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Tag: Wall Street

Tax Day: Will Romney Make April Fools of Republicans?

Who does Mitt Romney think he is fooling with this charade? Republicans are rightly concerned that his sense of entitlement, symbolized by the tax question, will damage their party’s chances next fall.

Posted on Jan 20, 2012 READ MORE



Flickr / SimonAlparaz (CC-BY)

Recovery Drags as Americans Dip Into Savings

For obvious reasons, Americans’ savings accounts are shrinking during this ongoing recession, both because there’s not as much money to deposit and many more reasons to make withdrawals. This has consequences for the economy’s long-term recovery prospects, as does another currently popular method of payment: the credit card.

Posted on Jan 17, 2012 READ MORE


A Fair Share of Scrutiny

From all evidence, the issue of economic justice isn’t going away. Break the news gently to Mitt Romney, who seems apoplectic that the whole “rich get richer, poor get poorer” thing is being discussed out loud. In front of the children, for goodness’ sake.

Posted on Jan 17, 2012 READ MORE



AP / Erich Schlegel

Truthdiggers of the Week: Indiana University Poverty Researchers

Here’s a sobering dose of reality: Poverty in America has risen to the 27 percent mark in the last half-decade and, perhaps worse, the prospects for our nation’s poorest won’t necessarily get better as the economy picks up. It’s not news many want to hear, but we’re glad a group of researchers at Indiana University were gutsy enough to release it.

Posted on Jan 13, 2012 READ MORE



AP / Charles Krupa

There’s Hope for Republicans Yet

GOP candidates are embracing populism, but as the presidential election is now shaping up, voters will not be given a choice to rebuke Wall Street by either major party.

Posted on Jan 12, 2012 READ MORE


It’s What’s on the Inside That Counts

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Posted on Jan 10, 2012 READ MORE    



AP / NBC News / William B. Plowman

Obama’s New Chief of Staff Hails From Wall Street

Jack Lew is a liberal who worked for Speaker Tip O’Neill and studied under beloved progressive Sen. Paul Wellstone, but he was also the chief operating officer of a Citigroup unit and doesn’t fault deregulation for the shoddy economy. (more)

Posted on Jan 9, 2012 READ MORE



Flickr / ToGa Wanderings (CC-BY)

American Social Mobility Ain’t What It Used to Be

This will hardly be news to many, but The New York Times weighed in Wednesday about the American dream being harder to achieve for those occupying the lower socioeconomic levels of society than either their wealthier contemporaries or their counterparts from past eras.

Posted on Jan 5, 2012 READ MORE



AP / Gerald Herbert

Arms Dealer Obama Will Win by Default

Barack Obama will be re-elected not as a vindication of his policies but because the Republicans are incapable of providing a reasonable challenge to his flawed performance.

Posted on Jan 5, 2012 READ MORE



White House / Pete Souza

Obama Aims for Romney’s Weak Spots

It’s expected that the people who brought you President Barack Obama, including the commander in chief himself, would be shifting into attack mode in preparation for the height of campaign season, and their main target is looking a lot like Mitt Romney.

Posted on Jan 4, 2012 READ MORE



AP / Charlie Riedel

Marginalizing Ron Paul

Paul is being denigrated as a presidential contender even though on the vital issues of the economy, war and peace, and civil liberties, he has made the most sense of the Republican candidates.

Posted on Dec 29, 2011 READ MORE



AP / Rich Pedroncelli

Bernie Sanders Explains Why Congress Fears Citizens United

Senator Bernie Sanders has a much more sophisticated take on political corruption than the conventional view of campaign reformers.

Posted on Dec 16, 2011 READ MORE



Gage Skidmore (CC-BY-SA)

Been There, Thought That

Can we please bury the notion that Newt Gingrich is some kind of deep thinker? His intellect may be as broad as the sea, but it’s about as deep as a birdbath.

Posted on Dec 16, 2011 READ MORE



Flickr / bogieharmond (CC-BY)

Occupy Wall Street’s ‘Empire Strikes Back’ Moment

Whither Occupy Wall Street? That’s the question that’s been on the forefront of the young movement’s agenda since police forced participants out of New York City’s Zuccotti Park last month.

Posted on Dec 13, 2011 READ MORE



AP / Seth Wenig

Time to Start Preoccupying Wall Street

What would it be like if activists were to spend the next several months developing, articulating and organizing toward a major national mortgage and student loan strike? Such a loan strike would be slated to begin on some specific preannounced date in the intermediate future. Why not, say, on Oct. 1, 2012, right in the middle of the next presidential campaign?

Posted on Dec 9, 2011 READ MORE



cbsnews.com

Truthdiggers of the Week: Two Mortgage Meltdown Whistle-Blowers

It’s all too rare that a mainstream news network goes after just the sort of financial heavy hitters that tend to have ties to their own corporate sponsors, but thankfully, that’s what CBS News’ “60 Minutes” did last weekend with the help of two principled mortgage specialists.

