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Tag: Wall Street


AP/Michael S. Green

Crony Capitalism’s Power Couple

Where are Phil and Wendy Gramm hiding now that UBS, like Enron before it, has been nailed by the G-men?

Posted on Dec 21, 2012 READ MORE



George Rex (CC BY-SA 2.0)

New York Stock Exchange Operator to Be Sold for Billions

The owner of the “icon of American capitalism” is being sold to an Atlanta-based derivatives company for $8.2 billion as Wall Street’s trademark practice of high-energy verbal trading gives way to the digital kind.

Posted on Dec 20, 2012 READ MORE



Image from "Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures"

Understanding Economics in Plain English

Fedspeak, vague and convoluted answers to economic questions, was popularized by Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006. It allowed him to essentially say “no comment” without admitting that he was avoiding questions.

Posted on Dec 14, 2012 READ MORE



AP/Michael Probst

Reports of Publishing’s Death Are Exaggerated

Some people think the book business in on its last legs. But others think it isn’t a business at all.

Posted on Dec 7, 2012 READ MORE



AP/Mark Lennihan

A Sign That Obama Will Repeat Economic Mistakes

Reports in the business press tout a prime participant in the great banking hustle as a possible candidate to be the next Treasury secretary.

Posted on Dec 7, 2012 READ MORE



Having ‘Skin in the Game’

Nassim Nicholas Taleb’s new tour de force book “Antifragile: Things That Gain From Disorder” is a frame-of-reference altering work that a Wall Street Journal reviewer confessed he would have to read “again and again”

Posted on Dec 6, 2012 READ MORE



Associated Press

Rupert Murdoch Seeks to Add to His Empire

The recent Leveson Report on the British hacking scandal shows the danger of the media baron adding to his already vast American holdings.

Posted on Dec 5, 2012 READ MORE



Another Victory for Warren, a Hollywood Senate Run, and More

A look at the day’s political happenings, including President Obama’s response to the GOP’s latest “fiscal cliff” offer, Sarah Palin’s apology on Fox News and a “Simpsons” character explains the fiscal cliff.

Posted on Dec 4, 2012 READ MORE


Wall Street Compensation

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Posted on Dec 3, 2012 READ MORE



White House / Pete Souza

Will Timothy Geithner Lead Us Over or Around the Fiscal Cliff?

If “pragmatic deal maker,” as The Wall Street Journal describes Geithner, means someone who believes any deal with Republicans is better than no deal, and deficit reduction is more important than job creation, we could be in for a difficult December.

Posted on Nov 27, 2012 READ MORE



401(K) 2012 (CC-BY-SA)

Cracks in the Anti-Tax Wall

We’re seeing the first signs in years that on the question of taxation—one of the fundamental responsibilities of government—the GOP may be starting to recover its senses.

Posted on Nov 26, 2012 READ MORE



Flickr/Fortune Live Media

CEO’s Demand Austerity to Fix Budget, Not End to Corporate Welfare

A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.

Posted on Nov 26, 2012 READ MORE



Warren’s Wall Street Fight, Obama’s Thanksgiving ‘Pardon,’ and More

A look at the day’s political happenings, including a Democratic congressman’s resignation and why Joe Scarborough is apologizing to Nate Silver.

Posted on Nov 21, 2012 READ MORE



david_shankbone (CC BY 2.0)

Michael Moore Makes Requests of the President

There seems to be little reason to believe that Barack Obama listens to any of the advice his left-wing critics offer him, but Michael Moore’s suggested list of priorities for the president’s second term might be useful in measuring Obama’s performance in the months and years to come.

Posted on Nov 20, 2012 READ MORE



AP/Sandy Huffaker

The Land of Milk and Honey Once More

The big news from the last election is that California, home to 12 percent of Americans and the world’s eighth-largest economy, is a model of rational political thought.

Posted on Nov 16, 2012 READ MORE



The Growing Global Movement Against Austerity

Amaia Engana didn’t wait to be evicted from her home. On Nov. 9, in the town of Barakaldo, a suburb of Bilbao in Spain’s Basque Country, officials from the local judiciary were on their way to serve her eviction papers. Amaia stood on a chair and threw herself out of her fifth-floor apartment window, dying instantly on impact on the sidewalk below.

