That Gov. Scott Walker survived the recall in Wisconsin is a tragic setback for the stunning citizen’s movement that challenged his extremist agenda in Wisconsin. Its implications are likely to be exaggerated by the right, and underplayed by progressives. Here are some thoughts on its meaning.
At Citigroup, shareholders had their say on CEO pay -- and they yelled, "No damn way!" Concerted action by shareholders, workers and public interest groups compelled corporate change in several other cases this spring as well. At least three CEOs resigned.
JPMorgan Chase’s $2 billion bad bet has made it crystal clear: The Wall Street banksters are still recklessly gambling with government-guaranteed money. And the too-big-to-fail banks are still too big.
A string of surprising 'say on pay' votes has some executive pay critics sensing an impending revolution in corporate boardrooms. But that 'revolution' won't amount to much until mainstream CEO pay reformers start factoring worker pay into the corporate compensation equation.
House Republicans can call their budget a "Path to Prosperity" all they want, but as far as the American Majority is concerned, it's a path to political defeat for the politicians who support it—if progressives make the right arguments in favor of an alternative that grows the economy and protects...
With Michael Winship
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%.
Lawmakers make laws. They don't enforce them. Corporate America understands that difference — and exploits it with a relentless regularity. The latest case in point: the battle over outrageous CEO pay.
Thanks to Occupy Wall Street, in the State of the Union this week President Obama struck some of his most populist themes yet.
In America, when gangs of bullies torment school children, pushing them around and extorting their lunch money, parents know only one response effectively counters the abuse: confrontation.
Don't get too distracted by the fissures in the Republican electorate revealed in Tuesday night's Iowa caucus vote. On basic economic issues, in fact, the candidates are remarkably united; there's hardly eight votes worth of difference between Mitt Romney and Rick Santorum.
On Monday, Bank of America (BofA) stocks briefly traded for under $5. Yes, you could buy a share of BofA for less than the noxious debit card fee they tried […]
Today, presidential candidate Mitt Romney outlines his “jobs” plan in USA Today, by asserting that: “All too often … government gets in the way. The past three years of unparalleled […]
With one month to go before the Iowa caucuses, the debate among Republican primary voters for the moment is between Mitt Romney and Newt Gingrich. It would be premature to […]
It seems ages ago (Doesn’t it?) that progressives were pushing hard to get Elizabeth Warren appointed to head her brainchild, the Consumer Financial Protection Bureau. We know how that worked […]
The New Bottom Line, one of the organizations leading the “move your money” movement and the national “Bank Transfer Day” on Saturday, announced today that nearly $50 million had been […]
Sometimes, even an institution that is “too big to fail” is not too big to be influenced by energized citizens on a quest for basic fairness. With a national “move […]
Republicans jammed together a mess of old, failed and vague schemes and called it a jobs bill. Sen. John McCain conceded the reason for the rehash: “Part of it is […]
Co-written with Katrina vanden Heuvel. Originally published at The Nation. On October 3 activists from across the country will gather in Washington at the Take Back the American Dream conference, […]
Janesville, WI — As President Obama gets ready for his big jobs speech Thursday, America’s nurses have a message for him. “Heal America, Tax Wall Street!” the signs read as […]
A lot of people in the media are so afraid of offending anyone that they can’t even tell the truth about the man whose memorial is being unveiled this weekend […]
A lot of people in the media are so afraid of offending anyone with controversial truths that they can’t even tell the truth about the man whose holiday we’re celebrating […]
“Who does Standard & Poor’s think it is?” asks Matt Miller, the reasonable and congenial host who represents the “center” on NPR’s “Left, Right, and Center.” Miller’s understandably outraged that […]
The following is an oped published in USA Today, rebutting the paper’s editorial stance against additional stimulus. You can read the editorial board’s case here. Twenty-five million people are in […]
One of Wall Street’s most brazen disinformation campaigns ever on behalf of a naked money grab from consumers comes to a head on the Senate floor this afternoon, in a […]
A group of Democratic representatives has joined consumer groups- along with prominent figures like Dr. Phil (yes, that Dr. Phil) – in calling on the President to make a “recess […]
The post-bin Laden afterglow is fading. Those video clips of his home movies seem like scenes from a reality show, not glimpses of an Existential Threat. It’s the master terrorist […]
The bankers are endangering innocent people, their pals are roughing up the law, and the people who should be helping out are sitting on the sidelines doing nothing You can […]
“There is only one person who should lead the Consumer Financial Protection Bureau and that is the brilliant advocate who championed it, the remarkable administrator who has helped get it […]
Less than a week after launching his presidential campaign, Newt Gingrich’s candidacy has already been declared "done" and "over" by conservative pundit Charles Krauthammer. Gingrich’s mouth—always faster than his brain—has […]
In a piece called “Wall Street: Not Guilty,” financial columnist Roger Lowenstein attempts to defend Wall Street against allegations that it’s a viper’s nest of rampant criminality. His mischaracterization, mockery, […]
Some of the headlines about the conviction of hedge fund manager Raj Rajaratnam are misleading or just plain wrong. The Rajaratnam guilty verdict won’t “change the way Wall Street does […]
What do you do when the economy’s a disaster, things are getting worse, and nobody seems to give gives a damn? What do you do? This country has been divided […]
Big banks and credit card companies have made a PR misstep in the fight over debit card charges. They’re trying to use the Bush Administration’s anti-terror team to convince Americans […]
We let him define us for a decade, and now he’s gone. After a very American party, the crowds have gone home. Here’s one of the more printable Twitter quotes […]
Before President Obama announced Bin Laden’s death the big topic in Washington was the deficit. Pundits and politicians alike eagerly anticipated a possible “bi-partisan” budget-cutting deal forged by “selfless” Republicans […]
The President’s plane touched down at Tuscaloosa Regional Airport at 10 am this morning, local time. That’s Tuscaloosa, Alabama, USA. These are the moments that bring us together as a […]
Only two budget proposals are being ‘taken seriously’ in Washington right now. One adopts the rhetoric of “austerity economics,” that grab-bag of right-wing misconceptions that’s weakened the British economy and […]
It should have been the lead story from coast to coast: A bipartisan panel of senators, including some of that body’s most conservative members, released a damning report that slammed […]