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Matt Taibbi on Politics and the Economy Thank You, Rolling Stone | BLOG ENTRY Today is my last day at Rolling Stone. As of this week, I’m leaving to work for First Look Media, the new organization that’s already home to reporters like Glenn Greenwald, Jeremy Scahill and Laura Poitras. I’ll have... February 20, 2014 10:35 AM ET Ex-Morgan Stanley Chief Jams Foot in Mouth, Complains of CEO Abuse | BLOG ENTRY There's a ton of interesting stuff going on in the Wall Street sphere of late – I'm trying to find some time to do a proper write-up of the extraordinary lawsuit just filed by the Better Markets... February 13, 2014 5:30 PM ET The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet | ARTICLE Call it the loophole that destroyed the world.
America’s Three Deficits - Laura Tyson Exit from comment view mode. Click to hide this space BERKELEY – This year began with a series of reports providing tantalizing evidence that economic recovery in the United States is strengthening. The pace of job creation has increased, indicators for manufacturing and services have improved, and consumption spending has been stronger than anticipated. Why Russia sticks by al-Assad By Anna Borshchevskaya, Special to CNN Anna Borshchevskaya is the assistant director of the Dinu Patriciu Eurasia Center at the Atlantic Council. The views expressed are solely those of the author. As Syrian atrocities have escalated, so too has U.S. frustration with Russian intransigence. On July 19, after Russia and China vetoed sanctions against the al-Assad regime, the White House called their decision “deplorable and regrettable.” There are many reasons for Russian intransigence.
In 2000, Too Many Liberals Told Themselves Election Didn't Matter. Will The Same Thing Happen In 2012? The presidential election of 2000 still makes me angry. Mostly that’s because of the grotesque way it ended, with five Republican-appointed Supreme Court justices shutting down the Florida recount. But partly that’s because of the liberal apathy that first put the outcome into doubt. Throughout the campaign, plenty of liberals told themselves the election didn’t really matter, because the differences between the two candidates weren’t that stark.
Why America spends while the world saves Editor's Note: The following is an edited transcript of my interview with Sheldon Garon, a professor of history and East Asian studies at Princeton University and author of the new book, Beyond Our Means: Why America Spends While the World Saves. Why Americans don't save Amar C. Bakshi: U.S. household saving rates peaked in the 1980s at around 11 percent, and by 2005, they had plummeted to near zero. How did America go from a nation of savers to a nation of consumers? Sheldon Garon: Well, in fact, before World War II we weren’t a nation of great savers.
Syrian rebels threaten to attack Russian naval base - World Syrian rebels have threatened to attack Russia's naval base at the port of Tartous if Moscow continues to supply weapons to President Bashar al-Assad's regime. "We have a warning for the Russian forces: if they will send any more weapons that kill our families and the Syrian people we will hit them hard inside Syria," said Louay al-Mokdad, a logistical coordinator for the Free Syrian Army (FSA). "Informers inside the regime are telling that us that there is a big weapons' shipment arriving at Tartous in the next two weeks. We don't want to attack the port, we are not terrorists, but if they keep acting like this we will have no choice." The FSA has formed a 'Naval brigade', made up of defectors from the Syrian navy, which operates close to Tartous.
Manufacturing Illusions) Suddenly, manufacturing is back – at least on the election trail. But don’t be fooled. The real issue isn’t how to get manufacturing back. The Spectacular Rise and Fall of U.S. Whaling: An Innovation Story - Derek Thompson - Business An extinct business offers surprisingly current lessons about the triumph of technology, the future of work, and the inevitable decline of industries that might not be worth saving "Some years ago -- never mind how long precisely -- having little or no money in my purse, and nothing particular to interest me on shore, I thought I would sail about a little and see the watery part of the world." -- Moby Dick One hundred and fifty years ago, around the time Herman Melville was completing Moby Dick, whaling was a booming worldwide business and the United States was the global behemoth. In 1846, we owned 640 whaling ships, more than the rest of the world put together and tripled. At its height, the whaling industry contributed $10 million (in 1880 dollars) to GDP, enough to make it the fifth largest sector of the economy.
Extremely LOOONG. I hope to read it soon... by pattychanman Jan 30