Category Archives: ECONOMY

Halliburton’s Return: Oil Spill Puts Symbol Of Cronyism And Corruption Back In The News

By Dan Froomkin HUFFINGTON POST It seems increasingly likely that when investigators determine the precise cause of the oil-rig explosion that threatens to poison huge swaths of the Gulf of Mexico, what they’ll conclude is that something went catastrophically wrong … Continue reading

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Google Tax-Evasion Scheme Costs U.S. BILLIONS

By Jesse Drucker BLOOMBERG Google IS Evil Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda. Google’s income shifting … Continue reading

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Poverty In Suburbs Increasing Rapidly

BY HOPE YEN Huffington Post WASHINGTON — The American suburb is no longer a refuge from poverty in cities. A pair of analyses by the nonprofit Brookings Institution paints a bleak economic picture for the 100 largest metropolitan areas over … Continue reading

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The Fed’s New Bubble (Masquerading as a Jobs Program)

BY ROBERT REICH The Huffington Post The latest jobs bill coming out of Washington isn’t really a bill at all. It’s the Fed’s attempt to keep long-term interest rates low by pumping even more money into the economy (“quantitative easing” … Continue reading

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The Mortgage Morass

By PAUL KRUGMAN The New York Times American officials used to lecture other countries about their economic failings and tell them that they needed to emulate the U.S. model. The Asian financial crisis of the late 1990s, in particular, led … Continue reading

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Banks seize 288,000 homes in third quarter, but challenges await

By ALEX VEIGA, AP Real Estate Writer LOS ANGELES – Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in … Continue reading

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Massive Investigation Into Deceptive Foreclosure Practices

by Shahien Nasiripour Huffington Post Lawyers Peter Ticktin, left, and Josh Bleil, right, are shown with depositions from 150 robo-signers, alleging that the court documents reveal an industry-wide banking scheme to defraud homeowners, in Deerfield Beach, Fla. Tuesday, Oct. 12, … Continue reading

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Fat Race: Last year’s jeans won’t fit? Blame the free market.

BY JOSHUA E. KEATING Foreign Policy Along with iPods and Hollywood blockbusters, another American trend is sweeping the world: corpulence. As countries grow wealthier, they’re also growing fatter. In China, the obesity rate is increasing by about 40 percent every … Continue reading

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Corporate money, the Chamber of Commerce, and Democracy

Campaign Cash: The Independent Fundraising Gold Rush Since ‘Citizens United Ruling’ By Peter H. Stone | October 04, 2010 | The Center for Public Integrity For many powerful GOP operatives and allied fundraisers, the luncheon last April felt like one … Continue reading

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Rock on Daddy Buffet

Even Warren Buffet says, “..I think we should raise taxes for the very rich…”

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