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 this morning by David Cay Johnston at Tax.com
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.