Political hypocrisy can be a tricky thing. A few years ago, for example, Republicans condemned President Obama’s stimulus package, the “Recovery Act,” even while pleading for stimulus funds for their states and districts. This was not, strictly speaking, hypocrisy – GOP lawmakers opposed the endeavor that rescued the economy, but concluded that if the resources were available, they might as well take advantage. The problem was that Republicans said Recovery Act dollars were incapable of...Read more
Citing a section of the Justice Department's scathing report of racial bias within the Ferguson Police Department, Rudy Giuliani said former Officer Darren Wilson should be commended for shooting unarmed teenager Michael Brown in August.
During an interview on Thursday, the former New York City mayor said Wilson acted dutifully and was vindicated by the report's findings that there was not enough evidence to conclude that Brown had his hands up before he was shot.
"What happened...Read more
President Barack Obama said he's "embarrassed" for the group of Republicans who sent a letter to Iran warning against a nuclear deal with the United States.
"I'm embarrassed for them," Obama told Vice. "For them to address a letter to the ayatollah -- the supreme leader of Iran, who they claim is our mortal enemy -- and their basic argument to them is: don't deal with our president, because you can't trust him to follow through...Read more
The stock bull market, the one Wall Street predicted would have a short life span when it was born in the shadow of the worst downturn since the Great Depression, turns 6 Monday.
Ironically, despite tripling in value and clocking in as the fourth-longest and fifth-best performing bull market ever, the bull is again facing questions about its longevity amid fears that a key plank of the bull thesis – historically low interest rates driven by...Read more
Of all the allegations levied at Bill O’Reilly, the most compelling -- the most difficult to wave away -- is his claim to have witnessed the suicide of George de Mohrenschildt, a friend of JFK assassin Lee Harvey Oswald. The Fox host said in his book Killing Kennedy that he had been knocking on the door when he heard the gunshot.
But O’Reilly’s colleagues say he was in Dallas at the time. Last week, CNN played...Read more
The growing national concern about economic inequality raises many questions. One has to do with demographic groups. Are some doing better than others? If so, exactly why?
A new study from the Federal Reserve Bank of St. Louis shows that as most people assume, education is a key both to mobility and to the accumulation of wealth. But another important factor is economic decision-making. And when it comes to financial prudence, whites and Asian-Americans appear to be doing a lot...Read more
Philadelphia is the poorest large city in the United States.
And it's the city with the worst deep poverty rate in the country, with roughly 185,000 people (including 60,000 kids) living on incomes below half of the federal poverty line. With that, homelessness is on the rise, and the city doesn't have enough resources to be there for everyone.
Well, I don't mean to bum you out. Actually, I want to shine a big, bright light...Read more