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Tag: Economy

Stock Market Surge

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Posted on Mar 8, 2013 READ MORE


Bunny Hill

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Posted on Mar 8, 2013 READ MORE


Dow Jones

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Posted on Mar 7, 2013 READ MORE


Eric Holder

Holder on Prosecuting Big Banks, Nation’s Strictest Abortion Ban Enacted, and More

A look at the day’s political happenings, including the House votes to avoid a government shutdown and Gabrielle Giffords makes a plea for gun control at the place where she was shot two years ago.

Posted on Mar 6, 2013 READ MORE



AP/RIA Novosti/Alexei Druzhinin, Government Press Service

Ambitious Russia Trails U.S. in Arms Sales

Russia’s weapons merchants are back in the international limelight and the industry is booming.

Posted on Mar 6, 2013 READ MORE



Flickr / Abeeeer (CC-BY)

Why There’s a Bull Market for Stocks and Bear Market for Workers

On Tuesday the Dow Jones Industrial Average rose above 14,270. The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then. Yet the real median wage is now 8 percent below what it was then and unemployment remains sky-high. Why is the stock market doing so well, while most Americans are doing so poorly? Here are four reasons. 

Posted on Mar 6, 2013 READ MORE



School ‘Reform’ the Walmart Way

The Walton family, better known as the Walmart heirs, have invested millions in trying to privatize Los Angeles public schools; perhaps the true culprit of the sequester is President Obama; meanwhile, the former pope’s resignation can be seen as a sound surrender rather than a cowardly abdication. These discoveries and more after the jump.

Posted on Mar 6, 2013 READ MORE


House Divided

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Posted on Mar 6, 2013 READ MORE


Big Dow Jones

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Posted on Mar 6, 2013 READ MORE



Swiss Curb Executive Greed; Will Anyone Follow?

Switzerland just had a referendum in which it voted to give company and bank shareholders veto rights over the salaries, bonuses and overall compensation packages of senior executives and board directors.

Posted on Mar 5, 2013 READ MORE


Sequestration

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Posted on Mar 5, 2013 READ MORE



Christie Slams Congress, Krugman Debates Scarborough, and More

A look at the day’s political happenings, including a major development in the confirmation hearing of John Brennan and Jeb Bush flip-flops on immigration reform once more.

Posted on Mar 5, 2013 READ MORE


Sprinkler of the House

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Posted on Mar 5, 2013 READ MORE


ACORN logo

House GOP Budget Would Strip Nonexistent ACORN of Federal Funds Again

A bizarre provision of the House Republicans’ short-term budget bill would strip ACORN of all federal funds even though 1) the government already withdrew all federal money from the organization and 2) the group no longer exists.

Posted on Mar 5, 2013 READ MORE



The White House/Pete Souza

What Obama Should Do Now

I’d make clear to the American people that they made a choice in 2012 but that right-wing House Republicans have been blocking that choice, and the only way to implement that choice is for Congress to pass the Build America’s Future Act.

Posted on Mar 5, 2013 READ MORE



Neon Tommy

How California Turned Its Own Sequester Into Higher Taxes and Economic Growth

If President Obama follows the example of Gov. Jerry Brown in California, he can use devastating budget cuts to deal conservatives a crushing blow, argues David Sirota.

Posted on Mar 4, 2013 READ MORE



Jeb Bush Reverses Immigration Stance, Brian Williams ‘Disappointed’ With U.S., and More

A look at the day’s political happenings, including the White House weighing in on whether cellphones should be locked and Democratic lawmakers plan to introduce legislation to raise the minimum wage.

Posted on Mar 4, 2013 READ MORE


Sequestration Immolation

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Posted on Mar 4, 2013 READ MORE


Congressional Sinkhole

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Posted on Mar 4, 2013 READ MORE


Partisanship

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Posted on Mar 4, 2013 READ MORE



Screenshot

Scarborough, Krugman to Face Off on ‘Charlie Rose’

Nobel Prize-winning economist Paul Krugman and MSNBC host Joe Scarborough are taking their feud over the country’s massive debt and lackluster economy to television.

Posted on Mar 4, 2013 READ MORE


Corporate Super Model

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Posted on Mar 4, 2013 READ MORE        



Flickr/401(K) 2013

Austerity and the Threat to Democracy Around the World

The “sequester” is actually, of course, the American form of austerity, or cutbacks in government spending during a recession. Austerity, or stingy government in Europe has kept employment extremely depressed compared to what it would have been with government stimulus, as Paul Krugman argues.

Posted on Mar 4, 2013 READ MORE



AP/stf

Sequestration Nation, and Remembering Robert Kennedy

With the sequester now beginning, I find myself thinking about Robert F. Kennedy—and 46 years ago when I was an intern in his Senate office. 1967 was a difficult time for the nation. America was deeply split over civil rights and the Vietnam War. Many of our cities were burning. The war was escalating.

