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Blog postAll Are Equal, Except Those Who Aren't
This was originally posted on Tom Dispatch on February 26th, 2019
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it.
In terms of Newton’s first law of motion: those in po -
Blog postIt was with a mix of heavy sadness and eternal respect that I learned of the passing of Congressman Walter Jones. Over the past few years, many visits to his office and collaborations on various bi-partisan events on the Hill, I came to know him as one of the most genuine public servants in Washington.
He was a true gentleman. I came to call him my friend.
He routinely voted across party lines, to the chagrin of his own party. And with integrity.
He -
Blog postThe Inequality Gap on a Planet Growing More Extreme
This was first posted on Tom Dispatch, December 13, 2018
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out of office in such a sweeping fashion?
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Blog postDown the Financial Rabbit Hole With President Trump
This first appeared in Tom Dispatch, Sept 16, 2018
Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America’s most innovative company by Fortune Magazine to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron ended up in bankruptcy with jail time for those involved. Its shareholders lost -
Blog postFive Financial Uncertainties of 2018 (So Far)
This first appeared in Tom Dispatch, August 2, 2018
Here we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. True, he’s not polished in his demeanor, but he has an unerring way of instilling the most uncertainty in any situation in the least amount of time.
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Blog postHow Donald Trump’s Trade Wars Could Lead to a Great Depression
This first appeared in Tom Dispatch, June 21, 2018
Leaders are routinely confronted with philosophical dilemmas. Here’s a classic one for our Trumptopian times: If you make enemies out of your friends and friends out of your enemies, where does that leave you?
What does winning (or losing) really look like? Is a world in which walls of every sort encircle America’s borders a goal worth seeking? And what would -
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Blog postThis piece first appeared in TomDispatch.
Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in plain sight with trillions of dollars in play and an economy to commandeer. While we’ve been bombarded with a litany of scandals from the Oval Office and the Trump family, there’s a crucial institution in Washington that few in the media seem to be payi -
Blog postThis piece first appeared in TomDispatch.
Here we are a little more than a year into the Trump presidency and his administration’s body count is already, as The Donald might put it, “unbelievable, perhaps record-setting.”
Among the casualties are Secretary of State Rex Tillerson; my former boss at Goldman Sachs, economic policy chief Gary Cohn; National Security Advisor Michael Flynn; FBI Director James Comey; White House Press Secretary and Communications Director S -
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Blog postThis article first appeared in Truthdig.
As Jonathan Swift once noted: “There is nothing constant in this world but inconsistency.”
That’s the operative motto for all things Trump, one that makes analyzing the gap between what he thinks and what he tweets much easier. Along those lines, my former boss from my Goldman Sachs days—Gary Cohn—just resigned from his White House post as chief economic adviser to the Chaos Producer in Chief. This was ostensibly in protest a -
Blog postDefeat Senate Deregulation Bill S 2155!
Since the financial crisis, the nation's biggest banks received billions of dollars in taxpayer subsidized bailouts, paid billions of dollars in fines for a range of criminal and quasi-criminal activities, bought billions of dollars of their own stock due to a cheap money policy sold to the public as a means to stimulate the economy, rather than lend to average citizens, had access to trillions of dollars of loans from the Federal Reserve to bo<
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