Category Archives: Wall Street

The Robin Hood Tax

Professor Richard D. Wolff explains how a tiny “Robin Hood” or transaction tax on financial trades can raise enormous revenue for governments.  Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 … Continue reading

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The Visible Hand of the Market

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HOW SAD WE ONLY HAVE ONE BERNIE SANDERS

The American People Are Angry By Bernie Sanders/ OpEdNews.com/ June 28, 2012 The American people are angry.  They are angry that they are being forced to live through the worst recession in our lifetimes — with sky-high unemployment, with millions … Continue reading

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5 GREAT THINGS ABOUT AMERICA…THAT AREN’T TRUE ANYMORE

By Arlen Grossman/ The Big Picture Report 1st Great Thing About America: We Are a Democracy (Or Used To Be)  Image: Ares/caglecartoons.com  Once a shining beacon of democracy, the United States of America has lost its way. To be sure, … Continue reading

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HOW TO FIX THE ECONOMY: INVEST IN THE MIDDLE CLASS

Nobody makes economics more accessible to the layman and makes more sense on the subject than Robert Reich. A simple explanation that clearly lays out the problem and the obvious solutions: Why The Economy Can’t Get Out of First Gear … Continue reading

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Wisconsin: The Final Nail in the Coffin of American Democracy

by Arlen Grossman/ The Big Picture Report American Democracy had struggled on life support for many years. It took its final breath on January 21, 2010, when a conservative Supreme Court ruled 5-4 in the landmark Citizens United case that … Continue reading

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WALL STREET REFORM: GOING…GOING…GONE

How Wall Street Killed Financial Reform It’s bad enough that the banks strangled the Dodd-Frank law. Even worse is the way they did it – with a big assist from Congress and the White House. By Matt Taibbi/ Rolling Stone/ … Continue reading

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WHY OCCUPY? WHY NOW?

Plutonomy and the Precariat:  On the History of the US Economy in Decline by Noam Chomsky/ TomDispatch.com/ May 8, 2012 The Occupy movement has been an extremely exciting development. Unprecedented, in fact. There’s never been anything like it that I … Continue reading

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No Justice From the Justice Dept.

Wall Street Has No Worries – Obama and Holder Are Shooting Blanks by Arlen Grossman “Why Can’t Obama Bring Wall Street to Justice?” ask Peter Boyer and Peter Schweizer in Newsweek this week. It’s a question a lot of Americans are … Continue reading

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It’s Cold and Dark Out There……

Political Iceberg Ahead: The Big Money That Is Sinking Democracy by Danny Schechter/ Huffington Post/ May 7, 2012 I keep thinking of that clear April night 100 years ago when the unsinkable HMS Titanic steamed towards New York. It was … Continue reading

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