The problem with the Bush/Paulson bailout plan is not—I repeat, NOT—the paychecks that financial corporation CEOs receive. Ezra Klein noted this yesterday as well. (With follow up today.) The NYT is now reporting that “Paulson Gives Way on CEO Pay.” Sure, it’d be frosting on the cake to have rescued corporations impose caps on their […]Read More..
If the collapse of Wall Street these past few days has proven anything, it’s that our economic system is unsustainable—the philosophical underpinnings of capitalism (Never-ending growth! Infinite resources!) are a fairy tale. The free market model just doesn’t work. We hate to say we told you so. Rebekah and Stephen Hren, authors of The Carbon-Free […]Read More..
The following has been excerpted and adapted for the web from The Transition Handbook: From oil dependency to local resilience by Rob Hopkins. When we look at the standard Hubbert curve, we see a mountain: a rise followed by a fall, an ascent followed by a descent. There is a sense that we have reached […]Read More..
Robert Kuttner is guest blogging at Powells.com this week. In his post he presents an alternative to Secretary Treasury Henry Paulson’s $700,000,000,000 Wall Street bailout plan, which he calls, appropriately, “the Kuttner plan.” Paulson’s proposal would initiate a massive shift in the balance of government (favoring the Executive Branch, of course) and a complete lack […]Read More..
Gov. Sarah Palin appears disastrously unprepared for the Vice Presidency (let alone, shudder to think, the Presidency). And yet a distressing number of white women are flocking to the Palin and McCain McCain/Palin ticket. What’s up with that? Madeleine M. Kunin, author of Pearls, Politics, and Power: How Women Can Win and Lead examines this […]Read More..
Senator Bernie Sanders (I-VT) just released this video urging us to sign his petition to stop the bailout of the Wall Street criminals and government cronies. I put it on YouTube for everyone to see. Watch Bernie, and then sign his petition at the link below. Sign the petition: http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1Read More..
The following article is by Robert Kuttner, author of Obama’s Challenge: America’s Economic Crisis and the Power of a Transformative Presidency. Support for the Paulson plan continued to unravel late Monday and Tuesday morning, as the Treasury Secretary prepared to face two days of scorching hearings on Capitol Hill. In many ways Paulson is the […]Read More..
Senator Bernie Sanders (I-VT) is a national treasure. He never fails to speak his mind with passion and clarity. Too often he is dismissed as the kookie-haired Senator from the bluest state in the nation. (And Proud of It!) But Bernie is a man of the people. And in these times when it is difficult […]Read More..
The following article was contributed to ChelseaGreen.com by Robert Kuttner, author of Obama’s Challenge: America’s Economic Crisis and the Power of a Transformative Presidency. Treasury Secretary Hank Paulson spent the past two weeks playing a game of chicken with firms like Lehman Brothers and A.I.G. Now he is playing even higher-stakes chicken with Congress and […]Read More..
Economist and author Robert Kuttner saw the writing on the wall long before many in Washington were even aware of the looming economic collapse. He was so incensed by the lack of foresight by our nation’s leading financial giants that he wrote Obama’s Challenge: America’s Economic Crisis and the Power of a Transformative Presidency. The […]Read More..