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The Great Depression

Needed: A Drastic Economic Transition

Robert Kuttner | Posted 06.30.2014 | Politics
Robert Kuttner

Last month, President Obama belatedly decided that the global climate crisis necessitated action to reduce carbon emission caused by coal. He authorized the EPA to issue draft regulations requiring utilities to cut carbon dioxide emissions from existing coal plants by up to 30 percent by 2030. With climate change and coal's inherent dirtiness not exactly state secrets, I wondered why the president had waited until a difficult election year, when Democrats in coal states face difficult elections. But Obama's unerring sense of timing is a subject for another day. And these proposed regulations, though an improvement, only scratch the surface of what needs to be done. The thought occurred: Wouldn't the economic dislocations of a serious effort on climate change be more bearable if the economy were at full employment?

When Hollywood Turned Left -- And Politics in Films Changed Forever

Greg Mitchell | Posted 05.27.2014 | Entertainment
Greg Mitchell

Conservatives may overstate the impact, but few today would challenge the claim that the movie industry, or "Hollywood" in archaic shorthand, is staunchly, at times proudly, liberal in politics. This has been true for so long that most Americans -- even right-wingers obsessed with this -- have no idea how and why it happened.

Mayor: Some Areas Hit Harder Now Than In Great Depression

The Huffington Post | Byron Kittle | Posted 02.18.2014 | Politics

Lovely Warren, the first female mayor of Rochester, N.Y., said Thursday that for many of her constituents, making ends meet in a still struggling econ...

Learning From the Past; Teach Your Children Well

Linda Novick O'Keefe | Posted 06.02.2013 | Impact
Linda Novick O'Keefe

There are many lessons to be learned in moments from our pasts. Teach your children well and remember that food can be your tool.

Dressing Right

James Berman | Posted 09.09.2012 | Business
James Berman

Stocks have priced in these conditions as well. Incredibly, stocks haven't been this cheap since 1921.

A 99-Year Old Woman Saved My Life

Shannon Bradley-Colleary | Posted 09.02.2012 | Women
Shannon Bradley-Colleary

I lay in bed with her last night holding her birdlike hand, the one that milked cows on her family farm in the 20s, the one that held her mother close after her father's suicide, the one that held me.

Can Writers Learn From The Great Depression?

Posted 12.06.2011 | Books

"There are plenty of people who will write for free." Jason Boog has heard this argument before. "'Writers are complaining? There are more pres...

Time, Well-Being and the Political Moment

Paul Stoller | Posted 10.12.2011 | Technology
Paul Stoller

In America, the land of life, liberty and the pursuit of happiness, there seems to be a limited pool of well-being. We are wired-in, but existentially alone; we are electronically connected in social networks, but isolated from social groups.

When We Can't Count on the Banks or Our Congress

Curtis Roosevelt | Posted 08.01.2011 | Politics
Curtis Roosevelt

President Obama should note that President Roosevelt's slamming the bankers and financiers -- beginning with his inaugural address and right up through his campaign for a second term -- did not destroy the country's banking system.

How Income Inequality Helped Spark the Great Recession

Jake Whitney | Posted 05.25.2011 | Politics
Jake Whitney

Governmental policies over the past three decades have resulted in an indebted middle class. Yet a healthy society depends upon a large and vibrant one. Why aren't Americans more alarmed?

No, the Jobs Crisis Isn't Over: What's the Progressive Plan?

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

The country is careening to the right and progressives are partly responsible. We can cry all we want, but the truth is that progressives lack the compelling, coherent vision we need to deal with the enormous unemployment crisis.

Wall Street's Ten Biggest Lies for 2010

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Before we completely forget that Wall Street is largely responsible for the economic mess we're in, let's revisit Wall Street's greatest fabrications for 2010.

The Taboo Cure For Our National Gloom: Live A Little!

Joe Robinson | Posted 11.17.2011 | Healthy Living
Joe Robinson

We may have avoided an economic depression, but not a psychological one. Despair, helplessness and cynicism have the nation in a headlock, one that has pinned our resiliency to the mat.

A Look At How The Economy Has Fared Since The Recession Ended

AP | By The Associated Press | Posted 05.25.2011 | Business

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George Bush's Memoir: An American Tragedy

Jim Worth | Posted 05.25.2011 | Politics
Jim Worth

It was a dark time in our history. A black pall that befell our great nation. George Bush fooled me once, shame on me. I won't be fooled again! The ...

Dispatches From Incredible 1934 Campaign: Hearst Rips Upton Sinclair, As Heywood Broun Warns of 'Fascism'

Greg Mitchell | Posted 05.25.2011 | Politics
Greg Mitchell

William Randolph Hearst was back at San Simeon after an absence of five months and ready at last to select a candidate in the California governor's race. His papers had been crucifying Upton Sinclair for the past month.

Dispatches From Incredible 1934 Campaign: H.L. Mencken Mocks Upton Sinclair, Riots in Movie Theaters

Greg Mitchell | Posted 05.25.2011 | Books
Greg Mitchell

Upton Sinclair had been swallowing magic potions since the turn of the century, Henry Mencken declared during the California gubernatorial race of 1934, and now he was at it again.

Your Conservative Friend Is Actually a Big Pinko. Or: How We Got Out of the Great Depression.

Aemilia Scott | Posted 05.25.2011 | Politics
Aemilia Scott

Why can Americans unite so quickly and powerfully behind a spending and sacrifice spree in the service of conflict, but can't seem to rationalize public works for sake of our own improvement?

1950s: The Not-So-Silent Generation

Tom Alderman | Posted 05.25.2011 | Books
Tom Alderman

Fred Kaplan's enlivening 1959: The Year Everything Changed, argues that the '50s -- a decade that saw the invention of the microchip and the creation of explosive art -- has been misunderstood in hindsight.

Put Your Money With a Boring Bank

Katy Welter | Posted 05.25.2011 | Business
Katy Welter

What once was seen as a well-paid, respectable career choice for well-educated individuals, Wall Street banking devolved into a "casino culture operating in the financial-services industry."

Where is the "New Deal"?

Hoyt Hilsman | Posted 05.25.2011 | Politics
Hoyt Hilsman

While the strategies for recovery may be different on the right or on the left, the renewal of the government's social contract with its citizens should be paramount.

Five Washington Excuses for Ignoring the Jobs Crisis

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Our current unemployment trough directly violates the social compact that glues together modern industrial societies -- the tacit commitment that business and government will produce a full-employment economy.

Rare Color Photos From The Great Depression (PHOTOS)

Posted 05.25.2011 | Business

These rare color photos from the Great Depression were compiled by the Farm Services Administration from 1939 and 1944, and were recently gathered by ...

Escaping the Sovereign Debt Trap: The Remarkable Model of the Commonwealth Bank of Australia

Ellen Brown | Posted 05.25.2011 | Politics
Ellen Brown

Nearly a century ago, the Commonwealth Bank of Australia demonstrated that banks do not actually need capital to make loans -- so long as their credit is backed by the government.

The Grapes of Wrath Revisited

Lynn Parramore | Posted 05.25.2011 | Business
Lynn Parramore

It's time for a new Steinbeck. And we had better find her quickly, because what's coming if we don't find a new way of relating to ourselves and the world that we are all part of will make the Dust Bowl look like a tempest in a teapot.