by Henry Blodget
We love our iPhones and iPads.
We love the prices of our iPhones and iPads.
We love the super-high profit margins ofApple, Inc., the maker of our iPhones and iPads.
And that’s why it’s disconcerting to remember that the low prices of our iPhones and iPads — and the super-high profit margins of Apple — are only possible because our iPhones and iPads are made with labor practices that would be illegal [...]
The Big Lie vs. Barack Obama (Part 1)
President Barack Obama is routinely described as being a “Muslim-Marxist” or “Muslim-Communist” or “Muslim-Socialist.”
I am often asked why we have heard or read for over two years the same lies about President Barack Obama. I have tried to explain that the Big Lie Technique is successful only if it is relentlessly repeated. Any lie heard often enough becomes “the truth.” Since WWII, the [...]
WASHINGTON — CIA director Leon Panetta is warning his employees that leakers will be investigated and possibly prosecuted after a flurry of reports in the media about the technology and methods used to track and ultimately kill Osama bin Laden.
In a memo obtained by The Associated Press, Panetta told staff Wednesday that the disclosure of classified information to anyone not cleared for it — reporters, [...]
by Henry Blodget
One of the hallmarks of banana republics, says the NYT’s Nicholas Kristof, is income inequality.
In some countries, the wealthiest 1% of the population takes home 20% or more of the national income.
And now the same is true in America:
The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent [...]