Economics & Politics

At the United Nations, President Trump’s chief economic adviser, Gary Cohn, said Monday the U.S. would withdraw from the landmark 2015 Paris climate accord as planned. His comments came as U.N. Secretary-General António Guterres said climate should be a top priority at this year’s General Assembly. Our guest, economist Jeffrey Sachs, notes that the “agreement is completely symmetrical for all 193 countries,” and also argues that chemical and oil companies should help pay for recovery efforts after extreme weather related to climate change.

Read the full transcript at Democracy Now.

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President Trump’s comments at the United Nations General Assembly urging the withdrawal from the Iran nuclear deal sounded familiar to our guest, Jeffrey Sachs. “The last time we had this kind of rhetoric was George W. Bush with the axis of evil,” Sachs said. “It was immediately followed by the Iraq War, which was the most disastrous single step of American military action and ‘diplomacy,’ or anti-diplomacy, in modern times. So this is a setup, again, for war, for conflict. And it is extraordinarily ignorant and dangerous. Iran is in compliance with the agreement that was reached.”

Read the full transcript at Democracy Now.

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On Tuesday, President Trump gave his first address to the United Nations General Assembly, boasting about the size of the U.S. military and threatening to “totally destroy” North Korea. “[N]uclear war is a real threat,” says Jeffrey Sachs, leading economist and director of the Center for Sustainable Development at Columbia University. “It’s not some idle imagination right now. You have two leaders—both seem unstable—yelling at each other. Both have nuclear arms.”

Read the full transcript at Democracy Now.

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September 20th, 2017

Trump pushes US closer to war

Donald Trump’s speech to the United Nations on Tuesday moved the world closer to war. The speech was Hitlerian in tone and content, filled with vitriol and grievance. Germany, said Hitler, was stabbed in the back by its own leaders after World War I. The Obama administration, declared Trump, signed an agreement with Iran that [...]

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(CNN) Here is a message to investors in the oil industry, whether pension and insurance funds, university endowments, hedge funds or other asset managers: Your investments are going to sour. The growing devastation caused by climate change, as seen this month in Texas, Florida and the Caribbean, are going to blow a hole in your fossil-fuel [...]

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The federal government provides formal and informal disaster insurance to the states. Formal programs include the National Flood Insurance Program, while informal insurance comes in special recovery grants following major disasters such as Hurricanes Katrina, Sandy, Harvey, and Irma. We urgently need an overhaul of such funding, starting with the recovery in Texas and Florida. [...]

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The Chicago Cubs broke a 108-year drought by winning the World Series last year. American workers are in a 40-year drought, but with the right game plan, they too can start to win. Consider first the sorry facts. The median inflation-adjusted earnings of full-time male workers peaked in 1973. By contrast, the earnings of capital [...]

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NEW YORK – The US is in the midst of a political meltdown, unable to manage a domestic economic agenda or a coherent foreign policy. The White House is in turmoil; Congress is paralyzed; and the world is looking on in astonishment and dread. If we are to survive and overcome this collapse, we must [...]

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NEW YORK – In recent weeks, US President Donald Trump and his advisers have joined Saudi Arabia in accusing Iran of being the epicenter of Middle East terrorism. The US Congress, meanwhile, is readying yet another round of sanctions against Iran. But the caricature of Iran as “the tip of the spear” of global terrorism, [...]

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In the last week of July, 54 years ago, President John F. Kennedy initialed the Partial Nuclear Test Ban Treaty with his counterpart, Soviet leader Nikita Khrushchev. Kennedy spoke to the nation in a remarkable address, which reminds us of his gifts of vision and eloquence; of the obligation and wisdom to pursue peace even in [...]

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