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Tag: Money

Payday Lenders

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Payday lenders are snakes that tempt and consume their victims.
Posted on Dec 20, 2013 READ MORE


Income Inequality

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Posted on Dec 20, 2013 READ MORE



AP/Themba Hadebe

Collapse of the Eighth Continent: Shangri-La Meets Global Capitalism

Madagascar’s graceful society and unique natural wonders developed over thousands of years; it has taken less than a decade to put it all on life support.

Posted on Dec 19, 2013 READ MORE


The GOP’s Fight Has Just Begun

The Republican civil war, like all civil wars, is even messier than it looks.

Posted on Dec 19, 2013 READ MORE



Shutterstock

When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

High-cost lenders—the makers of payday, auto-title and installment loans—exploit laws tipped in their favor to sue tens of thousands of Americans every year. The shocking result? A $1,000 loan grows to $40,000.

Posted on Dec 13, 2013 READ MORE



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The Republican Mainstream Strikes Back

The unusual display of reasonable behavior by House Republicans this week should be seen as a retreat—a change in tactics—but not a surrender. Democrats had better note the distinction.

Posted on Dec 13, 2013 READ MORE



Russ (CC-BY)

Three Questions About the Motor City

Though these questions have mostly been ignored, continuing to ask them can at least highlight the fact that something nefarious is happening right now in the Motor City.

Posted on Dec 13, 2013 READ MORE


GOP Christmas

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GOP to the poor: That lump of coal represents the fuel that drives the engines of commerce. Use it wisely and you may rise to become a titan of industry. You'll thank me later.
Posted on Dec 12, 2013 READ MORE



HarshLight

The Great American Class War

Toward the end of his tenure, when he was writing an increasing number of dissents on the Rehnquist Court, Supreme Court Justice William Brennan was asked if he was getting discouraged. He smiled and said, “Look, pal, we’ve always known—the Framers knew—that liberty is a fragile thing. You can’t give up.” And he didn’t.

Posted on Dec 12, 2013 READ MORE



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Raise the Minimum Wage

Now that President Obama has outlined the crisis in economic mobility, he should begin by pressing his demand that Congress raise the minimum wage—and not by a little, but a lot.

Posted on Dec 6, 2013 READ MORE


Wall Street Santa

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Posted on Dec 3, 2013 READ MORE



AP/Max Rossi, Pool

Welcome Back, Jesus

The pope’s appraisal of modern capitalism is the obvious truth, whether divinely inspired or not.

Posted on Dec 3, 2013 READ MORE



401(K) 2013 (CC BY-SA 2.0)

Let’s Face It, Believing Rich People Create Sustainable Jobs Is Delusional

Henry Blodget, CEO of news website Business Insider, clears up the widespread myth that entrepreneurs such as himself are responsible for creating jobs for the rest of America. The often-told lie is simply a way to justify the immense inequality symptomatic of our dire economic climate.

Posted on Nov 30, 2013 READ MORE



Philip Chidell / Shutterstock.com

A Pope’s Pointed Message

The full implementation of Obamacare matters. Raising the minimum wage matters. Reforming a financial system “which rules rather than serves,” Pope Francis noted, matters.

Posted on Nov 29, 2013 READ MORE


Bitcoin Not Accepted

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Posted on Nov 29, 2013 READ MORE



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The Empire Strikes Back

A whole new get-rich-quick scheme is brewing beneath the fanfare of the nation’s hyped housing recovery.

Posted on Nov 26, 2013 READ MORE



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Why Iran Deal Is Good for the Economy

As Reuters reports, the wizards of finance expect the landmark nuclear deal between the U.S. and Iran to boost global growth and make us all feel a little bit richer. Here’s why.

Posted on Nov 25, 2013 READ MORE



U.S. Navy/MC3 Paul Kelly

Sequestration: Getting Our Priorities Straight

Lobbyists for military contractors are swarming all over Capitol Hill these days in a frenzy to stave off automatic budget cuts as part of the second wave of sequestration, due in January.

Posted on Nov 20, 2013 READ MORE


Robert Reich on America’s Income Inequality

The Dow Jones is hitting record highs, giving the top 5 percent of the U.S. (who hold more than 80 percent of stocks) another huge boost. And although Stephen Colbert doesn’t think the wealth divide is a big deal, former Truthdigger of the Week Robert Reich begs to differ.

Posted on Nov 20, 2013 READ MORE



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U.S. Pushing New Treaties at Expense of National Sovereignty

Being negotiated right now are American-sponsored corporate efforts to alter trans-Atlantic and trans-Pacific international trade relations through new agreements that undermine or effectively nullify many countries’ existing national legislation on health, environment, pricing, food safety and other issues.

Posted on Nov 19, 2013 READ MORE



OUR Walmart

Wal-Mart Asks Employees to Feed One Another

Known for its poor treatment of workers and low wages, the retail giant is under fire in Canton, Ohio, where its store apparently set up a food drive for needy employees.

Posted on Nov 18, 2013 READ MORE


NSA Megalomania Accomplishes Little Beyond Alienating Allies

Do you wish your taxes spent on gathering the numbers and addressees of every phone call made and every email sent in the United States (or Europe) during the next decade? This is madness.

Posted on Nov 13, 2013 READ MORE



AP/Nick Ut

Can L.A.’s New Mayor Succeed Where Other Charming Liberals Failed?

The difficult task of ending income and social inequality in Los Angeles is now in the hands of a liberal new mayor, Eric Garcetti, a compromiser rather than a crusader.

Posted on Nov 12, 2013 READ MORE


Our Good Old Todays

Years from now, when someday the nation is mired in another recession or bogged down in another ill-conceived war, these may be remembered as the good old days.

