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An L.A. Story That’s All Too Familiar

When a city is forced to spend more on Wall Street fees than on basic public services, it is the sign of trouble.

Posted on May 9, 2014 READ MORE



U.S. Companies Doze as Climate Change Threatens

The advances of science and the rapid changes in the economy are leaving the U.S. corporate world far behind, say researchers, who warn that the sector must change urgently.

Posted on May 8, 2014 READ MORE



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The Six Principles of the New Populism (and the Establishment’s Nightmare)

More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington.

Posted on May 7, 2014 READ MORE



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All the Presidents’ Bankers: The Hidden Alliances That Drive American Power

In this excerpt from her best-selling new book, Nomi Prins writes about the period during the administration of Lyndon Johnson when bankers began to move away from the president as they saw their global ambitions hemmed in by the Vietnam War.

Posted on May 6, 2014 READ MORE



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Time for Some Happy Talk

Despite Republican claims to the contrary, things are definitely looking up. Democrats ought to be clicking their heels and spreading the good news.

Posted on May 5, 2014 READ MORE



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The Hillary Difference

President Obama’s difficulties do not appear to be hurting Hillary Clinton’s chances of winning the presidency in 2016.

Posted on May 5, 2014 READ MORE


U.S. Middle Class

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Posted on May 3, 2014 READ MORE


U.S. Control

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Posted on Apr 27, 2014 READ MORE



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Wall Street’s Secret Swindle

In the national debate over what to do about public pension shortfalls, here’s something you may not know: The texts of the agreements signed between those pension funds and financial firms are almost always secret.

Posted on Apr 25, 2014 READ MORE



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Now We Know: Economic Inequality Is a Malady—and Not a Cure

It has been a long, long time since Americans accepted the advice of a French intellectual about anything important, let alone the future of democracy and the economy.

Posted on Apr 25, 2014 READ MORE



Questions on the Future of Fracking

The fracking industry is radically changing the U.S. energy industry. But there are growing doubts about how sustainable it will prove.

Posted on Apr 25, 2014 READ MORE


Cookoo Republicans

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Posted on Apr 24, 2014 READ MORE



marsmett talahassee (CC BY-NC-SA 2.0)

Government = Protection Racket for the 1 Percent

The evidence of income inequality just keeps mounting.

Posted on Apr 23, 2014 READ MORE



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Business Leaders Are Concerned About Climate Change, Just Not in North America

According to a flash poll by the Economist Intelligence Unit, a minority of North American business leaders agree that climate change is a problem requiring urgent action, trailing all other continents polled.

Posted on Apr 22, 2014 READ MORE


Obamacare Train Wreck

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Posted on Apr 22, 2014 READ MORE



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Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 2014 READ MORE



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High Inequality Results in More U.S. Deaths Than Tobacco, Car Crashes and Guns Combined

In 2009, the British Medical Journal published a study that revealed what seems to be a shocking truth.

Posted on Apr 22, 2014 READ MORE



John Caballero (CC-BY-SA)

Bill de Blasio, Unbowed

New York’s new mayor offers no apologies for waging war on economic inequality, for taking his time in making key appointments, or for riling advocates of charter schools.

Posted on Apr 21, 2014 READ MORE


Obamacare Disaster

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Posted on Apr 21, 2014 READ MORE



Clinton’s Advisory Team Pressed for Wall Street Deregulation, Documents Show

New documents reveal the back story of how Wall Street deregulation was pushed by the advisers of President Clinton.

Posted on Apr 21, 2014 READ MORE


Repeal or Cut Bait

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Posted on Apr 21, 2014 READ MORE


Payday Lenders

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Posted on Apr 20, 2014 READ MORE



C. Wright Mills Understood Why We’re So Lame

In the 1950s, as the United States transitioned from a factory- to an office-based economy, the sociologist perceived that “if you wanted to find out what was wrong with American society and politics, you had to look to the white-collar worker,” writes Nikil Saval in The Chronicle of Higher Education.

Posted on Apr 19, 2014 READ MORE


Russell Brand Sits Down With a Philosopher to Find the ‘Truth Behind the Headlines’

Some newspapers would have you believe you’re in constant danger of being eaten by a giant South American bird around the corner from your home.

Posted on Apr 19, 2014 READ MORE



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Will Government Use Its New Leverage Over the Financial Industry?

If you read one business book this year, make it “Flash Boys” by Michael Lewis. The journalist famous for “Moneyball” and “The Big Short” takes readers inside the parasitic world of high-frequency trading that is harming the broader economy.

Posted on Apr 18, 2014 READ MORE



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On Climate, Business as Usual

Despite mounting evidence that global warming is an urgent crisis, emissions of heat-trapping greenhouse gases grew faster between 2000 and 2010 than over the previous three decades, according to an authoritative new report from the Intergovernmental Panel on Climate Change.

