Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.
Julie Driscoll: Cantor can continue to talk out of both sides of his mouth in an effort to re-brand Republican “messaging,” but the proof is in the pudding: Anyone who votes consistently against rights for same sex couples is a bigot, small-minded, and destined to stay that way.
Ellen Brown: Interest rate swaps are now over 80 percent of the massive derivatives market, and JPMorgan holds about $57.5 trillion of them.
Tina Dupuy: Like the Egypt and Tunisia uprisings, Occupy Wall Street are youths worried about their futures’ downgrade. It’s about the lack of prospects in the “land of opportunity.”
Brent Budowsky: Rick Perry’s impersonation of Ron Paul is caused by Perry’s panic while his campaign collapses, while terrified Republicans try to entice the freshman governor and unqualified Chris Christie to enter the race.
Tina Dupuy: Over 16.5% of Americans are employed by the government, about 22 million of the 135 million payroll jobs. And they’re not just pencil-pushing, useless cushy benefit collectors – but scientists.
Tina Dupuy: When did Canadians out Norman Rockwell us? From the perspective of my couch they seem to be living very well with the evils of socialism. Canada consistently outranks us in quality of care and that impacts our quality of life. They have lots of guns and low gun violence. Their banks didn’t cause a housing bust so their economy is comparatively doing fine.
Manisha Thakor: “How Should I Invest?” are the four most dangerous words to your portfolio. The answer to that question is often given as if one size fits all, when it’s anything but. To protect yourself, here are 5 things to think about to make sure your hard earned money is invested in a way that is appropriate for your specific situation.
Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.
ANOTHER !! Oil Rig Explosion in the Gulf of Mexico National Public Radio, the New York Times, CNN and other media outlets are reporting that another offshore oil rig exploded in the Gulf of Mexico. According to the reports, the explosion occurred 80 miles off the coast of Louisiana, just east of the Deepwater Horizon […]
Tina Dupuy: Cable news starts with a story, removes the grain and nuance then mainlines the fury. It’s all high-fructose hyperbole all the time.
Robert Reich: The real problem isn’t partisanship. Bold views and strong positions are fine. Democratic debate and deliberation can be enhanced by them. The problem is the intransigence and belligerence that has taken over Congress and much of the rest of the public — a profound distrust of people “on the other side,” an unwillingness to compromise, a bitterness and anger disproportionate to issues being discussed.
It’s amazing that even after the entire Wall Street house of cards collapsed a year ago requiring the public sector to rescue the private sector these fierce advocates of free-market fundamentalism can still show their faces in public, let alone gather to rail against the evils of the government that saved their asses.