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February 18 2014

08:00
08:00
Tags: Finance

February 17 2014

08:00

February 13 2014

08:00

Even Among the Richest of the Rich Fortunes Diverge

New York Times - By Annie Lowrey - Feb. 13 (News) - WASHINGTON — YES, we know the economic fortunes of the 99 percent and 1 percent have diverged over the last three or four decades. But the fortunes of the 1 percent and the 0.1 percent, or the 0.01 percent, or the 0.001 percent, have diverged even more. Economists have taken to calling it “fractal inequality.” It is not just that the rich have pulled away from the average American. It is that the richer you are, the more you have pulled away.

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January 25 2014

08:00

Bailout Architect Runs For California Governor; World Laughs

Rolling Stone - By Matt Taiibi - Jan. 25 (News Report) - thank God for Neel Kashkari, and the news that this goofball footnote caricature of the bailout era has decided to run for Governor of California. Never in history has there been an easier subject for a blog post. If you don't remember Kashkari's name, you might be excused – he was actually better known, in his 15 minutes of fame five years ago, as "The 35 year-old dingbat from Goldman someone put in charge of handing out $700 billion bailout dollars." Read more: http://www.rollingstone.com/politics/blogs/taibblog/bailout-architect-runs-for-california-governor-world-laughs-20140124#ixzz2rP5Yi8iq Follow us: @rollingstone on Twitter | RollingStone on Facebook

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Tags: Finance

January 24 2014

08:00

Seniors Paying $7,125 a Month to be Neglected? What Happened When Wall Street Got Involved in Assisted Living

ProPublica - By A.C. Thompson, Jonathan Jones - Jan. 24 (Investigative Report) - Here are a few things the brochure didn’t mention: Just months earlier, Emeritus supervisors had audited the facility’s process for handling medications. It had been found wanting in almost every important regard. And, in truth, those “specially trained” staffers hadn’t actually been trained to care for people with Alzheimer’s and other forms of dementia, a violation of California law. The facility relied on a single nurse to track the health of its scores of residents, and the few licensed medical professionals who worked there tended not to last long. During the three years prior to Joan’s arrival, Emerald Hills had cycled through three nurses and was now employing its fourth. At least one of those nurses was alarmed by what she saw, telling top Emeritus executives — in writing — that Emerald Hills suffered from “a huge shortage of staff” and was mired in“total dysfunction.”

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January 18 2014

08:00

January 15 2014

08:00

TPP: Poison for Local Community Resilience

Common Dreams - By Richard Heinberg - Jan. 15 (News Analysis) - Now comes the Trans-Pacific Partnership (TPP), a new trade deal negotiated in secret (only corporations get to contribute to, and look at, the draft language). The point of the Treaty: to double down on globalization at precisely the moment in time when the entire enterprise is beginning to fail as a result of stubbornly high oil prices, worsening climate change impacts (floods, droughts, wildfires), debt deflation, and middle-class fears of losing even more ground.

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08:00

Leaked TPP 'Environment Chapter' Shows 'Corporate Agenda Wins'

Common Dreams - By Jon Queally - Jan. 15 (News Report) - Confirming the suspicions and fears of environmental campaigners and concerned individuals across the globe, Wikileaks on Wednesday released a draft version of the 'Environment Chapter' from the Trans-Pacific Partnership (TPP), exposing most of the so-called "environmental protections" as toothless policies that serve to protect corporate profit not Mother Earth.

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January 06 2014

08:00

Lessons from 20 Years of NAFTA

Huffington Post - By Stan Sorscher - Jan. 06 (Special Report) - everyone I know wants good trade policies that raise living standards at home and abroad. The question is not trade versus protectionism. It's good trade policy versus bad trade policy. NAFTA and numerous subsequent trade deals perform very well for investors and global businesses, while leaving most workers and communities at a disadvantage. Since NAFTA, our trade deficits totaled over $8 trillion. We've lost millions of good manufacturing jobs and de-industrialized our economy.

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December 14 2013

08:00

Federal Judge Describes, Then Supports Plot to Rob Detroit Pensioners

AlterNet - By Frank Joyce - Dec. 14 (News Analysis) - It is important to understand that at no point has Detroit declared or requested bankruptcy. Indeed Detroiters and others in Michigan have resisted as best they could, only to be overpowered at every turn. As Judge Rhodes explains below, bankruptcy has been orchestrated from Lansing (the state capitol) with a lot of help from Wall Street banks and other financial players.

