ABOARD THE now-jettisoned “Straight Talk Express,” Sen. John McCain loved to talk with reporters about go-to heroes in history, none more than Theodore Roosevelt and Winston Churchill.
The two were famous multitask guys, writing books while directing battles. Neither ever … Read more »
Once upon a time, a politician took campaign contributions and favors from a friendly constituent who happened to run a savings and loan association. The contributions were generous: They came to about $200,000 in today’s dollars, and on top of … Read more »
Lawmakers were still wrangling Thursday night about the Bush administration’s $700 billion bailout of the financial system. Political theater was mainly responsible for the delay, but it will be worth the wait if lawmakers take the time to make sure … Read more »
He was the first economist to forecast – in November 2007 – a credit collapse and major financial system crash, as well as the US economy’s entry into recession. The New York Times recently nicknamed him “Dr Doom.”
From Truthout… Read more »
Hank Paulson’s $700bn rescue package has run into difficulty on Capitol Hill. Rightly so: it was ill-conceived. Congress would be abdicating its responsibility if it gave the Treasury secretary a blank cheque. The bill submitted to Congress even had language … Read more »
I was water-skiing with my children in a light drizzle off Hyannis, Mass., last month when a sudden, fierce storm plunged us into a melee of towering waves, raking rain, painful hail and midday darkness broken by blinding flashes of … Read more »
The Bush administration’s initial plan to bail out Wall Street’s ailing financial markets was just three pages long. It called for Treasury Secretary Henry Paulson to be given unprecedented and unilateral authority to buy up $700 billion in souring mortgage … Read more »
There are about 30 scams the republicans are deliberately using, particularly in the swing states to get democratic voters off the rolls. These scams originate in the so-called Help America Vote Act which was passed after the Florida debacle in … Read more »
If a museum in the next superpower nation ever commemorates the decline of the last great superpower, it will make the two-and-a-half page bill introduced this week the center of the display.
From In These Times… Read more »
How did it come to this? The banksters issue a threat: Hand over $700 billion in taxpayers’ money-on top of the $600 billion already forked over-or we’ll take down the global economy.
There will be a lot of obfuscation… Read more »
