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Tag: Wall Street


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



Alan Freed / Shutterstock.com

Clinton vs. Warren: Big Differences, Despite Claims to the Contrary

Hillary Clinton’s political allies want Democratic primary voters to believe that the former secretary of state is just like populist Massachusetts senator Elizabeth Warren, and they’ve been claiming that there are no differences between the two possible presidential contenders. There’s just one problem: That’s not true.

Posted on Aug 1, 2014 READ MORE



Screen shot

Anti-Semites Exploit Israel’s Gaza Incursion

Israeli attacks on a hospital and refugee camp playground in Gaza on Monday brought the total of Palestinian dead to 1,200, with more no doubt to come.

Posted on Jul 29, 2014 READ MORE



White House/Pete Souza

Thomas Frank: ‘An Ineffective and Gutless Presidency’s Legacy Is Failure’

The Salon columnist imagines President Obama’s inevitable library, and how it will cope with the transition of “an unlikely champion” of the masses to “the only thing between [Wall Street] and the pitchforks.”

Posted on Jul 22, 2014 READ MORE



British PM Cameron Enabling Wall Street’s Takeover of National Health Service

The U.K.’s cherished public health service is in danger of being sold off to private corporations via a trade deal that would create a single market between the European Union and the United States and open future British governments to massive lawsuits in international courts should they attempt to reverse the decision.

Posted on Jul 19, 2014 READ MORE



Radu Bercan / Shutterstock.com

Citigroup: The Original Gangsta

The prototypical too-big-to-fail bank will pay $7 billion in fines, a move that will avoid a humiliating trial dealing with its role in the financial meltdown.

Posted on Jul 14, 2014 READ MORE



Investors Smell Money in Urgent Care

Valued at an estimated $14.5 billion, urgent care walk-in clinics represent one of the fastest-growing segments of American health care. And Wall Street has noticed.

Posted on Jul 10, 2014 READ MORE



JStone / Shutterstock.com

Hillary Is Not Finished

In politics, as in many endeavors, it helps to be underestimated. In this sense, Hillary Clinton is doing great.

Posted on Jul 1, 2014 READ MORE



Dirk Loop (CC-BY)

The Vital Incoherent Center

Here’s one political paradox: A substantial majority of Americans do not fit neatly into the conventional “liberal” and “conservative” boxes, yet there is no coherent political center. Those who dream of a middle-of-the-road third party are destined to be disappointed.

Posted on Jun 30, 2014 READ MORE



Hillary’s Hardest Choice (and the Democrats’ Dilemma)

What’s the reason for the tempest in the teapot of Hillary and Bill Clinton’s personal finances?

Posted on Jun 30, 2014 READ MORE



A Year of Living Negatively

The prospect of months of attacks and more attacks reflects the depth of disillusionment with Washington.

Posted on Jun 23, 2014 READ MORE



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How America’s Real Business Leaders Want to Save Capitalism

A few weeks ago I was visited in my office by the chairman of one of the country’s biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Posted on Jun 18, 2014 READ MORE



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The Three Biggest Right-Wing Lies About Poverty

Rather than confront poverty by extending jobless benefits to the long-term unemployed, endorsing a higher minimum wage or supporting jobs programs, conservative Republicans are taking a different tack.

Posted on Jun 16, 2014 READ MORE



stocklight / Shutterstock.com

Al Gore’s Warnings About Inequality and Democracy

The former vice president recently told a tech industry conference when “95 percent of all the additional national income in the U.S., since the recovery began in ’09, goes to the top 1 percent, that’s not an Occupy Wall Street slogan, that’s a fact.”

Posted on Jun 13, 2014 READ MORE



Marcio Jose Bastos Silva / Shutterstock.com

Private Equity Is Becoming a Public Problem

A few weeks ago, a top official at the Securities and Exchange Commission reported on what he called a “remarkable” amount of potentially illegal behavior in the private equity industry—aka the industry that buys up, changes and sells off smaller companies.

Posted on Jun 6, 2014 READ MORE



Chris Hedges Introduces ‘The Occupy Portraits’ (Video)

When photos of violence against Occupy Wall Street protesters began to appear in The New York Times, Los Angeles photographer Annie Appel set out to capture the faces and record the hopes of participants in 12 American cities. The result is a 572-page ready-to-print book, with a foreword from Truthdig columnist Chris Hedges.

