Category: Uncategorized
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The G8: Humanitarian Failure and Making the World Safe for Corporate Power
It’s hard to dismiss the temptation to write off the G8 meetings as a meaningless talkfest. On the other hand, when the political leaders of the most powerful countries get together and issue joint statements, it may be worth looking at what these planetary stewards have in mind. This is particularly true at a time…
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High Flyers and Soaring Inequality
Private and corporate jet sales are taking off, reflecting an increase in the extreme concentration of wealth in the United States and around the world. Worldwide sales of private jets have more than doubled since 2003, to $19.4 billion in 2007. The number of jets sold increased 28 percent between 2006 and 2007 alone, and…
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Behind Skyrocketing Oil Prices
Yesterday comes the news that the Commodity Futures Trading Commission (CFTC) is investigating potential manipulation of the oil trading market. That’s a good thing, though the CFTC is not exactly the most aggressive regulator around. (Says Judy Dugan of Consumer Watchdog: “On its face, the investigation smacks of the fox investigating a hen shortage in…