U.S. Economy Topics

Economy

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

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    On Monday, Charlie Rose interviewed Democracy Now! host Amy Goodman and Chris Hedges about Occupy Wall Street.
    Nov 03, 2011 | D.N. in the News
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    In a major banking scandal, the commodities and derivatives brokerage house MF Global filed one of the largest bankruptcies in American corporate history, with almost $40 billion in liabilities. It was the largest failure on Wall Street since the collapse of Lehman Brothers in 2008. The chairman and chief executive officer of MF Global is Jon Corzine, a former New Jersey governor and U.S. senator. Corzine is also the former CEO of Goldman...
    Nov 03, 2011 | Story
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    We turn now to Oakland, California, where thousands of protesters shut down the nation’s fifth-largest port on Wednesday as part of a general strike called by the Occupy Oakland movement. It was the first general strike called in the city since 1946. Much of the city was unaffected by the strike; however, many business shut down, and nearly 20 percent of the city’s teachers did not report to work. While the strike was largely...
    Nov 03, 2011 | Story
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    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...
    Nov 01, 2011 | Story
  • The winds of change are blowing across the globe. What triggers such change, and when it will strike, is something that no one can predict.
    Oct 26, 2011 | Columns & Articles
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    A controversy in the banking community has arisen around the Occupy Wall Street movement. Greg Palast investigates the story behind Goldman Sachs’ recent decision to pull out of a fundraiser for the Lower East Side People’s Federal Credit Union in New York City after it learned the event was honoring the protesters at Occupy Wall Street. The investment bank withdrew its name from the fundraiser and also canceled a $5,000 pledge....
    Oct 25, 2011 | Story
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    Over the weekend, Democracy Now! host Amy Goodman visited demonstrators at Occupy Louisville, a protest inspired by Occupy Wall Street. They’ve set up an encampment right across the street from a local jail. We hear from veterans, students, social justice activists, and other community members who spent the night at the protest. [includes rush transcript]
    Oct 24, 2011 | Story
  • The national memorial to Martin Luther King Jr. was dedicated last Sunday. President Barack Obama said of Dr. King, “If he were alive today, I believe he would remind us that the unemployed worker can rightly challenge the excesses of Wall Street without demonizing all who work there.” The dedication occurred amidst the increasingly popular and increasingly global Occupy Wall Street movement. What Obama left unsaid is that King, were he alive,...
    Oct 19, 2011 | Columns & Articles
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    Broadcasting on the road from Kansas City, Missouri, we’re joined by William Black, a white-collar criminologist, former financial regulator, and author of "The Best Way to Rob a Bank is to Own One." Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City. "If you look [at the Occupy protests], not just nationwide, but worldwide, you will see some pretty...
    Oct 19, 2011 | Story
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    A new report by the University of New Hampshire reveals that nearly 22 percent of America’s children live in poverty. Another study by the the Pew Hispanic Center found that Hispanics now make up the largest group of children living in poverty: 6.1 million Hispanic children are poor, compared with five million non-Hispanic white children and 4.4 million black children. The Pew Center said Hispanic poverty numbers have dramatically...
    Oct 19, 2011 | Story