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Author: Jerome Grossman

North Korea’s Nuclear Arsenal

North Korea’s Nuclear Arsenal

The leader of North Korea, Kim John Un says he will expand his nuclear weapons arsenal sharply, raising the stakes in the standoff with the United States and its allies. He ordered his underlings to prepare for a missile attack on the United States. However, the threats and orders do not have the range to approach American shores. So the prospects are unlikely. And a ground attack would be out of the question. The long line of similar threats might…

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Come Home, America

Come Home, America

Everyone talks about getting out of Iraq and Afghanistan. But what about Germany and Japan where our military has been in force since the 1940s? Now, Secretary of State John Kerry is expanding American military roles in Syria and Africa. The sequester-cuts our budget by $85 billion, half of which comes from the Pentagon. Why are we still fighting World War II? Why is the US military budget as large as that of all other nations combined? Meanwhile we invented…

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Our Tax Crisis

Our Tax Crisis

Wealthy investors felt that the 14,000 level of the DOW was worrisome, even dangerous because it might be the result of the money the Federal Reserve has put into the financial system. They worried that it was not supported by corporate fundamentals. These heavy hitters feared that another financial crisis could lead to deflation, destroying stability and stock values of dividend paying investments. In the last quarter of 2012, growth contracted in the developed world. The 34 member countries gave…

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The Windfall of Immigration Reform

The Windfall of Immigration Reform

The Democrats have demographic dreams. Liberals are counting on population and voting trends to doom Republicans to minority status that will last for a long time. This expectation is at the heart of the debates in Congress about immigration. Democrats believe that they will be on the winning side in future elections. The first election of Barack Obama set the trend. His landslide reelection confirms the change in voting patterns. The white Americans who tend to vote Republican are shrinking…

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John Kerry’s First Campaign

John Kerry’s First Campaign

On October 15, 1969, popular protests against the Vietnam War peaked when 10 million people in thousands of communities in all fifty states, students, non-students, the middle-aged and the middle class, from every profession attended protest meetings and rallies. Republican and Democratic politicians maneuvered to address the public meetings. In working-class communities as well as the affluent suburbs, speakers read the names of local men killed in Vietnam. The Moratorium set the stage for serious political action to challenge the…

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Inequality is the Real Financial Crisis

Inequality is the Real Financial Crisis

The reelection of President Obama is subject to many interpretations. Each side debated issues that affect a long malaise into which the economy seems to be settling, and the growing divide between the 1% and the rest is an inequality not only of outcomes but also of opportunity, as pointed out by Nobel Laureates Paul Krugman and Joseph Stiglitz. These problems have driven inequality to its highest level since before the Depression and will be difficult to overcome – and…

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The Struggle against Poverty & Inequality

The Struggle against Poverty & Inequality

The popular movements in the 1960’s, women’s reproductive rights, civil rights, sexual rights and so forth left us unprepared for the slowdown in growth and the rise in inequality in the current decade. Today, with union membership reduced to 7% of the private sector most working people have no organized voice at all. Meanwhile, the power of wealth has been fully unleashed by the Supreme Court. The rich protect their freedom with wealth and the people protect theirs with laws….

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The Drones: Cowboy Behavior

The Drones: Cowboy Behavior

Iran’s defense minister confirmed that Iran fired on a US drone unmanned aircraft that had entered Iranian airspace. US says it was a routine surveillance mission using international airspace over the Persian Gulf. It was the first time Iranian aircraft fired at an American drone that the US says was protecting American interests. US warned that drone flights will continue. Understanding American drone strikes is difficult, because they are based on uncertain information from dubious sources. How many people have…

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The US and Israel get closer on Iran Policy

The US and Israel get closer on Iran Policy

Ever since Barack Obama became President of the United States, American relations with Israel and Benjamin Netanyahu have deteriorated over relations with Iran. Netanyahu insists on harsh threatening measures capped by a “red line that must be drawn limiting Iran’s ability to enrich uranium thereby limiting Iran from further development of a nuclear weapon.” Pres. Obama and his administration accept the objective of denying Iran a nuclear weapon. They have led the international movement to install economic and diplomatic sanctions…

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Obama Will Win in a Landslide

Obama Will Win in a Landslide

President Barack Obama leads Republican challenger Mitt Romney by significant margins in virtually every political category. Worse for Romney, his campaign lacks the plan and focus to reverse his difficulties. In contrast, Obama’s campaign has made few mistakes while riding the benefits of incumbency. In a lead editorial, the New York Times, September 25, “Why Romney is slipping: By refusing to supply voters with intelligent answers, his campaign is driving them away.” The prestigious London Economist reports On September 22,…

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