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May 30, 2015
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Tag: Wall Street


Make No Mistake, Wall Street Loves Hillary

“Clinton’s campaign staff is working overtime … to show how well she relates to ordinary Americans,” writes Elizabeth Schulte at Jacobin. “But the people whose opinions really matter in the presidential election know better.”

Posted on May 25, 2015 READ MORE


Cage-Free Bankers

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Posted on May 21, 2015 READ MORE


Moochers and Takers

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Posted on May 21, 2015 READ MORE



VIDEO: Busting Up Wall Street Is Step 4 in Saving the Economy

When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street, which is back to many of its old tricks. Its lobbyists are now busily rolling back the Dodd-Frank Act—legislation intended to prevent another crash.

Posted on May 19, 2015 READ MORE



The Pathology of the Rich White Family

The rich white family is a menace, and the sickness within it is the most dangerous threat to America.

Posted on May 17, 2015 READ MORE



Christie’s Administration Is Facing Another Investigation

If after last week’s Bridgegate indictments you thought Chris Christie was finally done as the focus of government investigations, think again.

Posted on May 8, 2015 READ MORE



Cities and States Pay Massive Secret Fees to Wall Street

Less than half of the private equity costs incurred by U.S. pension funds are currently being disclosed, a report says.

Posted on Apr 24, 2015 READ MORE



A Deepening Democratic Party Divide

For those pining for a Democratic Party that tries to represent more than the whims of the rich and powerful, these are, to say the least, confusing times.

Posted on Apr 4, 2015 READ MORE



Clintons’ Affair With Wall Street Grows With Son-in-Law’s Hedge Fund Hookup

Marc Mezvinsky, a money manager at the hedge fund firm Eaglevale, married Chelsea Clinton in July 2010 and seems to have reaped benefits from the Clintons’ wide web of financial supporters.

Posted on Mar 24, 2015 READ MORE



Do Workers Truly Get What They’re Worth in the Market?

My recent column about the growth of on-demand jobs like Uber making life less predictable and secure for workers unleashed a small barrage of criticism from some who contend that workers get what they’re worth in the market.

Posted on Feb 10, 2015 READ MORE



Gage Skidmore (CC-BY-SA)

Budget Battle: ‘Envy’ vs. ‘Greed’

Rep. Paul Ryan is not above name-calling, and he insists that President Obama’s budget is the product of “envy economics.”

Posted on Feb 4, 2015 READ MORE



pcruciatti / Shutterstock.com

A Whining Wall Street Banker Pleads for Pity

J.P. Morgan was recently socked in the wallet by financial regulators who levied yet another multibillion-dollar fine against the Wall Street baron for massive illegalities.

Posted on Jan 30, 2015 READ MORE



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Beware Wall Street’s Rent-to-Own Scam

The newest thing in housing looks like a great deal for would-be home buyers, but a closer look reveals a thorny trap.

Posted on Jan 28, 2015 READ MORE



360b / Shutterstock.com

Enough of Germany’s Tyrannical Austerity

Years of trudging through an economic slough of despond, guarded by German warders, have left the states of the European Union’s south near to despair.

Posted on Jan 27, 2015 READ MORE



State of the Union 2015: Lethal, Predatory, Delusional

“In his next-to-last State of the Union address,” writes Glen Ford, Editor of the Black Agenda Report, “President Obama flashed the suckers a bag of tricks that has no chance of passing the Republican-controlled Congress, but will allow his apologists to claim that the genuine, more progressive Obama is revealing himself in his final two years in office.”

Posted on Jan 22, 2015 READ MORE



The 2015 Federal Budget Ended Pension Protections for Millions of Retirees (Videos)

A rule sneaked into the new federal budget endangers retiring Americans by eliminating the government’s legal obligation to insure pensions in the event the funds cannot pay retirees.

Posted on Jan 5, 2015 READ MORE



AP/Carolyn Kaster

The Devil You Know

It’s not often that name recognition is a bad thing. But from a marketing standpoint, Hillary Clinton is stuck in a rut.

Posted on Dec 30, 2014 READ MORE



Tony Fischer (CC-BY)

How a Hedge Fund Made $100 Million From New Jersey’s Desperation

When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.

Posted on Dec 30, 2014 READ MORE



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Fight for Our Progressive Vision

Poll after poll shows that the American people support a progressive agenda that is not shared by the corporate media personalities who dominate the airwaves.

