Truthout
Economy
|
The Best Congress the Banks’ Money Can Buy
Here we go again. Another round of the game we call Congressional Creep. After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture …
|
Kraft Foods Joins Coca-Cola and Pepsi in Leaving Corporate Front Group ALEC
(Photo: Scorpions and Centaurs / Flickr)Earlier today, we reported that Coca-Cola and PepsiCo said they would leave the American Legislative Exchange Council (ALEC), the corporate front group that pushes controversial laws …
Another Fox Guarding the Henhouse? Obama’s DOJ Tax Division Assistant Attorney General Nominee
The recent revelation that Attorney General Eric Holder and Justice Department Criminal Division head Lanny Breuer were, prior to joining the Justice Department (DOJ), partners in a law firm …
|
The Seeds of a Quiet Economic Revolution: A Review of Gar Alperovitz’s “America Beyond Capitalism“
It is not news that Americans overwhelming disapprove of the job Congress is doing. And likely, it's not surprising that two-thirds of Americans told a London-based firm, Absolute Strategy …
|
Ninety-Nine Percent Spring and Confronting Corporate Power
At this moment, we face an incredible choice. We can fight to win back the economy we had before the financial crisis. Or, we can allow ourselves to reimagine …
|
Whose World Bank?
New York - US President Barack Obama's nomination of Jim Yong Kim for the presidency of the World Bank has been well received – and rightly so, especially given …
|
Beware of Austerity’s Vicious Circle
(Image: CartoonArts International / The New York Times Syndicate) One of the key arguments made by the proponents of fiscal austerity, even in a deeply depressed economy, has involved …
|
There Will Be Cheating: Another Gift to Big Banks Hidden in Obama’s Principal Reduction Strategy
If you ask a homeowner who has tried to get a government-certified mortgage modification from a bank, half the time you’ll hear a story of lost paperwork, incompetence, and …
|
Payola for the Most Profitable Corporations in History (and Why Taxpayers Shouldn’t Stand for It Any More)
Along with “fivedollaragallongas,” the energy watchword for the next few months is: “subsidies.” Last week, for instance, New Jersey Senator Robert Menendez proposed ending some of the billions of …
|
Finance Expert Says Speculators Are Behind High Oil and Gasoline Prices
(Photo: brownpau) Washington - Financial speculators are gambling on oil the same way they gambled on the housing market a few years ago — a frightening prospect for the …