Business in Society

A government shutdown once again loomed, and familiar deadlines and ultimatums flew around Washington. And Congress just used the threat to loosen the rules created in the wake of the financial crisis, a victory for Wall Street banks in their constant and well-funded campaign against reform. The...
12/12/2014
Blog
Last week, in an interview with Bloomberg News, former Countrywide CEO, Angelo Mozilo gave the nation the middle finger.  He expressed zero remorse or culpability for his very personal (and personally lucrative) role in the subprime crisis that catalyzed a global economic recession....
09/09/2014
Blog
Earlier this month, the New York Times and other media reported on a new study by Harvard financial economists Kenneth Rogoff and Carmen Reinhart. It concludes that the duration of the recovery from the 2007/08 recession and financial crisis is similar to historical recessions that were linked to...
01/27/2014
Blog
Since Citizens United unleashed a flood of corporate money into federal election campaigns, the public has been justifiably outraged at the ability of large economic institutions to wield undue political power.  Democracy, after all, should write the rules for capitalism—not the other way...
11/08/2013
Blog
Here we go again: Financial markets are plummeting thanks to the threat of a government shutdown and, beyond that, another debt ceiling crisis. One of the great bull markets of recent years is being derailed by a bunch of extreme conservatives in Congress. But Wall Street shouldn't just blame the...
09/30/2013
Blog
Occupy Wall Street was born exactly two years ago today, and even as that movement reached its zenith later in the fall of 2011, it was easy to dismiss the activists who took over financial centers around the nation. Their policy agenda was amorphous and their organizational processes seemed...
09/16/2013
Blog
Five years after the fall of Lehman Brothers and the worst financial crisis since 1929, one thing seems certain: another meltdown of the financial system will eventually happen. Why? Because we still haven't fixed many of the problems that led to the last crisis.  Here are six reasons another...
09/15/2013
Blog
While this week’s inequality numbers have gotten a lot of attention, Paul Krugman points out an interesting corollary: not only are the top 10 percent taking home nearly half of the country's income, and the top 1 percent taking their largest share since 1928, but the top .01 percent have...
09/13/2013
Blog
It’s going to be an explosive fall, financially speaking, regardless of what transpires in the Middle East. The culmination of faux regulation, debt ceiling debates, derivatives growth and the ever-expanding Federal Reserve books will provide lots of volatility—for which the White House will be...
09/13/2013
Blog
The Tea Party crazies are at it again in Washington, making John Boehner and Eric Cantor look like flexible moderates by comparison. While Boehner and Cantor want to avert a government shutdown—which is the last thing the GOP needs right now—extremist members of the House stand ready to bring the...
09/13/2013
Blog
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