Here’s the essence of it: you can trust America’s crème de la crème, the most elevated, responsible people, no matter what weapons, what powers, you put in their hands.  No need to constantly look over their shoulders.

Placed in the hands of evildoers, those weapons and powers could create a living nightmare; controlled by the best of people, they lead to measured, thoughtful, precise decisions in which bad things are (with rare and understandable ...

J.P. Morgan Chase & Co., the nation’s largest bank, whose chief executive, Jamie Dimon, has lead Wall Street’s war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face an additional $1 billion of losses, due to excessively risky bets.

The bets were “poorly executed” and “poorly monitored,” said Dimon, a result of “many errors, “sloppiness,” and “bad ...

Austerity was the big loser in the Greek elections on Sunday. The two main Greek parties, who endorsed the austerity pact signed last year, together got just over one-third of the vote. This is an extraordinary rebuke given that between them, these parties have governed Greece since the end of the dictatorship in 1976.

On the anti-austerity side, a left-wing coalition came in second with around 17 percent of the vote. More ominously, a far right anti-immigrant party, which is also ...

When you hear the phrase "property rights," you probably think of farmers fighting environmental regulators and homeowners arguing with oil drillers. But in the Information Age, you should also be thinking about your computer — and asking, how much of you is really yours? It's not a navel-gazing rumination from a college Intro to Existentialism class — it's an increasingly pressing question in the brave new world of social networking and cloud ...

Watch Europe tip left and right as voters rise in fury against the austerity menu that's been bringing them to utter ruin. In Holland, the right-wing Freedom Party leader, Geert Wilders, brought down the governing coalition on Monday bellowing his defiance for the "diktats from Brussels," and asserting, "We must be master of our own house." Labor and Christian Democrats, Holland's major parties, are crumbling.

    Almost ...

When civilizations start to die they go insane. Let the ice sheets in the Arctic melt. Let the temperatures rise. Let the air, soil and water be poisoned. Let the forests die. Let the seas be emptied of life. Let one useless war after another be waged. Let the masses be thrust into extreme poverty and left without jobs while the elites, drunk on hedonism, accumulate vast fortunes through exploitation, speculation, fraud and theft. Reality, at the end, gets ...

Europe is in recession.

Britain’s Office for National Statistics confirmed today (Wednesday) that in the first quarter of this year Britain’s economy shrank .2 percent, after having contracted .3 percent in the fourth quarter of 2011. (Officially, two quarters of shrinkage make a recession). On Monday Spain officially fell into recession, for the second time in three years. Portugal, Italy, and Greece are already basket cases. It seems highly likely France and Germany ...

The corporate propensity for rationalizing the irrational in the pursuit of profit appears to be boundless.

Consider J.R. Simplot, a giant agribusiness conglomerate whose phosphate mining operations in Idaho have grossly polluted creeks with selenium, a highly toxic metal. Simplot's scientists rationalized the corporation's dirty deed with a 1,200-page study asserting that even though the selenium contamination of creeks was well above levels allowed by environmental law, ...

President Barack Obama’s re-election campaign launched its first Spanish-language ads this week, just after returning from the Summit of the Americas. He spent three days in Colombia, longer than any president in U.S. history. The trip was marred, however, by a prostitution scandal involving the U.S. military and Secret Service. Gen. Martin Dempsey, chair of the U.S. Joint ...

The Lone Ranger was a masked man who was out to bring bad guys to justice. Ed Conard is a masked man who is out to bring bad guys to power.

A multimillionaire financier who was a top henchman in Bain Capital, Mitt Romney's old outfit of corporate plunderers, Conard is currently riding with the small but fearsome Citizens United Gang, which has taken over presidential politics in our country.

Unlike the James Gang, the Dalton Boys, and other robbers of yore who stole from ...

The most dreadful disasters make us wonder how we would respond were we in the middle of it. That's especially true of those events that slowly evolve from concern to horror. On the Titanic, almost three hours elapsed between the thud of the iceberg and the final plunge into the icy Atlantic. When the terrorist attack on the World Trade Center commenced, most of the victims had more than an hour of uncertainty before the first tower fell. Both tragedies involved modern engineering ...

I was out of the country only nine days, hardly a blink in time, but time enough, as it happened, for another small, airless room to be added to the American national security labyrinth. On March 22nd, Attorney General Eric Holder and Director of National Intelligence James Clapper, Jr. signed off on new guidelines allowing the National Counterterrorism Center (NCTC), a post-9/11 creation, to hold on to information about Americans in no way known to be connected to terrorism -- about you ...

Even the world’s most resource-rich country has now been caught in the debt trap. Its once-proud government programs are being subjected to radical budget cuts—cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.

Last week in Ottawa, the Canadian House of Commons passed the federal government’s latest round of budget cuts and austerity measures. Highlights included chopping 19,200 public sector jobs, ...

For more than a year now, the best minds in Washington have assured me (and you) that the Syrian regime of Bashar al-Assad is about to fall. These assurances are always delivered with great confidence, winks and nods oozing gravitas, and yet the wispy Assad, an ophthalmologist masquerading as a despot, hangs on, slaughtering his own people, destroying and despoiling whole neighborhoods, calling the bluff of the Arab League, the Turks and even the European Union, which just the other ...

The basic facts of inequality are beyond dispute: The top 1 percent sucked in more than 42 percent of the gains of economic growth over the last three decades, with the bottom 90 percent sharing less than 37 percent. This means that most of the population has seen little improvement in living standards over this period in spite of the great breakthroughs in technology and increases in productivity.

This background provides the fuel of the Occupy Wall Street movement and its ...

A crisis of capitalism is supposed to create an opening for the political left. But in Europe, the place where the concept of left and right was born, political conservatives have won the bulk of the elections held since economic catastrophe struck in 2008.

Is this about to change?

The conservative victory most noted in the United States was the rise to power of David Cameron, the British prime minister feted at the White House last week. The Conservatives won only a plurality ...

Who is writing that brilliant, stupid, nasty, brave and/or dishonest online comment? We haven't a clue, because the author hasn't shared his or her name, hometown, gender, age and/or nationality. Or even worse, the author pretends to be another real person. Scammers, misfits, crooks, creeps, criminals and nice people all venture through cyberspace without identifying themselves. We can only guess what they're up to.

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The January/February ...

President Obama seems to be enjoying some good luck in that the economy appears to be picking up just in time for his re-election campaign. While the economy is still weak by almost any measure, growth is likely to be in the 2.5-3.0 percent range for 2012. This should lead to the creation of close to 2 million jobs and a modest drop in the unemployment rate.

That ...

Given my own deep prejudice toward religious zealotry, it has not been difficult for me to accept the conventional American view that Ayatollah Ali Khamenei, the supreme theocratic ruler of Iran, is a dangerous madman never to be trusted with a nuclear weapon. How then to explain his recent seemingly logical and humane religious proclamations on the immorality of nuclear weapons? His statement challenges the acceptance of nuclear war-fighting as an option by every U.S. president since ...