Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.
Manisha Thakor: “How Should I Invest?” are the four most dangerous words to your portfolio. The answer to that question is often given as if one size fits all, when it’s anything but. To protect yourself, here are 5 things to think about to make sure your hard earned money is invested in a way that is appropriate for your specific situation.
ANOTHER !! Oil Rig Explosion in the Gulf of Mexico National Public Radio, the New York Times, CNN and other media outlets are reporting that another offshore oil rig exploded in the Gulf of Mexico. According to the reports, the explosion occurred 80 miles off the coast of Louisiana, just east of the Deepwater Horizon [...]
Robert Reich: The real problem isn’t partisanship. Bold views and strong positions are fine. Democratic debate and deliberation can be enhanced by them. The problem is the intransigence and belligerence that has taken over Congress and much of the rest of the public — a profound distrust of people “on the other side,” an unwillingness to compromise, a bitterness and anger disproportionate to issues being discussed.
It’s amazing that even after the entire Wall Street house of cards collapsed a year ago requiring the public sector to rescue the private sector these fierce advocates of free-market fundamentalism can still show their faces in public, let alone gather to rail against the evils of the government that saved their asses.
On June 29th, Dylan Ratigan, the former host of CNBC’s Fast Money, will premiere his new show, The Meeting With Dylan Ratigan, to air Monday through Friday at 9 a.m. on MSNBC. The show will address a variety of topics spearheaded by Ratigan, its pugnacious fast-talking star, who as the video below will demonstrate, offers [...]
Thanks to the Syracuse Post-Standard we have a fascinating glimpse into the mind-set of tea baggers spurred into action last week by Fox News’ increasingly deranged secessionist Glenn Beck and yo-yo’s like CNBC’s Brooks Brothers populist Rick Santelli. The Syracuse daily spotlighted a local organizer to give its readers a sense of who took to [...]
Barack Obama has been President for eight weeks, and much of the traditional media remains incapable of making sense of his agenda. In one corner we have hosts like Hardball’s Chris Matthews, who appears to be compensating for pro-Obama campaign comments by giving excessive voice to the president’s critics. Or we have CNN’s John King, [...]
Is Obama responsible for the meltdown of the Dow? The consistently wrong-headed Wall Street Journal‘s editorial page says so, as does Republican Fox News, CNN’s reliably demagogic Lou Dobbs, and now CNBC (where, full disclosure, I frequently appear as a token liberal). CNBC’s Jim Cramer, who bloviates nightly about stock picks, says Obama is pushing [...]