Inequality

Southwest Harbor, Maine (Special to Informed Comment) – As Congress gets set to debate the Biden Pandemic relief package, one of the favorite Republican lines is the contention that an economic recovery is already well underway. Pouring more money into an accelerating economy is likely to induce seventies style inflation. It is time, they argue, […]

Donald Trump

Who were the Republican Senators afraid of when they Acquitted their own attempted murderer?

Juan Cole

Ann Arbor (Informed Comment) – The odious Trump once smugly observed that “I could stand in the middle of 5th Avenue and shoot somebody and I wouldn’t lose voters.” When it comes to the Republican base, he was clearly correct. The opinion polling shows that registered Republicans still overwhelmingly support Trump even after he unleashed […]

Inequality

The Gamestop Affair shows that America is over-financialized and needs a tax on speculation

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – It would be unfair to suggest that the titans of Wall Street are oblivious to poverty. One of their central themes is the role that financial literacy can play in teaching citizens how wealth is acquired and maintained. In their worldview saving and investing in the stock […]

Arab Spring

Failures of Democracy in America and the Arab Spring

Juan Cole

Ann Arbor (Informed Comment) – Today is ten years since Egyptian youth gathered in Tahrir Square in downtown Cairo demanding the resignation of Egypt’s brutal and corrupt Interior Minister, Habib Adly. Even those who called for the rally were surprised by the thousands of youth and workers that showed up, on Egypt’s Police Day, and […]

Climate Crisis

With Yellen at Treasury, Can we Finally get a Progressive Carbon Tax?

The Conversation

By Rachel Kyte | – Janet Yellen is poised to be the next U.S. Treasury secretary, and her inbox will require every ounce of her vast experience to pilot the economy through a daunting confluence of challenges. How the U.S. manages the economic recovery from COVID-19, the financial risks from climate change and inequality together […]

Congress

McConnell Cynically used the Trump-Monster to get Tax Cuts and SCOTUS, Now Dropping him like a Squeezed Orange

Juan Cole

Ann Arbor (Informed Comment) – In Chapter 7 of F. Scott Fitzgerald’s The Great Gatsby, the enormously wealthy Jay Gatsby becomes concerned about word getting out that he is having an affair with Daisy, who is married to Tom, and abruptly stops having the big parties he had been throwing, to which assorted society flotsam […]

Banking

Letting the Markets go Wild while the People Go Down: A War of the Worlds

Tomdispatch

By Nomi Prins | – ( Tomdispatch.com ) – Sometimes things only make sense when seen through a magnifying lens. As it happens, I’m thinking about reality, the very American and global reality clearly repeating itself as 2021 begins. We all know, of course, that we’re living through a once-in-a-century-style pandemic; that millions of people […]

Donald Trump

Biden to invoke Defense Production Act for Vaccine manufacture. Trump? Playing Golf at Mar-a-Lago

Juan Cole

Ann Arbor (Informed Comment) – Will Feuer at CNBC reports that Joe Biden will invoke the Defense Production Act to ramp up the manufacture of more doses of the coronavirus vaccine. You may ask yourself, why has this not already been done? Trump said on December 9 that he “might” invoke the Korea War-era act, […]

African-Americans

How COVID-19 Hollowed Out a Generation of Young Black Men

ProPublica

By Akilah Johnson and Nina Martin | – ( ProPublica ) – The Rev. Dr. Kejuane Artez Bates was a big man with big responsibilities. The arrival of the novel coronavirus in Vidalia, Louisiana, was another burden on a body already breaking under the load. Bates was in his 10th year with the Vidalia Police […]