Notwithstanding the very real technological advances that Americans use for their benefit, the standard of living for America’s middle class has been declining for decades.
It’s impossible to surmise what J. R. R. Tolkien’s shade might think about the latest big screen adaptation of his fantasy corpus set in a fictional Middle Earth of elves, hobbits, orcs, and rings of power. But New Zealand director Peter Jackson’s latest cinematic tour de force, The Hobbit: The Desolation of Smaug, is undeniably a very different story than its simple, warm-hearted literary source material.
The Federal Government made $41.3 billion on its subsidized student-loan program in fiscal 2013. Or did it? It has been argued that if more realistic accounting methods were applied to the student loan situation, the government would post significant losses over the long term instead of the claimed profits.
Fifty years ago today, C.S. Lewis died of kidney failure at his home in Oxford, England, and Great Britain is observing the 50th anniversary of the death of one of heir finest writers.
Anyone who believed at the beginning of the last government shutdown that Republicans were going to stand on principle to the bitter end hasn’t been paying attention.
If the U.S. Senate confirms Obama Fed nominee Janet Yellen, she will use her power to ensure the continued ascendancy of the “money trust,” to the long-lasting detriment of America’s dwindling middle class.
President Obama has claimed that America is well on its way to economic recovery, but if job figures, incomes, inflation, and debt are any indication, he’s wrong.
The very fact that the government shutdown has forced Washington to admit that much of what it does is “non-essential” is an important wake-up call.
Salon’s Matt Stoller apparently feels that the 20th-century drive to create world government — obvious in hindsight — is now far enough in the rearview mirror, and the institutions that stemmed from it enough of a fait accompli, to be worthy of open discussion in one of the Web’s most influential magazines.
NAFTA was a major step toward an EU-style North American Union; but grassroots pushback has caused elitists to shift strategy to Pacific Rim and European partnerships.