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Reaganomics Sucked Wealth Up, Did Not Trickle It Down

Sun, 06 Feb 2011 00:00:00 -0800

The Real News - By Paul Jay, Michael Hudson - Feb. 06 (News Analysis) - Michael Hudson on Reagan Centennial: Creating an economy for predators is not respect for a "free market"

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Reaganomics Was Pro Business, Not Pro Free Market

Sun, 06 Feb 2011 00:00:00 -0800

The Real News - By Yves Smith, Paul Jay - Feb. 06 (News Analysis) - So we're hearing President Reagan was one of the great presidents, and the front that he is perhaps lauded most on is on the economy. ...

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Obama to Sanction Indefinite Gitmo Detention

Tue, 11 Jan 2011 00:00:00 -0800

The Real News - Jan. 11 (News Report) - Shayana Kadidal: Indefinite detention gives the appearance of a due process, lets administration get away with not trying people

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NEW FINANCE BILL - WHO REGULATES THE REGULATORS?

Tue, 27 Jul 2010 00:00:00 -0700

The Real News - By Paul Jay, William K. Black - Jul. 27 (Interview) - William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri — Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" — frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

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Those Who Betrayed Got Rich

Sat, 24 Jul 2010 00:00:00 -0700

The Real News - By William K. Black, Paul Jay - Jul. 24 (Interview) - William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri — Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" — frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

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NEW FINANCE BILL WILL NOT PREVENT ANOTHER CRISIS (part 1)

Fri, 23 Jul 2010 00:00:00 -0700

The Real News - By William K. Black, Paul Jay - Jul. 23 (Interview) - William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri — Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" — frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

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Can the US dollar remain the world's currency?

Wed, 21 Apr 2010 00:00:00 -0700

The Real News - By Paul Jay, Jane D'Arista - Apr. 21 (Interview) - Welcome back to The Real News Network. I'm Paul Jay in Washington. And we're joined again by Jane D'Arista. She's an economist at the Political Economy Research Institute (PERI), in Amherst, Massachusetts. She also cofounded Committee of Economists for Financial Reform, Called SAFER. So thanks for joining us again. D'ARISTA: Thank you for having me. JAY: So we're talking about different possible solutions. So you've got another one. What is it? D'ARISTA: Well, an investment fund, global investment fund that would take the balance of payments surpluses of countries and put them into—give them securities for them, sell them securities, and invest the money back into developing countries.

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Haiti and the 'Devil's Curse'

Sat, 23 Jan 2010 00:00:00 -0800

The Real News - Jan. 23 (Special Report) - (Video)

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Afghanistan and Global Dominance

Mon, 04 Jan 2010 00:00:00 -0800

The Real News - By Paul Jay - Jan. 04 (News Analysis) - (video)

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Rep. Edwards to Insist on Robust Public Option

Tue, 08 Sep 2009 00:00:00 -0700

The Real News - By Paul Jay - Sep. 08 (News Report) - (video)

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Did Bernanke save the world?

Mon, 31 Aug 2009 00:00:00 -0700

The Real News - By Robert Pollin - Aug. 31 (Special Report) - President Obama has re-nominated Ben Bernanke to sit as Chairman of the Federal Reserve for another four-year term. Most of the media has praised Bernanke for his handling of the current economic crisis, Obama himself suggests that Bernanke helped save the US from another Great Depression. Economist Robert Pollin points out that Bernanke, as the top bank regulator in the country, played a central role in the creation of the crisis. But more importantly, according to Pollin, is that we review the Fed as a whole, and not just the individual who heads it up.

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McGovern: 'Downing Street' (Part 2)

Mon, 10 Aug 2009 00:00:00 -0700

Consortium News - By Ray McGovern - Aug. 10 (News Report) - McGovern: 'Downing Street' (Part 2) By TheRealNews.com August 10, 2009 The leak of the Downing Street Minutes – written in July 2002 and disclosed three years later – was an “incredible” public service by a brave British truth-teller exposing how the Bush administration “fixed” the intelligence to justify invading Iraq, says former CIA analyst Ray McGovern.

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McGovern on 'Downing Street Minutes'

Mon, 10 Aug 2009 00:00:00 -0700

Consortium News - By Ray McGovern - Aug. 10 (Opinion) - Former CIA analyst Ray McGovern recalls the remarkable case of the Downing Street Minutes, the documentary proof of President George W. Bush’s willful misuse of intelligence to justify an aggressive war in Iraq -- and the unwillingness of the major U.S. news media to do much with the evidence.