Posted on Apr 18, 2014 READ MORE



Illustration by Donkey Hotey (CC-BY)

Who Are the Koch Brothers and What Do They Want?

Given the reality that the Koch brothers are now the most important and powerful players in American politics, it is important to know what they want and what their agenda is.

Posted on Apr 18, 2014 READ MORE


GOP Healthplan

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Posted on Apr 17, 2014 READ MORE



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Antitrust in the New Gilded Age

We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted.

Posted on Apr 17, 2014 READ MORE



Climate Costs ‘May Prove Much Higher’

A re-examination of the true social costs of greenhouse gas emissions suggests they may have been seriously under-estimated, researchers say.

Posted on Apr 16, 2014 READ MORE



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Happy Tax Day, and Why the 1 Percent Pay a Much Lower Rate Than You

It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.

Posted on Apr 15, 2014 READ MORE


Gourmet

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Posted on Apr 14, 2014 READ MORE



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Residents of New Mexico Suffer Under Unregulated Housing Market

In a chilling report on “New Mexico’s Badlands,” writer Joseph Sorrentino sketches life in the “colonias” of Pajarito Mesa, a desert area 10 miles from Albuquerque and home to 1,200 to 1,500 people struggling against real estate predation and an absence of basic services.

Posted on Apr 12, 2014 READ MORE



How Corrupt Is the Obama Administration?

A retiring prosecutor reveals just how unlawful the SEC is; the Netflix show “House of Cards” has helped China’s image in the U.S.; meanwhile, the long-term unemployment crisis must be resolved. These discoveries and more after the jump.

Posted on Apr 12, 2014 READ MORE



AP/Carolyn Kaster

Obama and the Johnson Legacy: Recollecting the Great Society

President Obama appeared in Austin, Texas, on Thursday night to deliver that rarest of speeches: a tribute to a former president, Lyndon Baines Johnson, whose administration still remains in controversy.

Posted on Apr 11, 2014 READ MORE


Pulitzer Prize Winner Says U.S. Has the Most Unfair Modern Economy

This week on Truthdig Radio in association with KPFK: Why the rich keep getting richer (and don’t even realize it), poverty around the world, Stephen Colbert heads to CBS, and Pacifica tries to put a network back together again.

Posted on Apr 11, 2014 READ MORE


Pulitzer Prize Winner Says U.S. Has the Most Unfair Modern Economy

This week on Truthdig Radio in association with KPFK: Why the rich keep getting richer (and don’t even realize it), poverty around the world, Stephen Colbert heads to CBS, and Pacifica tries to put a network back together again.

Posted on Apr 11, 2014 READ MORE



What Newly Released Docs Tell Us About the IRS and How It Handles Dark Money Groups

Here are five takeaways ProPublica found from the documents released Wednesday by a House committee.

Posted on Apr 10, 2014 READ MORE



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How the Labor Department Has Let Companies Off the Hook for Unpaid Internships

Four years ago, the Labor Department clarified the rules that make unpaid internships legal, but employers continue to enjoy lax enforcement and free labor.

Posted on Apr 9, 2014 READ MORE



Why the Minimum Wage Should Really Be Raised to $15 an Hour

Momentum is building to raise the minimum wage to $10.10. But we need to be more ambitious.

Posted on Apr 9, 2014 READ MORE


A Century of Collusion Between Washington and Finance

Former Wall Street executive, financial journalist and Truthdig contributor Nomi Prins tells “Democracy Now!” how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States, a series of events that she documents in her new book, “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power.”

Posted on Apr 8, 2014 READ MORE


Wall Street Rigged

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Posted on Apr 7, 2014 READ MORE



Corporations Weigh Risks, Opportunities of Changing Climate

For business and industry climate change brings a range of concerns—and offers plenty of new opportunities as well.

Posted on Apr 6, 2014 READ MORE


GOP NoCare

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Posted on Apr 6, 2014 READ MORE



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The Labor Market’s Double Standards

Technology, sports and politics are distinct worlds. They have their own junkies, their own vernaculars and their own peculiar customs. Yet, in recent weeks you may have noticed a common economic argument coming from those worlds’ respective leaders—an argument about who should have a right to engage in collective action and who should not.

Posted on Apr 4, 2014 READ MORE



Studies Confirm the Dehumanization of Black Children and the ‘Preschool-to-Prison Pipeline’

Racial justice activists and prison abolition groups have long argued that the “school-to-prison” pipeline funnels young black kids into the criminal justice system, with higher rates of school suspension and arrest compared with nonblack kids for the same infractions.

Posted on Apr 3, 2014 READ MORE


Give ‘n’ Take

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Posted on Apr 3, 2014 READ MORE



Vietnam’s Solution for Corrupt Bankers: Firing Squads

For the most part, American bankers whose rash pursuit of profit brought on the 2008 global financial collapse didn’t get indicted. They got bonuses.

Posted on Apr 3, 2014 READ MORE


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