Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Thursday, January 13, 2011
Bonus Bonanza for UK’s Top Bankers / Politics / Credit Crisis Bailouts
Robert Stevens writes: The five biggest UK banks are set to pay out massive bonuses for 2010. Chief executives at HSBC, Barclays, Royal Bank of Scotland (RBS), Lloyds and Standard Chartered will receive millions in bonuses, as working people endure unprecedented cuts in pay, working conditions and social services imposed by the Conservative/Liberal Democrat government.
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Thursday, January 13, 2011
U.S. Recruits Japan As Global Military Partner / Politics / GeoPolitics
During the preceding week the U.S.’s top military officer identified Asia as the central focus of the Pentagon’s attention in the world, U.S. warships joined Japanese counterparts in military maneuvers in the East China Sea for the second time in a month, and Defense Secretary Robert Gates arrived in East Asia on a trip that began in China and will end in Japan and South Korea on January 14.
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Thursday, January 13, 2011
Congressional Security and the Tucson Shooting / Politics / US Politics
Following the Jan. 8 shooting of U.S. Rep. Gabrielle Giffords, Federal District Judge John McCarthy Roll and 17 others in Tucson, Arizona, discussion has focused on the motivations and ideology of the accused shooter, Jared Loughner. While it was important to make a quick assessment of Loughner’s profile in order to evaluate the possibility of an organized threat, all the available evidence (though not conclusive) indicates that he acted alone.
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Wednesday, January 12, 2011
Palin and Tea Party Political Right Tied to Arizona Assasination Spree / Politics / US Politics
Bill Van Auken writes: Mounting evidence has linked the 22-year-old gunman who severely wounded Congresswoman Gabrielle Giffords, killed a federal judge and killed or wounded 18 others in Tucson, Arizona to the political right.
According to a memo issued by the Department of Homeland Security in the aftermath of the shooting spree at a Tucson, Arizona strip mall Saturday, Internet activity by the gunman, Jared Lee Loughner, linked him to American Renaissance, which DHS described as an “anti-government, anti-immigration, anti-ZOG [Zionist Occupation Government], anti-Semitic.” The online publication of the organization advocates white supremacy and racial separation.
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Tuesday, January 11, 2011
Budget Battles Ahead / Politics / US Debt
William Poole writes: I began writing this note on New Year’s Day; the holiday season is over all too early for me as I contemplate the coming year. Along with other investors, I have many worries, but at the top of my list is the budget battle that will be fought in Washington, every state capital and most capitals of high-income countries abroad. As I finish this note, Republicans are now in charge of the House of Representatives.
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Tuesday, January 11, 2011
Arizona Shootings, Paul Krugman Incites Hatred and Ignores His Own Rhetoric / Politics / US Politics
In reading Paul Krugman's column today on the Arizona shooting – a very predictable column, I might add, given Krugman's political views – I am struck by the fact that we have a mathematical economist who adds 2 + 2 and gets 5. Not only is his theme dishonest, but he also goes about presenting the information dishonestly.
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Tuesday, January 11, 2011
EU Prepares to Approve €1 Trillion Master Energy Plan / Politics / Energy Resources
INCIDENT: Towards the end of last year, the European Commission presented its new energy strategy for the next decade, calling for investment of €1 trillion in the EU's energy network, among a series of other measures. Leading Eurocrats hope that an EU energy summit scheduled for next month in Budapest will endorse the proposals and give them some political traction.Read full article... Read full article...
Monday, January 10, 2011
Toward Sensible Monetary Policy / Politics / US Interest Rates
Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money. Not surprisingly, since my chairmanship was announced, apologists for the Fed have been recycling the old canard about how increased transparency threatens the Fed's so-called political independence.
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Monday, January 10, 2011
The Student Loan Debt Bubble, Curse of the First "Austerity Generation" / Politics / Student Finances
Alan Nasser writes: It was announced last summer that total student loan debt, at $830 billion, now exceeds total US credit card debt, itself bloated to the bubble level of $827 billion. And student loan debt is growing at the rate of $90 billion a year.
There are far fewer students than there are credit card holders. Could there be a student debt bubble at a time when college graduates’ jobs and earnings prospects are as gloomy as they have been at any time since the Great Depression?
Monday, January 10, 2011
The Global Effects of the Economic Crisis: A European Strategy for the Left / Politics / Euro-Zone
The global effects of the crisis have been made even worse by what is happening in Europe. For thirty years the contradictions of capitalism have been overcome with the help of an enormous accumulation of phantom rights to surplus value. The crisis has threatened to destroy them. The bourgeois governments have decided to preserve them claiming that we have to save the banks. They have taken on the banks' debts and asked for virtually nothing in return. Yet it would have been possible to make this rescue conditional on some assurances. They could have banned speculative financial instruments and closed the tax loopholes. They could even have insisted that they take responsibility for some of the public debt that this rescue increased so dramatically.
