The decision to bailout Freddie Mac and Fannie Mae does not alter our deepening dependence on foreign money.
Hurricane Gustav dominated the news, while the coming financial crisis was ignored by press and politicians.
The News Dissector decides not to dissect at the convention in Denver.
As the economy’s foundations continue to crumble, Danny Schechter finds truth-telling about bad news meets denial.
The possible bankruptcy of mortgage giants Freddie Mac and Fannie Mae should make us ask some tough questions.
To understand our presidential election, one needs to understand how much the world has changed—the U.S. can't impose its will any longer.
There is a time in the life of every writer when you find yourself fearing that you have become like a robo-call phone machine—repeating the same message over and over and with diminishing results.
Wall Street has many friends. Its recurring sins and transgressions are pervasive but tend to get a free pass because of the way our society worships markets. Somehow the big boys always tend to take care of themselves.
If you were a banker on The Street this past Sunday, you realized that your "master of the universe" days may be over. "Layoff Fear in Stox Shocks" was the headline in the New York Post. Prosperity has been displaced by panic.
Now that this year's Oscars are history, imagine if you will, an awards ceremony honoring not the best of the best but the worst of the worst, not just spinoffs like the "Razzies" (the Golden Razberries) for movies. Who should we single out as the biggest slime balls and sleazoids who caused the most damage to our society in the year gone by?