FROM Daniel Ikenson
Federal Bailouts and Double Standards Two hundred workers are staging a sit-in at a Chicago factory after the Bank of America cut off the company's credit. The bank got $25 billion in taxpayer funds, but the workers only got three days notice of termination. Now they're symbolic of the double standard for federal bailouts of Wall Street compared to other sectors of the economy. The factory is in the former state senate district of President-elect Barack Obama .
Bailouts, Perferences and Industrial Policy The White House says if Democrats can get their act together it's "very likely" the Big Three automakers will get massive federal assistance. But auto workers are on a caravan from the Midwest to Washington, complaining they have to make more concessions than Wall Street financiers. The Bank of America, which got $25 billion in taxpayer bailout funds, cut off credit to their employer; the auto workers got three days notice of termination, when federal law requires 60 days. They've become a symbol of the complaint that the bailout process favors the white-collar financial sector at the expense of blue-collar workers. Is Wall Street more important than other sectors of the economy? Does the US need a policy for manufacturing, too, like Barack Obama's jobs-creating stimulus plan ?
White House flip flops: NATO, Syria and China In less than 100 days, President Trump has contradicted himself on a host of foreign policy issues — Syria, NATO, China and Vladimir Putin’s Russia. Is it a strength — or a weakness — for the United States when the world of power politics never knows what to expect?
Will the march for science politicize objective research? Protesters are gathering all over the country for tomorrow's Earth Day March for Science. Since President Trump has proposed massive cuts in basic scientific research, will the movement be perceived as partisan politics — whether scientists themselves like it or not?
Trump's ethical conflicts pile up as transparency diminishes President Trump's refusal to reveal his income tax returns is just one example of a lack of transparency that could be hiding conflicts of interest. Other conflicts are already obvious from his appointments. And he's being sued for using his job to increase his profits.