VOICES FOR CHANGE

Economic Policy in a Post-Piketty World
Dean Baker
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Thomas Piketty’s new book, Capital in the 21st Century, has done a remarkable job of focusing public attention on the growth of inequality in the last three decades and the risk that it will grow further in the decades ahead. Piketty’s basic point on this issue is almost too simple for economists to understand: if the rate of return on wealth (r) is greater than the ...

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The Rhetoric of Violence
Chris Hedges
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At least nine people were killed and at least 35 others were wounded in shootings across Chicago on Friday, Saturday and Sunday. On Thursday police announced that a man had been arrested on charges of firing on a number of motorists recently, wounding three of them, on Kansas City-area highways. On April 13 three people, including a child, were murdered at two Jewish-affiliated facilities in Overland Park, Kan., leading to the arrest of a white ...

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Raising Taxes on Corporations that Pay Their CEOs Royally and Treat Their Workers Like Serfs
Robert Reich
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Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.

Meanwhile, over the same thirty-year time span the median American worker has seen no pay increase at all, adjusted for inflation. Even though the pay of male workers continues to outpace that of females, the typical male worker ...

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Too Big to Jail?
Tom Engelhardt
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How the mighty have fallen.  Once known as “Obama’s favorite general,” James Cartwright will soon don a prison uniform and, thanks to a plea deal, spend 13 months behind bars.  Involved in setting up the earliest military cyberforce inside U.S. ...

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Congratulations! A New Conspiracy is Born
Joe Conason
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With the happy news that Chelsea Clinton and Marc Mezvinsky expect their first child later this year, the Clinton family can anticipate warm good wishes from most Americans — and a less uplifting response from all of the usual suspects.

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Wall Street’s MIA Ethics
Jim Hightower
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Let’s review the rap sheet of Wall Street banks: defrauding investors, cheating homeowners, money laundering, rigging markets, tax evasion, credit card ripoffs… and so sickeningly much more.

At last, though, some of the cops on the bank beat seem to be having regulatory epiphanies. The New York Times reports that some financial overseers are questioning “whether such misdeeds are not the work of a few bad actors, but rather a flaw ...

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Will Government Use Its New Leverage Over the Financial Industry?
David Sirota
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If you read one business book this year, make it "Flash Boys" by Michael Lewis. The journalist famous for "Moneyball" and "The Big Short" takes readers inside the parasitic world of high-frequency trading that is harming the broader economy.

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Antitrust in the New Gilded Age
Robert Reich
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We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted. Those laws should prevent or bust up concentrations of economic power that not only harm consumers but also undermine our democracy — such as the pending Comcast acquisition of Time-Warner. 

In 1890, when Republican Senator John Sherman of Ohio urged his congressional colleagues to act against the centralized ...

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Top 6 Pulitzer Prize ‘Traitors’ in American Journalism
Juan Cole
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The Pulitzer Prize committee’s opinion that Edward Snowden is a public servant rather than a traitor or criminal, as evidenced in its award to The Guardian and The Washington Post for their reporting from his trove of government documents, is a scandal on the American Right.  But it is not a new scandal.  Journalism is about the public’s right to know what our government is up to.  The National Security State is about preventing us from knowing what ...

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Ryan’s Joke Is on Us
Jim Hightower
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My guess is that Rep. Paul Ryan, the Republican Party’s highly touted budget guru, doesn’t have a very tight grip on the concept of irony.

Otherwise, why would he choose April Fools’ Day to release the latest version of what the GOP intends to do to federal programs (and to the people who count on them) if it takes total control of Congress? But there he was on April 1, declaring with a straight face that, “We [Republicans] believe that ...

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NSA Spying is Here to Stay
Jim Hightower
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On Monday, April 14, the the Washington Post and the Guardian US newspapers received the Pulitzer for Journalism Public Service for their reports on NSA spying. In light of their hard work, let's recap events of the last year.

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Lessons Not Learned in Boston Bombing
Froma Harrop
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Airport gift shops throughout New England are piling "Boston Strong" T-shirts in vivid colors. "Boston Strong" became a rallying cry of solidarity after the terrorist bombing last year at the Boston Marathon.

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The Myth of Human Progress and the Collapse of Complex Societies
Chris Hedges
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The most prescient portrait of the American character and our ultimate fate as a species is found in Herman Melville’s “Moby Dick.” Melville makes our murderous obsessions, our hubris, violent impulses, moral weakness and inevitable self-destruction visible in his chronicle of a whaling voyage. He is our foremost oracle. He is to us what William Shakespeare was to Elizabethan England or Fyodor Dostoyevsky to czarist Russia.

Our country is ...

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The Hedge Fund Managers Tax Break: Because Wall Streeters Want Your Money
Dean Baker
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The coming of tax day provides a great opportunity for everyone to focus on their favorite tax break, and there are many from which to choose. However for all the sneaky and squirrelly ways that the rich use to escape their tax liability, none can beat the hedge fund managers’ tax break. This is the way the rich tell the rest of us, because they are rich and powerful, the law doesn’t apply to them.

The hedge fund managers’ tax break, which is ...

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If Jesus had a Wife, Would it Change the GOP War on Women?
Juan Cole
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This post originally ran on Juan Cole’s Web page.

A Coptic fragmentary manuscript page that dates back to a few hundred years after Jesus’ death (and the text of which may go back to the second century) has been found by ...

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The Global Banking Game is Rigged and the FDIC is Suing
Ellen Brown
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Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report:

Derivatives . . . have turned into a windfall for banks and a nightmare for taxpayers. . . . While banks are still collecting fixed rates of 3 to 6 percent, they are now ...

