by David Suzuki and Ian Hanington. The failure of world leaders to act on the critical issue of global warming is often blamed on economic considerations. Putting aside the absurdity of prioritizing a human-created and adaptable tool like the economy over caring for everything that allows us to survive and be healthy, let’s take a look at the economic reality...
by Dan Furst. The dire events of 2007-2011, strange as they look from the usual economic perspective of policies and numbers, make perfect sense within the context of history and astrology. The financial calamity of the early 21st century, and the climate of fraud and folly that made it possible, are exactly what we could expect at the end of the Piscean Age.
by John Robbins. Chocolate isn't the only American staple produced by slaves. On some Ivory Coast farms, child slaves harvest coffee beans as well as the cacao pods that yield cocoa beans. More than 7,000 tons of Ivory Coast coffee arrive in the U.S. each year...
Rachel Maddow offers one the of the best explanations of the mess that has been made by mortgage companies, which includes the largest banks in the US. It has the potential to derail everything in its path.
Recent stories are starting to reveal just what a mess the US banking system has created. Bailed out in 2008, major banks are starting to reveal why they had to be bailed out in the first place and why they need to be broken up.
Food prices jumped in 2010-11, the second price spike within 3 years. Longer term financial, agricultural, and demographic trends, exacerbated by short-term production shortfalls, set up conditions for the increases.
Federal Reserve Chair Ben Bernanke held his third news conference. He said the central bank would not take any new actions to stimulate the economy, and further it must be "free from political pressures" to make decision. He also stated he understands the midset of the Occupy Wall Street protestors around the nation, remarking "Unemployment is far too high, and we now have a more unequal society than we've had in the past.
PIGS is short for Portugal, Ireland and Italy, Greece, and Spain. With Italy at this moment under fire, Greece and the others look downright stable. The big question is pending now is will the Euro survive and if not want, what effect it will have in the US if it collapses.
by Robert Reich
Herman Cain’s bizarre 9-9-9 plan would replace much of the current tax code with a 9 percent individual income tax and a 9 percent sales tax. He calls it a “flat tax.” The flat tax is a fraud. It raises taxes on the poor and lowers them on the rich.
by bobby jennings.
After the great "Sucking Sound" - a phrase coined by Ross Perot to predict the outcome of NAFTA - then WTO and more, and now with this new round of free trade globalization agreements, the American labor force has been sold out again by an equal opportunity political system.
As Europe struggles with the survival of the Euro, the latest big bank bailout is the Dexia Group. France, Belgium and Luxembourg agreed to a rescue plan for Dexia. But is this the start of a more serious problem?
by Norman E. Rosenthal. Setting aside the benefits to your health, how much might you (and society at large) save financially on healthcare by regular practice of Transcendental Meditation? The question takes on urgency in these times of spiraling health costs, and fortunately it has been studied.