The Alice in Wonderland World of Fast-Tracked Secret Trade Agreements

Secret Trade Agreements

“Sentence First, Verdict Afterwards” `Let the jury consider their verdict,’ the King said, for about the twentieth time that day. `No, no!’ said the Queen. `Sentence first–verdict afterwards.’ `Stuff and nonsense!’ said Alice loudly. `The idea of having the sentence first!’ `Hold your tongue!’ said the Queen, turning purple. `I won’t!’ said Alice. `Off with […]

How to Punish Bank Felons

Punish Bank Felons

View image | gettyimages.com hat exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing. But it will if California’s Santa Cruz County has any say. First, some background. Five giant banks – including Wall Street behemoths JPMorgan Chase and Citicorp – recently pleaded […]

Deciding Which Side Is Crazy

Banks Own Us

Steve Hochstadt: The differences between the policies of Ronald Reagan and Barack Obama are enormous, but both the conservative Reagan and the liberal Obama allowed the giant banks to run the American economy in their own interests.

Whatever Happened to Antitrust?

Antitrust Laws

Robert Reich: We’re now in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted. But unlike then, today’s biggest corporations have enough political clout to neuter antitrust.

Derailing Amtrak: Tracking the Latest Disaster in the Infrastructure Crisis

Derailing Amtrak

he dangerous underfunding of US infrastructure was underscored by a fatal train derailment on May 12th. The tragedy did not deter the House Appropriations Committee from voting to slash Amtrak funding the very next day. There are ways Congress could fund its massive infrastructure bill without raising taxes. But the conservative-controlled Congress seems to have […]

Two Paths for Social Security

Future Social Security

View image | gettyimages.com n 2005 President George W. Bush and his fellow Republicans were hard at work trying to privatize Social Security. Their proposal would have replaced much of this guaranteed-benefit program with a plan that would have invested its funds in privately managed accounts instead. That would have been a massive payday for […]

Austerity and the Amtrak Crash

Amtrak Crash

View image | gettyimages.com ithin hours of the deadly Amtrak crash in Philadelphia, the US House of Representatives voted, in committee, to slash another $252 million from Amtrak’s budget – a 15% slash from last year’s funding for Amtrak. This “austerity” craze is insanity. Amtrak set another record for ridership increase in 2014, and an […]

Is Momentum Building to Fix Prop. 13?

Fix Prop 13

Bobbi Murray: “Most people don’t even realize that commercial property is part of Prop. 13 and certainly don’t realize that there is this minority of corporations and wealthy individuals that are essentially paying 1975 levels of property taxes.”