Posted on Dec 9, 2011 READ MORE


The Cruelty of Nonlethal Weapons

This week on Truthdig Radio in association with KPFK: Newt Gingrich’s rise and Rod Blagojevich’s fall; why nonlethal weapons are being abused; Nomi Prins’ new novel; and millennial mishigas.

Posted on Dec 9, 2011 READ MORE



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

The Cruelty of Nonlethal Weapons

This week on Truthdig Radio in association with KPFK: Newt Gingrich’s rise and Rod Blagojevich’s fall; why nonlethal weapons are being abused; Nomi Prins’ new novel; and millennial mishigas.

Posted on Dec 9, 2011 READ MORE



Pat Arnow (CC-BY-SA)

Will Popular Reformer Cuomo’s Plan Tax the 1 Percent?

Held aloft by the highest approval ratings of any governor in America, Andrew Cuomo now plans a sweeping tax reform that is expected to demand more, not less, from New York’s wealthiest.

Posted on Dec 8, 2011 READ MORE



White House / Pete Souza

Obama’s New Square Deal

President Obama has decided that he is more likely to win if the election is about big things rather than small ones.

Posted on Dec 7, 2011 READ MORE



Illustration by Mr. Fish

Where Were You When They Crucified My Lord?

The Occupy movement is the force that will revitalize traditional Christianity in the United States or signal its moral, social and political irrelevance.

Posted on Dec 5, 2011 READ MORE


‘60 Minutes’ Shames Justice Dept. Over Wall Street

“60 Minutes” got tired of waiting for the Justice Department to prosecute the big banks that caused the financial crisis, so Steve Kroft and his producers went out and built their own cases.

Posted on Dec 4, 2011 READ MORE



David Wiley (CC-BY)

Celebrating the End of Kids’ Wall Street Dreams

Amid fears of high youth unemployment creating a “lost generation,” there is suddenly a bright spot: Apparently, fewer young people are going to work in the industry that destroyed our economy.

Posted on Dec 1, 2011 READ MORE



jonny2love (CC-BY)

Take Our Children, Please! A Modest Proposal for Occupy Wall Street

On Jan. 16, Martin Luther King Day, citizens from around the country should gather at the New York Stock Exchange on Wall Street. Let’s call this macabre gathering—with luck and even worse times, it should be mammoth—“We Surrender” or “Restore Debtor’s Prisons” or “De-Fault Is Ours” or “Collateralize Us.” And plan on a mirthful day of mourning.

Posted on Nov 30, 2011 READ MORE



Wikimedia Commons / Dan Smith (CC-BY-SA)

Secret Fed Loans Gave Banks Big Profits During Bailout

Here we have some news that Ohio Sen. Sherrod Brown believes “can unite the tea party and Occupy Wall Street.” Sound implausible? Well, Bloomberg News’ parent company went to court to access 29,000 pages of documents from the Federal Reserve, from which the outlet gleaned ... (more)

Posted on Nov 29, 2011 READ MORE


Turkeys

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Posted on Nov 27, 2011 READ MORE



Devin Smith (CC-BY)

Pulling Accounts From the Unaccountable

Occupy protesters decided to march on local branches of the too-big-to-fail banks, so participants could close their accounts, and others could hold “teach-ins” to discuss the problems created by these unaccountable institutions.

Posted on Nov 22, 2011 READ MORE



Joe Wolf (CC-BY-ND)

How Students Landed on the Front Lines of Class War

University students, who face tuition hikes and state cuts to public education, find themselves victimized by the same neoliberal agenda that has created the current economic crisis, and which profoundly endangers democratic values.

Posted on Nov 22, 2011 READ MORE



Brennan Cavanaugh (CC-BY)

OWS Organizer Questions Intentions of Secretive Affinity Group

Over a pair of steaming coffee cups, I was told that a secret faction has developed within New York City’s Occupy movement, made up of big-name celebrities and would-be leaders, some of whom look determined to steer the movement in a direction of their choosing.

Posted on Nov 22, 2011 READ MORE



Gage Skidmore (CC-BY-SA)

The Republicans Aren’t Funny, They’re Scary

Unfortunately, the media’s fascination with antics has diverted attention from what the Republicans would do if they win.

Posted on Nov 21, 2011 READ MORE



bogieharmond (CC-BY)

Still Occupied

Occupy Wall Street may not occupy Zuccotti Park anymore, but it refuses to surrender its place in the national discourse.

Posted on Nov 20, 2011 READ MORE


Wall Street Complacent

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Posted on Nov 20, 2011 READ MORE



jburwen (CC-BY)

Tahrir Square All Over Again

Egyptian security forces killed at least three demonstrators in Cairo’s Tahrir Square on Sunday as troops moved against huge crowds protesting the military’s attempts to grant itself permanent governmental powers a week before the first post-Mubarak parliamentary elections.

