Will The Senate Stop The Credit-Card Loan Sharks?

In Poultney, Vt., a small town near Lake St. Catherine near the Vermont-New York border, “Walter” had been running a small business during the summer for 43 years—until a rectangular […]
Isaiah J. Poole
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390 Years Minus 100 Days, Pt. 4 of 5

Now, what did he do that for? That was my first thought when our newly-minted attorney general reached for his own rhetorical handful of elephant, as in the previous examples. […]
Terrance Heath
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A Victory For Accountability

The decision by the House of Representatives on Wednesday to follow the Senate and vote for an independent commission to investigate the causes of the financial crisis is a significant […]
Isaiah J. Poole
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Did Derivatives Drive the Meltdown?

A World Bank economist is suggesting we need to concentrate less on the complexities of high finance and more on the noxious simplicity of our deeply unequal income distribution. Our […]

House Says Yes To Financial Crisis Probe

Two weeks after House Speaker Nancy Pelosi called for the creation of an independent panel that would investigate the causes of the current financial crisis, the House of Representatives has […]
Isaiah J. Poole
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The Bus Ride To Save American Manufacturing

Assembly-line workers and Michigan communities aren’t the only ones with a stake in a strong U.S. auto manufacturing industry. More than 7.2 million paychecks are tied to U.S. autos, ranging […]
Steven Capozzola
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The Subprime Rogues Who Bought Congress

A Center for Public Integrity report released today, “Who’s Behind the Financial Meltdown,” spells out how 25 of the country’s largest financial institutions fueled the subprime mortgage market that precipitated […]
Isaiah J. Poole
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Corruption Is Dangerous to Your Health

“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created—are still the most powerful lobby on Capitol Hill. […]
Robert Borosage
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Financial Crisis Investigation Closer To Reality

Progressives who have been campaigning for an independent commission to expose the causes of today’s financial crisis are about to score a major victory as early as Wednesday in the […]
Isaiah J. Poole
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Obama’s Wrong Note

During the presidential campaign, candidate Barack Obama spoke eloquently about race in America and its continuing relevance to our national progress. But at the press conference marking his first 100 […]
Alan Jenkins
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390 Years Minus 100 Days … And Counting

In many ways, the discussion of race in America, particularly as it relates to today’s issues (the economy, health care, education), brings to mind the parable of the blind men […]
Terrance Heath
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390 Years Minus 100 Days, Pt. 2

National Urban League head Mark Morial recently described the state of black America today as “the best of times and the worst of times.” He’s right. The inauguration of the […]
Terrance Heath
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Nowhere Man

“He’s a real nowhere Man, Sitting in his Nowhere Land, Making all his nowhere plans For nobody.” These lyrics to “Nowhere Man,” written and recorded in 1965 by John Lennon […]
Leo Gerard
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390 Years Minus 100 Days, Pt. 1

Many people — including the president himself — have mentioned the absurdity of judging Obama’s success at cleaning up messes that were decades in the making, based on his first […]
Terrance Heath
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We Saved The Estate Tax

Congress passed the budget resolution for 2010 yesterday. The biggest progressive policy victory has already been well reported: the ability for Congress to use budget rules to pass health care […]
Bill Scher
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The Far Right’s First 100 Days: Shifting Into Overdrive

Somewhere back in February, about three weeks into the Obama Administration, everybody on the left suddenly noticed that there was something different going on with the conservatives. The outrageous screeds […]
Sara Robinson
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Obama’s Grade at 100? What About Our Grade?

Grading a president after 100 days always strikes me as presumptuous. The only real grade is an incomplete. And as good teachers will tell you, letter grades—as opposed to written […]
Robert Borosage
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At The 100-Day Mark, Climate Is Losing

At the 100 Day mark of the Obama Era, climate protection is behind health care for all. This shouldn’t be and isn’t a contest. Solving both domestic crises is critical […]
Bill Scher
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The Financial Warning Almost Everyone Ignored

The warning, in retrospect, could not have been any clearer. It led to this unambiguous headline on CNN.com on September 17, 2004: “FBI warns of mortgage fraud ‘epidemic‘.” Assistant FBI […]
Isaiah J. Poole
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In Faceoff With Banks, “The Government Has Blinked”

Economist Simon Johnson, in an interview Friday on “Bill Moyers’ Journal,” makes the case for why the nation needs a tough, independent inquiry into the financial crisis similar to the […]
Isaiah J. Poole
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Can’t Ship Out Those Green Jobs

We’re giving up Styrofoam cups here at our building in Washington, D.C. Also doing an energy audit and taking a few other steps as a start toward making our building […]
Tula Connell
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Senate Backs Financial Crisis Investigative Panel

Momentum toward a Pecora Commission-style inquest into the roots of the financial crisis got a boost from the Senate on Wednesday when it approved an amendment to a financial fraud […]
Isaiah J. Poole
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Geithner Plan: Another Subsidy For The Rich?

The Obama administration this week got a warning shot across its bow against structuring a bank resuce plan that would amount to yet another taxpayer subsidy of the wealthy. It’s […]
Isaiah J. Poole
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Overall Cost Of Living “Constant” After Capping Carbon

The first congressional hearings regarding comprehensive clean energy and climate protection legislation were held yesterday, and the most important fact mentioned did not get much traditional media attention. When Energy […]
Bill Scher
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Arm the COP on the Bank Beat

“The decisions that are made in the next six months or so are likely to set the economic course of this country for the next 50 years,” says Elizabeth Warren, […]
Robert Borosage
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Torture, Accountability, and the Future

Article 1 of the International Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment provides, in simple terms, that “torture means any act by which severe pain […]
Alan Jenkins
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How To Get 60 Votes For a Carbon Cap

In an oped published Sunday by the Omaha World-Herald (and reprinted today by Grist), I argued for a climate compromise with the coal- and oil-state Senators needed for a 60-vote […]
Bill Scher
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Greider: Be Willing To Destabilize The Party

Journalist and author William Greider is urging the labor movement and other progressives to get tough with the Democratic Party, even if that means putting the party’s majority control in […]
Isaiah J. Poole
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An Ounce of Prevention, Pt. I

Hillary Clinton surprised me when she said, on a recent trip to Mexico, "Our insatiable demand for illegal drugs fuels the drug trade." Strong words, and far more sagacious than […]
Terrance Heath
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Taxing Matters

Tax Day. Fox News is flogging Astroturf “tea parties” underwritten by corporate lobbyists, while its pundits warn that raising the top income tax rate to the level it was under […]
Robert Borosage
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Time to Deliver: No Turning Back, Part II

Last week, in Part I of this short series, I talked about the three main scenarios that dominate progressive conversations about America’s future: 1) Permanent Decline — Due to Americans’ […]
Sara Robinson
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Should We Double the Tax Rate on the Rich?

We live in a sound-bite political culture. Politicos and policy makers hardly ever engage their opposite numbers in anything close to real debate. Instead, they inflict upon us carefully rehearsed […]

April 15: The Issue Is Fairness, Not Taxes

Tax day is coming, and people are sad. But the problem isn’t taxes. The problem is fairness. Who pays taxes, and who gets the benefits. Today the Institute for America’s […]
Eric Lotke
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