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Tag: Bailout

Robert Reich on OWS Strategy: Hit ’Em Where It Counts

Former U.S. Labor Secretary Robert Reich took stock of the current status and future possibilities of Occupy movements around the country on Thursday’s “Countdown With Keith Olbermann,” suggesting that the network of affiliated protest groups ... (more)

Posted on Nov 4, 2011 READ MORE  |  12 COMMENTS



David Shankbone (CC-BY)

Chris Hedges Arrested in Front of Goldman Sachs

The New York Daily News reports that at least 15 Occupy Wall Street protesters were arrested after about 300 marched from Zuccotti Park to the front door of Goldman Sachs. Among them was Truthdig columnist Chris Hedges.

Posted on Nov 3, 2011 READ MORE  |  122 COMMENTS


Exposing the Worst of the 1 Percent

Robert Greenwald’s Brave New Films is preparing a multimedia onslaught to expose those 1 percenters who use their monetary and political powers to the disadvantage of others—sometimes millions of others, as in the case of Bank of America ... (more)

Posted on Nov 3, 2011 READ MORE  |  3 COMMENTS



Wikimedia Commons / Department of Defense

Greek PM: Never Mind the Referendum

Greek Prime Minister George Papandreou appeared to be losing his grip on both his country and his job on Thursday, as reports circulated that he had scrapped his surprise call for a nationwide referendum on the bailout plan proposed by eurozone leaders ... (more) Updated

Posted on Nov 3, 2011 READ MORE  |  5 COMMENTS



AP / J. Scott Applewhite

Too Big to Jail

Can we all agree that a $1 billion swindle represents a lot of money? So why isn’t former Citigroup Chairman Robert Rubin breaking a sweat?

Posted on Nov 2, 2011 READ MORE  |  125 COMMENTS


‘Democracy Now!’: Oakland Gears Up for General Strike

On Wednesday, Occupy Oakland demonstrators were preparing to launch a citywide strike, nodding to a similar moment in Oakland’s history and preparing for pushback from local police and employers of striking workers. Amy Goodman takes a look at the buildup to the strike in this clip from “Democracy Now!”

Posted on Nov 2, 2011 READ MORE  |  1 COMMENT



Flickr / Vasilis Filis (CC-BY-SA)

Greek PM Rocks the Bailout Boat

Last week’s summit of European Union leaders to find an emergency solution, or at least a stopgap measure, for the region’s compounding economic crisis initially led to a brief bounce in the markets and a flash of hope. That was squelched by Tuesday with the news that Greek prime minister … (more)

Posted on Nov 1, 2011 READ MORE  |  7 COMMENTS



AP / Bebeto Matthews

Wall Street: You’ve Got Hate Mail

Some 400 Occupy Wall Street protesters got into costume Friday, but the occasion wasn’t an early observance of the beloved pagan-inspired holiday that is Halloween. Rather, the messengers from among OWS ranks paid visits to big bank headquarters in Manhattan to deliver mail from Americans ... (more)

Posted on Oct 28, 2011 READ MORE  |  2 COMMENTS


‘Left, Right & Center’: Relief in Europe, Inequality in America

An emergency economic summit in Europe brought direly needed relief to Greece and neighboring nations, but will it last—and is it enough? Meanwhile, on our side of the planet, a report from Congress showed that the richest 1 percent of Americans more than doubled their share of national income in the last 30 years.

Posted on Oct 28, 2011 READ MORE  |  1 COMMENT



AP / Noah Berger

Occupy Oakland Defies Mayor, Pitches Camp

Do the mayors of, say, Oakland, Atlanta, New York and Los Angeles have each other on speed dial this week? That’s kind of what it looked like, with tensions between those city leaders, aided by creative interpretations of public property regulations, and their respective Occupy movements ratcheting up this week. Updated

Posted on Oct 28, 2011 READ MORE  |  7 COMMENTS


Madoff
AP / Louis Lanzano

Madoff’s Regrets

Ponzi schemer Bernard Madoff’s got nothing but time as he serves his sentence in a North Carolina prison for defrauding a vast network of clients out of billions of dollars, and he’s apparently not averse to spending some of it sitting for interviews that aren’t likely to help his standing much.