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Monday, January 10, 2011
Spinning Unemployment Figures in a Collapsing U.S. Empire / Politics / Economic Statistics
The Bureau of Labor Statistics (BLS) reported Friday that the economy gained only 103,000 new jobs in December--not enough to keep up with population growth--but the rate of unemployment (U.3) fell from 9.8% to 9.4%. If you are confused by the report, you are among the many.
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Monday, January 10, 2011
V For VENDETTA Has Arrived In 2011 / Politics / US Politics
Remember remember the fifth of November
Gunpowder, treason and plot.
I see no reason why gunpowder, treason
Should ever be forgot...
Monday, January 10, 2011
The World Goes Crazy / Politics / GeoPolitics
“…with all the thought and good intentions that we provided…we achieved absolutely nothing. Nothing that I did and very little that old Ben [Strong, head of the US Federal Reserve] did…produced any good effect…or any effect at all. Except that we collected a lot of money from a lot of poor devils and gave it over to the four winds.”
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Monday, January 10, 2011
Palin In the Crosshairs Following Arizona Shooting / Politics / US Politics
Sarah Palin, "the most dangerous person in America", is a free agent. In Arizona, nineteen people have been shot, six of them dead. There is no excuse for wanton murder. And there are no excuses for those who instigate it. There are no excuses for Palin and Company, Rupert Murdoch, FOXNews demagogues, paranoid-stricken conspiracy theorists, Gold standard fanatics or anti-social neoliberal street-corner market analysts cheering the elimination of private and government workers.
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Sunday, January 09, 2011
Collapse of the Welfare State / Politics / US Politics
Rock a bye baby in the treetop,
When the wind blows the cradle will rock,
When the bough breaks the cradle will fall,
And down will come baby, cradle and all.
Saturday, January 08, 2011
Highly Efficient Systems and Agonizing Death / Politics / Social Issues
"Not one has shown an iota of fear of death. They want to end this agony." - Jack Kevorkian
Perhaps what we need as a society is a better understanding of "efficiency", since it is such a key aspect of all complex systems. Take the human body, for example, which is perhaps the most complex life form that has evolved on Earth. After increasing specialization and inter-connection of various bodily components through millions of years of evolution, the systems of the human body have become extremely efficient at their specific functions. The arteries, veins and capillaries of the cardiovascular system have evolved an intricate fractal design that competently delivers oxygen and nutrients to all of the body's cells as necessary.
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Friday, January 07, 2011
The Next Decade: Where We've Been... And Where We're Going / Politics / US Politics
This book is about the relation between empire, republic, and the exercise of power in the next ten years. It is a more personal book than The Next 100 Years because I am addressing my greatest concern, which is that the power of the United States in the world will undermine the republic. I am not someone who shuns power. I understand that without power there can be no republic. But the question I raise is how the United States should behave in the world while exercising its power, and preserve the republic at the same time.
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Friday, January 07, 2011
The United States Stuck in 2011 Catch 22 / Politics / US Politics
As I began to think about what might happen in 2011, the classic Joseph Heller novel Catch 22 kept entering my mind. Am I sane for thinking such a thing, or am I so insane that asking this question proves that I'm too rational to even think such a thing? In the novel, the "Catch 22" is that "anyone who wants to get out of combat duty isn't really crazy". Hence, pilots who request a fitness evaluation are sane, and therefore must fly in combat. At the same time, if an evaluation is not requested by the pilot, he will never receive one (i.e. they can never be found "insane"), meaning he must also fly in combat. Therefore, Catch-22 ensures that no pilot can ever be grounded for being insane - even if he were. The absurdity is captured in this passage:
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Thursday, January 06, 2011
On the Brink of Catastrophic Economic Collapse / Politics / US Politics
We’ve been told a lot of things since the global economic crisis first became apparent in 2007. In March of that year Federal Reserve Chairman Ben Bernanke said, “the impact on the broader economy and financial markets of the problems in the sub-prime markets seems likely to be contained.” Clearly, Mr. Bernanke’s assessment was incorrect and the sub-prime real estate issues were only part of a broader, systemic issue.
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Thursday, January 06, 2011
Public Education Is Going Down / Politics / Social Issues
I am working with a young man who turned 18 in December. You know what he got for his birthday? A B.A. degree from an accredited college. His parents paid for tuition: under $15,000. The college awarded him his degree for work performed. He did the whole thing at home.
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