Group items tagged

Without an expansionary fiscal policy, low interest rates have little effect. Companies won't borrow in order to expand and hire more workers unless they have reasonable certainty they'll have customers for what they produce. And consumers won't borrow money to spend on goods and services unless they're reasonably confident they'll have jobs. Fiscal austerity is the wrong medicine at the wrong time.

In assessing what went wrong with the U.S. political process over the past few decades, it's easy to see the broad outlines of the right-wing Republican ascendancy and the liberal-left Democratic decline, an imbalance that has now left the nation incapable of doing much besides waging endless wars, bailing out too-big-to-fail banks, slashing taxes for the rich, and running massive deficits.

Park Capital Management 'Group'- Brentwood being charged with wrong-doing trading as Park Capital Management'Group'.\n

The past three years have been a disaster for most Western economies. The United States has mass long-term unemployment for the first time since the 1930s. Meanwhile, Europe's single currency is coming apart at the seams. How did it all go so wrong?

A new (supposedly) NASA-funded study postulating that aliens may attack humans over climate change had all the ingredients for a perfect Fox faux controversy - it bolstered their anti-science narrative, painted their opponents as clownish radicals, and highlighted wasteful government spending on a supposedly liberal casue. Fox reported the "news from NASA" several times several times today, presenting it as official "taxpayer funded research." A chyron on Fox and Friends read: "NASA: Global warming may provoke an [alien] attack." But as Business Insider pointed out, they're "wrong" - "That report was not funded by NASA. It was written by an independent group of scientists and bloggers. One of those happens to work at NASA." NASA distanced itself from the report as well, calling reports linking the agency to it "not true." Host Megyn Kelly finally corrected the record this afternoon, saying, "I was making that up." But before she did, she was so bemused by the study that she directed her viewers to complete a poll on her website which asked how we should respond to the study: "Immediately increase efforts to curb greenhouse gases," "Develop weapons to kill the Aliens FIRST," or "Gently suggest scientists research how to create job." Not surprisingly, most suggested they research something else. But more than six times as many respondents (19 percent to 3 percent) said we should focus on building weapons to kill aliens before curbing greenhouse gases. Watch a compilation:

In a report for the New York Times' website about Al Gore's "24 Hours of Reality" event about climate change, ClimateWire lent a megaphone to Canadian climate contrarian Tom Harris. The reporter summarized Gore's event and then, ostensibly to provide balance, turned the rest of the article over to Harris, who thinks Gore's event spent "time and energy on something that's not true." ClimateWire quoted Harris' claims that the "amount of climate change impact that humans have is very small," and "This extreme weather thing is not a function of temperature," as well as his allegation that "90 percent of the important facts [in Gore's presentations] are wrong or misrepresented." The article offered no details to support this claim. Nor did mention that the vast majority of scientists agree that humans are changing the climate. And at no point did the article explain who Tom Harris is or why he was quoted evaluating statements about science instead of, say, a climate scientist.

According to the latest ABC News/Washington Post poll, 77 percent of Americans say they "feel things have gotten pretty seriously off on the wrong track" in this country. That's the highest percentage since January, 2009.