There's something inherently wrong with a political economy where those in power sell the people a bag of goods: Tax cuts for the rich and corporations; deregulation; "free trade" bills; wars and excessive military spending; slashing social programs.
As news consumers, we need to warn one another to Be Smart when we encounter the supernova-size explosions of myths, stereotypes, negativities and illusions that bombard us daily.
The Cramer interview is breathtaking in exposing the administration's total lack of understanding of the distorted formation of the price of oil and gasoline in today's markets and seemingly impervious to its cost to the economy and its destructive impact on jobs.
As a journalist, however, Henry Blodget is free to opine away, short of engaging in "market manipulation," which is about as easy to define as pornography. That separates him from stock analysts, who remain subject to a bevy of SEC rules and regulations.
Maybe U.S. based companies are doing "well," but we live in a global economy. Limiting investments to U.S. based companies deprives investors of opportunities in other countries and reduces their ability to diversify risk.
On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.
For all of the pundits who say that Obama is beatable the question is, beatable by whom? Mitt Romney? What has he recently been up to? He has been meeting with the British Prime Minister and other high level British officials.
Almost overnight, a historic and popular service, like Social Security, faces extinction. But behind this outcome, the Koch echo chamber has been churning for years.
A real friend would tell a guy like LeBron James that he is really messing up his image and his brand. But his yes-men entourage never will. They don't want to get kicked off the gravy train.
The Journal informs us this morning that hedge funds are bouncing back. I'm liking this news a lot. It means rich people are once again seizing control of the market and taking bigger chances with their money.
The old Goldman Sachs was revered and respected as the toughest of competitor on an even playing field. But much seems to have been lost in translation with its latest incarnation.
In places as different as LA and Salt Lake City, local voters had to first recognize the benefit of public transportation by voting for sales tax increases that are helping pay for expansion projects.
The incisive logic of Ralph Nader's Unsafe at Any Speed applies equally to nuclear power -- and furthermore, to the workings of the military-industrial complex with which it is intimately intertwined.
There have been two examples over just the past few days of guys whose careers depend on America's ongoing and abusive love affair with Wall Street saying something unbelievably tone deaf.
Citigroup just sent me its annual statement and ballot to vote on suggestions from its Board of Directors, which, among other things, extends its flirtation with a reverse split that began two years ago.
Blazoned on the top of the CNBC News page was the headline, "US Futures Turn Higher Following OPEC News." The article goes on to advise that OPEC was considering raising production for the first time in two years.