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Republican Presidential Candidate Mitt Romney's father George Romney, former chairman of American Motors, on the cover of TIMEMitt Romney famously wrote an op-ed in the New York Times a few years back called, “Let Detroit Go Bankrupt
The competing plans proposed by California's Jerry Brown and Molly Munger (both "committed liberals," says the hometown paper) are a rare thing: two distinct visions of how to raise revenue and strengthen essential state programs. Both the governor and Ms. Munger, daughter of the illustrious Berkshire Hathaway Vice-Chairman, advocate raising taxes.
The economic consulting business is experiencing quite a boom. A continuing battle rages between the banks and the public’s interests over implementation of the Volcker Rule provisions of the Dodd-Frank financial sector reform legislation.
This is the fourth interview in the Black History Month series "Perspectives on Black Politics in the Age of Obama." It has been selectively edited for print, but the full audio will be available at wbai.org. The other interviews can be found at demos.org/rakim-brooks.
The young participants in Shake-A-Leg Miami’s Saturday program — mostly kids with physical and developmental challenges — arrive at the aquatic facility in Coconut Grove around noon each week to find some 30 students from MAST Academy waiting for them. Those high school volunteers come to organize kayak rides, basketball games and lunch. Yes, the Shake-a-Leg participants benefit tremendously. But those who gain the most are perhaps the volunteers, themselves.
One core assumption of political economy, going back to Marx, is that the owners of capital will not do anything that benefit workers unless their hand is forced -- either by labor unions or government. When it comes to who gets what under capitalism, the logic goes, raw power is all that counts.