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Economy

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

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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...
    November 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...
    November 01, 2011 | Story
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    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.
    October 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....
    October 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]
    October 24, 2011 | Story
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    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,...
    October 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...
    October 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...
    October 19, 2011 | Story
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    From Buenos Aires to Toronto, Kuala Lumpur to London, hundreds of thousands of people rallied on Saturday in a global day of action against corporate greed and budget cutbacks, demanding better living conditions and a more equitable distribution of wealth and resources. Protests reportedly took place in 1,500 cities, including 100 cities in the United States—all in solidarity with the Occupy Wall Street movement that launched one month ago in...
    October 17, 2011 | Story
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    In the United States, police arrested hundreds of people over the weekend at demonstrations and occupations inspired by Occupy Wall Street. Arrest totals include: 175 in Chicago; 100 in Arizona; 92 in New York City; 19 in Raleigh, North Carolina; 19 in Denver; and 19 in Washington, D.C., including Princeton University Professor Cornel West, on the steps of the Supreme Court. West was arrested shortly after attending the dedication ceremony for...
    October 17, 2011 | Story