Posted on Oct 27, 2011 READ MORE  |  7 COMMENTS


Euro symbol
AP / Daniel Roland

Eurozone Gets a Boost, Finally

This week’s European crisis summit in Brussels has produced an agreement in an effort to mitigate what was looking like an inevitable economic catastrophe, judging by the dire situation in Greece and elsewhere in the eurozone. By Thursday, international markets were registering the results.

Posted on Oct 27, 2011 READ MORE  |  5 COMMENTS



AP / Ben Margot

Oakland, Atlanta Officials Take It Up a Notch Against Occupy Movement

Tuesday morning’s arrests of Occupy Oakland protesters, along with the recent display of police prowess that Atlanta Mayor Kasim Reed visited upon the occupy encampment in his own city, add up to signs of trouble that could threaten the peaceful tone of the movement, at least as The Christian Science Monitor … (more)

Posted on Oct 25, 2011 READ MORE  |  20 COMMENTS


Money Wars: Goldman Sachs vs. OWS

In this clip from Tuesday’s “Democracy Now!” we hear the story of Goldman Sachs’ recent move to back out of a fundraiser for the Lower East Side People’s Federal Credit Union after the financial giant caught wind that the event would pay tribute to the Occupy Wall Street movement. But, as Amy Goodman and investigative reporter … (more)

Posted on Oct 25, 2011 READ MORE  |  2 COMMENTS



guardian.co.uk

WikiLeaks Goes Into Emergency Triage Mode

WikiLeaks’ days may be numbered, or at least its function as Web-based whistle-blower may be seriously compromised, if the muckraking site Julian Assange built doesn’t sort out its money issues soon. These issues, Assange was careful to note on Monday, were caused by the deliberate stranglehold ... (more)

Posted on Oct 24, 2011 READ MORE  |  22 COMMENTS



Flickr / respres (CC-BY)

Obama Rolls Out New Plan to Help Homeowners

President Obama is doing an end run around Congress with a new strategy to target one of the most crucial sectors of the U.S. economy, and one clearly in need of serious resuscitation—the mortgage market. This first installment of Obama’s proposed economic rehab program, which he dubbed the “We Can’t Wait” campaign ... (more)

Posted on Oct 24, 2011 READ MORE  |  7 COMMENTS



AP / Isaac Brekken

No Hope for the Jobless if a Republican Wins

Almost 20 miles from the Occupy L.A. encampment and 265 miles from the Las Vegas Republican presidential debate, the state employment office in Norwalk, Calif., was a sad, quiet reminder of what the presidential campaign should be about—unemployment that is dooming the prospects of this generation and its children.

Posted on Oct 21, 2011 READ MORE  |  90 COMMENTS


The Choice Between Democracy and Autocracy

His Majesty King John Hickenlooper, the sovereign governor of the Kingdom of Colorado, handed down an edict closing the grounds of the Capitol palace to the public and ordering his praetorian guard to arrest the peaceful Occupy Denver protesters assembled at the castle gates.

Posted on Oct 21, 2011 READ MORE  |  25 COMMENTS



bbc.co.uk

Greek Parliament Passes Austerity Package

While the international media zoomed in on Libya on Thursday, another important story was unfolding in Athens, where two days of strikes and protests failed to sway parliament members from passing a bill of austerity measures the Greek government insisted was necessary to avoid an even more catastrophic economic mess.

Posted on Oct 20, 2011 READ MORE  |  12 COMMENTS



AP / Andrew Burton

Let Them Eat Keller

Funny, he doesn’t look like Marie Antoinette. But when former New York Times Executive Editor Bill Keller asks his readers if they are “bored by the soggy sleep-ins and warmed-over anarchism of Occupy Wall Street,” it displays the arrogance of disoriented royal privilege.