Posted on Nov 15, 2012 READ MORE



AP/Matt Rourke

Yes We Can, We Did, and Now Obama’s Second Term Is Our Responsibility

Election night was a heck of a party, but morning in America already feels too much like a hangover.

Posted on Nov 9, 2012 READ MORE


Inner Peace

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Posted on Nov 8, 2012 READ MORE    


Time to Get Crazy

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Posted on Nov 8, 2012 READ MORE    


The Three Biggest Democratic Takeaways From Election 2012

It’s not too early to draw some lessons. Regardless of what happens Tuesday, Democrats should have three big takeaways from the 2012 election.

Posted on Nov 5, 2012 READ MORE



AP/Jack Dempsey

Vote for the B-

I have been a harsh critic of the president, but a vote for Barack Obama in a swing state is a no-brainer.

Posted on Nov 5, 2012 READ MORE



Illustration by Mr. Fish

The S&M Election

I learned at the age of 10, when I was shipped off to a New England boarding school where the hazing of younger boys was the principal form of recreation, that those who hunger for power are psychopathic bastards.

Posted on Nov 5, 2012 READ MORE



AP/Evan Vucci

Three Reasons Progressives Should Care About the Courts (and Vote for Obama)

The idealistic left might be willing to gamble away the judiciary, but the right never will.

Posted on Oct 31, 2012 READ MORE



Illustration by Mr. Fish

Why I’m Voting Green

The November election is not a battle between Republicans and Democrats. It is not a battle between Barack Obama and Mitt Romney. It is a battle between the corporate state and us.

Posted on Oct 29, 2012 READ MORE


The Not-So-Hidden Obama Agenda

Everywhere you turn, President Obama is accused of not offering a clear second-term agenda. It’s not surprising that Republicans say it, but you also hear it from quarters sympathetic to the president. But how true is the charge?

Posted on Oct 21, 2012 READ MORE



AP/J. Scott Applewhite

Meet Romney’s Economic Hit Man

Mark the name of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president.

Posted on Oct 18, 2012 READ MORE


How Obama Can Smoke Out Mitt

President Obama should propose that the nation’s biggest banks be broken up and their size capped, and that the Glass-Steagall Act be resurrected.

Posted on Oct 18, 2012 READ MORE



AP/Susan Walsh

Daniel Ellsberg Urges People in Swing States to Vote for Obama

The famed whistle-blower has been a sharp critic of the president, but he says a Romney/Ryan administration would be “catastrophically worse.”

Posted on Oct 18, 2012 READ MORE



Photo by Devin Smith (CC-BY)

If You Don’t Vote, You’re a Loser

There is no single issue more frustrating to the cause of progress than the relative struggle the left has organizing voters and getting them to the polls.

Posted on Oct 16, 2012 READ MORE



AP/Carolyn Kaster

The Enemy of My Enemy Is My President

Barack Obama must have done something right, or the hucksters at Goldman Sachs wouldn’t hate him so.

Posted on Oct 11, 2012 READ MORE



YouTube/BarackObamadotcom

How Many Wall Street Execs Has Obama Sent to Jail? (Video)

Hint: If you read between the lines of the Obama team’s latest hit on Mitt Romney, you’ll find it’s less than one, and greater than any negative number.

Posted on Oct 11, 2012 READ MORE



Photo by Paul Weiskel (rights reserved)

One Year Later: Lessons Learned From Occupy Wall Street

Occupiers say the movement is about building connections, creating alternative media sources and learning to cope without government.

Posted on Oct 10, 2012 READ MORE


Pig Bank

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Posted on Oct 7, 2012 READ MORE



AP/Charlie Neibergall

Sigh No More: Obama, Romney Leave No Room to Argue

The presidential debate this week was much ado about nothing, and Mitt Romney beat Barack Obama because he was more energetic in distorting the significance of their miniscule differences.

Posted on Oct 5, 2012 READ MORE


Romney’s Personality Shift

The strangest aspect of Wednesday night’s debate was Mitt Romney’s decision to change his tax policies on the fly.

