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Showing posts from December 14, 2008

"The Great Slump of 1930," John Maynard Keynes

I. The world has been slow to realize that we are living this year in the shadow of one of the greatest economic catastrophes of modern history. But now that the man in the street has become aware of what is happening, he, not knowing the why and wherefore, is as full to-day of what may prove excessive fears as, previously, when the trouble was first coming on, he was lacking in what would have been a reasonable anxiety. He begins to doubt the future. Is he now awakening from a pleasant dream to face the darkness of facts? Or dropping off into a nightmare which will pass away? He need not be doubtful. The other was not a dream. This is a nightmare, which will pass away with the morning. For the resources of nature and men's devices are just as fertile and productive as they were. The rate of our progress towards solving the material problems of life is not less rapid. We are as capable as before of affording for everyone a high standard of life—high, I mean, compared with, say,…

Investigating the Investigators: A Critical Look at Pro Publica, Michael Barker, 29 February 2008, Spinwatch

Undoubtedly, our dying republic could use some well-funded investigative journalism. Unfortunately, newspapers -- if they were ever much help -- are dying off. Blogs won't take their place: they, including this one, are essentially analysis only. No real investigative journalism going on, with some excellent exceptions, such as Greg Palast's site -- whose journalism is, after all, partially funded by the BBC and the Guardian.
So, I was happy to find out about Pro Publica on today's Democracy Now. A little digging turned up this article, which is worth reading. There are three parts: click "Next" at the bottom of the referred page to see subsequent entries.