Ruling in Alex Sanchez Case Expected Soon

alex sanchez

The US 9th Circuit Court of Appeals is close to ruling on key portions of the Alex Sanchez case involving prosecution conflicts-of-interest and double jeopardy issues. Meanwhile, two-and-one-half years after the initial arrests, the top lawyers for both sides are leaving the case. Sanchez has been out on bail since January 2010 after the 9th [...]

A Call to Arms for Wealthy Progressives

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Brent Budowsky: It is time to say we will not let America go, and fall under the one-party state domination of a right-wing extremism that uses words like “liberty” in the service dark visions that would make our Founding Fathers cringe with horror.

“Why Is the Media So Anti-Union?”

ill Londrigan, president of the Kentucky State AFL-CIO, leafletting Louisville packing plant. (Photo: Mandy Dixon)

Berry Craig: Generally, the smaller a paper or TV or radio station is, the greater its bias against unions. Their anti-unionism is sometimes as plain as their front doors, which are often plastered with decals or stickers proudly proclaiming chamber membership. The fact that the chamber is openly pro-business and anti-union apparently doesn’t trouble local media owners about conflicts of interest.

Financial Reform Too Small to Succeed

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Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.

Why Wall Street Reform Is Stuck in Reverse

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Executives and traders on the Street have become the single biggest sources of money for Democrats as well as Republicans. And with mid-term elections looming next year, you can bet every member of Congress has a glint in his or her eye directed at the Street.

Does the Obama Plan for Reforming Wall Street Measure Up?

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In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead [...]

The Three Essentials of Financial Reform

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As the White House unveils its long-awaited proposals to prevent another Wall Street meltdown in the future, keep a lookout for three essentials. Without them the Street will revert to its old ways as soon as the coast clears. In fact, now that the government has bailed out the Street, the biggest banks will take [...]