Budget Shocker: L.A. Shows $119 Million Surplus

downtown la

Gary Cohn: The reasons for Los Angeles’ comparatively good financial condition include a legal groundwork laid years ago that required specific funding safeguards, recent give-backs from public sector unions and an improving economy.

Casino Mogul Doubles Down Against Unions

sheldon adelson

Steven Mijulan: Sheldon Adelson, the gnomish, ginger-haired casino magnate who threw more than $150 million after Mitt Romney, Newt Gingrich and other candidates in 2012, let it be known to the house organ of the One Percent that he plans to double the amount he spent in 2012 in upcoming elections.

Why Democrats Are Winning

barack and bill

Brent Budowsky: MDemocrats are attuned to the tectonic plate of American politics in 2012. Rightist- dominated Republicans, who have offended too many voters on too many issues and demonized even moderates in their own party, are at war with it.

The Bill Clinton Mega-Bounce

barack and bill

Brent Budowsky: Nobody remembers what Mitt Romney said at his convention, but everybody remembers what Clinton said at the Democratic convention, which gave Obama a mega-bounce that has lasted for more than a week.

Walmart Dodges African “Blood Minerals” Rule

blood diamonds

t must have seemed like a good idea at the time, when Senators Chris Dodd and Barney Frank drew up the landmark regulatory bill that bears their names. One of its lesser-known provisions required U.S. companies to list the inclusion of any “conflict minerals,” mined in or near the violence-plagued Democratic Republic of the Congo, [...]

Crow and Humble Pie

lawrence o'donnell

Berry Craig: Not until after the polls are closed on November 6 and the TV news networks declare my candidates the winner will I say, “when they lose.”

The Way to Occupy a Bank Is to Own One

occupy la

Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.

Europe’s Central Bank Fiddles While Rome Burns

eurozone crash

Ellen Brown: The burgeoning debts of the Eurozone countries are being blamed on their large welfare states, but these social systems were set up before the 1970s, when European governments had very little national debt. Their national debts shot up, not because they spent on social services, but because they switched bankers.

Restore the Basic Bargain

ford assembly line

Robert Reich: New data from the Commerce Department shows employee pay is now down to the smallest share of the economy since the government began collecting wage and salary data in 1929.

Looking Beyond Election Day

dollar chicken

Robert Reich: Political elites are worried about thunder on the right and the left, but they show scant understanding of what these growing anti-establishment forces signify. Meanwhile, the nation drifts.

A Jubilee for Student Debt?

student loan debt

Ellen Brown: Eliminating, reducing, or deferring student loan debt will free up the budgets of millions of students, allowing them to spend more on goods and services, increasing demand and creating jobs, and adding to tax revenues.

Occupy Fox!

What do survivors of 9/11, David Beckham, and Paul McCartney have in common? They all claim their phones were hacked by Rupert Murdoch’s News Corp. in a scheme to obtain personal information, which allegedly involved bribing police.

Stock Tip: Be Worried. Workers are Consumers.

Iranian medical delegation at the Agent Orange conference in Hanoi.

Robert Reich: Every CEO of every company that continues to squeeze payrolls (Verizon, are you listening? Ford?) needs to understand they’re shooting themselves in the feet. Where do they expect demand for their products and services to come from?

Obama’s Disappointing Peace Plan

afghanistan_withdrawal-wide

Rebecca Griffin: Unfortunately, the president’s plan allows the war to last indefinitely and leaves in place almost twice as many troops as when he came in office. The American and Afghan people will pay the price for prolonging this disastrous policy.

Fiorina And Whitman Staffers Warn That Republicans Face ‘Political Suicide’

carly_fiorina-wide

Andrea Nill: Those who are pressuring Obama to use his authority to halt the deportations of undocumented youth and people with children who are U.S. citizens have warned the White House about how the Obama administration’s immigration policies might hurt the President’s prospects in 2012.

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