FROM Brad Williams
When the Wealthy Sneeze, the Economy Catches Cold The wealthiest Americans are a changing breed as conservative savers turn into manic spenders. Risk-taking millionaires can find themselves living out of their cars. What does that mean for the rest of us? Can government programs be sustained if they depend on taxing the least stable segment of the consumer economy?
When the Wealthy Sneeze, the Economy Catches Cold Democrats have given up on taxing millionaires to finance payroll tax cuts, but just for the moment. President Obama is clearly zeroing in on "the 1 percent." With economic inequality at record levels, there's growing pressure for the wealthy to pay more for government programs. But how much more? It's no longer true that the rich necessarily get richer. What was the most stable segment of the economy now feels booms and busts more than anyone else. Nobody's sympathizing with people who've lost their yachts and mansions, but what happens to government if it has to depend on them?
What happens when America retreats from the world? Is President Trump taking his "America First" agenda to extremes, withdrawing the country from the international stage on trade and climate change, distancing America from its traditional allies across the Atlantic and even threatening to physically isolate the country through the building of a wall along its southern border? León Krauze guest hosts.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.