One-Third of a Nation

One-Third of a Nation is a play by Arthur Arent; or more correctly a living newspaper created in 1938 by the Federal Theater Project. I’ve had the good fortune of seeing this play twice in recent weeks at the Metropolitan Playhouse in New York City. It’s been a very healthy reminder in how we [...]

Disaster Chic: De-Globalization and the Middle Ages

Will countries react to the financial crisis with crippling “reverse globalization,” throwing the entire world economy off balance? Or are we instead locked into globalization and headed for a new “Dark Age?” [...]

Bank bailout, Phase 2. The apocalypse cometh?

The Four Horseman of the Apocalypse

Doug Henwood, in a fine rant, says the bank bailout announcement today might allow hedge funds to buy assets from the banks at cheap prices, guaranteed against loss by the government.

I hope this isn’t really what will emerge. But if it is, the Obama administration will have [...]