Truthout
Economy
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Will Democrats Embrace “Austerity American Style”? Crash This Party and Find Out
Heard about the meeting that's being held to decide your economic future? If the answer's “no,” don't feel bad: That's because you weren't invited. But Tim Geithner was. So …
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Why the Occupy Movement Frightens the Corporate Elite
This is why the Occupy movement frightens the corporate elite. What fosters revolution is not misery, but the gap between what people expect from their lives and what is …
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IRS Crackdown on Foreign Assets Leading Many to Renounce US Citizenship
Support Truthout’s work by making a tax-deductible donation: click here to contribute. A growing number of U.S. citizens who live abroad and have bank accounts there are making a …
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Atlas Shirked: The Teenage Revolt Against “the Nanny State“
Click here to support news free of corporate influence by donating to Truthout. Now that Paul Ryan has backed away from his fervent embrace of Ayn Rand, claiming that …
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JPMorgan Chase Executive to Resign in Trading Debacle
Analyst gives firm an A for stemming the wrath of regulators, but an F for missing the problem in the first place.
Deficit Reduction: The Great Distraction
Click here to support news free of corporate influence by donating to Truthout. This is the week of the third annual Deficit Fest, the event sponsored by Wall Street …
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Mass Anti-Austerity Protests Sweep Through Spain
Demonstrators hold signs outside the Bankia bank center during a previous housing protest in Madrid, April 18, 2012. (Photo: Carlos Lujan / International Herald Tribune)At least 100,000 protesters angered …
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Waiting for Copernicus: Moving Beyond Wall Street-Centric Economics
It’s happening in Buenos Aires. It’s happening in Paris and in Athens. It’s even happening at the World Bank headquarters. The global economy is finally shifting away from the …
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JPMorgan Sought Loophole on Risky Trading
(Photo: Swire / Flickr)Washington - Soon after lawmakers finished work on the nation’s new financial regulatory law, a team of JPMorgan Chase lobbyists descended on Washington. Their goal was …
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A Shock From JPMorgan Is New Fodder for Reformers
It didn’t take long for bank reformers to say we told you so. JPMorgan Chase’s $2 billion trading loss, which was disclosed on Thursday, could give supporters of tighter …