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October 26, 2014
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Why the Middle Ages Matter: Medieval Light on Modern Injustice

Why the Middle Ages Matter: Medieval Light on Modern Injustice

By Celia Chazelle (Editor), Simon Doubleday (Editor), Felice Lifshitz (Editor), Amy G. Remensnyder (Editor)

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Tag: Money


A Case Study in the Perverse Incentives Tobacco Bonds Create

A central tenet of government finance is that money borrowed over the long term should be spent on projects that will outlast the debt – things like buildings, bridges or other essential infrastructure. That’s not what upstate New York’s Niagara County did with much of its money from tobacco bonds.

Posted on Oct 25, 2014 READ MORE



A Revisionist Take on President Obama

There is no shortage of bad news for President Obama, but history may be kinder to the man.

Posted on Oct 24, 2014 READ MORE



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The Blue-Collar Imperative

Democrats in Kentucky and Georgia are pushing hard to win back the white working-class vote from Republicans.

Posted on Oct 20, 2014 READ MORE



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Fracking for the Cure?

One of the world’s largest fossil fuel services firms is partnering with the Susan G. Komen Foundation on a breast cancer awareness campaign, despite possible links between fracking and cancer.

Posted on Oct 17, 2014 READ MORE


Jon Stewart Calls Democrats Out on Their Hypocrisy When It Comes to Money in Politics

Despite countless speeches by Democratic leaders denouncing the evils of money in politics, their party sure knows how to raise and spend boatloads of campaign dollars. “And then of course there are ... the emails,” a horror-stricken Jon Stewart says on Monday night’s “Democalypse” segment of “The Daily Show.”

Posted on Oct 14, 2014 READ MORE



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Billionaire Elections Turn Off Voters

There is far too much complacency about big money’s role in this year’s campaigns, on the grounds that both sides have plenty of it. This misses the point.

Posted on Oct 13, 2014 READ MORE



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What Ebola Can Teach Us

The lessons are quite obvious at this point—and contain implications that are political in the most urgent sense.

Posted on Oct 9, 2014 READ MORE



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A Tar Heel Rebellion Against Conservatism

Democratic Sen. Kay Hagan has been buoyed by her state’s disaffection for conservative cutbacks and restrictions on voter rights.

Posted on Oct 9, 2014 READ MORE



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Dollars for Dudes: Almost No Women Among Medical Industry’s Top-Paid Speakers

The causes are not clear, but men account for more than 90 percent of the 300 doctors who received the most money from drug and medical device companies, according to new federal data.

Posted on Oct 8, 2014 READ MORE



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Health Insurers Are Spending Millions to Defeat California’s Proposition 45

From the start, even fans recognized that one of Obamacare’s great weaknesses was its failure to regulate insurance rates.

Posted on Oct 7, 2014 READ MORE



We Need to Raise Most People’s Wages to Grow the Economy for the Majority, Not the 1 Percent

Other cities and states should follow Seattle’s example.

Posted on Sep 29, 2014 READ MORE


CEO Pay

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Posted on Sep 28, 2014 READ MORE


Koch Gourmet

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Posted on Sep 28, 2014 READ MORE



How Much Control Does Goldman Sachs Have Over the Federal Reserve?

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator—and its history of deference to banks.

Posted on Sep 26, 2014 READ MORE



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A Pension Jackpot for Wall Street

Most consumers understand that when you pay an above-market premium, you shouldn’t expect to get a below-average product. Why, then, is this principle often ignored when it comes to managing billions of dollars in public pension systems?

Posted on Sep 26, 2014 READ MORE



Global Warming and Global Warring

Hours after 400,000 people joined in the largest climate march in history, the United States began bombing Syria, starting yet another war.

Posted on Sep 24, 2014 READ MORE



DoD photo by Mass Communication Specialist Carmichael Yepez, U.S. Navy

Why Are We Bombing Syria?

The administration’s response to the conjunction of this weekend’s People’s Climate March and the International Day of Peace? Bomb Syria.

Posted on Sep 23, 2014 READ MORE



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Public Pressure Is the Best Hope for Climate Action

On Sunday, a crowd calculated by organizers at more than 300,000 took part in the biggest march ever against climate change.

Posted on Sep 22, 2014 READ MORE



Denis Kornilov / Shutterstock.com

The Mystifying Election

There is something deeply satisfying about the troubles punditry is having in nailing down exactly what’s happening in the 2014 elections.

Posted on Sep 22, 2014 READ MORE



Why Ordinary People Bear Economic Risks and Donald Trump Doesn’t

Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street.

Posted on Sep 22, 2014 READ MORE



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Too Big to Punish

A few months ago, in a press conference about the felony conviction of Credit Suisse, Attorney General Eric Holder said, “This case shows that no financial institution, no matter its size or global reach, is above the law.” Yet, earlier this month, the Obama administration announced its proposal to waive some of the possible sanctions against Credit Suisse.

Posted on Sep 19, 2014 READ MORE



Steve Rhodes (CC BY-NC 2.0)

Occupy Activists Try to Restore Our Faith in ‘Collective Power’ by Wiping $3.9M of Student Loan Debt

The Strike Debt movement, which has its roots in Occupy Wall Street, bought and “abolished” a portfolio that included the student loan debts of 2,700 students who had attended the privately run Everest College.

Posted on Sep 18, 2014 READ MORE



A New Way Insurers Are Shifting Costs to the Sick

By charging higher prices for generic drugs that treat certain illnesses, health insurers may be violating the spirit of the Affordable Care Act, which bans discrimination against those with pre-existing conditions.

