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Republicans Use Dirty Tricks to Stay in Power

Rolling Stone has investigated the “unrelenting campaign to exploit every weakness and anachronism in our electoral system” that keeps Republicans influential in American politics, and the numbers are really quite startling.

Posted on Nov 11, 2013 READ MORE



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Twitter Flies High in Stock Debut

Love it or hate it, but Twitter, the social-media stalwart that got everyone thinking in 140 characters or less, was the darling of the NYSE on Thursday after TWTR shares closed 73 percent higher than the preset IPO asking price of $26.

Posted on Nov 7, 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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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



insane photoholic (CC BY 2.0)

Austerity Muzzles Wall Street Regulators

American austerity is finally having one of its deep, pernicious effects in the service of runaway capitalists—preventing government regulators from regulating due to inadequate funds.

Posted on Nov 1, 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



Fortune Live Media (CC BY-ND 2.0)

Is JPMorgan Chase About to Buy Its Way Out of Another Prosecution?

On the heels of an anticipated $13 billion fine to make its responsibility go away in the mortgage meltdown, the storied bank reportedly is in talks for a “deferred prosecution agreement” over its handling of some of Bernie Madoff’s Ponzi money. Short version: Pay a fine, and the bank avoids criminal charges. So in addition to being “too big to fail,” now we have “too big to be guilty.”

Posted on Oct 24, 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



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



Recuerdos de Pandora (CC BY-SA 2.0)

J.P. Morgan—The Man and the Bank

From his earliest days in high finance, J.P. Morgan was a hustler who often traded on the shady side. The bank that survives in his name inherited his pattern of committing multiple crimes and walking away scot-free. The latest? Getting shareholders to pay a banker’s $1 billion fine.

Posted on Oct 18, 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



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Democrats Raise Their Ante

A crazy thing is happening in shuttered, dysfunctional Washington: Democrats are pushing back.

Posted on Oct 15, 2013 READ MORE



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N.Y. Fed Moves to Seal Documents in Ex-Bank Examiner’s Suit

Carmen Segarra filed a lawsuit against the New York Fed and three of its employees alleging she had been wrongfully terminated last year after she determined that Goldman Sachs had insufficient conflict-of-interest policies.

Posted on Oct 14, 2013 READ MORE



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Shutdown: Senate Makes ‘Tremendous Progress,’ House Pouts

Democratic and Republican leaders in the Senate came close to a budget deal Monday.

Posted on Oct 14, 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



White House/Amanda Lucidon

Obama Can’t Waste This Moment

The key in politics is to snatch victory from the jaws of victory. 

Posted on Oct 14, 2013 READ MORE


Corporate Leaders Bemoan Tea Party Default Crisis Created by Their own Donations

The frightened corporate leaders surely know how this happened—because their money funded the tea party candidates and organizations responsible for the crisis.

Posted on Oct 14, 2013 READ MORE



UNLV Photo Services/GERI KODEY (CC-BY-ND)

Emboldened by Shutdown Polls, Democrats Push Spending

Smelling blood in the water, Senate Democrats over the weekend rejected a Republican proposal to reopen the government and raise the debt limit.

Posted on Oct 13, 2013 READ MORE



brianna.george (CC BY-SA 2.0)

A Repo Implosion

Obama is determined to prevail in his battle with GOP leaders over the debt ceiling, but not for the reasons stated in the media.

Posted on Oct 13, 2013 READ MORE



ToonariPost -- A News Mash Up (CC BY-SA 2.0)

Who Profits If the Government Defaults?

Short-selling investors, savvy gold and silver bugs and currency traders—are all people who are closest to and most informed about the U.S. financial system. In other words, likely few people who are reading this page.

Posted on Oct 11, 2013 READ MORE


The Plot Against Pensions

As state legislatures prepare for their upcoming sessions, you will no doubt hear a lot about public pensions.

Posted on Oct 10, 2013 READ MORE



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Regulator Says She Was Fired for Not Covering Up Goldman Sachs’ Conflicts of Interest

Carmen M. Segarra, formerly of the New York Fed, says she was fired after she refused to change her mind about Goldman Sachs, an investment firm that, she found, put its own greed ahead of its clients.

