Posts tagged Financial
Nasdaq stocks posting largest percentage decreases
Jun 25th
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: Lightbridge Corp. fell 15.5 percent to $8.02. Synalloy Corp.
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Loading ...U.S. Health Care Expensive And Underperforming: Study
Jun 24th
We’ll have to wait and see how well the United States men’s soccer team fares now that they are in the knockout stages of international competition at the World Cup, but if there’s one thing we can all take pride in is the fact that we are the Champions of Health Care! Top prize goes to the system that best combines mediocrity with stratospheric costs, right? No? Well, that’s bad news then, because according to a new study by the Commonwealth Foundation that relieves health care reform proponents of having to cite outdated statistics from the World Health Organization, that’s precisely the sort of health care we have
(No Ratings Yet) Loading ...Mary Kay Henry: What Workers Want
Jun 23rd
Last month, I marched arm in arm through the streets of Washington, D.C.
(No Ratings Yet) Loading ...Jonathan Weiler: President Obama, Ronald Reagan and Our Fraying Social Contract
Jun 22nd
In his brilliant book, Perfectly Legal , David Cay Johnston laid out in depressing detail the degree to which tax policy in the United States over the past generation has been re-jiggered to deepen and protect the mounting wealth of the super-wealthy.
(No Ratings Yet) Loading ...Joe Barton: The Vultures Circle
Jun 21st
Joe Barton’s fate rests with the voters, though they don’t have to wait until November to weigh in. Republican leadership aides say that Barton’s ability to remain the senior-ranking Republican on the House Energy and Commerce Committee depends on what GOP members hear from constituents back in their districts about Barton’s apology to BP on Thursday, according to House Republican leadership aides. Those members will report back Tuesday evening, when the House returns to business
(No Ratings Yet) Loading ...Richard (RJ) Eskow: Simpson’s Social Security Video Rant: Why It’s Important
Jun 19th
A video of retired Sen. Alan Simpson’s foulmouthed rant toward activist Alex Lawson is making the Internet rounds, as well it should: The sheer audacity and rudeness of the guy makes this clip “must-see TV.” It’s a political bloopers reel (it can be seen at the bottom of this post)
(No Ratings Yet) Loading ...Jeff Faux: Unemployment; The New "Washington Consensus"
Jun 18th
The Washington Consensus is a term long used for the harsh austerity imposed by the International Monetary Fund and other lenders on troubled third world economies. Under its dictates, unemployment and lowered incomes, rather than being the problems of insufficient economic growth, are its solutions.
(No Ratings Yet) Loading ...Rep. Luis Gutierrez: Time for Wall Street to Ex Ante Up!
Jun 18th
If you have been watching the conference committee deliberations on finance reform on C-SPAN, you know the debate has included a discussion of the ex-ante fund.
(No Ratings Yet) Loading ...Colleen Turner: What Your Mainstream Media Isn’t Telling You About Afghanistan
Jun 17th
A CBS Evening News ”report” on Afghanistan this week simply gave an account of our casualties–just like during the Vietnam War.  Haven’t we learned from our past?   We don’t need a rosy picture painted for us, but we do need to know beyond a body count what is working there along with what is not.
(No Ratings Yet) Loading ...Congressional Leaders Making Plenty Of Money, Many Are Heavily Invested In Stock Market
Jun 16th
WASHINGTON — House Republican leader John Boehner bought BP and other oil company stock last year while other lawmakers were a little more fortunate, getting rid of BP stock before the oil spill caused the environmental disaster in the Gulf. Annual financial disclosure reports released Wednesday revealed that Boehner last December sold a retirement plan in the company he once ran in Ohio, taking in between $1,000,001 and $5 million.
(No Ratings Yet) Loading ...Carolyn Lukensmeyer: A National Discussion Our Founding Fathers Would Love
Jun 16th
On Saturday, June 26th, America Speaks , along with partners across the nation, will convene an unprecedented and historic National Town Meeting to find common ground on long-term solutions to address our nation’s long-term fiscal challenges. There is a long and proud history of Americans coming together to discuss and dream of solutions to national challenges, beginning with New England Town Meetings, many of whom date back before the founding of our nation. Town meetings provided a practical, democratic means through which local communities across our young nation came together to govern
(No Ratings Yet) Loading ...Kevin Zeese: Disappointing Finance Bill Still Has Issues Worth Fighting For
Jun 16th
The financial reform bill in its final stages of legislative action did not break up the big banks, re-instate Glass-Steagall, reign in bonuses and executive salaries, stop the usury rates for pay day loans and credit cards, nor did it require re-making of mortgages in light of the housing collapse, but there are still some key issues worth fighting for – issues the big banks and, too often, the Obama administration, are trying to remove from the bill. Right now the conference committee is holding behind closed door negotiations where bank lobbyists through big bank friendly lawmakers are trying to strip key reforms from the bill
(No Ratings Yet) Loading ...Joseph A. Palermo: Obama’s "Fireside Chat" (FDR or Jimmy Carter?)
Jun 16th
For well over a year now I’ve been wondering why President Barack Obama, (who is a talented communicator and a student of history), failed to recognize Franklin Delano Roosevelt’s example of the necessity of speaking directly to the American people. Tonight, at long last, Obama gave his first “fireside chat.” He should have done so long ago to clarify his efforts to reform the financial sector, as well as to explain his stimulus package and health care initiatives. (A weekly Youtube talk is no substitute for a primetime Oval Office address.) His passivity allowed his political opponents, including well-heeled Wall Street and health insurance interests, to define the narrative on their terms
(No Ratings Yet) Loading ...Richard (RJ) Eskow: Big Banks vs. American Businesses: "Section 716" Forces Congress to Choose
Jun 15th
It can be hard to grasp all the details of Section 716, the Senate provision that would force big banks to spin off their swap desks, but the principle isn’t that complicated: Banks that get access to discounted money from the Federal Reserve, or federally-guaranteed deposit insurance, shouldn’t be able to gamble with them. And the four huge institutions that dominate the derivatives market shouldn’t use the implicit guarantee of a taxpayer bailout as a license to act recklessly.
(No Ratings Yet) Loading ...Robert Kuttner: Don’t Blame the Dream of Home Ownership
Jun 14th
Here is a fable that is making the rounds.
(No Ratings Yet) Loading ...Patt Cottingham: Goodbye/Hello 18 "Make Sure That This Never Happens Again"
Jun 13th
2010 will go down as the year the phrase “Make Sure That This Never Happens Again” was the constant refrain. We heard this is the financial banking fiasco, the mortgage meltdown, and the BP gulf oil spill environmental and economic catastrophe.
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