Category Archives: News

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White House Economic Adviser Austan Goolsbee Defends Clever Strategy of Putting Cart Before The Horse

By Susie Madrak Crooks and Lians, June 5, 2011 Tracking the U.S. economy these days is like watching the Titanic go down, except the crew members are running around the deck, waving their arms and saying, “Everything’s fine, don’t panic! Everybody back to the all-you-can-eat buffet!” On This Week with Christiane Amanpour, White House economic adviser Austan Goolsbee insists this is not a jobless recovery and ... Read more

China warns U.S. debt-default idea is “playing with fire”

By Emily Kaiser Reuters, June 8, 2011 (Reuters) – Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially delaying interest payments for a few days — has gained backing from a growing number of mainstream Republicans who see ... Read more

Death Derivatives: Wall Street’s Latest Ill-Advised Maneuver

May 24, 2011 Death Derivatives: Wall Street’s Latest Ill-Advised Maneuver By Keith Fitz-Gerald, Chief Investment Strategist Money Morning, May 24, 2011 I just spotted the next global “black swan.” But I think it actually looks like a giant Pteranodon. I’m talking about so-called “death derivatives.” The Lowdown on “Death Derivatives” After betting trillions on everything from liar loans to ... Read more

New York Times Explains German Nuclear Irrationality

by Peter Hart FAIR, June 3, 2011 The New York Times’ Alan Cowell had a piece (6/2/11) about public opposition to nuclear power in Germany, and the fact that the country’s political leadership has decided to establish policies that conform to that sentiment. It apparently left the Times a bit perplexed: But the German move also raised a question whose answer seemed elusive: What is there in this land of 82 million people that has, ... Read more

The Unrenewed Debate Over Renewable Energy: Little interest in safer, cleaner, even cheaper alternatives to nuclear power

By Miranda Spencer Extra! May 2011 When the March 11 earthquake and tsunami shut down cooling systems at Japan’s Fukushima Daiichi nuclear plant, U.S. government and nuclear industry spin control kicked in, asserting that a similar disaster couldn’t happen here, and that atomic power is here to stay. Corporate news outlets typically got caught up in this spin, relaying distorted and/or incomplete information about our energy options from a ... Read more

Gar Alperovitz: The Prehistory of the Next Possible Progressive Era

By Keane Bhatt, Truthout June 2, 2011 At a time of acute pain for working people – when wages are stagnant, unemployment is high and levels of inequality are without precedent – historian and economist Gar Alperovitz sees not just despair, but hope. Providing rich details of grassroots experimentation born out of necessity, Alperovitz argues that the United States may become the birthing ground for a new, radically transformative ... Read more

Who’s Economy? Its Our Economy!

By Kevin Zeese On April 15th, a concert and protest against Bank of America was held in Union Square Park.  This was the first event organized by Its Our Economy, and it was co-sponsored by 16 other groups concerned about hunger, health care, housing, economic justice and ending war.  Big finance and giant corporate banks are a root cause of the collapse of the U.S. economy and the decay of our political system. See video of protest ... Read more