Posted on Nov 20, 2011 READ MORE


Lobbying Firm Proposes ‘Hit Job’ on OWS

MSNBC journalist Chris Hayes brings us a memo written by a Washington lobbying firm staffed with former aides of Republican Speaker John Boehner offering American bankers a near $1 million publicity blitz against Occupy Wall Street and its congressional supporters. (more)

Posted on Nov 19, 2011 READ MORE


Security Guard at Zuccotti: ‘Your Fly’s Open, Faggot’

You may wonder what kind of goons Brookfield Properties—the owners of Zuccotti Park—hired to secure the area after Occupiers were evicted from the premises early Tuesday morning. At least one careless bigot numbered among the crowd.

Posted on Nov 17, 2011 READ MORE



AP / Mary Altaffer

Occupiers Rally, Media Tallies on National Day of Action

On Thursday, two months into the Occupy Wall Street movement, protesters turned out en masse in New York, Los Angeles and other flash points around the country to continue their call for financial reform and to make a show of solidarity after New York City Mayor Michael Bloomberg and his counterparts in ... (more)

Posted on Nov 17, 2011 READ MORE



AP / Julia Xanthos

The Villain Occupy Wall Street Has Been Waiting For

In the pantheon of billionaires without shame, Michael Bloomberg, the Wall Street banker-turned-business-press-lord-turned-mayor, is now secure at the top.

Posted on Nov 17, 2011 READ MORE



Code Pink (CC-BY-SA)

AIG Chairman Looks Down His Nose at OWS

The chairman of AIG, which is now majority owned by the United States Treasury thanks to a $182.3 billion bailout, was on Bloomberg TV, appropriately enough, when he declared that the “Occupy Wall Street crowd” has “a very simplistic view of things.”

Posted on Nov 16, 2011 READ MORE



DonkeyHotey (CC-BY)

Where Does Occupy Go From Here?

The program to oust the Occupy Wall Street movement from its sites of occupation is now under way. The Occupied, who own the police, have grown tired of the Occupation.

Posted on Nov 16, 2011 READ MORE


The Data Behind the Occupy Movement

Do the Occupiers know what they’re talking about when they chant, “We are the 99 percent!”? With a quick animation, The Guardian breaks down the key economic data representing the conditions that have brought thousands of the disempowered and discontented into the streets all across the country.

Posted on Nov 16, 2011 READ MORE



Kenny Sun (CC-BY)

The Brave New World of Occupy Wall Street

We got word just after 1 a.m. Tuesday that New York City police were raiding the Occupy Wall Street encampment.

Posted on Nov 15, 2011 READ MORE



AP / Seth Wenig

This Is What Revolution Looks Like

Welcome to the revolution. Our elites have exposed their hand. They have nothing to offer. They can destroy but they cannot build. They can repress but they cannot lead. They can steal but they cannot share. They can talk but they cannot speak.

Posted on Nov 15, 2011 READ MORE



timothy.actwell (CC-BY)

Deaths Have Cities Calling for OWS Shutdown

Three deaths in or near Occupy Wall Street encampments in different cities late last week have given authorities reason to insist that shutting the protests down is in the public’s best interest. (more)

Posted on Nov 13, 2011 READ MORE



Peter Woodbridge (CC-BY)

OWS Prepares for Winter Hibernation

As members of the OWS encampment in New York City head into what promises to be a brutal winter, activists with differing notions about where the movement should go next can all agree on one thing: survival. (more)

Posted on Nov 12, 2011 READ MORE


Relax, Everything Is OK

The 20th-century French novelist and philosopher Albert Camus once wrote: “At any street corner the feeling of absurdity can strike any man in the face.” For the unfortunate few deprived of the experience, a few megaphone-wielding British agitators took to the streets of London to make things clear. (more)

Posted on Nov 12, 2011 READ MORE


Why Income Inequality Suddenly Matters

Something amazing happened: For 10 whole seconds, the local reporter on my TV screen actually talked about the realities of the recession.

Posted on Nov 11, 2011 READ MORE



Wikimedia Commons: Charles Haynes (CC-BY-SA) / U.S.

Batali vs. the Bankers

Mario Batali, feel the wrath of the 1 percenters. The ginger-haired and orange-shod celebrity chef and owner of fancy New York eateries Babbo and Del Posto caused an uproar among Wall Streeters when he talked about bankers, Hitler and Stalin in the same sentence.

Posted on Nov 10, 2011 READ MORE


Robert Reich and Robert Scheer at Occupy L.A. Teach-In

Last weekend former Labor Secretary Reich and Truthdig Editor Scheer, who, in his own words, got a little wound up, were among the luminaries teaching in at the Occupy L.A. encampment.

Posted on Nov 10, 2011 READ MORE



AP / Damian Dovarganes

California Refuses to Accept Obama’s Banking Sellout

There is no three-strikes law for crooked bankers, who usually get off with a fine and a promise not to do it again, and again and again.

Posted on Nov 10, 2011 READ MORE



David Shankbone (CC-BY)

Why Are Police Treating Protesters Like Terrorists?

From Zuccotti Park to Nashville, counterterrorism cops and homeland security officials are spying on and intimidating Occupy protesters. It may have something to do with the way the Patriot Act can be read to classify civil disobedience as domestic terrorism.

Posted on Nov 8, 2011 READ MORE


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