Since QE went global, the Bank of England, for one, has often had to defend itself from accusations that its policies have increased inequality. A recent study concluded that “nine years of asset [...]
When the last Toys ‘R’ Us store closes its doors once and for all, the company's top executives will have pocketed some $8.2 million in retention bonuses for sticking around long enough to [...]
We have entered a landmark moment: no president since Woodrow Wilson (during whose administration the Federal Reserve was established) will have appointed as many board members to the Fed as [...]
Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power [...]
By Pam Martens and Russ Martens, Wallstreetonparade.com -
If you get your business news from the Wall Street Journal or Bloomberg News or the New York Times or Reuters or the Financial Times or CNBC, chances are you did not hear about a critically [...]
By Margaret Flowers and Kevin Zeese, Clearing the FOG. -
Public Banks exist around the world. They are used to hold public dollars, such as taxes and fees, to keep the money local so it serves the public interest, instead of giving it to Wall Street [...]
By Pam Martens and Russ Martens, Wallstreetonparade.com -
It’s not every day that three well-credentialed men are willing to put their names and reputations behind the allegation that the U.S. Federal Reserve is rigging the stock market. But that’s [...]
When José Rivera moved into his house, he thought he was on the path to home ownership. But after several years and more than $90,000 in rent, he can’t even get his landlord to fix the broken [...]
By Pam Martens and Russ Martens, www.wallstreetonparade.com -
By Pam Martens and Russ Martens for Wall Street on Parade. If you feel lost in the cacophony of contrasting claims that Wall Street was adequately reformed under the Dodd-Frank legislation of [...]
By Gary Rivlin and Michael Hudson, www.theintercept.com -
By Gary Rivlin and Michael Hudson for The Intercept. Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for [...]
By Max Abelson for Bloomberg - Last month, just before her book “What Happened” was published, Barack Obama spoke in New York to clients of Northern Trust Corp. for about $400,000, a person [...]
By Aditi Katti for Inequality.org - It was a brutally hot and humid day in the nation’s capital and Margie Mathers needed a cane to get up to the podium, but the Florida senior had a story she [...]
By Emily Talmage for Save Maine Schools - Across the country, teachers are being asked to collect, record, and slog through mountains of data that “experts” insist is meant to improve their [...]
By Robinson Meyer for The Atlantic - It’s less obvious than it may seem. The global industry is a $65-billion business, and the United States has been involved in it from the beginning. NASA [...]
By Joseph E. Stiglitz and Martin Guzman for Project Syndicate. SAN JUAN – Puerto Rico’s deep and prolonged recession has led to a severe debt crisis. And the combination of economic contraction [...]
