In Election 2012’s theatre-of-the-absurd “foreign policy” debate, Iran came up no less than 47 times. Despite all the fear, loathing, threats, and lies in that billionaire’s circus of a campaign season, Americans were nonetheless offered virtually nothing substantial about Iran, although its (non-existent) WMDs were relentlessly hawked as the top U.S. national security issue. (The world was, however, astonished to learn from candidate Romney that Syria, not the Persian Gulf, was that country’s “route to the sea.”)

Now, with the campaign Sturm und Drang behind us but the threats still around, the question is: Can Obama 2.0 bridge the gap between current U.S. policy (we don't want war, but there will be war if you try to build a bomb) and Persian optics (we don't want a bomb -- the Supreme Leader said so -- and we want a deal, but only if you grant us some measure of respect)? Don’t forget that a soon-to-be-reelected President Obama signaled in October the tiniest of possible openings toward reconciliation while talking about the “pressure” he was ...

Mark the name of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president. Unless, that is, you happen to be one of the swindlers who has profited mightily from the nation’s economic pain. 

Hubbard is the ideological hit man instrumental in justifying the mortgage derivatives bubble that caused the Great Recession during the George W. Bush years. He now serves as Romney’s key economic adviser and is the front-runner to be the next Treasury secretary should the Republican win.

“Romney’s Go-To Economist” read the headline on a New York Times profile of the dean of Columbia University’s Business School, which notes that “During a stint as chairman of the Council of Economic Advisers for President George W. Bush, from 2001 to 2003, Mr. Hubbard was known as the principal architect of the Bush tax cuts.” In that capacity, and after returning to Columbia, Hubbard was also the chief cheerleader for a runaway derivatives market that spiraled out of control and left the Great Recession in its wake.

While pocketing millions in fees from the financial industry that he was ostensibly studying as a neutral academic, Hubbard was an enthusiastic backer of the virtues of a burgeoning unregulated capital market that sold toxic derivatives to the world. In a landmark paper that he co-wrote in November 2004 with William C. Dudley, at the time the chief U.S. economist at Goldman Sachs, it was asserted, “The capital markets have helped facilitate a major transformation of the U.S. mortgage financing system over the past 25 years. … The result has been a dramatic decline in the cyclical volatility of housing activity.” 

Their study was published by the Global Markets Institute of Goldman Sachs at the very time that Goldman, a leader in the capital market, was packaging and selling some of the toxic mortgage-based derivatives that ...

On this day in 1945 the United States demonstrated that it was as morally bankrupt as the Nazi machine it had recently vanquished and the Soviet regime with which it was allied. Over Hiroshima, and three days later over Nagasaki, it exploded an atomic device that was the most efficient weapon of genocide in human history. The blast killed tens of thousands of men, women and children. It was an act of mass annihilation that was strategically and militarily indefensible. The Japanese had been on the verge of surrender. Hiroshima and Nagasaki had no military significance. It was a war crime for which no one was ever tried. The explosions, which marked the culmination of three centuries of physics, signaled the ascendancy of the technician and scientist as our most potent agents of death.

“In World War II Auschwitz and Hiroshima showed that progress through technology has escalated man’s destructive impulses into more precise and incredibly more devastating form,” Bruno Bettelheim said. “The concentration camps with their gas chambers, the first atomic bomb … confronted us with the stark reality of overwhelming death, not so much one’s own—this each of us has to face sooner or later, and however uneasily, most of us manage not to be overpowered by our fear of it—but the unnecessary and untimely death of millions. … Progress not only failed to preserve life but it deprived millions of their lives more effectively than had ever been possible before. Whether we choose to recognize it or not, after the second World War Auschwitz and Hiroshima became ...

Molly: I didn’t think we had a hometown

I shut off the lights and closed the wide barn doors.

“Once upon a midnight dreary,” Jenn said softly, “while I pondered weak and weary...”

Guests, ranging in age from 8 months to 89 years, sat in rows on old couches and folding chairs. They leaned in close to hear my best friend recite “The Raven” by Edgar Allen Poe. She’d memorized all 18 stanzas for her performance in “The Molly Rose Show,” an annual talent show and birthday party that I hosted in the barn behind my mother and stepfather’s house in Englewood, N.J. Over the years, acts have included readings from a childhood diary, hip-hop dancing, and a ventriloquist act with a baby dressed as the dummy. 

“The Molly Rose Show” came to an ...

The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do.

That progenitor is former University of Chicago economist Robert Mundell. The architect of "supply-side economics" is now a professor at Columbia University, but I knew him through his connection to my Chicago professor, Milton Friedman, back before Mundell's research on currencies and exchange rates had produced the blueprint for European monetary union and a common European currency.

