About 30 years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy and cared not one wit about rising interest rates. And it worked. Gold plunged, King Dollar soared, and the drop-off in bank reserves and money extinguished high inflation - and actually launched a multi-decade period of very low inflation.
Maybe comparing Republicans to Nazis started with the 1964 Goldwater/Johnson presidential race.
I will never forget the phone ringing on that sunny September morning and my friend Annie telling me to turn on the television because the world was going to hell. My children, then 8 and 11, woke up a few minutes later to see me staring at the images of the planes hitting the towers.
What a good day it is, for only five years after that ugly Wall Street collapse, the Dow Jones Average has soared back above 13,000 and top executive paychecks are at Zippididoodah levels. The only little cloud over this otherwise sunshiny recovery is… well, you. You people for whom Labor Day is named, that is.
The conventions have come and gone, but as always, the TV network "news" coverage of Tampa and Charlotte demonstrated once again that these people have no intention of trying to be equally positive or equally aggressive with the two major parties. Their obvious, but unstated, agenda is to drag Obama over the finish line to re-election.
You've heard of the "October surprise," where candidates hold onto something negative about their opponent, then spring it at the last moment so the opponent won't have time to respond much before Election Day?
While Rep. Todd Akin's pseudo-scientific tommyrot about "legitimate rape" has surged him into the lead for the title of Dottiest and Most Dangerous Political Nut of the Year – never count out us Texans in any hard-nut contest.
The authors of the Democratic platform have inadvertently revealed to the world the sea change that has taken place in that party we once knew.
Perhaps the reason for President Obama's flat and energy-less speech Thursday night - TV cameras panning the convention floor actually showed delegates falling asleep - was that he already knew Friday's jobs numbers were going to be a disaster. The August unemployment report completely punctured his argument that if you just give him four more years, his policies will solve the economy.
CHARLOTTE, N.C. - "First shot, straight through, that's how you perform under pressure," Barack Obama said in 2008. They played the quote with a video clip of Obama making a basket at the Democratic National Convention on Thursday.
Back in 1988, we had what we thought was a great new idea. There was only one slot for a keynote speech at the Democratic convention on Monday night, but we had two great candidates for the job. One was the late Ann Richards, then the treasurer of the state of Texas and a candidate for governor, famous for her wit and wisdom (remember: George Bush was born "with a silver foot in his mouth"). The other was the governor of Arkansas, a young star of the party, a charismatic speaker, a southern moderate and a good friend. We needed ...
CHARLOTTE, N.C. - "The Democratic Party strongly and unequivocally supports Roe v. Wade and a woman's right to choose a safe and legal abortion, regardless of ability to pay, and we oppose any and all efforts to weaken or undermine that right." So reads the 2012 Democratic National Committee platform.
The case for re-electing President Barack Obama rests on five arguments, the most important of which is that Romney/Ryan represent sexism, racism, homophobia and fascism.
Back in years like 1936 and 1972, when California was in the midst of serious recessions, no Republican presidential candidate or surrogate would have dared bash California the way Mitt Romney, Sarah Palin, Peggy Noonan and others lately have.
"They lie, and they don't care if people think they lie," California Democratic Party Chairman John Burton told reporter Joe Garofoli before a state delegation breakfast Monday. Burton even brought up that "as long as you lie, Joseph Goebbels, the big lie, you keep repeating it, you know."
The nation's largest retailer is passing the cost of health care onto you.
The Metropolitan Opera in New York City is hardly a site for hundreds of angry protesters. But they have erupted over their current selection, an opera called "The Death of Klinghoffer." Leon Klinghoffer was the 69-year-old paralyzed New Yorker who in 1985 was aboard the hijacked cruise ship Achille Lauro, then executed by Islamic terrorists because he was a Jew. The terrorists forced the ship's barber and a waiter to throw his body and his wheelchair overboard off the coast of Egypt.
You heard it here first.
Here we go again - into yet another war in a tumultuous swath of the world we still don't comprehend. For a preview of what we're stepping into in Iraq and Syria, let's remember Afghanistan.
If you believe Houston Mayor Annise Parker, then you have to believe that when lawyers for her city subpoenaed five local pastors and demanded their sermons, the episode represented an unfortunate instance of lawyer overreach, with no intent to harass or intimidate the opposition.
I know Republicans who voted for Jerry Brown in 2010. They thought he'd be like Richard Nixon going to China and stand up to public employee unions by fixing a dysfunctional pension system. They thought he'd live up to his pose as elder sage, ready to do what's best for California. After he won a return engagement as governor, Brown liked to bloviate about the need for elected officials to demonstrate "loyalty to California."
In 1492, "Columbus sailed the ocean blue" and discovered the New World. And Oct. 12 was once a celebrated holiday in America.
Growing up in Washington in the 1930s and '40s, our home was, several times, put under quarantine. A poster would be tacked on the door indicating the presence within of a contagious disease - measles, mumps, chicken pox, scarlet fever.
I'd like to think that if I got the bad news that Brittany Maynard received - terminal cancer with a prognosis of less than six months left to live - I'd be like her. I'd like to be stoic and brave. I'd like to take charge of the rest of my cruelly abbreviated life. If I were facing death at age 29, I would want to find meaning in an end come too soon.
Just in the United States, the cosmetics industry pulls in some $70 billion a year in sales of what's commonly called "makeup." But lipstick, mascara, eye shadow, and the like aren't the only kind of makeup the cosmetic giants are peddling.
Corporations are funneling money to right-wing governors who work against the interests of their customers and employees.
Practically everyone expects California Attorney General Kamala Harris to win re-election handily in November. The Democrat won 53 percent of the vote in a crowded June primary. A rising star expected to ascend someday to the governorship, perhaps a U.S. Senate seat, Harris has won the endorsement of major newspapers in the state. She's such an attractive candidate that even though it was true, President Barack Obama had to apologize last year for calling her "by far the best-looking attorney general in the country."
Rather than urge guests to leave bigger tips and thank you notes, Marriott should pay its housekeepers a living wage.
I paid less than $10,000 to earn my college degree from a top-ranked school.