Posted on Oct 10, 2013 READ MORE



AP/Eugene Hoshiko

Obama Will Nominate Janet Yellen as the First Woman to Chair the Fed

President Obama will reportedly nominate Fed Vice Chairwoman Janet Yellen to head the central bank, making her the first woman in the institution’s 99-year history to do so if she is confirmed by the Senate.

Posted on Oct 8, 2013 READ MORE



DVIDSHUB (CC BY 2.0)

Is Homeland Security Preparing for the Next Wall Street Collapse?

An Associated Press article in February confirmed a purchase order by the Department of Homeland Security for 1.6 billion rounds of ammunition. That’s enough to sustain an Iraq-sized war for over twenty years. Someone in government seems to expect some serious civil unrest. Why?

Posted on Oct 7, 2013 READ MORE



AP/J. Scott Applewhite

The Radical Christian Right and the War on Government

The federal shutdown fits seamlessly into the long ideological war to reduce Washington’s role to little more than defense, internal security and the protection of property rights.

Posted on Oct 6, 2013 READ MORE



Democracy Now!

Truthdigger of the Week: Lori Wallach

This critic of globalization is one of the few voices trying to alert the public to a secretive, ongoing effort to create a legal means for corporations to attack and subvert government.

Posted on Oct 5, 2013 READ MORE



Photo by Poster Boy NYC (CC-BY)

The Sparks of Rebellion

The tinder for revolt will not be the same as in past industrialized societies. Guided by the revolutionists who came before us, we will have to create our own forms of resistance out of the wreckage of the corporate state.

Posted on Sep 30, 2013 READ MORE



AP/Evan Vucci

Obama’s Friends in Low Places

If you still require to be disabused of Obama’s pretend populism, consider his close ties to Wall Street’s more rotten executives.

Posted on Sep 24, 2013 READ MORE


Obamacare’s Strange Bedfellows

An unapologetic conservative is fighting the tea party and his own Republican Legislature because he thinks the less privileged people of Ohio deserve health coverage.

Posted on Sep 22, 2013 READ MORE


The Shutdown’s Real Goal

The coming battles over budgets, the debt ceiling, a government shutdown and Obamacare are not elements of a large political game.

Posted on Sep 19, 2013 READ MORE



Poster Boy NYC (CC-BY)

Searching for Sustainable Models of Activism, 2 Years After Occupy

While economists are celebrating a tenuous recovery five years after the collapse of Lehman Brothers, this week’s U.S. Census Bureau report on poverty provided a sobering statistic.

Posted on Sep 19, 2013 READ MORE



AP/J. Scott Applewhite

The People Win as Lawrence Summers Trades Power For Wealth

Poor Lawrence Summers, he doesn’t get to be chairman of the Federal Reserve, aka the czar of the world’s economic order.

Posted on Sep 16, 2013 READ MORE


Lawrence Summers Will Not Chair the Federal Reserve

Over the screaming objections of members of his own party, President Obama seemed determined to appoint Wall Street groupie Lawrence Summers to head the most important bank in the country. On Sunday, Summers “reluctantly” withdrew his name from consideration for the post.

Posted on Sep 15, 2013 READ MORE



AP/Pablo Martinez Monsivais

Obama Remembers He’s Not George W. Bush

It may come to naught—calls for peace so rarely still the drums of war—but there was a moment Monday when the odds for sanity seemed to finally stand a chance of prevailing.

Posted on Sep 9, 2013 READ MORE



AP/Bebeto Matthews

Cornel West and the Fight to Save the Black Prophetic Tradition

Verbal attacks largely by black supporters of President Obama are attempts not only to silence the activist but destroy a historical movement that exposes the president as an ideological heir of the “accommodationist” Booker T. Washington.

Posted on Sep 9, 2013 READ MORE



WarmSleepy (CC BY 2.0)

Not Too Big to Jail: Eliot Spitzer Is Wall Street’s Worst Nightmare

Before his infamous resignation as governor of New York in March 2008, Eliot Spitzer was one of our fiercest champions against Wall Street corruption in a state that had some of the toughest legislation for controlling the banks—and by extension, an advocate for women.

Posted on Aug 19, 2013 READ MORE



Why the Anger?

