Thursday December 18, 2014
Three years after the Occupy movement first directed long-overdue attention to the scourge of inequality in America, the gulf between rich and poor has gotten too big for even the Federal Reserve to ignore.
As Federal Reserve Chair Janet Yellen recently pointed out, half of us now own a mere 1 percent of America’s household wealth.
Sometimes a tragedy is just a tragedy, and not necessarily a melodrama pitting good against evil. No heroes, no villains, just a terrible misfortune and a damned shame.
We accept that when people are killed by tornadoes. Otherwise, however, many prefer the illusory comforts of a well-told tale -- particularly one that reflects favorably upon their own ethnic tribe or political cohort, and unfavorably upon others.
Only a few months ago, President Barack Obama announced the good news that our combat role in Afghanistan — the longest war in U.S. history — would finally end by New Year’s Day.
Put away that champagne.
Great news! After a year of hapless floundering, Congress appears well on its way to passing a major tax bill that will be signed by President Barack Obama.
The bill, which the House approved on Wednesday, takes 50-odd expired tax breaks and extends them - for several weeks.
When asked about recent allegations against Bill Cosby, Chris Rock fell into what is for him an unusual position. He was at a loss for words.
"I don't know what to say," he told New York magazine. "What do you say? I hope it's not true. That's all you can say. I really do. I grew up on Cosby. I love Cosby, and I just hope it's not true."
Will plummeting oil prices succeed in reining in Vladimir Putin's aggressive foreign policy where Western diplomacy and economic sanctions have so far failed? Might the shock to Russia's oil- exporting economy be so great as to destabilize Putin's regime itself?
Question for Speaker John Boehner: Are you better off than you were a month ago? Yes, yes, yes. Finally, the conditions are ripe for a duffer with a year- round tan, a pack of smokes and a glass of Merlot to do some business.
The U.S. economy finally seems to be climbing out of the deep hole it entered during the global financial crisis. Unfortunately, Europe, the other epicenter of crisis, can't say the same. Unemployment in the euro area is stalled at almost twice the U.S. level, while inflation is far below both the official target and outright deflation has become a looming risk.
Shortly before Michael Brown’s fateful encounter with Ferguson cop Darren Wilson, I was appointed as a teaching assistant in a class on race and ethnicity.
I’m white. I didn’t go to grad school to study race — I study agriculture. When it comes to race, I’m clueless.