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Fact of the Week

Despite lower corporate tax revenues, United States Treasury Secretary Paul O'Neill assured reporters on 29 June that the economy was "doing just fine." In May, however, insiders at American companies sold $34.11 of stock for every dollar that they bought. Corporate executives don't seem to believe the government.

Sources: USA Today (insider selling); and Reuters (Paul O'Neill).

Links to the best of the Left on the web

Our Picks for Links of the Week: 1 July 2001

World War II: The Secret History: Series of articles from the Boston Globe with revelations from declassified documents.
Nakatani: Japan interested in independent defense: Japan may develop its own missile shield independent of the United States (Asahi Shimbun, in English).
The Man from Alcoa: The grown-up in the Bush cabinet has turned out to be a crank (William Greider, The Nation).
Rewriting History: David A. Bell reviews The Essential E. P. Thompson (New York Times Book Review).
(Some of) the People's Tax Cut: How the Democrats blew it on the recent tax cut (Leah Platt, The American Prospect).
US makes a patently healthy decision: the United States has finally admitted that some things are more important than corporate profits (Julian Borger, The Guardian)
The Paper Trail: Special report on logging of rainforests in Indonesia and the cheap paper that results in the West (The Guardian).

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