congress recently falling into the single digit...
Why None of Europe’s Attempts to Save Itself Will Work
XIMENA ORTIZ
Even if the Greek and other European publics are seen capitulating to the whims of elites for the moment, that deference will probably not last. The Greek people appear to have been spooked into falling into line, by the barest margin, with a bailout package. But througho...
Latvia’s Fake Economic Model
JEFFREY SOMMERS and MICHAEL HUDSON
Austerity’s advocates are declaring victory with Latvia’s battle against the European economic crisis and advocating it as the model for Greece & Spain to emulate.  Curiously, Latvians have been declaring this “win” by exiting their country. The “aus...
The Dow of the G20
VIJAY PRASHAD
In quick succession, the World Leaders shall gather, first at Los Cabos (Mexico) for the G20 summit and then at Rio de Janeiro (Brazil) for the UN Conference on Sustainable Development. Frantic discussions are being held by the sherpas, the bureaucrats whose task...