Did the Occupy Movement Actually Happen?

occupy la eviction

Randy Shaw: Even its critics thought the Occupy movement raised important questions about dramatically rising income inequality in the United States. And that’s why I doubt Obama would be considering Summers if the Occupy movement were still dominating the public debate.

Making the World Safe for Banksters: Syria in the Cross-Hairs

syrian cash

Ellen Brown: Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.

Larry ‘The Great Unifier’ Summers — Of People Who Oppose Larry Summers

larry summers

Richard Eskow: I takes a special kind of magic to bring together groups as diverse as progressive Democrats, Californians, conservative Republicans, feminists, a number of prominent economists, and a large chunk of the global investment community.

Paul Krugman Heading to White House Job?

paul krugman

Charley James: Reports surfaced today that Nobel Prize Winning economist Dr. Paul Krugman will be offered the job of chairman for the White House Council of Economic Advisors.

Vulture Capitalism: Both Parties Want to Stay on Wall Street’s Good Side

cory booker

Joseph Palermo: The evidence is mounting that the 1 percent controls both of our major political parties. And now the corporate wing of the Democratic Party is getting pissy about the “tone” that its standard bearer is showing toward vulture capitalism?

World Bank: Drastic Reformer Needed to Right a Failing Agenda

world bank

Matt Kavanaugh: The blogsophere and Washington rumor-mill are working overtime right now on the question of who might be the next president of the World Bank.

How Debt Ceiling Crisis Reelects Obama

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Tom Hall: The mainstream media has had little to say about Obama’s accomplishments. Why would they? The mainstream media is owned by, and serves, a handful of huge corporations in New York.

Obama’s Progressive Blacklist

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Randy Shaw: In bypassing Elizabeth Warren, it is now clear that Van Jones’ appointment was a complete aberration, and that Obama imposed a progressive blacklist from the start

Which Democrats Are Being “Divisive”?

rachel maddow

Paul Hogarth: Barack Obama and Joe Biden are upset at progressive Democrats. But which Democrats are being divisive?

Recession Is Over! (If You Want It)

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Joseph Palermo: The National Bureau of Economic Research tells us the Great Recession is “over.” The only thing this announcement reveals is just how out of touch and compassionless those who view human society through the lens of quantitative measurements can be.

Theory of Blacks’ Intellectual Inferiority Rears Ugly Head at Harvard

Slavery

We all know affirmative action is a hot-button issue. At a basic level, it’s an attempt to take race, gender, and ethnicity (to name a few factors) into consideration to promote a level playing field for all. But the sub-text in all affirmative action debates is the fallacious belief that blacks selected to benefit from it are hopelessly and helplessly genetically inferior — that their DNA is chromosomally deficient, if not defective.

Financial Reform Too Small to Succeed

wall street reform

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.

From an Economy of Consumption to an Economy of Sustainability

Walter Moss: As we face the simultaneous challenges of creating more jobs and a more sustainable environment for our children and grandchildren, are we not capable of new thinking? Are we not capable of demonstrating that yes, we can evolve toward an economy that evidences more of what Schumacher thought it should — Beauty, Truth, and Goodness?

Time to Cut Goldman Sachs and Pals Down to Size

Joseph Palermo: In 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown , Simon Johnson and James Kwak point out that in September 2008 the high-flying masters of the universe were at their weakest point and had no choice but to do whatever the government demanded of them. Never mind the supreme irony of Wall Street bankers who claimed government had no place interfering in the miracles of the market begging the government to save them, it was at that time when we should have cut them down to size.

Greenspan, Summers, and Why the Economy Is So Out of Whack

Alan Greenspan

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.

LA Progressive: January 3 to 9, 2010 — Articles

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Articles from Jonathan David Farley and A.J. Stone, Georgianne Nienaber, Andrea Christina Nill, Colin Gordon, Carl Bloice, Gene Rothman, Carl Matthes, Ivan Eland, Rev. Irene Monroe, Randy Shaw, Joseph Palermo, Denis Campbell, Paul Hogarth, Harry Mok, Ron Wolff, Marcy Winograd, Robert Reich, Tanya Acker, Emily Spence, Wayne Karlin, S. Blair Fox, Marc Stein, Dick Price & Sharon Kyle

Inequalities: When the Larry Summers of Our Discontent Said XX < XY in Math and Science

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Jonathan David Farley and A.J. Stone: In our culture, it may be that math is less appealing to girls. To change this equation, actress Danica McKellar has written math textbooks with covers resembling Cosmo, and Austrian artist Peren Linn has designed jeans with Fermat’s Last Theorem imprinted on them, to merge elliptic curves with feminine ones.

Wall Street and Goldman Sachs Party On

Goldman

It’s ironic that all we hear on FOX News and right-wing talk radio is how “socialistic” the Obama Administration is when in reality the way the administration has handled the Wall Street crisis is anything but “socialistic.”

Why You Should Work for a Hedge Fund

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Just because I lost a big chunk of my total retirement savings over the last year doesn’t mean I should be upset that 25 hedge-fund managers reaped a total of $11.6 billion during the same interval, according to Institutional Investor’s Alpha Magazine — including $2.5 billion for James Simons of Renaissance Technologies and $2 billion [...]

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