"I feel stupid," someone said the other day. "I consider myself well-informed, but I have no idea what the term 'austerity economics' really means."

Actually it's not that complicated, and most of the lesson plan can be found in today's headlines.

We'll explain austerity to you in six...

Congratulations, Mr. President. This week you followed your increasingly populist rhetoric with some decisive action on behalf of the middle class.

Republicans have been waging a sabotage campaign against the lawful functions of government. With these recess appointments you've shown that you'll use your presidential authority to stop them....

The other day I was asked what one single thing could do the most to save our economy. What one idea or tool might help us create a more just society? My answer was "shame."

Shame isn't always a wasted or negative emotion. On the contrary, it can perform...

Our lives are defined by invisible wars, wars whose theater of combat is the human imagination. These economic and political wars are waged year in and year out, decade after decade, century after century.

Words are the weapons of choice in these wars, and the corporate-backed radical right adds...

This is the time of year when we're reminded of all the famous people who died over the last twelve months, a list which includes two of my favorite guitar players (Hubert Sumlin and Cornell Dupree). But there were some notable non-human deaths in 2011, especially in the...

^{Jesus and the disciples in an Occupy drum circle. Concept by the author, content and execution by Sudeep Johnson.[1]}

It doesn't matter whether or not you believe in God or which faith you follow if you do. Here's a question worth asking this...

Today Politifact Editor Bill Adair probably ruined his outlet's chances of ever being taken seriously again as an objective debunker of political spin. What a shame. There's a glaring need for somebody to play that role, and Politifact was in a unique position to fill it. Its parent newspaper is...

The Obama administration announced a $335 million settlement deal with Bank of America to settle charges of discriminatory lending practices. Here is, in ascending order of importance, the good, the bad, and the ugly.

The Justice Department deserves praise for responding to illegal bank behavior more aggressively...

The president has adopted the language of the 99%, and it's paying off for him. He's surged from a position slightly behind Mitt Romney in last month's CNN polling to a 52%-45% lead against the Republican this week. While other factors were involved, his new rhetoric about income inequality and...

This last week we've seen how Washington's elites are able to suppress popular opinion, work against the public interest, and wrap it all up with a bow so that it looks like 'democracy in action.' It's not. What we're seeing isn't democracy, and it isn't a free press either. It's...

On a warm evening in 1991, a colleague and I found an out-of-the-way café in the old part of Prague. Two men with blank expressions stood outside. The interior was dim and close, with room for only eight or nine tables. The place was almost empty. Just a sleepy waitress,...

Fire all the janitors and make poor kids clean their schools? Zap Korea with an airborne superlaser that's never worked during testing? Ignore global warming and plan to re-engineer the entire planet with untested technology instead?

People like Maureen Dowd have been having fun with Newt Gingrich's wackier ideas...

Lately we've been hearing some strong words from the President about Wall Street crime. But when the cameras and lights aren't around, his Administration's been working feverishly to protect bankers from state law enforcement officials.

Six conscientious Attorneys General believe the law applies to everyone. While they're working to...

Here are three things to consider:

Nearly one American in six over the age of 65 lives in poverty. A newly progressivized Barack Obama is rocking the populist bandwagon from Osawatomie to the Oval Office. And the Republicans have started attacking Democrats on Social Security -- from the...

No financial executives have gone to jail, despite an overwhelming body of evidence indicating that a group of organized "banker gangs" conducted a widespread Wall Street crime wave that made them rich and while throwing millions into poverty. The Justice Department's failure to act against these bankers is matched only...

This morning Barack Obama channeled one of American history's truly transformative figures by visiting the tiny Kansas town where Teddy Roosevelt gave his "New Nationalism" speech over a century ago. It was refreshing to see the President invoke his predecessor, who was a powerful and fearless agent of change both...

This week 60 Minutes gave viewers a good look at the widespread criminality that created the Wall Street mortgage boom and led to our ongoing financial crisis. They also saw some of the overwhelming evidence of illegal activity on the part of big banks, and were reminded that...

Some politicians are saying that the latest unemployment report is good news, but it's not. It shows us that this country is still in crisis. It shows us that the government needs to act quickly and aggressively to create jobs, and to restore the lost earning power of the average...

It took the journalists at Bloomberg News two years -- and presumably lots of legal fees -- to pry information out of the Federal Reserve that should have been made public long ago. We now know that the Fed's secret $7.7 trillion lending program wasn't just the most...

Millions of employees mounted Great Britain's first General Strike in many years today after the government threatened to impose more cuts in retirement benefits and pay for public workers.

It was a smash success. As many as two million strikers proved that the public's patience with the unjust fiscal regime...