Supposedly inspired by the Arab spring, a protest movement has swept Manhattan’s Financial District in recent days in an attempt to “Occupy Wall Street.” Although the protesters don’t appear to have specific plans or demands, they are outraged by what they perceive as greed in the financial industry and economic inequality throughout the United States. In her treatise of the 1960s student uprising at the | Read More »
From the diaries by Leon… Defending his administration’s push to enhance regulation of private enterprise, President Barack Obama told a Chamber of Commerce audience on Monday that companies have a responsibility to ensure that everyone profits from their expansion. If we’re fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. | Read More »
In response to Republicans’ effort to repeal health care reform, Majority Leader Harry Reid of Nevada complained on the floor of the Senate on Wednesday that the opposition intends to “take away rights patients already have—rights that,” according to Reid, “are saving lives, saving money and saving Medicare.” What Republicans refuse to understand—or at least what they hope the people don’t realize—is that in America, | Read More »
Jeremy Hildreth reporting for The Wall Street Journal reminds us of the real face of Communism: the gulag. [...] there once were 8,000 Soviet labor camps spattered like islands across the Russian landscape—the “Gulag archipelago” of which Alexander Solzhenitsyn famously wrote. Each camp housed about 250 prisoners, most serving 10- to 25-year sentences for contrived offenses like “uncooperativeness” or “sabotage.” By the time the U.S.S.R. | Read More »
The New York Times‘ David Brooks quotes Michelle Obama in the context of America’s changing attitude toward capitalism. “Don’t go into corporate America,” she told a group of women in Ohio. “You know, become teachers. Work for the community. Be social workers. Be a nurse. … Make that choice, as we did, to move out of the money-making industry into the helping industry.” As talented | Read More »
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