Truthout
Economy
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Wisconsin Recall Roundup – May 22, 2012
Members of Congress Raise Questions about Walker's 2011 Testimony Three Democratic members of the House Oversight Committee wrote to Chairman Darrell Issa requesting that he obtain clarification from Wisconsin …
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The American Middle Class, Income Inequality, and the Strength of Our Economy
To say that the middle class is important to our economy may seem noncontroversial to most Americans. After all, most of us self-identify as middle class, and members of …
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Bain and Financial Industry Gave Over $565,000 to Newark Mayor Cory Booker for 2002 Campaign
Yesterday, Newark, New Jersey Mayor Cory Booker (D) attacked the Obama campaign for making an issue of Mitt Romney’s tenure at Bain Capital during an appearance on Meet the Press. While the …
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Jamie Dimon Should Resign From the Board of the New York Fed
Jamie Dimon, CEO of JP Morgan Chase, is a member of the board of the New York Federal Reserve Bank. Mr. Dimon’s role there is sometimes presented as “advisory” …
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Former JPMorgan Lobbyist Manages the Banking Committee Expected to Investigate JPMorgan’s Trading Loss
The Senate Banking Committee is responding to outrage over the news that J.P. Morgan lost some $3 billion in customer money because of a risky trading strategy. The committee is preparing …
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Europe’s Leaders Double Down on a Failed Strategy
Paul Krugman: As broader evidence that Europe's economic strategy is an utter failure increases, the usual suspects are doubling down.
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Drone Attacks Can’t Save the G8’s Bacon
Many of the G8 countries - comprised of France, Germany, Italy, Japan, the United Kingdom, Canada, the United States and Russia - are former colonial powers that have thrived …
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Obama Hits Back at Romney’s Bain Experience: The President’s Job “Is Not Simply to Maximize Profits“
During a press conference Monday afternoon, President Obama hit back against critics — including surrogate and Newark Mayor Corey Booker — who have expressed disappointment over his campaign's effort …
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Mortgage and Securitization Fraud: Where Is the Task Force?
It was almost four years ago that Federal Reserve Board Chairman Ben Bernanke, Treasury Secretary Henry Paul Paulson and then New York Fed Bank President Timothy Geithner ran to …
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Older Workers Have Highest Long-Term Jobless Rate
Older workers who lose their jobs have the highest rate of long-term unemployment compared to any other age group. In 2011, more than half of jobless workers, ages 50 …