Category Archives: ECONOMY

A Frightening Look At The Labor Market Recovery

By Ryan McCarthy HUFFINGTON POST After Friday’s grim jobs data, which showed that the U.S. added just 39,000 net jobs in November, it’s worth noting again just how severely the recession has impacted the job market. This disturbing chart — … Continue reading

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Senate Republicans Screw The Poor and Middle-Class While Offering Handout To The Rich

SENATE REPUBLICANS DEFEAT REAUTHORIZATION OF JOBLESS AID, TAX CUTS By Arthur Delaney HUFFINGTON POST Senate Republicans and a handful of Democrats Saturday defeated a bill to reauthorize unemployment benefits for the long-term jobless and a plethora of tax provisions for … Continue reading

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Message To President Obama: STEP UP and Don’t Extend Tax Cuts To The Wealthiest Americans!

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Corporate Profits Hit New Record, U.S. Workers Still Struggling

By Peter S. Goodman HUFFINGTON POST Happy days are back! During the summer months, corporations logged their biggest profits since the government started counting way back in the age of Elvis, and the economy expanded at a slightly faster pace … Continue reading

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What Good Is Wall Street?

Much of what investment bankers do is socially worthless. by John Cassidy THE NEW YORKER A few months ago, I came across an announcement that Citigroup, the parent company of Citibank, was to be honored, along with its chief executive, … Continue reading

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The Billionaires Want More, More, More

By Senator Bernie Sanders HUFFINGTON POST The billionaires are on the warpath. They want more, more, more. In 2007, the top 1 percent of all income earners in the United States made 23.5 percent of all income — more than … Continue reading

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Will Sit / Lie Stand?

Check out this map that allows us to see which neighborhoods voted in favor of Prop L, the Sit-Lie Law. People in the Haight voted NO, even though perception is that the proposition was generated from that neighborhood. This was … Continue reading

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Who Will Stand Up to the Superrich?

By FRANK RICH THE NEW YORK TIMES IN the aftermath of the Great Democratic Shellacking of 2010, one election night subplot quickly receded into the footnotes: the drubbing received by very wealthy Americans, most of them Republican, who tried to … Continue reading

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Sparks Meets with Bernanke and Greenspan

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The Federal Reserve is Laundering Money

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