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US Confronts the Russia-Iran Alliance

Wed, 05 Aug 2009 00:00:00 -0700

Consortium News - By Pepe Escobar - Aug. 05 (News Analysis) - While the Bush and now Obama administrations have sought to pressure Iran on its nuclear program, Tehran has been building up a stronger relationship with its historic adversary, Russia, and with other countries outside the U.S. orbit, like Venezuela.

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Wall St. Rally Masks Deeper Problems

Tue, 28 Jul 2009 00:00:00 -0700

Consortium News - By Paul Jay, Richard Wolff - Jul. 28 (News Analysis) - Wolff says the improved corporate balance sheets have resulted more from laying off workers and reducing costs than in selling more products and raising revenues. Workers have been forced to make concessions, but that decreases chances for a healthy recovery, he says.

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Network - Does U.S. poll rule out fraud in Iran?

Thu, 18 Jun 2009 00:00:00 -0700

The Real News - Jun. 18 (News Analysis) - Western media, along with thousands of Iranians protesting around the world, have formed a rough consensus over the six days since Iran's Presidential Election that Ahmadinejad's victory was the result of widespread fraud. However, a recent Op-Ed in the Washington Post references a rare public opinion poll in suggesting that the election may indeed have been fair. While there is not enough information to determine whether or not the election was rigged, this poll certainly doesn't rule out the possibility. If only because the poll's authors concluded prior to the election that the very same data predicted a relatively close vote. Yet today, those same authors are claiming that their figures demonstrate the validity of Ahmadinejad's landslide victory.

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Iran's Struggle Among the Elites

Mon, 15 Jun 2009 00:00:00 -0700

Consortium News - By Pepe Escobar - Jun. 15 (News Analysis) - The political battle underway in Iran is pitting elite forces against one another, with a new powerful alliance emerging between President Mahmoud Ahmadinejad and military hardliners in the Revolutionary Guard and related militias.

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Keeping Single-Payer Off the Table

Fri, 29 May 2009 00:00:00 -0700

Consortium News - May. 29 (News Report) - Baucus, a major recipient of campaign donations from the health industry, also acknowledges that the industry is upset with even a having a public insurance option as part of the reform package. Baucus calls this a “hot button” and says it may have to be “sculpted” to meet the industry’s concerns.

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The Fight for a Public Health Option

Tue, 19 May 2009 00:00:00 -0700

Consortium News - By Paul Jay, Roger Hickey - May. 19 (News Report) - With a “single-payer” health insurance plan off the table in the U.S. Congress, the battle now centers on whether the insurance industry will succeed in killing even a public health plan as an option for Americans.

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A 'Psychic Thrill' for US Empire

Sun, 17 May 2009 00:00:00 -0700

Consortium News - By Bruce Fein, Paul Jay - May. 17 (Opinion) - The United States began as a Republic seeking to avoid foreign entangling alliances, but the nation has been tempted over the past two centuries into becoming an Empire. Bruce Fein, who worked in Ronald Reagan’s adminstration, says the momentum toward Empire has accelerated over the past few decades as the United States established more and more overseas military bases and Americans were sold on the quixotic notion that they could shield themselves from risk.

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NATO Upsets Russia Over Georgia

Thu, 14 May 2009 00:00:00 -0700

Consortium News - By William F. Engdahl - May. 14 (News Report) - Economist and author William F. Engdahl says the military maneuvers inside Georgia underscore continued tensions between Russia and the NATO, which has expanded eastward to Russia’s borders since the end of the Cold War.

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US Pakistan policy is floundering

Wed, 13 May 2009 00:00:00 -0700

The Real News - By Aijaz Ahmad - May. 13 (Interview) - US must work with regional states and pull out of Afghanistan to find Pakistan solution

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Autos at a Dangerous Crossroads

Mon, 04 May 2009 00:00:00 -0700

Consortium News - By Richard Wolff - May. 04 (News Analysis) - The automobile industry is at a crossroads that may demand a more daring direction than the current course being set by the corporations and the Obama administration.

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The Great Autoworkers' Gamble

Sun, 03 May 2009 00:00:00 -0700

Consortium News - May. 03 (News Analysis) - New School economist Richard Wolff says the proposed restructuring is a bigger gamble for autoworkers who have agreed to trade their health care funds for risky shares in the revamped companies.

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Obama's Shaky Ground on Torture

Fri, 01 May 2009 00:00:00 -0700

Consortium News - May. 01 (News Analysis) - Michael Ratner, president of the Center for Constitutional Rights, praises Obama for releasing four memos that laid out a detailed “manual” for abusing “war on terror” detainees, but says the President now has no real choice but to support prosecution for these openly acknowledged criminal acts.

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