Economy Topics

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

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  • Matt_taibbi
    In part two of our interview with Matt Taibbi, he describes recent Wall Street scandals — including a decade-long Wall Street scandal that drained money from every county and state in the United States — and notes not a single bank executive has faced individual consequences. He also explains how Republican presidential nominee Mitt Romney’s former firm, Bain Capital, and others have used private equity to raise money to conduct...
    July 30, 2012 | Web Exclusive
  • Button-nader
    In 2008, Barack Obama pledged to raise the minimum wage every year once elected, but the hourly rate of $7.25 hasn’t increased since 2007. Low-wage workers now make far less than they did four decades ago. Last week Illinois Democratic Rep. Jesse Jackson Jr. introduced the Catching Up to 1968 Act of 2012. It draws its name from the idea that the federal minimum wage would be $10.55 an hour now if it had kept up with inflation over the past 40...
    June 15, 2012 | Story
  • Button-webex-stiglitz
    In an extended interview about his new book, "The Price of Inequality," Nobel Prize-winning economist Joseph Stiglitz offers several recommendations for a reform agenda. [includes rush transcript]
    June 06, 2012 | Web Exclusive
  • Button-g8
    World leaders are convening at the heavily guarded Camp David in Maryland today for the G8 summit. Leading nonprofits such as Save the Children and Oxfam are urging G8 leaders to live up to a 2009 pledge of $22 billion towards food security in developing nations of which only a quarter has been met. Activists are also urging G8 leaders to build on their previous commitments and partner with developing countries to urgently tackle hunger....
    May 18, 2012 | Story
  • Splash_image20111101-11498-1me49g7-0
    As participants in the Occupy Wall Street movement continue protesting the record profits made by banks bailed out by taxpayer money, a group of grassroots activists are hitting America’s largest banks—including JPMorgan Chase, Bank of America and Wells Fargo—where it hurts most: the wallet. Dubbing this Saturday, Nov. 5 as "Bank Transfer Day," activists are urging people to move their money out of the banks deemed "too...
    November 01, 2011 | Story
  • Splash_image20110919-16560-18v6wxm-0
    MIT Professor Emeritus Noam Chomsky discusses the position of the Republican presidential candidates on issues such as climate change and calls them "utterly outlandish." "I’m not a great enthusiast for Obama, as you know, from way back, but at least he’s somewhere in the real world," Chomsky says. "Perry, who’s very likely … to win the primary and win the nomination, and maybe to win the election,...
    September 19, 2011 | Story
  • 20110817_button2
    Since announcing his candidacy for the Republican presidential nomination over the weekend, Texas Gov. Rick Perry has already raised eyebrows over a number of heated comments. On Monday Perry accused Federal Reserve Chairman Ben Bernanke of treason and suggested he would face physical harm in Texas. His comments were widely criticized, from the White House to Republican key strategist Karl Rove. Perry has also drawn criticism for calling...
    August 17, 2011 | Story
  • Play_debt
    The bipartisan "super committee" tasked with finding a way out of the U.S. debt crisis has been established, but what can we expect? On Thursday, House Democratic leader Nancy Pelosi named the final three members to the 12-person panel, split evenly between Democrats and Republicans. They will have until November 3 to recommend a plan to cut $1.5 trillion from the deficit over 10 years. We speak with Robert Borosage, founder and...
    August 12, 2011 | Story
  • Debt_deal_women_button
    The debt ceiling agreement reached this week by the White House and Congress could deal a serious blow to women’s well-being, according to leading women’s rights groups. The deal will potentially impose $1 trillion in cuts to programs that mostly serve and employ women, such as family planning clinics, food stamps, college tuition assistance and childcare. The National Organization for Women (NOW), the largest feminist organization...
    August 04, 2011 | Story
  • Play_rep_edwards
    President Obama has signed legislation to increase the U.S. debt ceiling in time to avoid a national default. The $2.1 trillion deficit-reduction plan cleared its final hurdle in the Senate yesterday, passing with a 74-to-26 vote. Six Democrats and 19 Republicans opposed the measure. Members of the Progressive Caucus and the Congressional Black Caucus rejected the deal because of its massive cuts to domestic spending and a lack of tax...
    August 03, 2011 | Story