Economy Topics

Democracy Now! stories, posts and pages that relate to Economy

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"Plunder: The Crime of Our Time" - Danny Schechter Takes on Wall St. in New Film

We speak with investigative journalist, filmmaker and author Danny Schechter, "the News Dissector." His latest film features interviews with industry insiders to reveal how the financial crisis was built on a foundation of criminal activity. It’s called Plunder: The Crime of Our Time. [includes rush transcript]
Apr 28, 2010 | Story
"You Got Bailed Out, We Got Sold Out" - Thousands Protest on Wall Street

Thousands of people turned out for a protest on Wall Street Thursday to denounce the taxpayer-funded bailout and the role of large financial firms in the nation’s economic crisis. A coalition of union and community groups organized the march as the Senate opened debate on a measure to overhaul financial regulation. [includes rush transcript]
Apr 30, 2010 | Story
"Silencing the Whistleblowers": How Will Financial Reform Prevent Another Crash If Banks Subvert Their Warning Systems?

A two-part investigative series called "Silencing the Whistleblowers" reports that when fraud investigators working within big banks tried to warn their superiors of shady practices, they were not only ignored, but frequently harassed, demoted or even fired. We speak to the article’s author, journalist Michael Hudson, and one of the whistleblowers profiled in the article, Ed Parker, the former head of mortgage fraud investigation...
May 20, 2010 | Story
Senate Passes Sweeping Financial Reform Bill; Lobbying Frenzy Expected as Measure Moves to Committee

The Senate has passed a sweeping reform of financial regulation that’s been described as the biggest overhaul of financial rules since the 1930s. The 59-to-39 vote came largely on party lines. Two Democratic senators, Russ Feingold of Wisconsin and Maria Cantwell of Washington, voted against the bill, saying it does not go far enough in preventing another economic meltdown. Four Republicans also broke party ranks to support the measure....
May 21, 2010 | Story
Naomi Klein: The Real Crime Scene Was Inside the G20 Summit

As thousands protested in the streets of Toronto, inside the G20 summit world leaders agreed to a controversial goal of cutting government deficits in half by 2013. We speak with journalist Naomi Klein. "What actually happened at the summit is that the global elites just stuck the bill for their drunken binge with the world’s poor, with the people that are most vulnerable," Klein says. [includes rush transcript]
Jun 28, 2010 | Story
Despite House Passage, Feingold Maintains Opposition to Financial Reform Bill as "Too Weak" in Face of Wall St. Recklessness

Democrats may still be one vote short of approving an overhaul of financial regulation with Senator Russ Feingold vowing to vote against the measure again. The House approved the measure this week following over three weeks of conference committee negotiations. We speak to former investment banker turned journalist Nomi Prins, author of several books, including It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington...
Jul 02, 2010 | Story
Gary Rivlin on "Broke, USA: From Pawnshops to Poverty, Inc. -- How the Working Poor Became Big Business"

In his latest book, bestselling author and journalist Gary Rivlin says the rapacious practices of subprime lenders laid the foundation for powerful mainstream banks to get into the subprime business and turn it into a multi-billion-dollar enterprise. He calls this the "poverty industry." And for those in this industry, business is booming. The book is called Broke, USA: From Pawnshops to Poverty, Inc. — How the Working Poor Became...
Jul 09, 2010 | Story
Nevada Leads Nation in Unemployment, Foreclosures, Bankruptcies

We broadcast from Las Vegas, Nevada, the state with the highest unemployment rate in the nation. The official jobless rate in Nevada set an all-time high of 14.2 percent in June, according to a state report released on Monday. Nevada also leads the nation in foreclosures and bankruptcies. We speak with Launce Rake of the Progressive Leadership Alliance of Nevada. [includes rush transcript]
Jul 22, 2010 | Story
"Rotten Eggs and Our Broken Democracy." By Amy Goodman

The salmonella outbreak is the most recent episode of many that point to a food industry run amok. Giant corporations, some with budgets larger than most nations, are controlling our health, our environment, our economy and increasingly, our elections.
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Aug 25, 2010 | Columns & Articles
Study: CEOs Who Fired Most Workers Earned Highest Pay

A new study shows the CEOs who fired the most workers during the economic recession have also taken home the highest pay. According to the Institute for Policy Studies, the CEOs of the fifty corporations responsible for the worst layoffs were paid an average $12 million — 42 percent more than the average for the Standard & Poor’s 500. [includes rush transcript]
Sep 03, 2010 | Story