When I heard Republican Sen. Lindsay Graham of South Carolina call for bank nationalization, and Sen. Chuck Schumer say “well .... let’s hold on a little longer,” I considered re-reading Alice in Wonderland. Schumer’s reluctance merely exposes him as a liberal pawn of Wall Street (there was never much doubt about that), but in fact it’s now hard to find an economist who does not favor nationalization as the only means of removing toxic assets from bank balance sheets and restarting lending.
WASHINGTON — When President Barack Obama signed the $787 billion economic recovery bill to create millions of new jobs and extend safety-net programs for millions of unemployed workers and the poor, it was a stunning victory over Republican stonewalling. It was also a victory over corporate media naysayers, who are pounding a negative drumbeat against Obama and his New Deal type approach to rescuing the plunging economy
In Jackson, Miss., when the air is heated all day by a blazing sun, it doesn’t cool off at night. Instead, like a sponge, it soaks up the moist winds coming up from the Gulf of Mexico. I remember how, on a hot and humid July night in 1981, I counted the steps from my car door to the motel entrance, praying that there would be an air conditioner inside.
February 16 (Xinhua) Nate Robinson of the New York Knicks upset defending champion Dwight Howard to win the slam dunk competition Saturday at the NBA All-Star weekend.
February 16 (Xinhua) A man died on Saturday after being shot by police with a Taser gun, becoming the latest victim of Taser guns, authorities said on Sunday.
Crew members of Continental Connection Flight 3407 were talking about 'significant ice buildup' shortly before the plane dived into a one-home house, killing all 49 aboard and 1 man in the house on Thursday, authorities said on Friday.
As California’s budget debacle enters its fourth month, labor and environmental organizations are stepping up their fightback against the Republican drive to gut vital labor and environmental protections.
Controversial 'American Idol' contestant and former child star Joanna Pacitti has been booted off the talent show, apparently due to her past in the music business.
If anyone had any doubt that touring is where the money is in today's music business, a look at Billboard's top moneymakers of 2008 should hammer the point home.
The Southern Poverty Law Center in a recent report charges that three Washington D.C. organizations have racist roots and that they were the most responsible for blocking comprehensive immigration reform in 2007. All three — the Federation for American Immigration Reform (FAIR), the Center for Immigration Studies and NumbersUSA — are part of a single chain of lobbyist groups conceived and funded by John Tanton, known as an extreme white nationalist and anti-immigrant culprit, says the law center.