Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • Obama_sotu_button

    Fmr. Obama Adviser: Focus on U.S. Inequality in Election-Year SOTU Has Occupy Wall Street's Imprint

    In his last State of the Union speech before the November election, President Obama defended his record addressing the financial crisis and called for greater economic fairness. He warned that Wall Street would no longer be allowed to play by its own set of rules. But the bulk of the speech dealt with the economy. We get reaction from Jared Bernstein, former chief economist and economic adviser to Vice President Joe Biden and past member of President...
    Jan 25, 2012 | Story
  • Button_taxguest

    As Romney Releases Tax Returns, Fmr Senate Investigator Says: We've Got to Start Taxing Corporations

    During the GOP primary, Mitt Romney has come under fierce attack for parking millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven. We speak with Tax Justice Network USA chair Jack Blum, a former top congressional investigator of financial crimes, who says tax evasion could seriously cripple the already struggling economy. Blum appears in "We’re Not Broke,"...
    Jan 24, 2012 | Story
  • Ask_mitt_romney_anything

    Laid-Off Steelworker: Mitt Romney and Bain Capital Profited by Shutting Down Kansas Steel Plant

    As Republican presidential candidate Mitt Romney comes under fire in New Hampshire for touting his business experience, we look at how his private equity firm, Bain Capital, drove a Kansas City steel plant into bankruptcy, leading to some 750 layoffs and a federal bailout. Bain still walked away with millions of dollars in profits. We speak with Reuters reporter Andy Sullivan, who covered the story, and with Joe Soptic, a steelworker who lost...
    Jan 10, 2012 | Story
  • Romney_provost_nh

    Occupy New Hampshire Member on His Exchange with Mitt Romney over Support for Corporate Personhood

    Occupy New Hampshire activist Mark Provost made national headlines Wednesday when he attended a town-hall meeting hosted by Republican presidential candidate Mitt Romney and asked about his past comment that "corporations are people." Provost’s question to Romney came as Occupy New Hampshire is preparing for a series of events leading up to the state’s Republican primary to highlight the disproportionate impact corporations...
    Jan 06, 2012 | Story
  • Indiana2

    As Statehouse Row Erupts over GOP Bill, Indiana Reps Debate Curbs on Right to Organize Unions

    A fight over workers’ right to unionize erupted in Indiana on Wednesday as Democratic state representatives stayed away from the House floor, depriving the Republican majority of a quorum needed to push through a measure that would prohibit union contracts at private sector workplaces from requiring workers to pay dues or other fees to a union. If enacted, it could give new momentum to legislators who have previously pushed such measures...
    Jan 05, 2012 | Story
  • Frank

    "Pity the Billionaire": Thomas Frank on the "Unlikely Comeback of the Right" Ahead of Iowa Caucus

    Bestselling author and Harper’s Magazine columnist Thomas Frank argues that as President Barack Obama fails to provide a coherent, progressive economic alternative, the right has staged an unlikely comeback — despite the ongoing fallout from the 2008 financial crisis for which its trademark policies were largely responsible. Frank’s new book is called "Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of...
    Jan 03, 2012 | Story
  • Ows_ny_20111217

    Police Crack Down on Occupy Wall Street Protesters, Journalists on Movement's 3-Month Mark

    Hundreds of Occupy Wall Street protesters gathered Saturday in New York City to mark the three-month mark of the now-global movement. More than 50 people were arrested as demonstrators spent the day trying to occupy a new space following their eviction last month from Zuccotti Park. While covering the protest for Democracy Now!, two reporters were harassed by officers with the New York City Police Department. After an officer "jammed his...
    Dec 20, 2011 | Story

  • "Worker-Owners of America, Unite": Will Cooperative Workplaces Democratize U.S. Economy?

    As the Occupy Wall Street movement continues to protest record levels of wealth and income inequality, we turn to an author who says the U.S. economy might be becoming more democratic. Gar Alperovitz argues in an op-ed in today’s New York Times that we may be in the midst of a profound transition toward an economy characterized by more democratic structures of ownership. Alperovitz finds that 130 million Americans are members of some kind...
    Dec 15, 2011 | Story

  • Russia's Putin Faces Unprecedented Challenge as Tens of Thousands Protest Electoral Fraud

    Tens of thousands of Russians filled the streets in Moscow and other cities over the weekend in the largest demonstrations Russia has seen in more than a decade. Protesters expressed outrage at the large-scale electoral fraud they said took place during recent parliamentary elections and are demanding the ouster of Prime Minister Vladimir Putin and his ruling "United Russia" party. "I think what people in Russia want are the kind...
    Dec 14, 2011 | Story

  • Corzine Grilled over MF Global Collapse After Witness Suggests Knowledge of Misused Funds

    Former New Jersey governor and U.S. senator, Jon Corzine, testified Tuesday on Capitol Hill about his brief stint at the helm of the failed commodities and derivatives brokerage house MF Global, which in October became the largest failure on Wall Street since the collapse of Lehman Brothers in 2008. After MF Global went bankrupt, regulators discovered that up to $1.2 billion in customer funds that should have been kept segregated were missing....
    Dec 14, 2011 | Story