Posted on Jun 2, 2014 READ MORE



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Poll: Americans Continue to Worry About the Economy

The stock market has been soaring for the last five years, but Americans overall take a negative view of the economy.

Posted on May 28, 2014 READ MORE


The Top 40 Threats to Free Speech

This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.S. won’t give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for president.

Posted on May 23, 2014 READ MORE


The Top 40 Threats to Free Speech

This week on Truthdig Radio in association with KPFK: What do sex-obsessed nipplephobes and Director of National Intelligence James Clapper have in common? Also: Why the U.S. won’t give American banks the Credit Suisse treatment, and the logic behind Elizabeth Warren for president.

Posted on May 23, 2014 READ MORE



L.E.MORMILE / Shutterstock.com

Imagine Christie’s Budget Crisis on a National Scale

Two key decisions by the New Jersey governor have redistributed wealth from pensioners to hedge fund managers while throwing the state’s finances into chaos.

Posted on May 23, 2014 READ MORE



Are Public Banks Unconstitutional? No. Are Private Banks? Maybe

The movement to break away from Wall Street and form publicly owned banks continues to gain momentum. But enthusiasts are deterred by claims that a state-owned bank would violate constitutional prohibitions against “lending the credit of the state.”

Posted on May 18, 2014 READ MORE



Shutterstock

Is Journalism Losing Its Nerve?

A new survey from Indiana University suggests things are fast changing in the news industry—and not for the better.

Posted on May 15, 2014 READ MORE



Gil C / Shutterstock.com

The Two GOP Establishments

The language commonly used to describe the battle going on inside the Republican Party is wrong and misleading. The fights this spring are not between “the grass roots” and “the establishment,” but between two establishment factions spending vast sums to gain the upper hand.

Posted on May 15, 2014 READ MORE



White House/Pete Souza

Geithner Tacitly Acknowledges Special Relationship With Citigroup

In his new book, former New York Fed chair and Treasury Secretary Timothy Geithner suggests that his relationship with Citigroup executive Robert Rubin did affect his supervision of the bank, which taxpayers ultimately bailed out with $45 billion.

Posted on May 14, 2014 READ MORE



AP/Manuel Balce Ceneta

Impeach Clarence Thomas?

While the Constitution allows even Supreme Court justices to be impeached, it has happened only once in our nation’s history.

Posted on May 12, 2014 READ MORE



Christopher Halloran / Shutterstock.com

Mitt Romney Backs Minimum Wage Increase, Promises Not to Run for President

Last season’s GOP presidential nominee has said for at least the third time that he is definitely not running again in 2016. More interestingly, he is the latest Republican to call for an increase in the minimum wage.

Posted on May 9, 2014 READ MORE



Shutterstock

An L.A. Story That’s All Too Familiar

When a city is forced to spend more on Wall Street fees than on basic public services, it is the sign of trouble.

Posted on May 9, 2014 READ MORE



Why Jerry Brown’s Rainy Day Fund Is a Bad Idea

There is no need to sequester funds urgently needed by Main Street to pay for Wall Street’s malfeasance. Californians can have their cake and eat it too—with a state-owned bank.

Posted on May 8, 2014 READ MORE



Shutterstock

All the Presidents’ Bankers: The Hidden Alliances That Drive American Power

In this excerpt from her best-selling new book, Nomi Prins writes about the period during the administration of Lyndon Johnson when bankers began to move away from the president as they saw their global ambitions hemmed in by the Vietnam War.

Posted on May 6, 2014 READ MORE



AP Photo/Robert F. Bukaty

Rupert Murdoch on His Date With Rand Paul: ‘I’m Very Open Minded’

The media tycoon may have found a racehorse he can ride all the way into the White House, at the Kentucky Derby of all places.

Posted on May 5, 2014 READ MORE



Prosecutors May Finally Go After Criminal Mega-Banks

The biggest banks pose a challenge for prosecutors.

Posted on Apr 30, 2014 READ MORE



mistydawnphoto / Shutterstock.com

Wall Street Republicans Prefer Hillary Clinton to Elizabeth Warren or Rand Paul

For Republican financiers, Hillary Clinton is apparently the next best thing to Jeb Bush and Chris Christie.

