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How Mortgage Lending Became An 'American Casino'

A cabal that includes the nation's largest financial institutions, the U.S. Chamber of Commerce and some leading right-wing think tanks has succeeded in postponing congressional consideration of a consumer financial protection agency, and they are aiming to use the...

Getting Mad At The Fed—And Getting Even

Normally, working-class people don't think much about the Federal Reserve and, as a recent article in The New York Times suggests, the Federal Reserve doesn't spend much time thinking about working-class people. But at a community meeting in Cincinnati Tuesday night,...

Making It In America: A Key Progressive Objective

The widespread frustration with this nation's perceived lack of urgency and focus on industrial policy was captured well in Monday's New York Times article on the subject, which contained this sobering fact: "The United States ranks behind every industrial nation...

Harry Alford's Condescension

The right-wing blogosphere is abuzz over the supposed smackdown between Sen. Barbara Boxer and Harry C. Alford, who portrays himself as an "African American and a veteran" who is insulted at Boxer's alleged racism and calls her on it. Well, as an African American I...

The Choice: Second Stimulus Or 'Lost Decade'

It's worth slogging through the minutes of the June Federal Reserve Open Market Committee meeting. Read the deliberations of the Fed board members and staff and you see an economic horizon that is much more dangerous than what is suggested by the assurances of the...

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