It's truly unbelievable: At no time in modern memory has the privileged class been richer, the middle class more endangered, or the number of people in poverty been so high. more »
It was a dream come true for the austerity crowd when Great Britain's conservative/"centrist" coalition government took power in 2010. And for commentators like Slate'sAnne Appelbaum it was that kind of dream. more »
Economic issues make some people's eyes glaze over, so we'll put this plainly: Today's minimum wage is epic in its injustice and Dickensian in its cruelty. It's a shame that Dickens himself isn't here to write about it.
Oh, and we almost forgot: Keeping it this low isn't very smart, either. more »
David Brooks says Obama's attacks on Romney's business record are "about capitalism." That's like saying an arrest for vehicular homicide is "about driving." more »
If only. If only Brian Moynihan designed fashionable shoes, Jamie Dimon pitched a mean slider, and Lloyd Blankfein had written the song "Boyfriend" for Justin Bieber. Then they'd prosecute bank fraud. more »
A new survey showing the extent of bankers' criminal inclinations, together with the "LIBOR" scandal, gives us more insight into how deeply corrupt the banking industry has become. more »
In the ongoing scandal about Barclays' employees tampering with the "LIBOR," or London interbank lending rate - which is to say, bank fraud - The Economist offers this brilliant cover. It's not just the word "banksters," or the fact that it shows bank executives dressed like the guys in Reservoir Dogs. It's the little things, like the two guys whispering to each other, the two others on their cell phones, and - best of all - the fact that they're wearing typical bankers' power ties.
A recent court case proves what many of us have long suspected: Big banks have been ripping off this nation's towns and cities for years in an old-fashioned racketeering scam. We ran some numbers to see how much this criminality might have cost the American people.The answer? Billions. more »
Remember the "superpredators"? They were the supposedly super-violent youngsters of dark complexion that conservatives kept screaming about in the 1990s. We were told they were about to unleash an unprecedented wave of vicious crime any day now. more »
New York State's Attorney General told an audience at the Take Back the American Dream Conference that we need a "transformational politics" that will change the way we look at ourselves, our society, and our economy. more »
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