by Dean Baker | Mar 17, 2026 | AI, Article, big tech, China, Economy, Economy and Inequality, Reprint
This article originally appeared on Dean Baker’s Patreon. It is reprinted here with permission.
A bit less than 20 years ago, a nationwide housing bubble collapsed, giving us the Great Recession. Millions of homeowners had their houses foreclosed. We had high unemployment for the better part of a decade. And the subsequent falloff in construction created the basis for another extraordinary run-up in house prices during the pandemic. In other words, it was pretty bad news.
The current bubble in AI is laying the groundwork for another bad story. As was the case both before and after the collapse of the housing bubble, there is a tremendous premium in intellectual circles on making the problem more complicated than it is.
My latest poster child for this point is a column in the New York Times by Richard Bookstaber, a hedge fund manager who had predicted the financial crisis that followed the collapse of the housing bubble. His column notes the AI bubble, but then argues that the big problem is that we are also facing risks from the private credit market, as well as geopolitical risks, like the fact that China could cut off the supply of chips from Taiwan and also the price shock associated with the cutoff of the oil flow through the straits of Hormuz.
The collapse of the stock prices of the companies that are big factors in AI will then have huge spillover effects, devastating people’s 401(k)s, as well as whacking pension funds. This will lead to a huge fall in consumption, which would likely lead to a recession.
The warnings are well-taken, but the story is actually not complicated.
by Sharon Zhang | Mar 17, 2026 | Article, Gaza, Iran, Israel, Politics and Movements: International, Reprint, War
This article was originally published by Truthout on Mar. 16, 2026. It is shared here under a Creative Commons (CC BY-NC-ND 4.0) license.
Israel announced on Monday that it is expanding its ground in southern Lebanon, claiming to target Hezbollah as Israel’s defense minister pledges that “hundreds of thousands” of people already forcibly displaced by Israeli attacks “will not return” for the indefinite future.
In a statement, Israeli forces said that soldiers are carrying out “limited and targeted ground operations” in southern Lebanon. The purpose is to “establish and strengthen a forward defensive posture … to create an additional layer of security for residents of northern Israel,” the statement claims, ignoring that Hezbollah has maintained in previous conflicts that it would not retaliate against Israel if Israeli forces withdrew from southern Lebanon.
Axios reported last week that Israel is planning a massive expansion of its ground invasion of Lebanon with the goal of seizing the entire area south of the Litani River. This area is protected under a UN Security Council resolution as part of a decades-old ceasefire agreement, and makes up about 8 percent of the area of the country.
A senior Israeli official told Axios the military is “going to do what we did in Gaza.”
Israel and Hezbollah reached a ceasefire agreement in late 2024, but Israel violated it over 10,000 times in the first year, UN officials said. Now, Israel has unilaterally ended the ceasefire — though some argue Israel never adhered to it in the first place — and severely escalated bombardments and forced displacement in Lebanon, as the world focuses on Israel and the U.S.’s horrific war on Iran.
In just the past two weeks, Israel has killed over 880 people in Lebanon, including over 100 children and dozens
by Alex N. Press | Mar 17, 2026 | Article, Economy, Economy and Inequality, labor, Politics and Movements: US, Reprint, Unions
by Olivia Rosane | Mar 16, 2026 | Article, First Amendment, free speech, ICE, Politics and Movements: US, Prisons and Policing, Reprint
This story originally appeared in Common Dreams on Mar. 15, 2026. It is shared here under a Creative Commons (CC BY-NC-ND 3.0) license.
The government has largely won its first case bringing material-support-for-terrorism charges against protesters alleged to belong to “antifa,” which President Donald Trump designated as a domestic terror group in 2025 despite the fact that no such organized group exists and the president has no legal authority to designate organizations as domestic terror groups.
A federal jury in Fort Worth, Texas agreed on Friday to convict eight people of domestic terrorism because they wore all black to a protest outside Immigration and Customs Enforcement’s (ICE) Prairieland Detention Facility in Alvarado, Texas on July 4, 2025, at which one of the protesters shot and wounded a police officer. Legal experts say the verdict could bolster attempts by the administration to stifle dissent.
“A case like this helps the government kind of see how far they can go in criminalizing constitutionally protected protests and also helps them kind of intimidate, increase the fear, hoping that folks in other cities then will think twice over protesting,” Suzanne Adely, interim president of the National Lawyers Guild, told The Associated Press.
The administration promised it would be the first such case of many.
“The US lost today with this verdict.”
“Antifa is a domestic terrorist organization that has been allowed to flourish in Democrat-led cities—not under President Trump,” Attorney General Pam Bondi said in a statement Friday. “Today’s verdict on terrorism charges will not be the last as the Trump administration systematically dismantles Antifa and finally halts their violence on America’s streets.”
The trial revolved around a nighttime protest at which participants planned to set off fireworks in solidarity with the around 1,000 migrants detained inside the Prarieland ICE facility. Some participants brought guns,
by Alexandra Martinez | Mar 13, 2026 | Article, ICE, immigration, Politics and Movements: US, Reprint
by Eleanor J. Bader | Mar 12, 2026 | Article, education, Florida, Politics and Movements: US, Reprint
This article was originally published by Truthout on Mar. 10, 2026. It is shared here under a Creative Commons (CC BY-NC-ND 4.0) license.
First, there was democratic socialist Sen. Bernie Sanders. Then, in 2018, socialists Alexandria Ocasio-Cortez (AOC) and Rashida Tlaib won seats in the House of Representatives. Seven years later, in the fall of 2025, voters chose socialists Zohran Mamdani and Katie Wilson to lead New York City and Seattle, upping socialist representation in government to 250 people in 40 states.
These victories reflect the growing influence of socialist ideas and organizations across the U.S., driven in large part by youth. Unsurprisingly, the right wing has taken notice of this growing public appeal and has made it clear that it intends to stop the ascent of socialism — and communism — in their tracks. Their launching pad? Public education in Florida.
Beginning in the fall of 2026, all Florida middle and high school students will be required to take a yearly social studies class on the history of communism. The curriculum has already received the stamp of approval from the conservative Heritage Foundation (the group behind Project 2025), a right-wing nonprofit organization called the National Association of Scholars (NAS) and a NAS spinoff called the Civics Alliance, and it follows on the heels of the state’s 2022 imposition of Victims of Communism Day, which is now held every November 7 to mark the start of the 1917 Bolshevik revolution in Russia. The annual commemoration requires schools to provide a minimum of 45 minutes of instruction on “the horrors of communism” and the “destructiveness of Marxism-Leninism.” Programming is also expected to inculcate “an appreciation for the founding principles of the American republic.”
