Dan Bluemel: Upset with Wells Fargo’s foreclosure practices, protesters held a demonstration on May Day that briefly shut down one of the bank’s branches in downtown Los Angeles.
Lauren Windsor: Apparently the good life does not extend to Wal-Mart’s workers–half of the company’s one-million American hourly employees earn less than $10 per hour.
Robert Reich: If any three people are most responsible for the failure of financial regulation, they are Greenspan, Larry Summers, and my former colleague, Bob Rubin. In 1999 they advised Congress to repeal the Glass-Steagall Act, which since 1933 had separated commercial from investment banking. By 1999, Wall Street was salivating over such a repeal because it wanted to create financial supermarkets that could use commercial deposits to place bets in the financial casino. That would yield the Street trillions.
I’ve made no secret of my dislike of House Majority Leader John Boehner and his obstructionist approach to being a major voice of a minority party. But I always figured, what the hell, maybe there’s a method to his madness. Well, there’s madness afoot alright but of a different sort. “Man Tan” Boehner, one of [...]
by T. Christian Miller, ProPublica and Doug Smith, the Los Angeles Times Civilian workers who suffered devastating injuries while supporting the U.S. war effort in Iraq and Afghanistan have come home to a grinding battle for basic medical care, artificial limbs, psychological counseling and other services. The insurance companies responsible for their treatment under taxpayer-funded [...]
Two weekends ago, a number of right-wing clergypersons took to their pulpits to endorse John McCain, in violation of Internal Revenue Service regulations. Though I disagree with their positions, my admiration goes to those conservative clerics for standing up for what they believe. Yes, they should lose their tax exemptions — I believe religious institutions [...]