Mundell, then, was more concerned with his bathroom arrangements. Professor Mundell, who has both a Nobel Prize and an ancient villa in Tuscany, told me, incensed:

“They won't even let me have a toilet. They've got rules that tell me I can't have a toilet in this room! Can you imagine?”
As it happens, I can't. But I don't have an Italian villa, so I can't imagine the frustrations of bylaws governing commode placement.

But Mundell, a can-do Canadian-American, intended to do something about it: come up with a weapon that would blow away government rules and labor regulations. (He really hated the union plumbers who charged a bundle to move his throne.)
“It's very hard to fire workers in Europe,” he complained. His answer: the euro.

The euro would really do its work when crises hit, Mundell explained. Removing a government's control over currency would prevent nasty little ...

As students across the country stage a national day of action to defend public education, we look at the nation’s largest school systems — Chicago and New York City — and the push to preserve quality public education amidst new efforts to privatize schools and rate teachers based on test scores. In Chicago, the city’s unelected school board voted last week to shut down seven schools and fire all of the teachers at 10 other schools. In New York City, many educators are criticizing Mayor Michael Bloomberg’s administration after the release of the names of 18,000 city teachers, along with a ranking system that claims to quantify each teacher’s impact on the reading and math scores of their pupils on statewide tests. "The danger is that if teachers and schools are held accountable just for relatively narrow measures of what it is students are doing in class, that will become what drives the education system," says Columbia University’s Aaron Pallas, who studies the efficiency of teacher-evaluation systems. "The effects of school closings in [New York City] is one of the great untold stories today," says Democracy Now! education correspondent Jaisal Noor. "The bedrock of these communities [has been] neighborhood schools and now they’re being destroyed." Karen Lewis, president of the Chicago Teachers Union says, "When you have a CEO in charge of a school system as opposed to a superintendent — a real educator — what ends up happening is that they literally have no ...

Talk to Ai-jen Poo about her work and it won’t be long before you hear language you don’t often hear in the midst of intense social movement campaigning. For one, she does not shy away from talking about “organizing with love.”

A 37-year-old organizer based in New York City, Poo is founder of Domestic Workers United (DWU), a group that waged a successful campaign for landmark legislation in New York state recognizing the labor rights of nannies and housekeepers. Now, as director of the National Domestic Workers Alliance (NDWA), she is spearheading an even more ambitious effort, a Caring Across Generations campaign designed to address the crisis in how we care for our children, our elders, and the disabled in this country.

“I believe that love is the most powerful force for change in the world,” Poo says. “I often compare great campaigns to great love affairs because they’re an incredible container for transformation. You can change policy, but you also change relationships and people in the process.

How does this view square with the fact that campaigns often involve a lot of conflict and acrimony?

“I think that you can love someone and be in conflict with ...

A famous claim in economics is that the cost of services (such as health care and education) tends to increase relative to the cost of goods (such as food, oil, and machinery). This seems right: people around the world can barely afford the rising health-care and school-tuition costs they currently face – costs that seem to increase each year faster than overall inflation. But a sharp decline in the costs of health care, education, and other services is now possible, thanks to the ongoing information and communications technology (ICT) revolution.

The cost of services compared to the cost of goods depends on productivity. If farmers become much better at growing food while teachers become little better at teaching kids, the cost of food will tend to fall relative to the cost of education. Moreover, the proportion of the population engaged in farming will tend to fall, since fewer farmers are needed to feed the entire country.

This is the long-term pattern that we’ve seen: the share of the workforce in goods production has declined over time, while the cost of goods ...

A new policy brief faults prominent institutions and drug companies like Pfizer, Columbia University, Johns Hopkins University, and Population Council, for their involvement in unethical and illegal human experimentation in Africa.

The report is titled “Non-Consensual Research in Africa: The Outsourcing of Tuskegee” in reference to the illegal human experiment conducted in Tuskegee, Alabama, between 1932 and 1972 by the US Public Health Service. In that experiment, some 600 impoverished African-American men were observed in a study on the progression of untreated syphilis. Some of the men were intentionally infected with the disease and all of them were denied the cure. Regrettably, the report notes, no one was held accountable for this crime against humanity.

The new report details human experiments led by US researchers and drug companies on Africans who are typically undereducated, poor, and lack full understanding of their rights. The human subjects often are led to believe that they are receiving medical treatment from governmental health services or health ministries.

These practices hearken back to the appalling experiments carried out by US researchers in Guatemala in the 1940s where hundreds of Guatemalans were deliberately infected with sexually transmitted diseases without information or consent. President Obama formally apologized to Guatemala for these experiments last year.

Human experimentation in the United States is regulated by the Office of Research Integrity and various Ethical Research Institutional Boards. Many African countries lack these institutions. Even when they exist, they lack independence and are controlled by corrupt government officials.

In one experiment on HIV sponsored by Gilead Sciences, the ...