Archive
Progressive Breakfast
Questions Swirl Around Bank of America Settlement $16.65B settlement "Less Painful Than It Looks" finds NYT: "The actual financial burden for Bank of America, however, may not exceed $12 billion ... Bank of America wrote down many of its troubled mortgages years ago....
UPDATE: The Bain and Blackstone IPO for Michael’s Stores
The much-lamented lack of transparency around private equity deals makes it difficult to figure out the precise returns to the pension funds and other limited partners in the Bain and Blackstone funds.
A Simple Plan To Balance Trade And Bring Back All Those Jobs
Trade is supposed to be balanced. Instead we have been running continuing trade deficits since the late 1970s. A former assistant Commerce secretary has offered a new plan for balancing trade.
The Dirty Little Secret of How CEOs Enrich Themselves at Your Expense
Everyone is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? Business expert William Lazonick answers with a clarion call for changing the way America does business.
Robots Are People, Too
Is it true that the future "doesn't include jobs for humans"? We should be asking a different question: Will the next automation transformation be managed wisely and fairly for everyone, or just for the benefit of an elite?
Progressive Breakfast
Fed Debates End of Stimulus Fed officials to debate ending monetary stimulus sooner at retreat. NYT: " An increasingly vocal minority of Federal Reserve officials want the central bank to retreat more quickly from its stimulus campaign, arguing that the bank has...
Back To Schools White People Cannot See
As the season for new school openings rolls out, there are reasons for a new consciousness-raising about those schools that can be brought about when there's a shock to the system like Ferguson, Mo.
The Fed Should Be Meeting In Ferguson, Not Jackson Hole
Ferguson, Mo., is actually a much better place from which to understand the consequences of the past six years of economic policies. Ferguson residents would tell them that they need a full-employment economy.
GOP Vows To Dismantle Or Shut Down Government If They Win Senate
If the President tries to stop their effort to dismantle the government they will resort to their time-tested fall back position: just shut down the government. And, of course, blame anyone but themselves.
Ferguson Exposes the Creeping Militarization of Police Forces
Where did Ferguson's police get their military weapons and attitude? From the Pentagon. Your town and mine are being militarized too. Your town and mine are being militarized too. We must halt this perversion of policing.
