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The Big Money economy is booming. According to a new Commerce Department report, third-quarter profits of American businesses rose at an annual record-breaking $1.659 trillion - besting even the boom year of 2006 (in nominal dollars). Profits have soared for seven consecutive quarters now, matching or beating their fastest pace in history.

Progressive leaders led by Ralph Nader and Cornel West unveiled a proposal today to challenge President Obama in the Democratic Party's presidential primaries in 2012. The proposal, which has been endorsed by over 45 distinguished leaders, seeks to have a slate of six candidates run against President Obama, each representing a field in which Obama has never clearly staked a progressive claim or where he has drifted toward the corporatist right. "Without debates by challengers inside the Democratic Party's presidential primaries, the liberal/majoritarian agenda will be muted and ignored," said Ralph Nader.