Posted on Oct 20, 2011 READ MORE  |  50 COMMENTS



White House / Pete Souza

The Occupy Windfall

“Defend Wall Street” is not likely to be a winning campaign slogan in 2012. For Republicans, this is an obvious problem. For President Obama and the Democrats, it’s a golden—if largely undeserved—opportunity.

Posted on Oct 17, 2011 READ MORE  |  48 COMMENTS



Flickr/_PaulS_ (CC-BY-SA)

Our Delusions of Grandeur Will Save the World

It’s easy to see that apathy among a subset of middle-class youth is turning to politicization, and the natural form of this politicization is protest against the neoliberal state’s slashing of the social benefits that created the modern middle class in the first place.

Posted on Oct 17, 2011 READ MORE  |  24 COMMENTS



Mr. Fish

Nude in Black and White

I thought about Susan Dey and blisters and being a hippie last Thursday when I found myself driving around outside the Air and Space Museum looking for a place to park. I was in D.C. for the purpose of lending my body and rancor to the Occupy Wall Street protesters gathering in Freedom Plaza for their first day of rabble-rousing.

Posted on Oct 14, 2011 READ MORE  |  17 COMMENTS        



Flickr/david_shankbone (CC-BY)

OWS, The American Dream and You

Taking a cue from the 99 percenters, some conservatives are hoping to make their own play on demographics by redirecting the national discourse about class struggle and revising the cherished American story of meritocracy for these, our troubled times.

Posted on Oct 14, 2011 READ MORE  |  14 COMMENTS



AP / Mary Altaffer

OWS Declares Victory as Liberty Plaza Cleanup Is Postponed

Occupy Wall Street: 1, Mayor Bloomberg: 0. After the New York City mayor’s sketchy sanitation plan for Zuccotti Park—or, if you will, Liberty Plaza—was postponed on Friday, OWS members were bullish, making it clear on their website that this development constituted a victory ... (more)

Posted on Oct 14, 2011 READ MORE  |  7 COMMENTS


Taibbi’s List: Five Demands for OWS

Much has been made—including a lot of noise—about the Occupy Wall Street movement’s supposed lack of a cohesive message or handy list of bullet points to rally around, which even New York Times editors noted is somewhat beside the point. Regardless, Rolling Stone’s Matt Taibbi has come up with five action items for OWS, which ... (more)

Posted on Oct 14, 2011 READ MORE  |  10 COMMENTS



Anonymous via Eddie Colla

Anonymous Wants You to Move Your Money

Camping out by Wall Street and peacefully protesting are but two ways of signaling collective displeasure about America’s compromised economic system, but here comes Anonymous with another handy tip for would-be opponents of our nation’s banking behemoths: Let the currency of their realm do the talking.

Posted on Oct 11, 2011 READ MORE  |  16 COMMENTS



AP / Jason DeCrow

What Do They Want? Justice

How can anyone possessed of the faintest sense of social justice not thrill to the Occupy Wall Street movement now spreading throughout the country?

Posted on Oct 6, 2011 READ MORE  |  261 COMMENTS



AP / J. Scott Applewhite

The Men We Trusted to Lead Us

Why are Ben Bernanke and Barack Obama just now discovering that there is a jobs crisis in this country?

Posted on Sep 28, 2011 READ MORE  |  101 COMMENTS


When Socialism Saves Capitalism

Have you noticed that one of the Obama administration’s most successful programs is also its most “socialist” initiative?

Posted on Sep 21, 2011 READ MORE  |  33 COMMENTS


America the Passive

Democrats should be building statues of former Michigan Gov. Jennifer Granholm, or at least giving away copies of her new book, "A Governor’s Story."

Posted on Sep 21, 2011 READ MORE  |  13 COMMENTS


Italy Inclined

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Posted on Sep 20, 2011 READ MORE


European Union Life Raft

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Posted on Sep 18, 2011 READ MORE


Greek Euro

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Posted on Sep 15, 2011 READ MORE



Office of House Minority Leader Nancy Pelosi

Elizabeth Warren Is Running for the Senate

In the past few years, Elizabeth Warren proved herself one of the very few people in government committed to actually doing something about Wall Street greed, and she got kicked to the curb as a result. Now she is hoping to win back Ted Kennedy’s Senate seat from Republican Scott Brown. (more)

Posted on Sep 14, 2011 READ MORE  |  8 COMMENTS


Obama Labor Day Speech (Video and Transcript)

On Monday the president celebrated working people and the contributions of unions to our society and he previewed some of the proposals in his forthcoming jobs plan at an AFL-CIO-sponsored speech in a GM parking lot.

