by Robert Borosage | Dec 17, 2010 | Blog, Economy
From naked capitalism.com: "Given its degree of inequality, if New York City were a nation, it would rank 15th worst among 134 countries with respect to income concentration, in between Chile and Honduras. Wall Street, with its stratospheric profits and bonuses, sits...
by Robert Borosage | Dec 16, 2010 | Blog, Economy, Making it in America
The president kicked up his "corporate charm offensive," meeting for hours with 20 CEOs yesterday. Characteristically, he started with an apology for not "finding the right balance" in addressing business. "We want to be boosters," he said, because "when you do well,...
by Richard Eskow | Dec 16, 2010 | Blog
(This is the second in a two-part response to the attempted Republican sabotage of the Federal Crisis Inquiry Commission. Part One is here.) sabotage [ˈsæbəˌtɑːʒ] n. 1. the deliberate destruction, disruption, or damage of equipment, a public service, etc., as by enemy...
by Richard Eskow | Dec 16, 2010 | Blog, Financial Reform
A sleeper cell of four Republicans struck the Financial Crisis Inquiry Commission this week, escalating what had been previously been a campaign of covert obstruction into an overt act of sabotage. That act should be seen for what it is: A "denial of service attack"...
by Isaiah J. Poole | Dec 16, 2010 | Blog
It should come as no surprise that as a result of the worst economic downturn since the Great Depression, the economic insecurity of average Americans is at an all-time high. What should be shocking is the insistence of conservative policymakers on heightening that...
by Dave Johnson | Dec 16, 2010 | Blog
Already passed by the Senate, the House probably votes today (late addition -- maybe not) on extending the tax cuts for the rich and permanently cutting the estate tax to a very, very low level. It is hard to convey just how dispiriting this is to progressives who...
