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British Petroleum announced that it had reached a resolution with the Department of Justice over the Deepwater Horizon disaster that released nearly 5 million barrels of oil into the Gulf of Mexico.
Blog
J. Mijin Cha
Walmart maintains its low prices on the backs of workers. Reuters reports:
Blog
Joseph Hines
Just sixty-one individuals gave $285.2 million to Super PACs in the 2012 elections, contributing the same amount as 1,425,500 small grassroots donors to the major party presidential candidates, according to a new report from Demos and U.S. PIRG. This report, the fourth in a series, focuses on "the
In the media
Harriet Rowan
One of the many parts of the financial sector that the crisis exposed as desperately in need of reform was the 401(k) industry. In 2008 alone, the securities industry lost over $2 trillion in workers’ hard-earned 401(k) and IRA savings.
Blog
Robert Hiltonsmith
A new Media Matters study shows that not only was climate change absent from the Presidential debates, it was virtually absent from media coverage. Total media coverage of climate change was just over three and a half hours since August 1st. However, the vast majority of this -- two and a half hours
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J. Mijin Cha
Poverty’s up, but still ignored. The drumbeat of evidence shows that it remains, despite the recovery, persistently high. The official Census poverty measure this summer found a record 15 percent of Americans living in poverty. But, as expected, that lowballs it. The official measure, which hasn’t
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Joseph Hines
Tuning in to the latest round of fiscal panic, you might think that Congress and the President have been doing exactly nothing about the deficit over the past few years. Of course, though, that is wrong: Major steps have already been taken to control government spending. According to a new analysis
Blog
David Callahan
One of the most visible signs of climate change was last summer’s prolonged extreme drought. Over eighty percent of the corn and soybean crops were impacted. Not surprisingly, we saw record food prices globally. Price increases due to drought are easy to understand given the reduction in crop supply
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J. Mijin Cha
No doubt the new International Energy Agency (IEA)'s latest World Energy Outlook will be cause for celebration for the fossil fuel industry. In it, IEA points to the strong oil and gas production in the U.S. and predicts that by within a decade or so, the U.S. will become the world's largest oil
In the media
J. Mijin Cha
The job of reforming Wall Street is far from finished. The most profitable investments for the big banks continue to be Washington lobbyists chipping away at reform and litigators challenging every major rule in court.
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Wallace C. Turbeville