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Strike Debt is one of Occupy Wall Street's progeny. They debuted with The Debt Resistors' Operations Manual, a resource to help people dealing with debt and those seeking to circumvent it altogether.
One of the key ways Wall Street is trying to kill financial reform is to subject all of the new rules to what it calls “cost-benefit analyses.” This seductively sounding concept is, however, a sham; the industry only wants its costs considered and nothing else. When they say “cost benefit analysis,” they mean a one-sided, biased “industry cost only” analysis.
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.
Hurricane Sandy is the most recent storm to have shed light on the dangers of development in waterfront areas along the Eastern seaboard, but communities from Colorado to Missouri to South Dakota have also grappled for years with the growing risk of environmental damage from everything from rising rivers to forest fires -- dangers that are growing more acute thanks to climate change.
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.
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 overwhelming influence of a tiny number of wealthy donors."
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 worth -- was on MSNBC. The other networks combined spent 51 minutes discussing climate change.
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 been updated in fifty years, is inadequate.