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Category Archives: RagBlog
Exxon Mobil’s Exxcellent Adventure : Biggest Profit in U.S. History
‘The latest quarter’s net income equaled $1,865.69 per second, nearly $400 a second more than the prior mark.’By Aaron Smith / October 30, 2008 NEW YORK — Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, … Continue reading
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Tagged Corporate Profits, Economy, Exxon Mobil, Monopoly Capitalism, Oil Companies
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Hey John : You’re No Maverick. And We Can Prove it!
Who’s the Original Maverick? With this video from Robert Greenwald and Brave New Films, the saga of rustler John McCain — the faux maverick — and his skulduggery continues as we reexamine the Texas family that forged the Maverick brand. … Continue reading
Posted in RagBlog
Tagged Fontaine Maverick, John McCain, Maury Maverick, Texas, Texas History, Video
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Surprise! : Banks to Use Bailout Bucks for Mergers
The Rag Blog reported yesterday, in a story titled Salary Bonuses Constitute 10% of the Bailout that pay and bonus deals for corporate bigwigs account for about ten percent of the government bailout package. Here’s more good news: Big banks … Continue reading
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Tagged Bank Bailouts, Banking, Congressional Bailout, Economy, Financial Crisis, Monopoly Capitalism
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Most Basic Iraqi Infrastructure Doesn’t Function
A woman collects an aid package from the Iraqi Red Crescent in Baghdad. The Red Cross says it cannot provide basic services indefinitely.Warning on ‘dire’ Iraq conditionsBy Imogen Foulkes / October 29, 2008 The Red Cross is warning that despite … Continue reading
The Problem Is US Interventionist Foreign Policy
Interventionism, Not Muslims, Is the ProblemBy Jacob G. Hornberger / October 27, 2008 One of the popular post-9/11 sentiments has been the one that holds that Muslims are bent on conquering the world. The notion is that Muslims hate Christianity … Continue reading
Creationism in Schools : Texas is Doomed!!
‘The latest shooting-itself-in-the-foot-moment for the Lone Star State is based on a panel to create its state science curriculum.’By Phil Platt / October 27, 2008 I simply cannot understand how Texas manages to exist day after day. The rampant insanity … Continue reading
Progressive Taxation and the Sad Saga of Joe the Plumber
Illustration by Tom Bachtell / New Yorker.It all started with Adam Smithby Steve Coll / October 27, 2008 The rise and fall of Joe the Plumber as a symbol of the American self-made man’s resistance to progressive taxation began on … Continue reading
Posted in RagBlog
Tagged Adam Smith, Campaign Tactics, Economy, Joe the Plumber, McCain Campaign, Taxation
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Salary Bonuses Constitute 10% of the Bailout
Demonstrators protesting in New York before the $700bn Wall Street bail-out earlier this month. Photograph: Nicholas Roberts/AFP/Getty imagesWall Street banks in $70bn staff payoutBy Simon Bowers Pay and bonus deals equivalent to 10% of US government bail-out package Financial workers … Continue reading
Fallujah: Another Failure of Bush’s Iraq Promises
Iraqi workers place concrete for a small clarifier tank for a waste water treatment plant as part of a U.S. Army Corps of Engineers project to rebuild the Fallujah sewer system. U.S. Army Corps of Engineers photo by Travis Edwards.$100-million … Continue reading
That’s the Ball Game
Thanks to Harry Edwards / The Rag Blog
Earth’s Oceans Are Deeply Troubled
Reefs including the Great Barrier Reef off Australia could begin to break up within a few decades, research suggests. Photograph: Cathie PageClimate deal may be too late to save coral reefs, scientists warnBy David Adam / October 27, 2008 A … Continue reading
Is Surfing the Internet Altering your Brain?
A functional MRI brain scan shows how searching the Internet dramatically engages brain neural networks (in red). The image on the left displays brain activity while reading a book; the image on the right displays activity while engaging in an … Continue reading
