FROM Zachary Karabell
The S&P Downgrade: Economics and Politics After a weekend of silence, President Obama addressed the S&P downgrade and the US economy this afternoon from a White House dining room. He said that the US will always be a AAA-country, and Standard and Poor's is the only ratings agency to downgrade its credit rating to AA+.
The S&P Downgrade: Economics and Politics Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA . Is President Obama at fault? What about Tea Party Republicans and European economies? Why are US Treasuries still the safest place to be? What's next for local governments and individuals with home and auto loans?
China: Before and After Election Day In this year's political campaigns, Democrats and Republicans are accusing each other of helping to cause America's economic decline. In the process, both parties are demonizing China.
China: Before and After Election Day Television commercials featuring Chinese music, pictorial characters and gongs suggest that China has morphed from a "Communist threat" to an economic menace. While Democrats claim free trade pushed American jobs to a foreign country, Republicans say "green" stimulus money is being used to buy Chinese products. Have both parties found the same scapegoat to blame for America's problems? Will policies change once the voting is over, or have US consumerism and profit-making combined to create an economic knot that can't easily be untied?
100 days of executive action: Accomplishment or posturing? President Trump's first 100 days have featured a flood of high-profile executive orders. Which ones do what he says they do, and which ones don't? How are Trump voters feeling now?
The flight bumping heard around 'round the world Recent video of a passenger forcibly removed from a United Airlines plane is a worst-case example of what's happened since consolidation into just four US-based carriers. Management seems to be tone-deaf to a decline in service — and even abuse — of passengers.
Rhetoric and brinksmanship on the Korean Peninsula For 25 years, the US has viewed North Korea's nuclear program with increasing alarm. Now President Trump says this country has lost its "strategic patience." We hear what he's actually doing… and what might come next.
Why Don't Facts Matter? "Fake News" may have a long history, but social media and 21st Century politics have brought it front and center. One reason for its appeal and its power is the tendency of so many people to cling to their beliefs — even when confronted with contradictory evidence. Today, another look at the Emotional States of America.