Posted on Nov 11, 2013 READ MORE



landmarkmedia / Shutterstock.com

David Cameron’s Surprise: Permanent Austerity

Back in 2010, the British PM began slashing the country’s budget on the promise that temporary cuts were necessary to reduce the deficit and right the economy. Another recession soon followed.

Posted on Nov 11, 2013 READ MORE



Shutterstock

The Connection Between Poverty and Education

Google the phrase “education crisis” and you’ll be hit with a glut of articles, blog posts and think tank reports claiming the entire American school system is facing an emergency.

Posted on Nov 8, 2013 READ MORE



Election 2013: A Grass-Roots Resurgence

The political chattering class is abuzz with Chris Christie as the GOP’s great hope to retake the White House in 2016. But they miss a vital and growing undercurrent in U.S. politics: grass-roots movements at the local and state level that are challenging the establishment, and winning.

Posted on Nov 6, 2013 READ MORE



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Obamacare’s 787 Moment

The problems of the Affordable Care Act’s health care exchanges will not be solved by a new round of outsourcing. Just ask Boeing.

Posted on Nov 6, 2013 READ MORE



s_bukley / Shutterstock.com

Clinton Money Man Wins Virginia’s Gubernatorial Election

Terry McAuliffe, who ran the Democratic Party and raised an absolute fortune for both Bill and Hillary Clinton’s political campaigns, is the next governor of Virginia.

Posted on Nov 5, 2013 READ MORE



Shutterstock

Discredited Economic Theory Holds Europe in Deflationary Thrall

Why there is such iron fidelity to neoliberal austerity in the contemporary community of official, semiofficial and even academic economists? It can’t be that it works. It doesn’t work.

Posted on Nov 5, 2013 READ MORE


The Speaker Speaks

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Posted on Nov 5, 2013 READ MORE


Interest

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Posted on Nov 3, 2013 READ MORE


What the President Knew and When He Knew It

The president knew. Presidents always know, but are supposed to be protected from what they saw, heard and did when the best-laid plans hit the fan.

Posted on Nov 1, 2013 READ MORE



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Senate GOP Leader Rejects His Own Idea to Avoid Debt Limit Showdowns

Senate Minority Leader Mitch McConnell, R-Ky., announced Tuesday that he now opposes his own plan to avoid the kind of debt ceiling fiasco that nearly led the nation to default this month.

Posted on Oct 29, 2013 READ MORE


For a Budget That Is Both Morally and Economically Sound

When we talk about the national budget, it is vitally important that we remember how we got into this fiscal crisis in the first place and who was responsible for it.

Posted on Oct 28, 2013 READ MORE



Shutterstock

Our Invisible Revolution

The old ideas that justified global capitalism and the oligarchic elites are being discredited. At some point the battle occurring below the surface will explode.

Posted on Oct 28, 2013 READ MORE


Will Work for Money

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Posted on Oct 27, 2013 READ MORE


The Tax Migration Myth

It is not news that New York’s political and media elites worship the extremely rich.

Posted on Oct 24, 2013 READ MORE



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Don’t Give Up on the Uninsured

Obamacare is working—in states that have followed the essential design of the Affordable Care Act.

Posted on Oct 23, 2013 READ MORE



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How the Wealthy Wage War on Democracy Itself

The Supreme Court considers brushing aside the final vestige of campaign finance laws.

Posted on Oct 23, 2013 READ MORE


Corruption

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Posted on Oct 22, 2013 READ MORE



AP/Gilles Martin-Raget

What Fine? Why JPMorgan Is Laughing All the Way to the Bank

The biggest U.S. bank will pay a record $13 billion fine with a criminal investigation pending, but the stock price is riding high.

Posted on Oct 21, 2013 READ MORE


Janet Yellen

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Posted on Oct 21, 2013 READ MORE



AP/Manuel Balce Ceneta

Let’s Get This Class War Started

If we had paid attention to history we might understand the imperative of battling the rich.

Posted on Oct 20, 2013 READ MORE



Oil, Azerbaijan and the Strange Case of Rick Bourke

Oil is the source of so much pain in the world. Around the globe, wherever oil is extracted, people suffer a constellation of injuries, from coups and dictatorship to pollution, displacement and death.

Posted on Oct 16, 2013 READ MORE



AP/Evan Vucci

The Supreme Court Could Get Even Worse This Term

If the oral arguments conducted the first two weeks of the court’s current term are any indication, the Supreme Court will drift further to the right.

Posted on Oct 15, 2013 READ MORE



Shutterstock

House GOP, News Media Fail to Inform American Public on Budget Deficit

There are two national deficits, and both are in good if not excellent condition. Every day that the House has debated the public debt limit, President Barack Obama has cited this fact. No opponent pays any attention.

Posted on Oct 15, 2013 READ MORE


Documents to Remain Open in Examiner’s Lawsuit Against Fed

A federal judge rejected the Federal Reserve Bank of New York’s plea to seal documents in a wrongful termination lawsuit filed by a former bank examiner who claims she was fired for doing her job.

Posted on Oct 15, 2013 READ MORE



U.S. Air Force/Yasuo Osakabe

The Folly of Empire

In dying empires like our own, the people glorify idiotic leaders and blissfully ignore the looming collapse.

Posted on Oct 14, 2013 READ MORE


Health Care: Deja Vu All Over Again

Just as the Republicans in Congress are desperate to destroy the Affordable Care Act, their predecessors tried to kill Medicare in the 1960s and Social Security in the 1930s.

Posted on Oct 14, 2013 READ MORE


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