Posted on Sep 18, 2014 READ MORE



One Way or Another, Everything Changes

From the author of “The Shock Doctrine,” here is the introduction to Naomi Klein’s new book, “This Changes Everything: Capitalism vs. the Climate.”

Posted on Sep 17, 2014 READ MORE



A Climate Week to Change Everything

The climate crisis is worsening faster than predicted, by every scientific measure, and is paralleled by another crisis: the failure of the U.N. climate negotiation process.

Posted on Sep 17, 2014 READ MORE


Chris Hedges Has 15 Minutes to Start a Revolution

By Chris Hedges

The Truthdig columnist speaks to a crowd in Wisconsin over the weekend about the prevailing power structure and “the abject surrender of our political class ... to cash-rich lobbying groups.”

Posted on Sep 17, 2014 READ MORE



Weak Laws Offer Debtors Little Protection and Allow Collectors to Seize a Fourth of Their Wages

Critics say the 1968 federal law that allows collectors to take 25 percent of debtors’ wages, or every penny in their bank accounts, is out of date and overly harsh.

Posted on Sep 16, 2014 READ MORE



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Wages of Millions Seized to Pay Past Debts

One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished. That means their pay is being docked—often over an old credit card debt, medical bill or student loan.

Posted on Sep 15, 2014 READ MORE



Harvard Business School’s Role in Widening Inequality

No institution is more responsible for educating the CEOs of American corporations than Harvard Business School.

Posted on Sep 13, 2014 READ MORE



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Shareholders’ Quest for More Transparency

A proposed Securities and Exchange Commission rule would force publicly traded companies to disclose their political spending to their shareholders.

Posted on Sep 12, 2014 READ MORE



Omar Bárcena (CC-BY)

Los Angeles Called ‘Epicenter’ of Cartel Money Laundering

Agents from the FBI and ICE swept through downtown L.A.’s fashion district on Wednesday, grabbing $65 million that allegedly belongs to Mexican drug traffickers.

Posted on Sep 10, 2014 READ MORE



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A Progressive Estate Tax

Unless we reduce skyrocketing wealth and income inequality, unless we end the ability of the super-rich to buy elections, the United States will be well on its way toward becoming an oligarchic form of society where almost all power rests with the billionaire class.

Posted on Sep 9, 2014 READ MORE



Get Ready for the ‘Internet Slowdown’

Next Wednesday, Sept. 10, if your favorite website seems to load slowly, take a closer look: You might be experiencing the Battle for the Net’s “Internet Slowdown,” a global day of grass-roots action.

Posted on Sep 3, 2014 READ MORE


Corporate Inversion Tax Dodge

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Posted on Sep 2, 2014 READ MORE


Fox News Logic

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Posted on Aug 31, 2014 READ MORE


Canada

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Posted on Aug 30, 2014 READ MORE



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Should Companies Have to Pay Taxes?

Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork.

Posted on Aug 29, 2014 READ MORE


Child Cost

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Posted on Aug 24, 2014 READ MORE


Stephen Colbert: If We Put a Woman on the Dollar Bill, It’ll Be Worth Only 77 Cents

“The Colbert Report” is on a summer break, but here’s a great clip you may have missed about women on U.S. currency.

Posted on Aug 20, 2014 READ MORE



L.E.MORMILE / Shutterstock.com

Is Corruption a Constitutional Right?

Last week, the GOP filed a federal lawsuit aimed at overturning the pay-to-play law that bars governors from raising campaign money from Wall Street executives who manage their states’ pension funds.

Posted on Aug 15, 2014 READ MORE



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Ebola’s Message: Foreign Aid and Science Funding in a Time of Global Peril

Most Americans have long believed, in embarrassing ignorance, that the share of the U.S. federal budget spent on foreign aid is an order of magnitude higher than what we actually spend abroad.

Posted on Aug 11, 2014 READ MORE


California Income Chasm

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Posted on Aug 11, 2014 READ MORE



The Rebirth of Stakeholder Capitalism?

We’re all stakeholders in the American economy, and many stakeholders have done miserably.

Posted on Aug 11, 2014 READ MORE



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What ‘War on Whites’?

If there really were a “war on whites,” as a Republican congressman from Alabama ludicrously claims, it wouldn’t be going very well for the anti-white side.

Posted on Aug 8, 2014 READ MORE


Banks

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Posted on Aug 8, 2014 READ MORE



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Abbot Kinney, Pacific Ocean Park, and the California Dreamers

A new book about an old seaside amusement park, gone for a half a century, set me thinking about a favorite subject, the boom-and-bust quality of California, a place of constant invention and reinvention, of dreams shattered or attained.

Posted on Aug 4, 2014 READ MORE



The Disconnect Between Workers’ Pay and Social Worth

Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Posted on Aug 4, 2014 READ MORE



Lobbyists Bidding to Block Government Regs Set Sights on Secretive White House Office

When Washington lobbyists fail to derail regulations proposed by federal agencies, they often find a receptive ear within the Office of Information and Regulatory Affairs, an arm of the White House Office of Management and Budget that conducts much of its business in secret.

Posted on Aug 2, 2014 READ MORE



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The Rising Tide: Will All Boats Be Lifted?

Debate and commentary about the rising tide of income inequality in the United States is remindful of Jesse Jackson’s presidential campaigns in the 1980s when he kept preaching about boats stuck on the bottom.

Posted on Aug 1, 2014 READ MORE


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