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Shade It Black: Death and After in Iraq

Shade It Black: Death and After in Iraq

By Jessica Goodell, John Hearn

Palimpsest: A Memoir

Palimpsest: A Memoir

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Tag: Wall Street


AP/Rich Pedroncelli

Sanders, Sherman Introduce Legislation to Break Up ‘Too Big to Fail’ Banks

Wall Street sees no need for more regulations of course, but unfortunately for Main Street Americans still reeling from the last financial crisis, President Obama may turn out to be the banking industry’s biggest ally.

Posted on Apr 10, 2013 READ MORE



AP/Louis Lanzano

Truthdigger of the Week: David Stockman

Former Reagan-era budget director David Stockman is under attack by pundits everywhere for confirming that money for Wall Street and nothing for Main Street stands as an upper-class attack on the American public.

Posted on Apr 6, 2013 READ MORE



© Ahmed Amir (CC BY 2.0)

Exposed: A Global Offshore Money Matrix of Up to $32 Trillion

A cache of 2.5 million secret files offers the chance to peek behind the curtain of the world’s offshore money market, detailing the involvement of more than 120,000 companies and trusts doing business with politicians, con men and scores of the mega-rich.

Posted on Apr 4, 2013 READ MORE



AP

It Wasn’t David Stockman Who Wrecked the Economy

For all of the strident attacks on Stockman’s column, I have yet to read a serious critique of his most brazen claim.

Posted on Apr 2, 2013 READ MORE


George W. Bush
AP/Ron Edmonds

Bush’s Economic Policies Bankrupted U.S., Reagan Budget Director Says

David Stockman, who served as Ronald Reagan’s budget director from 1981 to 1985, leveled some harsh criticism at his former boss as well as at President George W. Bush in an op-ed he penned about the dire state of the economy for The New York Times titled “Sundown in America.”

Posted on Mar 31, 2013 READ MORE



Campaign rally image via Shutterstock

Why Politicians Listen to Public Opinion on Gay Marriage and Guns but Not the Economy

Recent polls show Americans would rather reduce the deficit by raising taxes than by cutting Medicare, Medicaid, Social Security, education and transportation. Yet Congress seems incapable of making that kind of deal. Some 65 percent of Americans want to raise taxes on large corporations, but both parties are heading in precisely the opposite direction.

Posted on Mar 31, 2013 READ MORE



Max F. Williams (CC BY 2.0)

Why Is Socialism Doing So Well in Deep-Red North Dakota?

North Dakota’s thriving state bank makes a mockery of Wall Street’s casino banking system—and that’s why financial elites want to crush it.

Posted on Mar 30, 2013 READ MORE


Time to Break Up the Big Banks, Sen. Sanders Says

Expressing concerns that “too big too fail” banks have also become “too big to jail,” Sen. Bernie Sanders, I-Vt., said Wednesday that he will introduce legislation to break up the nation’s biggest financial institutions.

Posted on Mar 28, 2013 READ MORE



Flickr/Erix!

The Morality Brigade

We’re still legislating and regulating private morality, while ignoring the much larger crisis of public morality in America.

Posted on Mar 25, 2013 READ MORE



AP/Alex Brandon

Fed Chairman Bernanke: ‘I Agree With Elizabeth Warren 100 Percent’ on Big Banks

If Bernanke’s stance is any indication, Sen. Warren, who was just sworn in this January, is already having a positive impact on Washington.

Posted on Mar 21, 2013 READ MORE


Wake Up

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Posted on Mar 20, 2013 READ MORE    


Pig Shadow

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Posted on Mar 20, 2013 READ MORE    


Raft of Doom

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Posted on Mar 20, 2013 READ MORE    



401(k) 2013 (CC-BY-SA)

Hedge Fund Settles Insider Trading Case for $600 Million

The Securities and Exchange Commission says it has won the largest ever settlement in an insider trading suit.

Posted on Mar 15, 2013 READ MORE


Bill Moyers Has a Problem With Obama’s SEC Nominee

The broadcaster points out that President Obama, just like George W. Bush, is pushing his nominees through the revolving door between regulatory agencies and the banks they’re supposed to oversee.

Posted on Mar 12, 2013 READ MORE



AP/Mark Lennihan

If Corporations Don’t Pay Taxes, Why Should You?

The U.S. government exists primarily to make the world safe for multinational corporations, but those firms feel no obligation to pay for that protection in return.

Posted on Mar 12, 2013 READ MORE


Stock Market Surge

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Posted on Mar 8, 2013 READ MORE


Budget Wars: A Case for Hope

There are, believe it or not, grounds for hoping that the sequester, stupid as it is, might open the way to ending our nation’s budget stalemate.

Posted on Mar 6, 2013 READ MORE



Flickr / Abeeeer (CC-BY)

Why There’s a Bull Market for Stocks and Bear Market for Workers

On Tuesday the Dow Jones Industrial Average rose above 14,270. The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then. Yet the real median wage is now 8 percent below what it was then and unemployment remains sky-high. Why is the stock market doing so well, while most Americans are doing so poorly? Here are four reasons. 