Posted on Dec 30, 2014 READ MORE



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Economic Facts Get in the Way of Presidential Ambitions

Uh-oh. Now that the economy is doing well, what are Republicans—especially those running for president—going to complain about?

Posted on Dec 29, 2014 READ MORE



Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th.

Posted on Dec 26, 2014 READ MORE


Secret Santa

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Posted on Dec 25, 2014 READ MORE



President Obama and Congress Just Gave Your Savings Account to JPMorgan

With the passage of the 2015 federal budget bill, JPMorgan CEO Jamie Dimon got lawmakers to repeal a key part of the 2010 Dodd-Frank financial reform law and allow banks to use the savings accounts of ordinary Americans to gamble in the stock market on behalf of hedge funds, corporations and the rich.

Posted on Dec 14, 2014 READ MORE



Truthdig’s Books of the Year: Part One

Whether on climate change, soaring wealth inequality, or the surveillance state, this has been a year of calls to action.

Posted on Dec 12, 2014 READ MORE



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A Multi-Billion Dollar Secret

If you are a public school teacher in Kentucky, the state has a message for you: You have no right to know the details of the investments being made with your retirement savings.

Posted on Dec 5, 2014 READ MORE



Illustration by Donkey Hotey (CC-BY)

An Economic Agenda for America: 12 Steps Forward

The American people must make a fundamental decision. Do we continue the 40-year decline of our middle class and the growing gap between the very rich and everyone else, or do we fight for a progressive economic agenda that creates jobs, raises wages, protects the environment and provides health care for all?

Posted on Dec 2, 2014 READ MORE



Wall Street’s Takeover of American Pensions: ‘A Policy Justified Entirely on Ignorance’

A key part of Wall Street’s $300 million expenditure on the recent midterm elections is the goal of moving as much of working Americans’ $3 trillion that sits in unguarded government pension funds into “privately managed, high-fee investments” as possible.

Posted on Nov 24, 2014 READ MORE



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Wall Street Takes Over More Statehouses

No runoff will be needed to declare one unambiguous winner in this month’s gubernatorial elections: the financial services industry.

Posted on Nov 14, 2014 READ MORE



Alan Freed / Shutterstock.com

Hillary Clinton Dabbles in Populism, but Wall Street Isn’t Fooled

Perhaps anticipating a primary challenge from the left (haven’t we been here before?), stealth presidential candidate Hillary Clinton has been trying to appeal to the anti-bank base of the Democratic Party.

Posted on Nov 12, 2014 READ MORE



The Myth of the Free Press

The mass media set the parameters of acceptable debate. Cross those parameters, as the investigative journalist Gary Webb did, and you are turned into a pariah.

Posted on Oct 26, 2014 READ MORE



Tim Pierce (CC-BY)

Elizabeth Warren Is the Star of This Show

Sen. Elizabeth Warren says she isn’t running for president. At this rate, however, she may have to.

Posted on Oct 20, 2014 READ MORE



White House/Pete Souza

Where’s the Gratitude?

President Obama is clearly frustrated that having inherited an economy that was at death’s door, he is getting remarkably little credit for getting it back on its feet.

Posted on Oct 6, 2014 READ MORE



Ryan Johnson (CC-BY-SA)

Eric Holder and RFK’s Legacy

When he announced his leave-taking last week, Attorney General Eric Holder spoke of Robert F. Kennedy as his inspiration for believing that the Justice Department “can and must always be a force for that which is right.”

Posted on Sep 29, 2014 READ MORE



Shutterstock

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



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



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



JStone / Shutterstock.com

Why Does Hillary Clinton Want to Run For President?

Judging by her weekend appearance in Iowa, it looks as if Hillary Clinton is indeed running for president. Now she has to answer one simple question: Why?

Posted on Sep 15, 2014 READ MORE



Study: American Democracy ‘Seriously Threatened’

A pair of researchers have a handy tip for those Americans still attached to the notion that we live in a representative democracy: Get ready to kiss that notion goodbye.

Posted on Aug 27, 2014 READ MORE



Shutterstock

Journalists on the Government’s Blacklist

As states move to hide details of government deals with Wall Street, and as politicians come up with new arguments to defend secrecy, a study released earlier this month revealed that many government information officers block specific journalists they don’t like from accessing information.

Posted on Aug 22, 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



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


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