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By Scott Ritter
$11.16
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By Jabari Asim
$26.00
$20
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Wikimedia Commons
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We knew capitalism was crazy, but it turns out it took only a single sale of $4.1 billion in futures to put into motion a series of events that culminated in the “flash crash” of May 6, during which the Dow Jones dropped 600 points in just a matter of minutes.
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Flickr / seastoxfam
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A leaked IMF report shows that there is growing international backing for a tax on bank profits, part of what has been dubbed a “Robin Hood tax” that, if ultimately agreed upon, would raise money to help those pushed deeper into poverty by the global financial crisis and to restore public services.
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AP / Jose Luis Magana
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In a letter to a ranking Senate Democrat, Treasury Secretary Timothy Geithner called for restrictions on derivatives—those financial instruments whose value is derived from other instruments—but stopped at an outright ban on the trading practices that helped lead to the current financial crisis.
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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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