On Feb. 26, President Obama delivered an ambitious $3.6 trillion budget that would “finance vast new investments in health care, energy independence and education by raising taxes on the oil and gas industry, hedge fund managers, multinational corporations and nearly … Read more »
Ten years ago the cover of Time magazine featured Robert Rubin, then Treasury secretary, Alan Greenspan, then chairman of the Federal Reserve, and Lawrence Summers, then deputy Treasury secretary. Time dubbed the three “the committee to save the world,” crediting … Read more »
A Spanish court has taken the first steps toward opening a criminal investigation into allegations that six former high-level Bush administration officials violated international law by providing the legal framework to justify the torture of prisoners at Guantánamo Bay, Cuba, … Read more »
Will Obama’s transformative budget survive? As his press conference last night illustrated, it runs a serious risk of drowning in a swamp of cant.
The budget is getting strafed by politicians in both parties for its deficits and debt. (the … Read more »
Last week, in a revelation that produced a surge of populism in Washington and on Main Street, bailed-out insurance firm AIG revealed that it is still planning to pay at least $165 million in bonuses to top executives, many of … Read more »
As he promised during his campaign, President Obama has laid out a new direction on energy policy with his long-term budget proposal, making polluters pay to reduce global warming pollution, build a green economy, and deliver tax credits to 95 … Read more »
It’s unlikely that anyone stood up during the Renaissance and declared: “We’re living in what will always be remembered as mankind’s golden age.” Nor that any soldier on the front lines of World War II bragged, at the time, about … Read more »
I started my career more than two decades ago as a community organizer on the South Side of Chicago, working with churches to help neighborhoods that had been devastated by plant closings. Block by block, we fought to create job-training … Read more »
One of the main reasons the federal government had to intervene and use billions of taxpayer dollars to prop up the nation’s financial institutions is that they were considered to be “too big to fail.” In other words, these companies … Read more »
