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Tax the Rich to Pay for the Bailout
The Senate approved a $700 billion Wall Street bailout on 1 October 2008. The House voted for it on 3 October. Senator Bernie Sanders voted against the bill. Sanders proposed a five-year, 10 percent surtax on families with incomes of more than $1 million year and individuals earning over $500,00 to raise $300 billion to […]
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Bolivia: Defeat of the Right
In the amazing series of elections in South America in the last five years, the most radical results were in Bolivia, with the election of Evo Morales as President. It is not because Morales stood on the most radical platform. It was rather that, in this country in which the majority of the population are […]
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A Primer on Wall Street Meltdown
Flying into New York Tuesday, I had the same feeling I had when I arrived in Beirut two years ago, at the height of the Israeli bombing of that city — that of entering a war zone. The immigration agent, upon learning I taught political economy, commented, “Well, I guess you folks will now be […]
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A subject to reflect on
Under normal circumstances, Cuba is a country where electricity is provided to 98% of the population. There is one single energy production and supply system. The use of power generators ensures supply to crucial centers under any circumstances. And this will again be the case as soon as the power grids are restored.
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Thomas Ferguson and Robert Johnson, Authors of “Bridge Loan to Nowhere”
Play now: Download: mp3 file Cf: “Bridge Loan to Nowhere,” The Nation (22 September 2008) This interview was broadcast on the “Media Matters with Bob McChesney” program (AM580) on 28 September 2008. | | Print
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The Investor’s Prayer
My father, CAPITAL, who are on earth, Almighty God, who changest the course of rivers, tunnelest mountains, separatest contiguous shores, and meltest into one distant nations. Creator of Merchandise, and Source of Life, oh, Thou, who rulest Kings and subjects, laborers and employers, may Thy Kingdom be for evermore on earth. Give us plentiful purchasers […]
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Austria, Bavaria, and Brandenburg Go to the Polls
Bavaria, Germany’s largest state, borders on Austria: both have countless Alpine peaks, lots of men in lederhosen, and many right-wing Roman Catholic traditions. Both had elections on Sunday. Before nightfall many an otherwise happy yodeler showed tightly compressed lips and a grim look. In Austria the main parties, the conservative Austrian People’s Party and the […]