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Tag: S&p


Lawmakers Seek to Legalize Pot, Trump Sues Maher, and More

A look at the day’s political happenings, including the government’s pending legal action against S&P and Joe Scarborough becomes the latest conservative to smack down the NRA.

Posted on Feb 4, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Chris Hedges on His Lawsuit Against the President

This week on Truthdig Radio in association with KPFK: The great Internet switch-off; the ACLU vs. jailhouse abuse; S&P’s downgrade mania; Robert Scheer on the election, and Chris Hedges discusses his lawsuit against the president.

Posted on Jan 20, 2012 READ MORE


Chris Hedges on His Lawsuit Against the President

This week on Truthdig Radio in association with KPFK: The great Internet switch-off; the ACLU vs. jailhouse abuse; S&P’s downgrade mania; Robert Scheer on the election, and Chris Hedges discusses his lawsuit against the president.

Posted on Jan 20, 2012 READ MORE



AP / Margarethe Wichert / dapd

S&P Downgrades and Banks: Threats to Global Stability

The markets weren’t shocked by last week’s wave of pre-broadcast S&P sovereign debt downgrades. For months, the question wasn’t “if” but “when.” And true to form, just as with the U.S. downgrade, S&P’s reasoning skated the surface of prevailing wisdom.

Posted on Jan 19, 2012 READ MORE



Flickr / SimplySchmoopie (CC-BY-SA)

Europe’s Plight Chills Year-End Market Predictions

Traditionally, the holiday season brings good tidings for the stock market, too. There’s even something called “the Santa rally,” we learned from this Wall Street Journal article. Neat! But this year, with trouble on the European front and the ongoing recession (yes, that reads “recession”) at home, there may be less to look forward to, or so market forecasters fear.

Posted on Nov 25, 2011 READ MORE



Richard Newton (CC-BY)

S&P Accidentally Downgrades France

The same ratings firm that held the United States hostage to its debt demands and gave the thumbs up to toxic mortgage assets is again in the news for bungling things. Standard & Poor’s accidentally announced a downgrade Thursday of France’s AAA credit rating.

Posted on Nov 10, 2011 READ MORE


Franken Calls for Oversight of Ratings Agencies

Sen. Al Franken, D-Minn., is disturbed by the monopolistic power of the ratings agencies—and still determined to curb their abuses, as he tried to do last year with an amendment to the Dodd-Frank banking reform bill.

Posted on Aug 12, 2011 READ MORE


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Posted on Aug 9, 2011 READ MORE    



Julien GONG Min (CC-BY)

A Downgrade’s GOP Fingerprints

There is one good reason to downgrade the United States’ credit rating, but S&P, whose credibility was already spent after the housing meltdown, gave a host of largely bogus explanations for its actions.

Posted on Aug 8, 2011 READ MORE



White House / Pete Souza

U.S. Slapped With ‘Negative’ Credit Outlook

Standard & Poor’s, one of those ratings agencies that made a living signing off on toxic assets, has once again thrust itself into the spotlight by downgrading Uncle Sam’s credit outlook from “stable” to “negative.” As a consolation prize, S&P let us keep our AAA rating.

Posted on Apr 18, 2011 READ MORE


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