I was passing through the Mojave Desert and by chance stopped by a local thrift store in Joshua Tree. I’m glad I did, because I spotted a book that I just had to own. At $0.50, it was priced to sell. And as you can tell from the title above, the book’s a classic. It’s bound to remain fresh and relevant through the ages—not as a useful guide to homeownership, but as a fossil record of the biggest real estate scam in the history of the United States. (more…)

This article was first published on AlterNet

It’s Nobel Prize season again. News reports are coming out each day sharing the name of the illustrious winner of the various categories — Science, Literature, etc. But there’s one of the prizes that’s a little different. Well, that’s putting it lightly… you see, the Nobel Prize in Economics is not a real Nobel. It wasn’t created by Alfred Nobel. It’s not even called a “Nobel Prize,” no matter what the press reports say.

The five real Nobel Prizes—physics, chemistry, literature, peace, and medicine/physiology—were set up in the will left by the dynamite magnate when he died in 1895. The economics prize is a bit different. It was created by Sweden’s Central Bank in 1969, nearly 75 years later. The award’s real name is the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.” It was not established by Nobel, but supposedly in memory of Nobel. It’s a ruse and a PR trick, and I mean that literally. And it was done completely against the wishes of the Nobel family. (more…)

Reposted from The SHAME Project

“In propaganda, truth pays off.”

— V.I. Lenin

SHAME’s recent exposé of Newsweek/The Daily Beast correspondent Megan McArdle went into great detail about her deep, close ties to the Kochs’ libertarian influence-peddling machine and her failure to disclose the connections. The most important thing you need to know about Megan McArdle is this: She is the only journalist in America whose byline has appeared on Newsweek and Atlantic Monthly cover stories, while at the same time is so close to Charles Koch that she was chosen to emcee the big 50th Golden Anniversary bash that Koch threw last year to celebrate the success of his libertarian think-tank the Institute of Humane Studies, the first of countless dozens of think-tanks (Cato Institute, Americans for Prosperity, Competitive Enterprise Institute, etc.) that the billionaire oligarch controls today. (more…)

This past Friday, S.H.A.M.E. Project’s expose of Megan McArdle got a shout out from financial blogger/commentator Barry Ritholtz, who called our profile of the Newsweek/Daily Beast hack “one of the most brutal takedowns I have ever seen.” Ritholtz—author of the excellent 2009 book Bailout Nation, frequent Bloomberg TV pundit,  and the man behind the popular finance blog The Big Picture—advised his readers that “if you have any interest in media or journalism, it is absolutely must read material.” (more…)

On Monday, September 10, the Chicago Teachers Union—the oldest teachers union in America—went on strike. Teachers are striking for better pay, smaller class sizes and more job security. They are striking against school privatizations, teaching to standardized testing and the general “corporate reform agenda” of Chicago city officials.  The list of enemies aligned against the teachers is long and intimidating: Billionaire hotel heiress Penny Pritzker, Charles Koch, Art Pope, Rahm Emanuel, President Obama and . . . Steven Levitt. Yes, Steven Levitt, University of Chicago economist and author of the wildly successful book Freakonomics. (more…)

When billionaire brats attack!

One thing I learned from watching last week’s RNC: Being a reporter with a video camera at a GOP convention and doing anything other than sucking up to power . . . well, that just might be the most dangerous journalism job in America today. Hell, people are in danger of being lynched just for reporting while being black. (more…)