Posted on Apr 28, 2014 READ MORE



i4lcocl2 / Shutterstock.com

Wall Street’s Secret Swindle

In the national debate over what to do about public pension shortfalls, here’s something you may not know: The texts of the agreements signed between those pension funds and financial firms are almost always secret.

Posted on Apr 25, 2014 READ MORE



Wall Street Greed: Not Too Big for a California Jury

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?

Posted on Apr 25, 2014 READ MORE



Shutterstock

FCC Chairman Wants to Help Your Cable Company Screw Up the Internet

A proposal by FCC chair Tom Wheeler obtained by The Wall Street Journal would allow companies such as Comcast to finally kill net neutrality.

Posted on Apr 23, 2014 READ MORE



Clinton’s Advisory Team Pressed for Wall Street Deregulation, Documents Show

New documents reveal the back story of how Wall Street deregulation was pushed by the advisers of President Clinton.

Posted on Apr 21, 2014 READ MORE


The Divide

Posted on Apr 18, 2014 READ MORE



The Divide

Matt Taibbi’s new book is more Lincoln Steffens than Hunter Thompson, dropping most of the histrionics to explore why Wall Street bankers are seemingly exempt from criminal prosecution.

Posted on Apr 18, 2014 READ MORE



The Myth of Human Progress and the Collapse of Complex Societies (VIDEO)

In “Moby Dick,” Herman Melville makes our murderous obsessions, our hubris, violent impulses, moral weakness and inevitable self-destruction visible in his chronicle of a whaling voyage. He is our foremost oracle.

Posted on Apr 13, 2014 READ MORE


A Century of Collusion Between Washington and Finance

Former Wall Street executive, financial journalist and Truthdig contributor Nomi Prins tells “Democracy Now!” how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States, a series of events that she documents in her new book, “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power.”

Posted on Apr 8, 2014 READ MORE


Wall Street Rigged

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Posted on Apr 7, 2014 READ MORE



U.S. Justice Department Probes High-Speed Trading

File this under “In Case You Missed It” (or “ICYMI,” for Twitter-savvy types): The U.S. Justice Department has launched a probe of high-speed trading to see whether it involves illegal insider trading, Attorney General Eric Holder said Friday.

Posted on Apr 6, 2014 READ MORE



Truthdigger of the Week: Rep. Alan Grayson (Video)

If the Democratic Party has a future in America, it lies with firebrands of populism like Alan Grayson.

Posted on Mar 22, 2014 READ MORE



White House/Pete Souza

No Hope Politics

Listlessness is bad politics. Defensiveness is poor strategy. And resignation is never inspiring.

Posted on Mar 17, 2014 READ MORE



NYC: Where Bonuses Rise, and The Working Poor Still End Up Homeless

Bonuses on Wall Street jumped 15 percent in 2013, while record numbers of New Yorkers poured into homeless shelters.

Posted on Mar 14, 2014 READ MORE



The Inevitability of Income Inequality

Inequality is endemic to the core structure of an America that operates more as a plutocracy than a democracy. It is an inherent result of the consolidation of a substantial amount of both financial power and political influence in the hands of a few families.

Posted on Mar 11, 2014 READ MORE



Journalist Crashes Wall Street Secret Fraternity Party, Lives to Tell Bizarre Tale

As he recounts in New York magazine, journalist Kevin Roose was able to infiltrate a secret Wall Street fraternity party in January 2012 that was attended by many of the top financial moguls of our time.

Posted on Mar 11, 2014 READ MORE



Do Companies Have a First Amendment Right to Track You?

If you think that is a purely academic question, think again.

Posted on Mar 7, 2014 READ MORE



‘The Dick Joke Is Not Always Your Friend’

The recently deceased Harold Ramis’ beloved anti-authoritarian comedies of the late ’70s and the ’80s (including “Animal House” starring John Belushi, pictured) were pop trojan horses of then-emerging right-wing cultural values, former Harper’s Magazine columnist Thomas Frank writes at Salon.

Posted on Mar 6, 2014 READ MORE



thisisbossi (CC-BY-SA)

Western Europe’s Growing Resistance to Immigration

The immigration problem in Europe seems, to me, real but ill-understood. Switzerland is completely untypical, and comparisons with immigration in the United States are totally misleading.

Posted on Feb 11, 2014 READ MORE


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