Roadmap to Disaster

The Republicans told us what they wanted to do in their “Pledge to America” last year: cut government, slash taxes, and shrink the national debt. But they didn’t tell us how they were going to do it. Now they have. Basically, it involves ripping the...

Squeezing Ordinary Californians and New Yorkers

Following World War II, the United States produced something the world had never seen: a mass middle class. For the first time, a majority of a major nation’s people had real money left over after paying for basic food and shelter. New York and California served...

MLK’s Dream in Jeopardy

The world has changed since Dr. Martin Luther King, Jr. shared his dream on the National Mall in 1963. But this year, during Black History Month, we should remember that King’s messages remain as powerful–and necessary–today. Nearly 43 years after...

Meet the New Media Monopoly

For more than a century, American law has recognized the destructive power of corporate monopolies. When one company controls an entire resource, means of production, or delivery system for products, it gets an unfair advantage over competitors. It can overcharge them...

A Banker who Gets It

Populist banker. Now those are two words you rarely see linked together. But Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, truly is a rarity. Firmly rooted in small-town Iowa and Kansas, he has never aspired to be part of the Wall...

A Lousy New Year for Workers

“What’s good for General Motors is good for the country,” Defense Secretary nominee–and former GM CEO–Charles Wilson famously told the Senate Armed Services Committee in 1953. These weren’t his exact words, but they have resonated...