U.S. Trade deficits with China since 2001

In 2005, China incrementally budged its currency after heavy pressure from the U.S. The move was expected to “trim the trade gap” between the two countries. Unfortunately, that didn’t happen, […]
Steven Capozzola

Break up the Big Banks

Naked Capitalism posts a great blog from George Washington of the Washington Blog arraying the authorities who have now come out for breaking up the big banks. Everyone from small […]
Robert Borosage

Finally! The SEC Charges a Big Bank With Fraud

Finally! Nearly two years after one of the worst financial crashes in history—and nearly three years after the crisis broke out—the SEC has charged a major bank with accounting fraud. […]
Zach Carter

10 Questions For John Dugan and John Hawke

The Office of the Comptroller of the Currency (OCC) is the top bank regulatory agency in the United States. It oversees the largest banks in the country, and completely failed […]
Zach Carter

Trading Jobs For Diplomacy?

The Obama administration appears to have backed off from pressuring China to revalue its currency, for now, likely in exchange for diplomatic concessions including helping to pressure Iran on nukes. […]

10 Questions for Robert Rubin and Chuck Prince

Robert Rubin and Chuck Prince ran the financial giant Citigroup in the years leading up to the Great Financial Crash of 2008. Together, their leadership proved so disastrous that the […]
Zach Carter

Rights at Home

Mossville, Louisiana is an historic African American community in the southwest part of the state. Like too many similar communities around the country, it is surrounded by 14 industrial facilities […]
Alan Jenkins

Social Security Works for Veterans

– Veterans and their families make up almost 40 percent of the adult Social Security beneficiary population, which means two out of every five either are veterans or reside with […]
Alex Lawson

Big Weekend News On China Currency Problem

While publicly saying that China is manipulating its currency — a very big deal — Treasury Secretary Geithner announced over the weekend the administration is getting around the problem of […]

None Dare Call It Sedition

Sedition: Crime of creating a revolt, disturbance, or violence against lawful civil authority with the intent to cause its overthrow or destruction — Brittanica Concise Dictionary Well, finally. It’s high […]
Sara Robinson

Another Gangbuster Year for CEO Pay

Don’t be fooled by all the poor-mouthing around the latest annual executive pay surveys. With Washington dithering on CEO pay reform, chief execs still have plenty of reason to celebrate. […]

Paul Krugman is Wrong About the Big Banks

I rarely accuse Paul Krugman of failing to think clearly, but he’s missed the mark with his his argument against breaking up the U.S. too-big-to-fail financial oligarchy. Here’s Krugman’s core […]
Zach Carter

Rising From ACORN’s Fall

News reports today that California Attorney General Jerry Brown did not find cause to prosecute workers for the community group ACORN who were caught in a sting orchestrated by a […]
Isaiah J. Poole

Fairly Unbalanced

OK. This is truly getting tiresome. I know the media is making an attempt to be "fair and balanced" in writing about the threats of violence against Democratic lawmakers after […]
Terrance Heath

Will the Chinese Play the U.S. Once More?

With pressure building on the administration to tell the truth on China’s currency manipulation, and a report required by law on April 15, the Chinese government demonstrated just how sophisticated […]
Robert Borosage

Jamie Dimon’s Assault on the Economy

The latest letter from J.P. Morgan Chase CEO Jamie Dimon to his company’s shareholders is a deliberate effort to obfuscate his own bank’s rapaciousness and deflect attention from the enormous […]
Zach Carter

Jobs Report: A Call To Action

Moments after the Bureau of Labor Statistics released its report that the economy produced 162,000 jobs in March, this statement was issued on Capitol Hill: ““Any report showing that the […]
Isaiah J. Poole

Pressure On Wages As Well As Jobs

Our economy is not structured to produce enough jobs. Tomorrow’s jobs report is expected to show as many as 200,000 jobs created in March, but a lot of that is […]

End the Denial; Label China a Currency Manipulator

America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. In mid-March, Chinese Prime Minister Wen […]
Leo Gerard

Treasury Sec. Geithner Visits Pennsylvania Today

As the Pittsburgh Post Gazette is reporting, U.S. Treasury Secretary Tim Geithner is scheduled to visit Pittsburgh today, where he will be “greeted by a chorus of calls to bolster […]
Steven Capozzola

Focus, Focus, Focus: Jobs, Jobs, Jobs

The economy is said to be recovering, but the people are not. The jobs are gone, and haven’t started to come back. Twenty-five million people are in need of full-time […]
Robert Borosage

Dear Deficit Commission, It’s Not Hard

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You May Have Missed Your ‘Tax Freedom Day’

Are you gearing up for this year’s “Tax Freedom Day” on April 9? If you’ve penciled in that date based on a report released today by the conservative Tax Foundation, […]
Isaiah J. Poole

So Much for “Law and Order” Conservatism

There’s only thing slightly less shocking than the arrest of nine members of the Hutaree Christian militia for plotting to plotting to kill law enforcement officers (with IEDs). That’s conservative […]
Terrance Heath
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