Over the past 30 years, the top 1 percent of the United States has experienced a 240 percent increase in its real annual income, while the median household income has barely budged (Economic Policy Institute, 6/18/12, 9/13/11). Imagine if this explosive, decades-long growth of inequality were somehow reversed—at an even faster rate than its original expansion. This has actually happened in Venezuela, and it goes a long way toward explaining why President Hugo Chávez was re-elected in October, despite many U.S. media pundits’ predictions of a victory by opposition leader Henrique Capriles (CounterSpin, 10/12/12). The likelihood of coming across an [...]
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Workers at Wal-Mart walked off the job this week and that is business far from usual at the retail giant. Reporter Josh Eidelson explains why it’s a game-changer. And U.S. media were rooting against Venezuelan president Hugo Chavez. Journalist and activist Keane Bhatt will tell us about the worst of the coverage.
Foreign policy differences no longer seem ‘profound’
“Hyperbole is the currency of presidential campaigns, but this year the nation’s future truly hangs in the balance,” warned the New York Times editorial board in October 2008 (10/23/08). In endorsing presidential candidate Barack Obama over John McCain, the Times stressed that the differences between the two candidates were “profound.” On issues related to the Constitution and the rule of law, the Times editorial decried Bush-era transgressions, like “the power to imprison men without charges,” the executive branch’s “unfettered authority to spy on Americans” and the creation of “secret prisons” around the world where torture was outsourced. Although the newspaper [...]