Mark it down. At 2:15 p.m. on Tuesday, August 10, 2010, the U.S. Federal Reserve made a historic announcement. It signaled that the central bank was going to “preserve the size of its balance sheet.” The announcement didn’t sound all that dramatic, but don’t be fooled. In the two subsequent days, the stock market fell over 300 points, and the price of gold rose $20.
If you want to know what tyranny is like, look around. The national government — specifically the executive branch — can do pretty much what it wants.
America is in dire straits. Unemployment stands at 9.5% (and a staggering 34.5% for young black men), with more than 15 million Americans out of work, and 6.3 million of them having been unemployed for six months or longer.
On several occasions I have attempted to watch, and hear, the Rahway city council meeting on TV. It seems that even with the volume at its highest I am unable to hear what is going on.
If New Jersey’s record-setting heat waves this summer had a soundtrack, it would be the sound of millions of humming air conditioners.
It is hard to find anything positive to say about the corporate income (i.e., profits) tax. Economists across the ideological spectrum agree that the corporate profits tax is woefully inefficient.
The ironies of modern life in the United States, and our need to make sense of them, or alter them, to me, are among the best reasons why college-level, liberal education is vital to virtually all Americans. By “liberal” I do not mean left-wing; I mean education that includes exposure to philosophy, ethics, history, the arts, language, literature – collectively known as the humanities.
Thanks to Wikileaks and heroic leakers inside the military, we now know the U.S. government has killed many more innocent Afghan civilians than we were aware of heretofore. We also know that American military and intelligence personnel roam Afghanistan assassinating suspected bad guys.
Despite the political firestorm surrounding the federal court decision that overturned California’s Proposition 8 ban on gay marriage, little has been said about the real issues that are contributing to the dysfunctional American family.
After decades during which bed bugs were a rare event, they now make headlines infesting places from the Jersey City Goldman Sacks building to a Victoria’s Secret shop on New York’s Upper East Side, along with dormitories, apartments and homes throughout the nation.