By Juan Cole In honor of President Obama’s support for Senator Elizabeth Warren’s bill to address the student debt crisis by offering students with older debt loads lower interest rates [see video below], I’m reprinting this golden oldie. The statistics in it have only gotten worse from a social point of view in the past […]
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Plutocracy
How Reagan subverted the meaning of D-Day & the New Deal of the Greatest Generation
The following is an excerpt from Harvey J. Kaye’s The Fight for the Four Freedoms: What Made FDR and the Greatest Generation Truly Great (Simon & Schuster, 2014). On June 6, 1984, President Ronald Reagan went to Normandy, France, to speak at events…
Can Obama Make good on his Pledge to overturn Citizens United with a Constitutional Amendment?
In his new book, Ken Vogel claims that President Barack Obama told Democratic donors he believes he is in a good position to pass a constitutional amendment to repeal Citizens United. The book, entitled “Big Money: 2.5 Billion Dollars, One Suspicious…
Climate Change, Economic Inequality Are One Debate, says Sen. Warren
By Jon Queally Both issues show clearly that ‘we have a rigged system, where a handful are able to reap benefits at the cost of everyone else.’ Sharing a stage with French economist Thomas Piketty on Monday night in Boston, Sen. Elizabeth Warren discussed a range issues related to economic inequality during a joint interview […]
9 Questions about the 1%, the Unemployed and why the one produces the Other
By Peter van Buren via Tomdispatch Last year eight Americans — the four Waltons of Walmart fame, the two Koch brothers, Bill Gates, and Warren Buffett — made more money than 3.6 million American minimum-wage workers combined. The median pay for CEOs at America’s large corporations rose to $10 million per year, while a typical chief executive now makes […]
Big Media is Boring us into accepting End of Net Neutrality: John Oliver
John Oliver: “Cable companies are trying to create an unequal playing field for internet speeds, but they’re doing it so boringly that most news outlets aren’t covering it. John Oliver explains the controversy and lets viewers know how they can voice their displeasure to the FCC. (www.fcc.gov/comments, for any interested parties)” Last Week Tonight with […]
Faced w/ Global Warming Threat, Obama fudges EPA Carbon Reduction
By Juan Cole President Obama’s decision to unleash the Environmental Protection Agency on US carbon dioxide emitters is a sea change in environmental policy and is extremely welcome to any who care about the planet. But its real significance does not lie in the targets for carbon dioxide reduction Obama has set. Those are way […]
Preying on the Weak: Like Big Tobacco, Big Oil Targets Developing Countries
By Michael T. Klare via Tomdispatch.com In the 1980s, encountering regulatory restrictions and public resistance to smoking in the United States, the giant tobacco companies came up with a particularly effective strategy for sustaining their profit levels: sell more cigarettes in the developing world, where demand was strong and anti-tobacco regulation weak or nonexistent. Now, […]
30 Murders by Firearm in England 2012 (equiv. 164), vs. 8,855 in US
By Juan Cole The mentally imbalanced individual who hunted down UC Santa Barbara students and knifed three and shot 6 of them to death, wounding with gunfire 7 more, on Saturday, used a semi-automatic handgun. The most popular such weapon is a Glock. It is not an automatic weapon, meaning you have to squeeze the […]
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