RJ Eskow: There was a time in the not-so-distant past when working people were able to consider retirement at the age of 60 or 62. But households that saw their net worth gutted by the financial collapse can no longer consider that option.
Richard Eskow: Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense.
Bruce Reilly: 2013 is poised to become the most important year of the subprime aftermath. The five-year statute of repose, the window within which cases are arguably eligible under the Securities Act, will close.
Mark Ruffalo: A Robin Hood Tax would raise revenue from Wall Street while reigning in their worst excesses — helping to rebalance the American economy.
Shamus Cooke: The banking oligarchy is so intertwined with the political and economic establishment that real regulatory change cannot happen until the system itself is transformed from below, by a powerful social movement. Pleading to politicians to fix so-called Casino Capitalism is increasingly naive.
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.
Mark Naison: If I dare to dream, I can see where this collaboration between Occupy and Labor might lead—to the unionization of Wal-Mart, to the unionization of McDonalds, to the unionization of financial services workers in the nation’s largest banks.
Marian Wang: According to a now-departed Justice Department official who used to be in charge of investigating such matters, the Justice Department has decided that holding top Wall Street executives criminally accountable is too difficult a task.
Brent Budowsky: Great presidents know the difference between empty public gimmicks and game-changing public policy. They demand creative ideas, not mediocrity or defeatism, from those who advise them.
Paul Kiel: Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors.
John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.