Why is the nation more bitterly divided today than it’s been in 80 years?

Posted on Aug 13, 2013 READ MORE



AP/Evan Vucci

Don’t Believe Everything You Read

The news media, in reporting the sale of The Washington Post and the implications for The New York Times, ignored a fundamental rule of journalism and life: Bosses lie.

Posted on Aug 13, 2013 READ MORE



DonkeyHotey (CC BY 2.0)

Four Questions for Fed Chair Candidates

In our view, the president’s nominee for Fed chair must be committed to improving the lives of working Americans who are still struggling through the worst economic crisis since the Great Depression. To that end, we have four questions.

Posted on Aug 12, 2013 READ MORE



Ivan McClellan Photography (CC BY 2.0)

The Landscape of Wall Street’s Creative Destruction

It’s May 2012 and we’re in Woodlawn, a largely African American neighborhood on the South Side of Chicago. The goal of the HIT Squad, short for Housing Identification and Target, is to map blighted, bank-owned homes with overdue property taxes and neighbors angry enough about the destruction of their neighborhood to consider supporting a plan to repossess on the repossessors.

Posted on Aug 2, 2013 READ MORE



White House/Pete Souza

When Obama Trashed the Huffington Post, Was He Talking About This Column?

When President Obama told Democratic lawmakers not to believe everything they read in The Huffington Post, he might have been referring to this column by Truthdig Editor-in-Chief Robert Scheer. Or this one.

Posted on Jul 31, 2013 READ MORE



White House/Pete Souza

Gag Me With Lawrence Summers

President Obama thinks his former economic adviser is brilliant, but as Summers’ second trip through the revolving door between Washington and Wall Street reveals, he’s just greedy.

Posted on Jul 29, 2013 READ MORE



Joe Crimmings Photography (CC BY-ND 2.0)

Obama’s Master Class in Demagogy 101

The aim of the president’s Knox College speech on Wednesday was to wrap the economic program he has been working out with Wall Street investment bankers in democratic rhetoric. It was an exercise in political stealth.

Posted on Jul 27, 2013 READ MORE



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Obstruction as the New Normal

The bad news is that approval ratings for both the president and Congress are sinking, with voters increasingly frustrated at the bitter, partisan impasse in Washington. The worse news is that in terms of admiration for our national leaders, these may come to be seen as the good old days.

Posted on Jul 26, 2013 READ MORE


Chris Hedges: ‘Wall Street and Corporations Are Pulling the Strings’

In the latest installment of a series of interviews on The Real News Network’s “Reality Inserts Itself,” the Truthdig columnist says that the Democratic Party once looked out for the interests of labor and the poor. But that changed, he says, when Bill Clinton entered the White House, and it’s getting worse under President Obama.

Posted on Jul 23, 2013 READ MORE



AP/Mark Lennihan

The Return of Lawrence Summers, Mr. Spectacular Failure

The guy who tops the list of those responsible for sabotaging the world’s economy is lobbying to be the next chairman of the Federal Reserve.

Posted on Jul 15, 2013 READ MORE



Photo by Marcin Wichary (CC-BY)

Corporate Citizenship a Dying Concept

The conviction is new that the exclusive purpose of the business corporation is to profit its professional managers and stockholders.

Posted on Jul 15, 2013 READ MORE



AP/Seth Wenig

Why They Hate Eliot Spitzer

Corporations have revved their engines back up for round two of the smear campaign against Eliot Spitzer, the former governor of New York who has announced that he will run for New York City comptroller.

Posted on Jul 15, 2013 READ MORE



AP/Mary Altaffer

Locking Out the Voices of Dissent

With Occupy crushed, the corporate state aims to deny public space to any group that might trigger a new popular uprising. If this repression wins out, the resulting silence may be replaced with the thunder of violent resistance.

Posted on Jul 14, 2013 READ MORE



Senators Introduce New Glass-Steagall, ‘Motorcyle’ Abortion Bill Passes, and More

A look at the day’s political happenings, including a Koch brother campaigns to get rid of the minimum wage and the Texas woman who was silenced by state lawmakers while testifying against a restrictive abortion bill gets “the last word.”

Posted on Jul 11, 2013 READ MORE


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