Wednesday September 02, 2015
January 29th, 2015
At long last, some tectonic plates of American politics have begun to move. The stagnation and decline of the incomes of the bottom 90 percent of Americans have finally shown up on the radar of our political class.
Tough week for the House Republicans. Speaker John Boehner's high point must have been not clapping when President Barack Obama talked about job growth in the State of the Union.
Of all the manifestations of crony capitalism in American history, none is more sickening than the concatenation of racial prejudice, business greed and big-government protection that segregated urban and suburban housing during the 20th century.
I know it is just politics. Still, I never cease to be amazed at those Republicans. My! They are efficient! And, oh how they care about protecting women.
Poor President Obama. Did you catch his State of the Union address? How embarrassing. Somebody forgot to tell him he's a lame duck.
The United States and Europe have a lot in common. Both are multicultural and democratic; both are immensely wealthy; both possess currencies with global reach. Both, unfortunately, experienced giant housing and credit bubbles between 2000 and 2007, and suffered painful slumps when the bubbles burst.
Google Glass has entered the annals of spectacular product failures. Many bright ideas have foundered on the shoals of consumer rejection. The Product Failure Hall of Fame is too small to contain them all. But a few fall from such enormous heights of hype and hope that they deserve special recognition as awesome.
Will she or won't she? She will. And by the time she does, she will have raised more money than any primary contender in history. Just a guess.
Since the end of the 1970s, something has gone profoundly wrong in America.
Inequality has soared. Educational progress slowed. Incarceration rates quintupled. Family breakdown accelerated. Median household income stagnated.