Month: January 2009
-
Demilitarize U.S. Foreign Policy: Mullen Agrees with Gates (and Me)
AFP: US forces chief urges less military use in foreign policy. The top US military officer cautioned against ever growing militarization of US foreign policy, urging greater support for civilian approaches to the world’s problems. … “We must be just as bold in providing options when they don’t involve our participation or our leadership, or,…
-
We Need to Spur Business Investment. Yeah, Right.
Comes before the court: Floyd Norris to point out that the heady dividends delivered by corporations 2004-2008 were in many cases not profits, but recycled loans. They borrowed the money, then paid it out to shareholders. Every penny in profits ($2.4 trillion) went out in dividends ($.9 trillion) and stock buybacks ($1.7 trillion), plus another…