U.S. Economy Topics

Economy

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

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    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...
    January 05, 2012 | 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...
    December 15, 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....
    December 14, 2011 | Story
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    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...
    December 13, 2011 | Story
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    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...
    December 13, 2011 | Story
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    Some 1,000 police officers raided the Occupy Los Angeles encampment in a park outside City Hall overnight, arresting scores of people and evicting what has been the largest Occupy camp in the country. Meanwhile, Occupy Philadelphia protesters vacated their encampment this morning after more than a thousand police moved in and warned them of mass arrests. We get eyewitness updates on both raids from National Lawyers Guild legal observer Ken...
    November 30, 2011 | Story
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    How does the Occupy Wall Street movement move from "the outrage phase" to the "hope phase," and imagine a new economic model? In a Democracy Now! special broadcast, we bring you excerpts from a recent event that examined this question and much more. "Occupy Everywhere: On the New Politics and Possibilities of the Movement Against Corporate Power," a panel discussion hosted by The Nation magazine and The New School...
    November 25, 2011 | Story
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    Even though Heather Carpenter was outside of Citibank, a plainclothes officer had identified her as an Occupy Wall Street protester. She said she was a customer and showed her receipt. To her shock, as documented by video, Heather was grabbed from behind by a plainclothes officer who began forcing her into the bank. She screamed, but within seconds disappeared into the vestibule, surrounded by a dozen cops, where she was roughly handcuffed and...
    November 23, 2011 | Columns & Articles
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    American "vulture" investors, including a top funder of the Republican Party, have demanded that African nations pay over half a billion dollars for old debts, for which the investors paid only a few million. One New York vulture speculator, Peter Grossman of FG Capital Management, is demanding $100 million from the Democratic Republic of Congo. Is he collecting a legitimate debt from the Congo, or is the vulture’s claim based...
    November 22, 2011 | Story
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    The bipartisan so-called "supercommittee" has failed to reach an agreement on reducing the federal deficit after three months of negotiations over taxes and spending. The full Congress will now have a little over a year to come up with an alternative. A trigger of $1.2 trillion in automatic spending cuts over 10 years to military and domestic programs takes effect in 2013. "What people need to remember is that we are a rich...
    November 22, 2011 | Story