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Financial Meltdown Topics

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

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  • Splash_image20120103-5410-ds1lju-0
    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
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    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
  • 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...
    Dec 15, 2011 | Story
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    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...
    Dec 14, 2011 | Story
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    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
  • Rocky_anderson_candidate_2012
    A new political party has entered the fray as an alternative to Democrats and Republicans ahead of the 2012 elections. On Monday, former Salt Lake City Mayor Rocky Anderson announced he will run for president with the newly formed Justice Party. Although hailing from a solidly red state, Anderson has been known as one of the most progressive mayors of any major U.S. city in recent years. During his two mayoral terms from 2000 to 2008, Anderson...
    Dec 13, 2011 | Story
  • Ows_occupy_ports_west_coast
    The Occupy Wall Street movement moved from the streets to the docks on Monday with a series of actions along the West Coast, including San Diego, Long Beach, Los Angeles, Oakland, San Diego, Portland, Tacoma, Longview, Seattle, Bellingham, Anchorage and Vancouver. Many actions led to confrontations with police, resulting in scores of arrests, and in some cases, the use of pepper spray and flash grenades on demonstrators. Several ports were...
    Dec 13, 2011 | Story
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    In an exclusive interview, we speak with former Greek prime minister, George Papandreou, who is attending the U.N. climate change summit in Durban, South Africa. Papandreou was forced to resign last month when he suggested holding a national referendum to allow the Greek people to have a say in whether they would accept the European Union’s bailout plan which would necessitate severe austerity cuts. We speak to Papandreou about the...
    Dec 09, 2011 | Story
  • Splash_image20111205-19466-1rx510i-0
    European leaders are preparing to unveil their plans for addressing the sovereign debt crisis that’s threatened to tear apart the eurozone. Both France and Germany are expected to push for changes to the eurozone treaty, including centralized oversight of national budgets and tighter reins on debt. In a speech on Thursday, French President Nicolas Sarkozy said radical changes are needed in order to save the euro. Sarkozy’s address...
    Dec 02, 2011 | Story
  • Splash_image20111205-19466-612m9i-0
    In Britain, up to two million workers have marched in the streets during the largest mass protest in generations. Teachers, hospital staff, garbage collectors, firefighters and border guards are participating in a 24-hour strike organized by a coalition of 30 trade unions. About a thousand demonstrations and rallies are being held across the country. Public sector workers say proposed pension "reforms" will force them pay more and...
    Nov 30, 2011 | Story