The Senate is considering the House-passed, typically-misnamed "JOBS Act." This act dramatically cuts regulations and disclosure requirements for companies that want to sell stock. As written it opens the door to the usual scammers, fleecers and fraudsters that feast on deregulation.
Whenever Washington politicians get together on something "bipartisan," there's a very good chance it's a lobbyist-driven initiative - one that will enrich the lobbyists'' patrons, generate campaign funds for pliant politicians, and stick it pretty much everyone else.
Republicans want to "reform" the Export-Import Bank. Uh Oh.
The chair of Sunoco’s board of directors is a refinery assassin.
Last week on Fox News, while chatting with Mitt Romney about President Obama's citations of increased domestic oil production, Sean Hannity retorted, "He's claiming we've never produced more oil, but that is on private land."
... is separation from reality caused by internalizing decades of endlessly repeated right-wing propaganda. This time it shows up in a discussion of the effect of top tax rates by Christina Romer. I hate to pick on Romer again, but...
Republican presidential wannabe/spoiler Rick Santorum has said a
This behind the scenes look at the Grand Bargain doesn't change my original impression of the negotiations, but it does lend some details that actually make it worse than I thought:
Last week in Florida there was an important victory for progressive Democrats that not many Democrats know about. Even worse, most Democrats may not even be aware why this was a victory.
“There was clearly something wrong with the U.S. economy long before the crash.” Consensus
It seems that you can look at a chart of almost anything and right around 1981 or soon after you'll see the chart make a sharp change in direction, and probably not in a good way.
There's another chapter to add to the narrative my colleague Dave Johnson sketched out some weeks ago about how the Reagan revolution has come home to roost, based on sobering statistics uncovered by David Cay Johnston.
The Chamber of Commerce and the AFL-CIO promised a big infrastructure push. The AFL-CIO pushed, the Chamber backed off.
Austerity budgets are spreading everywhere, but wealth, new data show, has become more concentrated at the global economic summit than ever before. From Cairo to Palo Alto, even some conservatives are now talking wealth tax.
Question: What are the connecting threads between these two recent Mitt Romney news items - the announcement that he's not enrolling in Medicare, and the revelation that Bain Capital helped him make money helping the Chinese government spy on its people? Answer: They're both covert attacks on innoce...
A report today in The Huffington Post that the AARP is organizing a "salon" dominated by supporters of cuts to Social Security benefits—as part of a larger "listening tour"—has advocates for preserving Social Security hopping mad.
Social Security Works spoke to several conservatives at the Conservative Political Action Conference (CPAC) this past Friday, who were none too pleased to hear Mitt Romney he plans to cut Social Security and Medicare.
The following is an official statement from the AFL-CIO Executive Council.
First they came for the women who use contraception, and sought to deny them insurance coverage. Then they came for the women seeking abortions, and sought to force them to have ultrasounds.
This week people have been buzzing about Goldman Sachs executive Greg Smith's high-profile resignation from Goldman and his description of the way that company's ethics and morals have declined over the last decade and more, especially under current CEO Lloyd Blankfein.
Yesterday, I wrote that Mitt Romney will have a long, humiliating road to the GOP convention.
People are organizing to protest in front of Apple stores timed to coincide with the iPad 3 launch tomorrow, to remind people that Apple is using exploited Chinese workers to build their products.
Thing Progress reports: [A]ccording to Reuters, both Boehner and House Majority Leader Eric Cantor (R-OH) are ready to cut below the level specified in the debt ceiling deal:
On March 22, workers from the Communication Workers of America and International Brotherhood of Electrical Workers will be joined by thousands of supporters to rally around the country to stand up to corporate greed, and in support of good jobs for the 99%. The rally will also support the U.S.
Mitt Romney's plight, after his third place finishes yesterday's primaries in Mississippi and Alabama, remind me of a lyric from an old Supreme's hit: "You don't really love me, you just keep me hanging on." Like two halves of a bad
One of the critical moments in Barack Obama presidential candidacy happened in May 2008, in the days preceding the Indiana and North Carolina primaries.
Advertising people will tell that repetition is important, because it takes a while before people start to pay attention. So I'm repeating this, because you should pay attention. Previously in, You Should Know About The "99% Spring", I pointed this out
So it's down to Romney vs Santorum now. But when when it comes to the 1% it’s really just a one-man race. The difference between Romney and Santorum is that while Romney’s policies benefit only the 1%, Santorum’s policies only benefit the 1%.
Today the Brown-Merkley Amendment #1819 passed the Senate with a voice vote! Sen. Sherrod Brown made a brief floor speech that noted that the amendment closes a loophole by which companies evaded current Buy America requirements by breaking up jobs into small pieces that could then be outsourced.
These words are being written from the veranda of a small house in an African valley, in the hour just before dawn.
The very name of a Washington conservative conference this weekend is the height of subterfuge.
Mitt Romney is down South, trying to win votes in the Alabama and Mississippi Republican primaries.
There’s something happening here.
Originally posted on Capital Gains and Games.
Across America, people are dying for work. It's not because they're unemployed. It's because they work for corporations that don't care if they die. Every day, 12 workers die on the job in America – often because a corporation has defied regulations or ignored standard safety procedures.
When it comes to changing Mitt Romney's image as a rich guy who's out of touch with the economic realities of the lives of middle- and working-class Americans, the Romney's — Mitt, who doesn't follow NASCAR, but has friends w
There are small signs that real recovery might finally be kicking in. (Republicans have been able to obstruct it for only so long.) But we have not rewired the economic paradigm to work for the 99%, so any recovery will only bring back the imbalances that caused the problems in the first place.
The fight to overturn the Supreme Court's Citizens United ruling and to undo its effects on our democracy is now being ratcheted up as a spectrum of progressive organizations are cooperating on multiple fronts.
Great economic cataclysms have in the past knocked the super rich off their stride. Our Great Recession's deep pockets, stunning new income data show, are bucking the historical tide.
From progressive activists to mortgage bankers to Wall Street traders, the drumbeat is getting louder and louder for Federal Housing Finance Agency Acting Director Edward DeMarco to end his resistance and act to end the housing crisis by allowing principal to be reduced for struggling ho