Posted on Sep 5, 2011 READ MORE  |  4 COMMENTS



White House / Samantha Appleton

Obama Previews Jobs Agenda

The president will officially unveil his plan to create jobs and rescue the economy at a joint session of Congress on Thursday, but he offered a sneak peek Monday to union workers in Detroit. It comes down to bridges and taxes. (more)

Posted on Sep 5, 2011 READ MORE  |  7 COMMENTS



Bush White House / Paul Morse

Always Some Bushie There to Remind Us

Thank you, George W. Bush and Dick Cheney, for emerging from your secure, undisclosed locations to remind us how we got into this mess: It didn’t happen by accident.

Posted on Sep 1, 2011 READ MORE  |  27 COMMENTS



Flickr / Wonderlane (CC-BY)

Buffett Pumps Up Bank of America

Warren Buffett’s company Berkshire Hathaway negotiated a $5 billion investment with Bank of America on Thursday, a vote of confidence in the recently ailing institution. (more) [Earlier Thursday, Truthdig erroneously reported the figure as $5 million.]

Posted on Aug 25, 2011 READ MORE  |  6 COMMENTS



Flickr / stevendamron

A Look at the ‘Bush-Obama’ Presidency

Essayist, Yale English professor and TomDispatch contributor David Bromwich takes a careful accounting of the “sacked” and “saved” members of the Obama administration in an attempt to reveal the similarities between his presidency and George W. Bush’s. (more)

Posted on Aug 22, 2011 READ MORE  |  7 COMMENTS



how will i ever (CC-BY-SA)

Naomi Klein on Riots and Resistance

Britain’s riots were not political, we are assured, and looting is simply un-British, but “Shock Doctrine” author Naomi Klein takes a different view: From Iraq to Argentina, when corrupt elites pass the bill to the struggling masses, civil unrest is to be expected.

Posted on Aug 16, 2011 READ MORE  |  14 COMMENTS



Jacob Bøtter (CC-BY)

Another Bailout Joins the Goofball Economy

The whole thing is nuts. The economy is a shambles, saved from a free fall only by the Federal Reserve’s unprecedented promise of free money for banks for at least two years.

Posted on Aug 9, 2011 READ MORE  |  65 COMMENTS



Tony the Misfit (CC-BY)

The Bizarro FDR

Barack Obama is a lot of things—eloquent, dissembling, conniving, intelligent and above all, calm. But one thing he is not is weak.

Posted on Aug 4, 2011 READ MORE  |  102 COMMENTS



AP / Carolyn Kaster

Debt Madness Was Always About Killing Social Security

Republican hypocrites are out to settle ideological scores that have nothing to do with the debt they themselves ran up.

Posted on Jul 27, 2011 READ MORE  |  86 COMMENTS


Greece Bailout

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Posted on Jul 24, 2011 READ MORE



AP / Pablo Martinez Monsivais

Sorry Elizabeth, Wall Street Said No

Obama’s gutless decision to abandon Elizabeth Warren comes after the president populated his administration with the very people who created the financial meltdown.

Posted on Jul 19, 2011 READ MORE  |  233 COMMENTS


Kebab Obama

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Posted on Jul 19, 2011 READ MORE



AP / Pablo Martinez Monsivais

The GOP’s Sick Priorities

These threatened programs are not government handouts to a privileged class, like defense contractors and bailed-out bankers, who do feel eminently entitled to pig out at the federal trough.

Posted on Jul 12, 2011 READ MORE  |  117 COMMENTS


IMF

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Posted on Jul 10, 2011 READ MORE


Papandreou Among the Ruins

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Posted on Jul 10, 2011 READ MORE


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