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How Obama Helped Authorize Shell’s Drilling the Arctic

Source: CorpWatch Blog

President Barack Obama personally helped Shell obtain authorization to drill for oil in Alaska, according to a 4,678 word front page article in the New York Times. This is a startling break from decades long U.S. policy which regarded the environment in the Arctic region too fragile to tamper with.

“(T)he president concluded that the reward was worth the risk, and created an unusual interagency group, overseen by a midlevel White House aide, to clear Shell’s path through the often fractious federal regulatory bureaucracy,” write John Broder and Clifford Krauss. read more

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The Politics of TED

Source: Dissent

Is the topic of income inequality “Too Hot for TED“? Controversy has erupted in the past week over this question after a talk planned for the organization’s popular website was pulled at the last minute. The incident has offered an interesting window into the politics of the group.

Here’s what happened: recently, wealthy Seattle-based venture capitalist Nick Hanauer gave a talk challenging the idea that the rich are “job creators.” Countering this concept, he made the demand-side argument that consumer spending is what generates employment, and that more equitable distribution of income, in turn, produces more robust consumer demand. read more