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 . '/' . substr('9780811220316',-6,3) . '/' . '9780811220316' . '.jpg'; ?>)
By Lawrence Ferlinghetti
$22.95
By Alec Wilkinson
$15.61
$24
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Monte Wolverton, Cagle Cartoons —
Posted on May 1, 2013
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Democracy Now!
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By Alexander Reed Kelly — “We all misjudged the risks involved,” former Federal Reserve Chairman Alan Greenspan said in March 2010 of the housing bubble that led to the financial crisis. He forgot about economist Dean Baker.
Posted on Dec 15, 2012
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Concrete Forms (CC BY 2.0)
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Just in time for the election, the Commerce Department reported that construction starts on houses and apartments in September increased at the fastest rate since the beginning of the recession.
Posted on Oct 17, 2012
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World Economic Forum (CC BY-SA 2.0)
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In a development that may please Truthdigger of the Week Sheila Bair, Vikram Pandit, the man who was in charge of megabank Citigroup during the financial crisis, left his job abruptly and with little explanation on Tuesday.
Posted on Oct 16, 2012
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Fortune Live Media (CC BY-ND 2.0)
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Few voices in the regulatory community called for the expulsion of derelict executives and the means to force banks to lend bailout money to the public amid the 2008 financial crisis. Former FDIC Chairman Sheila Bair was among them.
Posted on Oct 13, 2012
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Wonderlane (CC BY 2.0)
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Rather than fight its way through court, Bank of America has dipped into its “litigation reserves” to settle a shareholder lawsuit over the dubious methods it used to acquire Merrill Lynch as the credit crisis ramped up.
Posted on Sep 28, 2012
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Mike Licht, NotionsCapital.com (CC BY 2.0)
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At the height of the financial crisis, The Guardian identified 25 bankers, economists, politicians and financial officials who helped bring about the worst economic crisis since the Great Depression. What are they up to now?
Posted on Aug 7, 2012
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http2007 (CC BY 2.0)
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Growth for the world’s largest exporter hit its slowest pace in three years as demand for Chinese products waned in the U.S., Europe and elsewhere, prompting the country’s leaders to encourage investment with stimulus measures.
Posted on Jul 13, 2012
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Robin Hood Tax USA (CC BY 2.0)
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On Monday, economist Simon Johnson presented officials at the Federal Reserve with a petition containing 38,000 signatures appealing for the removal of JPMorgan Chase CEO Jamie Dimon from the Federal Reserve Board of Governors.
Posted on Jun 26, 2012
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nikoretro (CC BY-SA 2.0)
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Amid a festering economic crisis, Greek society’s super-rich have retreated to their private mansions and island resorts to sip cocktails, kick back on imported Asian sand and figure out new ways to slip their money out of the country.
Posted on Jun 14, 2012
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Todd Ehlers (CC BY-ND 2.0)
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The American banking industry enjoyed profits of $35.3 billion in the first quarter of 2012, the industry’s best performance since 2007, according to the Federal Deposit Insurance Corp. But it did so largely because banks put aside less money to cover bad loans, while keeping a lid on new lending.
Posted on May 24, 2012
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Fey Ilyas (CC BY-SA 2.0)
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By James K. Galbraith, The Baffler —
Two months before the collapse of Lehman Brothers in 2008, a group of experts and I warned the Obama campaign about the likelihood of a global economic crisis. Not the slightest word came back.
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401K (CC BY-SA 2.0)
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In the wake of the 2008 crash and the widespread government-imposed austerity that followed, high levels of long-term and youth unemployment across the globe are in danger of becoming fixed, according to an annual report by the International Labor Organization.
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Gabriela Camerotti (CC-BY)
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Tally the fatal, unhappy costs of runaway capitalism. Across Europe, businessmen unable to cope with the world made by the 2008 economic crash are taking their lives.
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bogieharmond (CC-BY)
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There are more than five times as many vacant homes in the U.S. as there are homeless people, according to Amnesty International USA. Since 2007, banks have shuttered about 8 million American houses, almost doubling the previous number, while 3.5 million homeless shiver in the cold.
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Flickr / SS&SS
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In his first essay for New York Magazine since quitting The New York Times last spring, Frank Rich thoughtfully details Barack Obama’s failure to push back against the financial wheeler-dealers who drove the country to the brink of ruin ... (more)
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How the IRS’ Nonprofit Division Got So Dysfunctional
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