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The Third Depression

A. Scott PirainoThe US economy as we know it will soon collapse. This has happened before, twice, and history is about to repeat itself again. This will be the Third Depression the United States has suffered, and it will probably be the worst.In the Gilded Age of the 1890's, and the Roaring 1920's, improvements in technology and industry fueled rapid economic expansions. Capitalism was revered as the new engine of progress, onerous government regulations were an impediment to growth. These were ...

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[ Fri, 1 Sep 2006 17:01:00 GMT ]



The Forgotten Deficit

A. Scott Piraino Last year the United States posted a trade deficit of 726 billion dollars, that's an astronomical, outrageous amount of money. Our cumulative trade deficits since 1980 add up to over six trillion dollars. That's the second largest transfer of wealth in history, second only to our national debt.Nowhere is this transfer of wealth more apparent than in East Asia. Over the last twenty five years growing trade surpluses with the US have fueled an unprecedented economic expansion. In ...

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[ Fri, 1 Sep 2006 13:26:00 GMT ]



Reaganomics at War

A. Scott Piraino In 1981, when Ronald Reagan was sworn in, this country faced the worst economic downturn since the Great Depression. President Reagan proposed a novel solution, lowering tax rates on the wealthiest Americans so they could spend and invest more money. His administration argued that only this increased economic activity could lift the country out of recession.Quasi-economic terms like "supply side" and "trickle down" were used to give Reagan's proposal an acade...

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[ Thu, 31 Aug 2006 20:16:00 GMT ]



Responsible Terrorism

A. Scott PirainoThere is a simple, and logical explanation for Islamic terrorism. In an interview broadcast after the September 11th attacks Osama Bin Laden asked a question: "Why should fear, killing, destruction, displacement, orphaning and widowing continue to be our lot, while security, stability and happiness be your lot?"  He answered this question by saying, "This is unfair."Then he claimed that we "bear hate and grudge against Islam". He continued by sa...

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[ Thu, 31 Aug 2006 19:40:00 GMT ]



On the Fall of Empires

A. Scott Piraino This is how Rome fell. First a vibrant empire comprised of wealthy citizens was reduced to an aristocracy. Then that decadent, impoverished empire was overcome by external enemies. Roman civilization has many parallels to our own. The Roman Empire is a historical construct, contemporary Romans always referred to their country as a Republic. Of course Rome was an empire, as successive Emperors consolidated power and began ruling far flung provinces. But the republican values were...

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[ Thu, 31 Aug 2006 16:48:00 GMT ]


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Hipsters United

News, speculation, and discussion about The Smashing Pumpkins, their music, and their legacy. http://www.hipstersunited.com


Homegrown mix

A mix of the best unsigned black music from the UK. 1Xtra?s Ras Kwame mixes up the hottest new tracks every week. 1Xtra is a BBC digital radio station. It plays the best in contemporary black music, with a strong emphasis on live music and supporting new British artists. For more info and the podcast Terms of Use go to www.bbc.co.uk/1xtra


Asian Network Film Cafe

Film Cafe - the latest news, reviews and star interviews from the world of Bollywood, with Raj & Pablo on the BBC Asian Network


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