This October, the non-partisan Congressional Budget Office (CBO) reported that its estimate of the cost for the planned “modernization” the U.S. nuclear weapons complex over the next three decades has risen to $1,200,000,000,000.00. For those of you not familiar with such lofty figures, that’s $1.2 trillion. Furthermore, when adjusted for inflation, the cost of the program―designed
The reckless threats of nuclear war flung back and forth between the North Korean and U.S. governments remind me of an event in which I participated back in the fall of 1961, when I was a senior at Columbia College.
At the end of August 1961, the Soviet government had announced that it was withdrawing
Based on recent economic developments, the super-rich don’t have much to complain about.
A study just released by UBS, a major global financial services company, has revealed that, during 2016, the total wealth of the world’s billionaires rose by 17 percent―from $5.1 trillion to $6.0 trillion. Furthermore, the number of billionaires grew by 10 percent to 1,542, with more than a third of them located in the
In recent months, advances in the North Korean government’s nuclear weapons program have led to a sharp confrontation between the government leaders of the United States and of North Korea. This August, President Donald Trump declared that any more threats from North Korea “will be met with fire and fury like the world has never seen.” In turn, Kim
The North Korean government’s progress toward developing a long-range nuclear weapons capability, accompanied by bellicose pronouncements, has been alarming enough to spark worldwide public dismay and new sanctions by a unanimous UN Security Council. But even if, at the very best, sanctions (which, so far, have not worked) or diplomatic negotiations (which have yet to get underway) produce
Has nationalism captured the hearts and minds of the world’s people?
It certainly seems to have emerged as a powerful force in recent years. Trumpeting their alleged national superiority and hatred of foreigners, political parties on the far right have made their biggest political advances since the 1930s. After the far right’s startling success, in June 2016, in getting
What kind of civilization have we developed when two mentally unstable national leaders, in an escalating confrontation with each other, threaten one another―and the world―with nuclear war?
That question arises as a potentially violent showdown emerges between Kim Jong Un of North Korea and Donald Trump of the United States. In recent years, the North Korean government has produced about 10 nuclear weapons and has
An awful lot of Americans are skeptical about the value of their nation’s corporate executives.
As a 2016 nationwide survey reveals, 74 percent of Americans believe that top corporate executives are overpaid. This public dismay with CEO compensation exists despite the fact that Americans drastically underestimate what top corporate executives are paid every