Truthout
Economy
|
Credit Card Debt Lawsuits by Lenders Relying on Erroneous Documents, Incomplete Records
"Roughly 90 percent of the credit card lawsuits are flawed and can’t prove the person owes the debt,†said Noach Dear, Brooklyn civil court judge.
|
British Bank in $340 Million Settlement for Money Laundering
Standard Chartered has maintained that only $14 million of the $250 billion in transactions violated federal regulations.
|
Romney Still Reaps Huge Profits From Bain’s Vulture Capitalism
The wealthiest man ever to secure a major party nomination for the presidency is crying foul because President Obamau2019s campaign has dared to explain how Romney made his money.
|
77 Years After It Became Law, Social Security Keeps 20 Million Americans Out of Poverty
More than 70 years after its creation, social security benefits are keeping the elderly above the poverty line.
Wall St. “Cheetahs” and the Financial Transaction Tax
The recent stock market volatility could have been restricted by a tax on transactions that would make the small quick score less attractive.
Talking Populist, Walking Plutocrat: Paul Ryan on Dodd-Frank and the Volcker Rule
In a little noted speech to his constituents in May, Paul Ryan decried the u201ccrony capitalismu201d that he said, prompted the big bank bail-outs of 2008 (though he himself …
|
A New Direction for Poor, Resource-Rich Countries
New discoveries of natural resources in several African countries u2013 including Ghana, Uganda, Tanzania, and Mozambique u2013 raise an important question: Will these windfalls be a blessing that brings …
Five Reasons Why Crisis Persists
This crisis is not going away. Officially begun late in 2007, nearly five years later, no end is in sight.
The Drought and the Coming Food Price Bubble
TIm A. Wise: US food reserves at a historic low as biofuels, climate change and speculation exacerbate food crisis.
America’s Deficit Attention Disorder
Money is the least of our problems. Itu2019s time to pay attention to the real deficits that are killing us.