Monday, June 27, 2011

Bernie Sanders Takes to Senate Floor, Demands 'Shared Sacrifice'

Bernie Sanders, US Senator from Vermont, delivered a great speech where he demanded 'shared sacrifice' to address the deficit. This means raising taxes on the wealthiest Americans and on large corporations as well as a number of other measures that he lists. He makes a great case.

Tuesday, June 21, 2011

The Economy Explained in 2 Minutes and 15 Seconds...

This is a great video where former Labor Secretary Robert Reich explains the economy is just over 2 minutes.

Monday, June 6, 2011

The Global Energy Crisis Deepens

"Here’s the good news about energy: thanks to rising oil prices and deteriorating economic conditions worldwide, the International Energy Agency (IEA) reports that global oil demand will not grow this year as much as once assumed, which may provide some temporary price relief at the gas pump. In its May Oil Market Report, the IEA reduced its 2011 estimate for global oil consumption by 190,000 barrels per day, pegging it at 89.2 million barrels daily. As a result, retail prices may not reach the stratospheric levels predicted earlier this year, though they will undoubtedly remain higher than at any time since the peak months of 2008, just before the global economic meltdown. Keep in mind that this is the good news."

"As for the bad news: the world faces an array of intractable energy problems that, if anything, have only worsened in recent weeks. These problems are multiplying on either side of energy’s key geological divide: below ground, once-abundant reserves of easy-to-get “conventional” oil, natural gas, and coal are drying up; above ground, human miscalculation and geopolitics are limiting the production and availability of specific energy supplies. With troubles mounting in both arenas, our energy prospects are only growing dimmer."

Read the article by Michael T. Klare: