Business & Economy

Goldman Sachs CEO Nominated as Treasury Secretary

Staff / Truthdig May 30, 2006 Finally, after months of hanging in the pink slip rumor mill, John Snow can move on. The White House has named Henry M. Paulson as the newest Treasury secretary; here's what we know according to the Washington Post and NYT: He was reluctant to accept the job. He worked in the Pentagon as a young man. He "has been a Goldman Sachs executive since 1974, pulling down a compensation package in 2005 of $37 million." He is "a birdwatcher who can often be found in Central Park with his binoculars." Thank you mainstream media for your thorough profile of this very important man. Dig deeper ( 1 Min. Read )

For Interns, Blogging Brings Perils, Profits

Staff / Truthdig May 26, 2006 On the eve of the premiere of the underling-dishes-all movie "The Devil Wears Prada," the N Time surveys the landscape of interns whose work-related blogs have brought them both pay and pink slips . Dig deeper ( 1 Min. Read )

Lay, Skilling Convicted in Enron Collapse

Staff / Truthdig May 25, 2006 The "smartest guys in the room" weren't smart enough to avoid conviction on securities and wire fraud conspiracy charges in one of the biggest business scandals in U.S. history. After six days of deliberation, the jury rejected Ken Lay's and Jeff Skilling's testimony as lies. Dig deeper ( 1 Min. Read )

Ted Koppel: Time for Army of U.S. Mercenaries?

Staff / Truthdig May 23, 2006 The longtime TV broadcaster, writing in the New York Times, snarkily suggests that oil companies that have the greatest interest in safeguarding a particular region should pick up the tab for hiring soldiers to defend it. Dig deeper ( 1 Min. Read )

Verizon Hit By Two Multibillion-Dollar Lawsuits

Staff / Truthdig May 13, 2006 The telecom giant faces two suits--one for $20 billion, another for $5 billion--for handing over customers' phone records to the NSA. Dig deeper ( 1 Min. Read )

Full Tanks Put Squeeze on the Working Class

Staff / Truthdig May 13, 2006 Check out these moving portraits of people who can no longer visit family or friends, who can no longer take their children to the movies, even--all because of the stratospheric gas prices. Dig deeper

Conservatives Seek to Extend Tax Breaks for Rich

Staff / Truthdig May 10, 2006 House and Senate conservatives have agreed to spend $70 billion to extend the 15% tax rate on capital gains and dividends until 2010. Dig deeper ( 1 Min. Read )

Lay’s Chips to Use Healthier Oil

Staff / Truthdig May 3, 2006 In an industry-rocking move, the nation's leading potato chip manufacturer will reduce saturated fat by switching from cottonseed oil to sunflower oil. Dig deeper ( 1 Min. Read )

GOP Tax Rebate Proposal Dying Quick Death

Staff / Truthdig May 3, 2006 Even the House majority leader, a Republican, has rejected the Republican Senate leadership's idea to send taxpayers a $100 check to cover rising gas prices. Dig deeper ( 1 Min. Read )

GOP Gas Rebate Plan Draws Bipartisan Scorn

Staff / Truthdig May 2, 2006 Republican senators received a flood of angry e-mails and phone calls in response to their plan to mail $100 checks to voters to ease the pinch of ever-rising gasoline prices. Even Rush Limbaugh said the GOP was treating Americans like "whores." Dig deeper ( 1 Min. Read )

Greed, Sex Slavery and Forced Abortions–Made in the USA

Staff / Truthdig Apr 25, 2006 Ms. Magazine documents quasi-endentured servitude in garment factories in the Northern Mariana Islands--which, because they're a territory of the U.S., labels their clothes "Made in the USA." The surprise: Jack Abramoff facilitated the situation. Dig deeper ( 1 Min. Read )

Study: Oil Company Profits, Not Crude Prices, Are Pumping Gas Prices

Staff / Truthdig Apr 21, 2006 Corporate profiteering--not increased crude oil prices, not ethanol switch-overs--is responsible for recent gas price increases in California, according to an independent watchdog group. Sounds like Enron all over again. Dig deeper ( 1 Min. Read )