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December 03 2013

08:00

The Congress that would rather fight than pass bills

Washington Post - By Editorial Board - Dec. 03 (Editorial) - WHAT DO you get when you mix a Republican-dominated House with a Democratic-majority Senate? Answer: not much — at least, not much legislation to address the country’s major challenges. So far in 2013, Congress has been in session for about a month less than last year and has produced a paltry 52 laws. With each chamber scheduled to work only another 11 days or so before the year-end holidays, it’s possible that Congress will fall short of the post-World War II record for fewest laws passed: 88, in ...

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November 17 2013

08:00

Elizabeth Warren to Regulators, Congress: End ‘Too Big to Fail’

The Nation - By Zoe Carpenter - Nov. 17 (News Report) - It’s been more then five years since the financial sector collapsed, triggering a deep recession that many Americans are still struggling to shake off. Not so the big banks. They’re larger, more powerful and more dangerous than ever before, Senator Elizabeth Warren warned Tuesday at an event examining the state of financial reform since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.

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November 14 2013

08:00

Add It Up: The Average American Family Pays $6,000 a Year in Subsidies to Big Business

Common Dreams - By Paul Buchheit - Nov. 14 (Special Report) - That's over and above our payments to the big companies for energy and food and housing and health care and all our tech devices. It's $6,000 that no family would have to pay if we truly lived in a competitive but well-regulated free-market economy.

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08:00

TPP Exposed

Democracy Now - By Amy Goodman, Juan Gonzalez, Julian Assange - Nov. 14 (News Report) - WikiLeaks has published the secret text to part of the biggest U.S. trade deal in history, the Trans-Pacific Partnership (TPP). For the past several years, the United States and 12 Pacific Rim nations have been negotiating behind closed doors on the sweeping agreement. A 95-page draft of a TPP chapter released by WikiLeaks on Wednesday details agreements relating to patents, copyright, trademarks and industrial design — showing their wide-reaching implications for Internet services, civil liberties, publishing rights and medicine accessibility.

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November 11 2013

08:00

Could Elizabeth Warren Thwart a Clinton Presidency?

AlterNet - By Alex Kane - Nov. 11 (News Analysis) - That’s the question that New Republic editor Noam Scheiber takes a look at in a blockbuster piece titled, “Hillary's Nightmare? A Democratic Party That Realizes Its Soul Lies With Elizabeth Warren.” Warren could tap into a growing sense among younger Democratic voters that the time has come to punish Wall Street for its misdeeds and address income inequality. Clinton is decidedly not the candidate to do that.

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November 08 2013

08:00

How Can the New York Times Endorse an Agreement the Public Can't Read?

eff.org - By Maira Sutton - Nov. 08 (News Analysis) - The New York Times' editorial board has made a disappointing endorsement of the Trans-Pacific Partnership (TPP), even as the actual text of the agreement remains secret. That raises two distressing possibilities: either in an act of extraordinary subservience, the Times has endorsed an agreement that neither the public nor its editors have the ability to read. Or, in an act of extraordinary cowardice, it has obtained a copy of the secret text and hasn't yet fulfilled its duty to the public interest to publish it.

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November 06 2013

08:00

A Full-Frontal Assault on Democracy in Europe and the United States

AlterNet - By George Monbiot - Nov. 06 (News Analysis) - The purpose of the Transatlantic Trade and Investment Partnership is to remove the regulatory differences between the US and European nations. I mentioned it a couple of weeks ago. But I left out the most important issue: the remarkable ability it would grant big business to sue the living daylights out of governments which try to defend their citizens. It would allow a secretive panel of corporate lawyers to overrule the will of parliament and destroy our legal protections. Yet the defenders of our sovereignty say nothing.

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November 02 2013

07:00

Treasury's Deceit Exposed By This Ballsy Government Official

zerohedge.com - Nov. 02 (Opinion) -

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October 27 2013

07:00

Spinning Failure into Gold

NationofChange - By Jim Hightower - Oct. 27 (Opinion) - What amazing alchemists Wall Street bankers are! They can turn failure into gold and reform into business as usual. These sorcerers have pulled off both tricks right in front of us since their 2007 collapse. They turned that gross failure into an ongoing multitrillion-dollar bailout by us taxpayers to restore them to even-grosser profit levels.

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