FOIA documents reveal coordinated effort between Obama administration and Wall Street lobbyists to deliver unprecedented benefits for financial industry. WASHINGTON – Today, activist organization Rootstrikers criticized collusion revealed in new FOIA documents between US Trade Representative Michael Froman – formerly a high-paid Citigroup executive – and representatives of some of the largest financial institutions on Wall Street….
Tag: Fraud
How to Disappear Money, Pentagon Style
Conflating self-interest with the country’s need for security, military officials have kept their spending out of the public eye. By William D. Hartung Now you see it, now you don’t. Think of it as the Department of Defense’s version of the street con game, three-card monte, or maybe simply as the Pentagon shuffle. In any…
Economist Paul Craig Roberts: Greece Must Leave the Eurozone to Regain Its Sovereignty
Wednesday, 04 May 2016 00:00 By Michael Nevradakis, Truthout | Interview In Greece, the Syriza-led coalition government is now set to agree to new rounds of cuts and privatizations demanded by the country’s lenders. Prior to its initial election in January 2015, Syriza had promised to abolish the country’s loan agreements and austerity policies. Now,…
U.S. Suicide Rate Surges to a 30-Year High
WASHINGTON — Suicide in the United States has surged to the highest levels in nearly 30 years, a federal data analysis has found, with increases in every age group except older adults. The rise was particularly steep for women. It was also substantial among middle-aged Americans, sending a signal of deep anguish from a group…
Dave Johnson: Panama Trade Agreement: Was Tax Evasion The Point All Along?
The Bush administration negotiated the Panama free trade agreement without addressing Panama’s bank and corporate secrecy. Panama has little to “trade” with the U.S., so maybe leaving secrecy out of the agreement wasn’t an accident; it was the point. It provided a stamp of legitimacy and protections for “investors” moving their money to Panama. Panama…
Neoliberalism: The Ideology at the Root of All Our Problems
Imagine if the people of the Soviet Union had never heard of communism. The ideology that dominates our lives has, for most of us, no name. Mention it in conversation and you’ll be rewarded with a shrug. Even if your listeners have heard the term before, they will struggle to define it.
U.S. Uncut: Media Silent as Massive Protest in D.C. Fills Jails Beyond Capacity
Nathan Wellman | April 11, 2016 Initial reports suggest that hundreds of protesters are being arrested outside Capitol Hill in Washington, D.C., right now for participating in a peaceful demonstration against corporate money in politics. With over 53,000 tweets, #DemocracySpring is trending on Twitter and on Facebook, and the protest is still unfolding. However, some noted…
Harper’s Magazine: Stop Hillary! Vote no to a Clinton dynasty
By Doug Henwood “How’s that hopey, changey stuff working out for you?” Sarah Palin asked American voters in a taunting 2010 speech. The answer: Not so well. We avoided a full-blown depression, but the job market remains deeply sick, and it’s become quite mainstream to talk about the U.S. economy having fallen into structural stagnation…
Matt Taibbi: Why the Banks Should Be Broken Up
Bernie or no Bernie, ‘Times’ columnist Paul Krugman is wrong about the banks Paul Krugman wrote an op-ed in the New York Times today called “Sanders Over the Edge.” He’s been doing a lot of shovel work for the Hillary Clinton campaign lately, which is his right of course. The piece eventually devolves into a…
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