Twilight of the Elites: Chris Hayes on How the Powerful Rig the System, from Penn State to Wall St.

Amidst a series of recent scandals that have rocked the global banking system, journalist Chris Hayes joins us to discuss his new book, “Twilight of the Elites: America After Meritocracy.” The book examines how Wall Street and other major institutions, from Congress to the Catholic Church to Major League Baseball, have been crippled by corruption and incompetence.

(There ain’t no) green jobs

Jobs, or rather the lack of, have been a major issue during the last French elections. This is hardly surprising as mass unemployment has been a fact of life in France for a whole generation. Unemployment rates have begun to climb during the late seventies and have hoovered between eight and ten percent since then. Of course the real figure is probably higher.

Tight oil could not render OPEC irrelevant

Steve Levine has a blog post discussing the idea that the “unfolding new age of fossil fuel abundance” will have profound effects on various things, including OPEC…The key factor behind this kind of thinking is the rapid rise of production of oil from tight rocks like the Bakken in North Dakota and the Eagle Ford in Texas. I haven’t taken a strong position on what the limits of production are from these sources – it just isn’t clear to me yet from the data that I have available. But we could certainly place some limits on how much geopolitical impact this could have on OPEC.

The Affordable Care Act’s Fatal Omission?

The proverbial elephant in the room (and perhaps the ACA’s fatal flaw) from my in-the-trenches standpoint is the sustainability question, How on earth is this health care system going to survive? The question has two components: First, the billions of dollars required to implement and sustain the ACA. Second, and most important, I’m talking about the viability of a system that is inextricably dependent on a ready supply of resources that are being consumed faster than they can be replaced.

Linking twin extinctions of species and languages

I think we inevitably underestimate the bond between biological complexity and cultural complexity…It may seem far-fetched to compare social and agricultural change in Iowa with linguistic and biological correlation in some of Earth’s biodiversity hotspots. But the underlying premise is the same. Biological diversity and cultural diversity go hand in hand.