When I was young, one of the cartoons I enjoyed was Rocky and Bullwinkle. An occasional character was Wrong Way Peachfuzz, who made enough of an impression on other children to merit an entry in Wikipedia:
Read more...By Lynn Parramore, a contributing editor at Alternet. Cross posted from Alternet
Recently, just as turmoil in the Middle East erupted, New York straphangers were treated to hateful anti-Muslim billboards, courtesy of Pamela Geller, leader of “Stop Islamization of America.” It would undoubtedly shock Geller and her Islamophobic buddies to know that Muslims have been in America for so long they could almost have formed a welcoming committee to the Daughters of the Revolution
Read more...Last year, the New York Times’ Nicholas Kristof highlighted a fundamental inconsistency in the increasingly heated discussion about public education in America. In other walks of life, no one would challenge the notion that you get what you pay for. Kristof pointed out that it only made sense that if you wanted better educational outcomes in the US, you need to pay teachers more. But the public wants a pony: higher quality education while demonizing teachers and cutting their pay.
Read more...Philip Pilkington is an Irish writer and journalist living in London. You can follow him on Twitter @pilkingtonphil
Whose owl-eyes in the scraggly wood
Scared mothers to miscarry,
Drove the dogs to cringe and whine
And turned the farmboy’s temper wolfish,
The housewife’s, desultory.
– Sylvia Plath, ‘The Death of Myth-Making’
Read more...Michael Hoexter is a policy analyst and marketing consultant on green issues, climate change, clean and renewable energy, and energy efficiency. Originally published at New Economic Perspectives.
Shrinking “Their” Economy Shrinks Yours
The word “economy” comes from the Greek “oikos” meaning “hearth” or “household”. Everybody has a household economy that looks slightly different from that of their neighbors. However, because of the nature of a monetary economy, household economies are linked quite tightly together and trends that effect one household start to have effects in other households soon or over the longer term. While within the same economy some households can prosper while others do not, generally there is a movement in tandem for some obvious reasons related to how society and the monetary system work.
Read more...By Occupy the SEC. Cross posted from their website
Contrary to critics, who seem to think that the only way for Occupy Wall Street to have an impact is by taking to the streets, the movement continues to focus on developing novel ways to reduce the power of a deeply entrenched, abusive financial services industry. One way is by serving as a people’s lobbyist to shine light on the way critical aspects of financial services regulation are negotiated, usually out of sight of the public.
Read more...Aside from the rise of concerted trolling (which Barry Ritholtz discusses in a post today), it has been hard not to notice what amounts to an increase in collective pissiness among the NC commentariat. One might ascribe it to a multitude of influences: elevated stress produced by a lousy economy, the utter distastefulness of the Presidential campaign, the offhanded corruption among our ruling classes and their minions, the nagging worry that another big shoe might be about to drop (Iran? Europe?).
I’m not about to tell you all to take Soma. But there are a couple of forms of argument that are destructive to the community here, as well as being just plain fallacious.
Read more...Even though most economic commentators focus on the deterioration of the periphery and are nervously taking note of how that is coming to impair the core countries, the strength of the German economy is nevertheless seldom questioned outside the Eurozone.
This Real News Network segment focuses on a generally-overlooked issue: wage suppression and the increasingly precarious conditions that German workers face, and how that plays into Eurozone politics.
Read more...Yves here. The author may seem unduly concerned about political talk to tamp down the fires stoked by the tasteless “Innocence of Muslims” may be part of a more general crackdown on free speech in Europe, but remember in the US how reactions to 9/11 have greatly accelerated the creation of a surveillance state. I very much welcome European reader input.
By Jan Bennink, a Dutch advertising professional and a columnist for the leading newspaper De Volkskrant. He is @superjan on twitter. This column was first published in Dutch on Volkskrant Opiniel. Translated and first published in English by Wolf Richter at Testosterone Pit
As far as I can remember I’ve never been afraid of the government.
Read more...Doug Short at Global Economic Intersection has a must-read post that pulls together some Census Report data on US incomes since 1967 and draws some conclusions. He looks first at real, rather than nominal, incomes, and shows how income in the top 5% and top quintile have grown faster than for the rest of the population
Read more...Long-standing readers have noticed an increase in the amount of trolling in the comments section. It shouldn’t come as a surprise. As traditional broadcast media are becoming less important, both advertisers and PR firms are seeking to influence opinion and popular tastes through social media and blogs. Since I prefer to take a more hands-off approach to the comments section that other bloggers do, it puts me in a bit of a quandary. But the increase in orchestrated efforts to attack certain posts leaves me with no choice but to intervene more heavily.
The post last week from Project S.H.A.M.E. on Megan McArdle is an illustration.
Read more...I got an ugly reminder today of how some people are rabidly attached to the view that debt is the worst evil afflicting modern society (see what happens when you make it easy to get laid and make a boatload of mood altering drugs available with a prescription? The moralists focus their vitriol on the now shorter list of remaining vices).
Read more...We are delighted to post the latest offering of Project S.H.A.M.E., a media transparency initiative led by Yasha Levine and Mark Ames.
Read more...Yves here. As much as I agree with the Black on how remarkably revealing and self-destructive Romney’s claim that nearly half of America consists of economic parasites is, it’s too soon to declare his presidential bid dead. Past studies show that many voters make their decision in the final six weeks before election. Even though Obama looks to be solidly placed, and Romney keeps throwing Hail Mary passes that go awry, you’d expect a sitting President to be further ahead given the caliber of campaign Romney has run. Obama is still exposed to negative events, such as further deterioration in Europe hitting US markets (and it does not necessarily take a full bore crisis, just enough nagging doubt to offset the equity market goosing of QE3), escalating hostility in the Middle East producing a credibility-sapping event, or successful voter suppression and other election day chicanery (just look at how many swing states have Republican governors). Mind you, we believe in keeping pressure on Obama since the Romney horrorshow gives Obama plenty of room to be merely less visibly awful in catering to plutocrats. So it’s important to repudiate the Romney message without giving Obama a free pass.
By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Cross posted from New Economic Perspectives
Charles Murray’s newest book: Coming Apart: The State of White America proves two classic truths. First, it is impossible to compete with self-parody. Second, be careful what you ask for; for you may receive it.
Read more...This edited transcript is expanded from a live phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It summarizes some of the major themes from Hudson’s new book, The Bubble and Beyond: Fictitious Capital, Debt Deflation and Global Crisis, which is available on Amazon.
Q: How has the financial system evolved into the form of economic servitude that you call “debt peonage” in your book, implying a negation of democracy as well as free-market capitalism as classically understood?
Read more...