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Dear Chairwoman Janet Yellen: We are a group of humble savers in traditional bank savings and money market accounts who are frustrated because, like millions of other Americans over the past six years, we are getting near zero interest . We want to know why the Federal Reserve, funded and heavily run by the banks,…
By Ralph Nader In college, Economics 101 is often described as the social science discipline that deals with the production, distribution and consumption of goods and services. MIT Economist Paul Samuelson liked to focus on scarcity, or more specifically, the allocation of scarce resources. “Abundance” was always a pretty word with an idyllic connotation for…
Who thought this up – Giving a private corporation (CNN) control of a presidential debate? In the most recent Democratic presidential debate, CNN controlled which candidates were invited, who asked what questions, and the location, Las Vegas – the glittering, gambling center of America. This is a mirror image of the control Fox News exercised…
The photographs in the New York Times told contrasting stories last week. One showed two Taliban soldiers in civilian clothes and sandals, with their rifles, standing in front of a captured U.N. vehicle. The Taliban forces had taken the northern provincial capital of Kunduz. The other photograph showed Afghan army soldiers fully equipped with modern…
Next year, the federal Freedom of Information Act (FOIA) will celebrate its 50th anniversary as one of the finest laws our Congress has ever passed. It is a vital investigative tool for exposing government and corporate wrongdoing. The FOIA was championed by Congressman John E. Moss (D-CA), who strove to “guarantee the right of every…
The mass media, with usual exceptions, have allowed themselves to be pulled down to the level of the political circus. If the Republican Party’s early primary campaigns for the presidential nomination had an elephant and a clown car, Ringling Brothers would be in trouble. It is hard for the Republican presidential candidates to resist temptation,…
Yes, it’s official. General Motors engaged in criminal wrongdoing for long knowing about the lethal defect in its ignition switch that took at least 174 lives and counting, plus serious injuries. At least 1.6 million GM cars – Chevrolet Cobalt and other models – hid this danger to trusting drivers, according to the Center for…
September 17, 2015 Press Release FOR IMMEDIATE RELEASE Statement by Ralph Nader on GM Deferred Prosecution Letting off General Motors — this homicidal fugitive from justice — once again desecrates the memory of over 100 victims and counting of General Motors criminality. U.S. Attorney Preet Bharara and Attorney General Loretta Lynch have engaged in reverse…
Socrates and Plato were not in a hurry. Neither was Aristotle nor Heraclitus. They took time to think deeply. As far back as twenty-four centuries ago, they offered insights and observations about the human condition, character, and personality that are as true today as they were then. Fast forward to our fast-paced society. Many people…
Here’s an experiment to try this holiday weekend. Quiz your friends, family and acquaintances on the meaning of Labor Day. You might be surprised by the answers you hear. To many, the true meaning of Labor Day has been unfortunately lost―it’s merely a three-day vacation weekend, unless you work in retail, in which case it…