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A few weeks ago, I described Wells Fargo's subprime mortgage machine as "capitalism at its worst." According to a June Washington Post
Blog
David Callahan
It's now been twelve years since Bill Clinton signed into law the historic welfare reform act of 1996.
Blog
David Callahan
Following up on our last post on the link between climate change and extreme weather, a new scientific study was released that found that manmade climate change increases the probability of extreme weather patterns. The study was a joint effort between the National Oceanic and Atmospheric
Blog
J. Mijin Cha
Fifty years ago, Michael Harrington wrote The Other America, documenting – among the many ravages of poverty – that millions of children in the richest country on earth went to bed hungry every night. His book inspired two Democratic presidents, John F. Kennedy and Lyndon B. Johnson, to launch a war
In the media
Merrill Goozner
NEW YORK – Fifty years ago, Michael Harrington's classic exposé The Other America blew open the reality of widespread poverty in the United States, and while it paved the way for policies that have improved the lives of millions of Americans, the problem persists today. Today, Demos and The American
Press release/statement
So far, as a result of the LIBOR scandal -- in which Barclays manipulated the all-important London Inter-bank Offered Rate, which governs hundreds of trillions of dollars of loans, securities and derivatives -- the bank has been fined over $450 million by regulators and its CEO and COO have resigned
Blog
Wallace C. Turbeville
Since 2008, working families have done everything they can to get by – changing spending habits, paying down debt, taking on 2nd (or 3rd jobs), digging into savings and retirement funds, and even cutting back on medical care – but they’re still falling behind.
In the media
Ashwin Warrior
President Obama opened up a fissure within his own party when he called yesterday for repealing the Bush tax cuts for households making over $250,000. Other Democrats, including Nancy Pelosi, have argued for a repeal that would only affect households making over $1 million.
Blog
David Callahan
Are big corporations taking over American elections? It depends whether you ask liberals or conservatives, who can’t even agree on the basic facts. In the liberal universe, big corporations have swallowed politics. Common Cause President Bob Edgar summed up this version of reality at a press
In the media
Eliza Newlin Carney