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 […]
Rosemary Jenkins: Of distinct importance about Fair Trade is that neither child nor slave labor can be utilized—something one would think would be a no-brainer.
Ellen Brown: It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Tina Dupuy: Silicon-based food served with shiny plastic toys and a working poor forced smile seems slightly, well, phony. As does dubbing yourself modern and progressive.
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.
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.
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 […]
Dan Braun: Governor Brown has taken the design for an effective ladder out of poverty and fashioned a small stepladder for a handful of Californians.
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 […]
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 […]
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.”
James Rhodes: This company has survived wars and global economic depressions because they pull together. People are more important than profits.
Rosemary Jenkins: If we are ever to break the cycle of impoverished, unsafe, poorly educated, underemployed neighborhoods (about which so many of the better-off bitterly complain—particularly regarding “the tax burden”), we must act now.