by Robert Borosage | Jan 4, 2013 | Economy
The December Jobs Report is a warning to Washington: This economy is growing – with 155,000 new jobs and 7.8 percent unemployment. But that’s barely enough to cover the new workers coming in to the workforce. Now every working American will face an increase in their...
by Robert Borosage | Jan 3, 2013 | Minimum Wage, The Sequester
Washington is careening off the fiscal cliff smack into the debt ceiling. These mind-numbing mixed metaphors are not the currency of a well-governed nation. Once more, Washington is fixated on what and how to cut. Once more, the media is clamoring for a deal, for...
by Robert Borosage | Jan 1, 2013 | Economy, Minimum Wage, The Sequester
Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House. The deal has some good parts. It lets the Bush tax cuts expire on the wealthy, raises the estate tax marginally and increases...
by Robert Borosage | Dec 14, 2012 | Blog, Financial Reform, Too Big To Jail
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department's apparent policy of giving big bankers a "get out of jail free" card. As he notes British bank HSBC admitted to serial...
by Robert Borosage | Dec 14, 2012 | Blog
Big Banks are famously too big to fail, too big to manage, and too big to prosecute. Now a recent report by the OCC details that they fail to meet even minimal standards of sound management. Even after blowing up the economy, getting a multi-trillion dollar...
