Truthout
Economy
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The Social Consequences of Inequality
Richard Wilkinson is an epidemiologist and a leader in international research of inequality. He is also the co-author of The Spirit Level: Why Greater Equality Makes Societies Stronger with …
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Wells Fargo Has Blood on Its Hands: Desperate Man Commits Suicide After Shocking Foreclosure Mistreatment
This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank. Norman and Oriane Rousseau were one more couple pushed by …
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Bank of America Dealt Punches from the 99 Percent, Shareholders Tell Their Side
“Bank of America, Bad for America” went the chant of protesters outside of the Charlotte headquarters with a large ball and chain marked with the word “DEBT” sitting it …
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Argentina and the Magic Soybean: the Commodity Export Boom That Wasn’t
Argentina's record levels of employment and massive reductions in poverty have little to do with exports. One of the great myths about the Argentine economy that is repeated nearly …
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Elizabeth Warren Says JPMorgan Trading Debacle Shows “We Need to Go Back to Boring Banking”
Massachusetts Democratic senate candidate Elizabeth Warren reacted to the news of JPMorganu2019s $2 billion trading debacle by calling for the banku2019s CEO, Jamie Dimon, to step down from his …
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The Dimon Fiasco: A Stark Lesson on Why Finance Needs Government Regulation
JPMorgan Chase's trading losses are a perfect example of why we need increased government regulation of banks. Many people see the $2 billion in trading losses announced by J.P. …
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Crony Capitalism: After Lobbying Against New Financial Regulations, JPMorgan Loses $2 Billion in Risky Bet
JPMorgan Chase, the nation’s largest bank, is under fire after losing at least $2 billion in derivatives trading it was warned carried high risk. The loss has renewed calls …
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Germany’s Attempt to Beat Greece Into Submission Won’t Work
Treating Greece like an incorrigible child won't improve its economy or the future of the eurozone. “German Patience with Greece Wears Thin,” says the New York Times headline. My patience …
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No Country for Rich Men
From Manhattan to Monaco, the world's wealthiest people are disconnecting into a class of stateless transients. Back in 1863, a short story took the American reading public by storm. …
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Boehner Vows Another Showdown Over Debt and Taxes
Boehneru2019s address to a Washington budget forum had chilling echoes of the 2011 clash over increasing the debt ceiling.