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From J.P. Morgan to Jamie Dimon
Nomi Prins
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(This piece originally appeared in the New York Daily News, April 10, 2014): New York is a wonderful town — if you run a mega bank. Because for over a century, the Big Six banks and their leaders have dominated not just the U.S. banking industry, but American and global finance, traversing the power corridor ...

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Russian Sanctions-Busting? Putin’s Bruited 500k B/D Oil Deal With Iran Draws US Threats
Juan Cole
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This post originally ran on Juan Cole’s Web page.

Russia has rejected US criticism of a plan that has been floated to import 500,000 barrels a day of petroleum from Iran on a barter basis. 

The US Treasury Department has been instructed by Congress to place a financial blockade on Iran.  The US has had that country kicked off major international bank exchanges, making it very difficult for Iran to pay for imports or get paid for exporting ...

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The Chicago Way
David Sirota
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In America, there is regular ol' corruption, and then there is Chicago Corruption, with a capital "C." America's third largest city is so notoriously corrupt, all you have to do is say "Chicago politics" and many people instantly start making jokes about payoffs and reciting lines from "The Untouchables."

Yet, while the Windy City's brand of corruption is extreme, it is also emblematic, as a recent spate of revelations ...

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Hiding Profits in Slimy Offshore Wormholes
Jim Hightower
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The dictionary defines the caterpillar as a “wormlike larva” and a “crawler.” Also, that “pillar” part of the word is derived from a French verb that means to “pillage, abuse, mistreat.”

Good to know. Now, meet Caterpillar Inc., the world’s largest maker of construction and mining machines.

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They are Watching You
Todd Miller
Op-Ed
Behind the Egyptian Junta’s Iron Curtain
Kate Chandley and Medea Benjamin
Op-Ed

FROM AROUND THE WEB

Gay Marriage

The Number of States with Uncontested Bans on Marriage Equality has Shrunk

The Washington Post reported that bans on equal marriage are being challenged in most states except four.

Ukraine News

Putin No Longer Tolerates Criticism, Casts Critics as ‘National Traitors’

Russian President Vladimir Putin labels anyone who opposes the Kremlin is serving the interests of the West.

Affirmative Action

Affirmative Action Banned in Michigan

The U.S. Supreme Court upheld a Michigan law banning the use of racial preferences in state university admissions.

Ukraine News

Kiev asks Russia troops to leave east Ukraine

Interim PM says Russian special forces are operating in eastern Ukraine - and calls on Moscow to pull them out.

Immigration

Supreme Court Declines Revival of Arizona’s Immigration Law

On Monday, the Supreme Court refused to “revive” an Arizona immigration law that would criminalize the harboring and transportation of illegal immigrants.

Voting Rights Act

Republicans Can’t Outrun Shift to Multiracial Majority

With so many single women, young people and people of color voting democratic, this shift is moving against Republicans.

Social Security

 Social Security to resume benefits statement mailings

Paper social security benefits statements are returning to American mailboxes.

Politics

Beloved Author Gabriel Garcia Marquez was also Important Politically

The Nobel Prize-winning Colombian novelist, Gabriel García Márquez, passed away this week in his home in Mexico City.

Climate Change

Why Climate Deniers are Winning

There’s a reason why overwhelming evidence hasn’t spurred public action against global warming.

Oil Spills

Oil Continues to Wash Up Along the Gulf Coast Four Years After Deepwater Horizon Spill

Residents of Louisiana are tired of BP claiming that the crisis is over.

Human Rights

McConnell Claims he Revealed Sexual Harassment Scandal, but Real Story Differs

McConnell claims he led a 1995 investigation against a GOP senator accused of sexual misconduct. Actually, he took steps to keep it quiet.

Health

Clive Bundy and Others Who Steal from Taxpayers

From Hobby Lobby to the Nevada rancher, members of the far right share a dangerous, anarchic pathology.

Rationality

Fox News’ demented poster boy: Why angry rancher Cliven Bundy is no patriot

The right’s new fixation: An angry old white man who thinks freedom means not having to follow the law.

Politics

Rand Paul Bailed on his Plan to Reform Big-Money Politics

As a candidate, he touted a proposal to curb the influence of lobbyists and donors. As a senator, he shelved that plan, and accepted contributions from influence peddlers.

President Obama

Obama budget plan would boost U.S. tax revenues, cut deficits: CBO

There is virtually no chance that Congress will advance Obama’s plan in its entirety.

Ukraine News

Ukraine Port Base Attacked

At least three assailants killed during attack on Mariupol base as top-level talks begin in Geneva over ongoing crisis.

Ukraine News

NATO’s Military Presence Increased in Response to Russia’s Aggression in Ukraine

The alliance’s chief said that more air policing aircraft will fly above the Baltic region and warships will be deployed to the Baltic Sea.

Economy

President Obama Addresses Challenge of Economy Through Job-Training Initiatve

Today, Obama will announce an initiative that deals with training workers for skills they need for open jobs.

Banking Policy

“We Are in Great Danger”: Ex-Banker Details How Mega-Banks Destroyed America

“The power has only been more consolidated,” warns Goldman Sachs veteran Nomi Prins in an interview with Salon

Presidential Debate

Millennials Shunned Hillary in 2008. Her Shadow Campaign Won’t Let It Happen Again.

Inside Ready for Hillary’s campus organizing blitz.

FROM THE BLOGS

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