This week’s decision by the US Supreme Court to allow corporations, including unions, to hold full rights to free speech and political action under the First Amendment to the Constitution once again reminds me of —>> read more –>>
Anti-Wall St Does Not Mean Anti-Business President Obama’s proposals to break up the “too large to fail” mega banks and otherwise reapply the Glass Steagall Act to the financial sector has predictably brought loud complaints —>> read more –>>
There is much to applaud in Obama’s speech: control of nuclear weapons, assertion of human and civil rights, multilateralism in conflict resolution and enforcement, denial of religion as a justification for oppression of others.
But, we come to a significant claim, one that the US government has asserted for my entire lifetime, and which the US media and populace would support: “Whatever the mistakes we have made, the plain fact is this: the United States of America has helped underwrite global security for more than six decades with the blood of our citizens and the strength of our arms.” And, Obama continues with the summary moral claim that underlies this assertion, “We have borne this burden not because we seek to impose our will. We have done so out of enlightened self-interest – because we seek a better future for our children and grandchildren, and we believe that their lives will be better if other peoples’ children and grandchildren can live in freedom and prosperity.” —>> read more –>>
Manias, Panics, and Crashes: a history of financial crises, fourth edition by Charles P. Kindleberger (New York: Wiley 6th edition 2011) A recent Wall St Journal article described this book as a “must read” classic —>> read more –>>
The current New York Review of Books has an article by James Bamford, “Who’s in Big Brother’s Database” that reviews the new book by Mathew M. Aid, The Secret Sentry: The Untold History of the —>> read more –>>
Americans do not like to use the word “empire” in reference to the country’s role in the world. Our Presidents uniformly role out rhetoric that sounds just like Obama’s. Here is a paragraph from his Inaugural speech:
And so, to all the other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born, know that America is a friend of each nation, and every man, woman and child who seeks a future of peace and dignity. And we are ready to lead once more.
This is heart warming. But, turning to some of the facts on the ground…… —>> read more –>>
The Obama administration is touting the action taken this week against Pfizer for illegal promotion of several of its drugs. The $2.3 billion sounds like a lot of money to me, and I suspect most people. Is it really a lot of money or just an annoyance to a large company, just another cost of doing business? —>> read more –>>
Acknowledge the basic facts about how the healthcare system is working today. Yesterday in a radio interview, “How to conquer health care challenges”, with Professor Glenn Melnick from the Rand Corporation and USC, we were again offered —>> read more –>>
An article in today’s NYTimes about cyber crime, malware, etc. suggests to me that another line of attack may be through the Internet against our utilities, telecoms, or financial institutions. There have already been massive —>> read more –>>
The arrival by small boat of the Mumbai terrorists reminds me of a persistent fear here. A small freighter or a large one loaded with containers will pull into Conley Terminal in South Boston and —>> read more –>>