Posted on Oct 4, 2012 READ MORE


Amputating the Wrong Limb, and Other Reasons Hospitals Need Accountability

This week on Truthdig Radio in association with KPFK: Dr. Martin Makary blows the whistle on hospital horror stories, Paul Ryan’s “secret” tape, women hand it to Obama and Nato Green says the left will never be happy.

Posted on Sep 30, 2012 READ MORE



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

Amputating the Wrong Limb, and Other Reasons Hospitals Need Accountability

This week on Truthdig Radio in association with KPFK: Dr. Martin Makary blows the whistle on hospital horror stories, Paul Ryan’s “secret” tape, women hand it to Obama and Nato Green says the left will never be happy.

Posted on Sep 30, 2012 READ MORE


The Choice Between Automatons and Leaders

Ask corporate executives what they really want in a legislator, and they probably won’t use words like “principled” or “well-informed.”

Posted on Sep 27, 2012 READ MORE



Illustration by Mr. Fish

How Do You Take Your Poison?

We can take it from nurse Romney or we can take it from nurse Obama, but one way or another the corporate hemlock will be shoved down our throats.

Posted on Sep 24, 2012 READ MORE



AP/John Raoux

We Vote, They Rule: The Case for Voter Rebellion

Democratic and Republican politicians keep each other in business.

Posted on Sep 16, 2012 READ MORE


Gotcha

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Posted on Sep 13, 2012 READ MORE



White House/Pete Souza

Mayor Rahm-Ney’s Attack on the Chicago Teachers Union

Unions are under attack in the United States—not only from people like Gov. Scott Walker of Wisconsin, but now, with the teachers strike in Chicago, from the very core of President Barack Obama’s inner circle, his former chief of staff and current mayor of that city, Rahm Emanuel.

Posted on Sep 12, 2012 READ MORE



david_shankbone (CC BY 2.0)

Sept. 17: Occupy Wall Street’s Birthday Celebration

The first anniversary of Occupy Wall Street promises to be a day of celebration, general protest and direct action one year after the cry for representation for the 99 percent first rang out in the streets of New York City’s financial district.

Posted on Sep 11, 2012 READ MORE


Finders Weepers: Early Bain Disputes Cast New Light on Its Business

Most accounts of Bain Capital characterize the firm as full of hardworking young men who sought to find troubled companies, invest in them and turn them around. But as some disputes illuminate, the reality of Bain’s business in the early years is more complicated.

Posted on Sep 10, 2012 READ MORE



AP/Charles Dharapak

The Great Deregulator

Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.

Posted on Sep 10, 2012 READ MORE



Photo by TaxFix.co.uk (CC-BY)

The Root of Europe’s Problem

Most of the damage to the European economy was done by innocent submission of credulous policymakers to the conventional wisdom of the international marketplace.

Posted on Sep 4, 2012 READ MORE



(CC-BY-SA)

N.Y. Probes Bain Capital’s Tax Strategy

Questions about Republican presidential nominee Mitt Romney’s record at Bain Capital are not likely to go away any time soon, especially now that it’s been revealed that Bain is among a number of major private equity firms under investigation by the New York state attorney general’s office for tax-related reasons.

Posted on Sep 3, 2012 READ MORE



Photo by Gage Skidmore (CC-BY-SA)

How Romney Keeps Lying Through His Big White Teeth

The Republican Party has developed three means of bypassing the mainstream media and its fact-checkers.

Posted on Aug 28, 2012 READ MORE



Ronald Reagan Presidential Library, National Archives and Records Administration

Stockman Redux

As he became president in 1981, Ronald Reagan called in a 34-year-old congressman from Michigan named David Stockman, considered by many to be the most articulate and intellectually imposing Republican of the moment.

Posted on Aug 26, 2012 READ MORE


Who Is Paul Ryan?

Wisconsin congressman Paul Ryan admires Ayn Rand, and if you believe Republican Party mythology, Ryan is a messianic John Galt who will save America from a secret socialist conspiracy.

Posted on Aug 17, 2012 READ MORE


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