Posted on Mar 6, 2013 READ MORE



AP/Osamu Honda

Whiny Billionaires in Need of Sequestration

Where is the Occupy movement now that the depravity of the super rich is on full display?

Posted on Mar 5, 2013 READ MORE


Elizabeth Warren Grills Fed Chairman Over ‘Too Big to Fail’ Banks

Sen. Elizabeth Warren, D-Mass., a two-time Truthdigger of the Week, demonstrated once again why big banks and Wall Street want to keep their distance from her when she took on Ben Bernanke during his semiannual appearance before the Senate Banking Committee on Tuesday.

Posted on Feb 26, 2013 READ MORE



Randy Le'Moine Photography (CC BY-ND 2.0)

2012: Bonuses for the Bull

While profits tripled and layoffs commenced in the banking industry last year, Wall Street divided at least $20 billion in gifts made of cash and stock among its employees.

Posted on Feb 26, 2013 READ MORE



Flickr/Thomas Hawk

Big Banks Have Found Another Way to Rip You Off

Meet the major banks’ newest partner: payday lenders, the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent.

Posted on Feb 24, 2013 READ MORE


Two 2016 Prospects Spotlight Democrats’ Identity Crisis

Despite its success in recent elections, and despite the image of unity it projects, the Democratic Party is in the throes of an epic identity crisis pitting its corporate money against its stated principles.

Posted on Feb 22, 2013 READ MORE


Staying Stupid: Why the ‘Hip’ Young Republicans Can’t Change Their Party (or Themselves)

Savvy Republicans know that something is deeply wrong with the GOP —frequently mocked these days by Republicans themselves as “the stupid party”—which has lost the popular vote in five of the last six presidential elections.

Posted on Feb 20, 2013 READ MORE



AP/Michael Dwyer

Truthdigger of the Week: Elizabeth Warren

At a Senate hearing Thursday, Elizabeth Warren exposed and shamed regulators for failing to prosecute banks that played a leading role in the financial crisis.

Posted on Feb 16, 2013 READ MORE



AP/J. Scott Applewhite

Senate Republicans Take a Stand Against the Public Interest

It is bizarre that Chuck Hagel, a war hero with a long record of sensible views on the deployment of military power, gets blocked as the president’s nominee to run the Pentagon, while Jack Lew, steeped in Wall Street greed, sails through as Treasury secretary.

Posted on Feb 14, 2013 READ MORE



AP/Charles Dharapak

It’s Good to Be a Goldman

Here’s a get-out-of-jail-free card, and while we’re at it, take this obscenely huge bonus for having wrecked the economy.

Posted on Feb 1, 2013 READ MORE



U.S. Navy/MC1 Kenneth G. Takada

The President of Perpetual War

Four years into his presidency, Barack Obama’s political formula should be obvious.

Posted on Jan 25, 2013 READ MORE



Kerry Calls Out Johnson, Zuckerberg Plans Christie Fundraiser, and More

A look at the day’s political happenings, including President Obama naming a new SEC head and Joe Biden dispensing some interesting earthquake advice during a Google+ “Fireside Hangout.”

Posted on Jan 24, 2013 READ MORE


We the Peephole

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Posted on Jan 21, 2013 READ MORE    


‘It Doesn’t Have to Be This Way’

“How do you expect this to play out over the next few years?” host Thom Hartmann asked economist Michael Hudson on “The Big Picture” this week. “That’s what everybody’s wondering,” Hudson replied. “The economy is going to shrink and shrink and shrink, and the question is whether people are going to go out in the streets ... or whether there’s going to be an actual response saying it doesn’t have to be this way.”

Posted on Jan 12, 2013 READ MORE



White House/Pete Souza

The Inconvenient Truth About Jack Lew

I suppose that he can’t be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary.

Posted on Jan 11, 2013 READ MORE



Flickr / epicharmus

Why Bailouts Will Continue Until the Big Banks Are Broken Up

TARP—the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008—is over. The Treasury Department announced it will be completing the sale of the remaining shares it owns of the banks and of General Motors. But in reality it’s not over.

Posted on Jan 8, 2013 READ MORE



Illustration by Mr. Fish

State of Fear

The security and surveillance state, recently released FBI documents show, monitors even mainstream dissenters and is determined to shut down all organized resistance to corporate rule. The goal: an encompassing system of pervasive fear and overt intimidation.

Posted on Jan 7, 2013 READ MORE



AP/Elise Amendola

Cerberus Collected Ex-Government Opportunists

How fitting that Dan Quayle, a bumbling excuse for a vice president of the United States, should end up as a top executive of a $20 billion private equity firm mired in controversy.

Posted on Dec 28, 2012 READ MORE


Coaches Over the Common Good

This is the microcosmic lesson of the University of Colorado’s recent decision to pay a new football coach $2 million a year. The move - and the reaction to it - is a perfect illustration of America’s values, or lack thereof.

Posted on Dec 21, 2012 READ MORE


Leader of Revolution

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Posted on Dec 21, 2012 READ MORE    


Hemlock

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Posted on Dec 21, 2012 READ MORE    


Pig

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Posted on Dec 21, 2012 READ MORE    


Election 2012

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Posted on Dec 21, 2012 READ MORE    



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


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