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"It started with the launch of Sputnik and ended with the Cuban missile crisis, but for a moment - so brief it has almost been forgotten - it looked as if the Russian dream of unrivalled prosperity would be realised. Francis Spufford on the lessons to be learned from the Soviet experiment"

"For every $1 raised during the telethon, the group can buy $32 of distressed debt from lenders. The group's stated goal is to raise $50,000 to buy (and eliminate) $1 million worth of debt."

The United States isn't broke; we're the richest country on the planet and a country in which the richest among us are doing exceptionally well. But the truth is, our economy is broken, producing more pollution, greenhouse gasses and garbage than any other country. In these and so many other ways, it just isn't working. But rather than invest in something better, we continue to keep this 'dinosaur economy' on life support with hundreds of billions of dollars of our tax money. The Story of Broke calls for a shift in The United States isn't broke; we're the richest country on the planet and a country in which the richest among us are doing exceptionally well. But the truth is, our economy is broken, producing more pollution, greenhouse gasses and garbage than any other country. In these and so many other ways, it just isn't working. But rather than invest in something better, we continue to keep this 'dinosaur economy' on life support with hundreds of billions of dollars of our tax money. The Story of Broke calls for a shift ingovernment spending toward investments in clean, green solutions-renewable energy, safer chemicals and materials, zero waste and more-that can deliver jobs AND a healthier environment. It's time to rebuild the American Dream; but this time, let's build it better.

"You have to be asleep to believe it." A short excerpt from the video "Life Is Worth Losing" (2005).

Right now, according to a number of studies, we are losing about $100 billion every year because corporate America and the very wealthy are stashing their money in tax havens like the Cayman Islands and Bermuda. We should be aware that in 2009, ExxonMobil made $19 billion in profits and not only did the company not pay anything in taxes, it got a $106 million refund from the IRS. We should also be aware that since 1997, we have almost tripled funding for the military. So if we are serious about reducing the deficit, those are things we need to look at-not at Social Security, not programs everyday Americans need.

For thirty years, now, Republicans have been yammering about small government, deficits, the glories of the free market, and the incompetence and wastefulness of government. It's all been a big lie, part of a well funded and cleverly executed coup d'etat, designed to enable the ultra rich and corporations to literally take power out of the hands of government and money out of the pockets of individual citizens.

BALTIMORE, June 20 - Mayors from around the US met in Baltimore this week to set public policy for the billions of people living in big cities, depending on municipal services to stay safe. While Congress considered allocating another $118 billion to conduct wars next year - and President Obama absurdly maintained that the costly bombing of Libya is not an act of war, and thus not subject to Congressional oversight - mayors listened to the people.

Elizabeth Warren discusses how the dreams of the middle class american family are being depleted by the dramatic increase in bankruptcies and foreclosures. Warren discusses the role that credit card companies and ballooning interests rates have played in rapidly increasing mortgage rates as well as the how the over consumption myth is clouding our understanding of the average middle class family, who is in fact experiencing a lower standard of living than their parents and still finding themselves one payment away from losing their home. Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School and chaired the Congressional Oversight Panel created to investigate the U.S. banking bailout . This program originally aired in April 2004. it is being re-aired because Professor Warren's predictions of economic disasters and the reasons for them have proven correct, and she is a candidate to head a commission to guard against recurrence. The Massachusetts School of Law also presents information on important current affairs to the general public in television and radio broadcasts, an intellectual journal, conferences, author appearances, blogs and books. For more information visit http://www.mslaw.edu

Since Reagan, Republicans have been on a "starve the beast" campaign - by which they mean eviscerate the government by taking away as much revenue as they can.

We've got 2,000 people signed up to come to Washington and get arrested outside the White House between August 20 and September 3, all in an effort to persuade President Obama not to grant a permit for a new pipeline from the tar sands of Canada.

If America truly is serious about dealing with its deficit problems, there's a fairly simple solution. But you're probably not going to like it: Enact a single-payer health care plan. See, we told you weren't going to like it.

Many of those preaching at American church services Sunday extolled as "heroes" the 30 American and 8 Afghan troops killed Saturday west of Kabul, when a helicopter on a night mission crashed, apparently after taking fire from Taliban forces.  This week, the Fawning Corporate Media (FCM) can be expected to beat a steady drumbeat of "they shall not have died in vain." But they did.  I know it is a hard truth, but they did die in vain.