Posted on Mar 4, 2013 READ MORE



Adelson’s Company Admits to Bribery, Krugman Labels Sequester ‘Stupid,’ and More

A look at the day’s political happenings, including John Roberts being called out for a big error in the Voting Rights Act case and former NBA star Dennis Rodman defends his “good friend” Kim Jong Un.

Posted on Mar 3, 2013 READ MORE


‘Saturday Night Live’ Explains the Sequester

As Democrats and Republicans haggle over the severity of the budget cuts, “Saturday Night Live” took the opportunity to explain how exactly the sequester could affect you—or at least, it mocked the possibilities on its latest show.

Posted on Mar 3, 2013 READ MORE


Crisis Management

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Posted on Mar 3, 2013 READ MORE



Flickr/Seuss

The Sequester and the Tea Party Plot

Sequestration is only the start. What the tea party set out to do was not simply change Washington but eviscerate the U.S. government—“drown it in the bathtub,” in the words of their guru Grover Norquist.

Posted on Mar 3, 2013 READ MORE


Terror Alert Redux

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Posted on Mar 2, 2013 READ MORE


GOP Tourette’s

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Posted on Mar 2, 2013 READ MORE


A Good Day to Sequester

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Posted on Mar 2, 2013 READ MORE



White House/Pete Souza

Obama: Sequestration Is ‘Dumb,’ It’s ‘Going to Hurt’ but ‘We Will Get Through This’

Braced for automatic budget cuts that he described as “dumb” and painful, the president said Friday, “I’m not a dictator” and “if Mitch McConnell or John Boehner say ‘I need to go to catch a plane,’ I can’t have Secret Service block the doorway, right?”

Posted on Mar 1, 2013 READ MORE


World End

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Posted on Mar 1, 2013 READ MORE


Closed Capitol

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Posted on Mar 1, 2013 READ MORE


Europe After 3 Years of Austerity

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Posted on Mar 1, 2013 READ MORE



Nicholas Wang (CC-BY-SA)

The American Way of Work

I have been working at home for most of my life. Naturally, I’m interested in the controversy generated by Marissa Mayer, the new boss at Yahoo, when she ordered all that company’s employees to report to a regular company office.

Posted on Feb 28, 2013 READ MORE


While Republicans Warn Against ‘Greece,’ That Is Exactly Where Austerity Budgeting Will Lead U.S.

Indebted America is in danger of turning into destitute Greece, or so congressional Republicans and conservative commentators have been warning us for years now. For many reasons, this is an absurd comparison—but it may not always be quite so ridiculous if Washington’s advocates of austerity get their way.

Posted on Feb 28, 2013 READ MORE


Sequester Army Knife

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Posted on Feb 28, 2013 READ MORE


GOP Legacy

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Posted on Feb 28, 2013 READ MORE


No Thank You Necessary

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Posted on Feb 28, 2013 READ MORE


Sequestered

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Posted on Feb 27, 2013 READ MORE


Beppe Grillo

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Posted on Feb 27, 2013 READ MORE


Elizabeth Warren Grills Fed Chairman Over ‘Too Big to Fail’ Banks

Sen. Elizabeth Warren, D-Mass., a two-time Truthdigger of the Week, demonstrated once again why big banks and Wall Street want to keep their distance from her when she took on Ben Bernanke during his semiannual appearance before the Senate Banking Committee on Tuesday.

Posted on Feb 26, 2013 READ MORE


Rush Limbaugh

Cantor Wants to End Overtime, Limbaugh Claims Palin’s ‘Never Wrong,’ and More

A look at the day’s political happenings, including Homeland Security Secretary Janet Napolitano’s warning about the sequester cuts and a Michigan Republican lawmaker’s latest attempt to rig the vote.

Posted on Feb 25, 2013 READ MORE


Triggering the Cuts

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Posted on Feb 25, 2013 READ MORE



The Sequester Impact, Ted Cruz Calls Out ‘Communists,’ and More

A look at the day’s political happenings, including one lawmaker’s efforts to ensure corporations can vote and Michelle Obama teams up with Jimmy Fallon for the “Evolution of Mom’s Dancing.”

Posted on Feb 24, 2013 READ MORE


Sequestration

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Posted on Feb 24, 2013 READ MORE


Tea Party Austerity

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Posted on Feb 24, 2013 READ MORE


Gas Price and Recovery

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Posted on Feb 24, 2013 READ MORE



Flickr/Thomas Hawk

Big Banks Have Found Another Way to Rip You Off

Meet the major banks’ newest partner: payday lenders, the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent.

Posted on Feb 24, 2013 READ MORE


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