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U.S. Economy Topics

Economy

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

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    An often-forgotten group victims in the September 11th narrative are the many rescue workers who fell sick after being exposed to contaminants at Ground Zero. According to a new article by ProPublica, recently uncovered documents reveal that federal officials in Washington and New York went further than was previously known to downplay concerns about health risks, and misrepresented or concealed information that might have protected thousands...
    September 09, 2011 | Story
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    We spend the hour with legendary British rocker and activist, Billy Bragg. His music career began in the late 1970s in London when he formed the punk rock band Riff Raff. His 1984 album, "Brewing Up with Billy Bragg," included the song "It Says Here," a critique of politics and tabloid newspapers that still rings true today in the wake of the News of the World phone-hacking scandal. In 1998 and 2000, he participated in two...
    September 05, 2011 | Story
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    A new study reveals that 25 of the nation’s largest corporations paid more money to their CEOs last year than they did to the federal government in income taxes. Often using overseas tax havens, many of the corporations managed to make billions in profits but paid little to nothing in federal taxes. In many cases the companies received large tax rebates. The list includes some of the country’s best-known companies, such as Ford,...
    September 01, 2011 | Story
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    We look at the story of 300 foreign students who came to the United States as part of a work-study program and found themselves engaged in what they refer to as captive labor at a Hershey’s packing plant in Palmyra, Pennsylvania. The students — from Eastern Europe and Asia — went on strike two weeks ago, after they were reportedly required to lift heavy boxes, work eight-hour shifts beginning at 11 p.m., and stand for long periods of...
    September 01, 2011 | Story
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    This week, the public got its first look at a newly unveiled memorial on the National Mall in Washington, D.C., that honors the life and legacy of Dr. Martin Luther King, Jr. It is the first memorial on the National Mall not dedicated to a war, president or white man. The threat of Hurricane Irene has forced organizers to postpone the planned dedication of memorial on Sunday, which was to have been attended by 250,000 people, including...
    August 26, 2011 | Story
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    An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent...
    August 23, 2011 | Story
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    Thousands of environmental activists from across the continent plan to gather in Washington, D.C., tomorrow to launch a two-week protest against the proposed Keystone XL pipeline that would carry tar sands oil from Alberta, Canada, to U.S. oil refineries in the Gulf of Mexico. The massive pipeline would cross the Yellowstone River, as well as the Ogallala Aquifer, the largest freshwater aquifer in the United States. Environmentalists plan to...
    August 19, 2011 | Story
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    As a strike by 45,000 Verizon workers approaches the two-week mark, the company’s customers are beginning to feel the impact on its services. Consumers are reporting significant delays in booking Verizon technicians to fix and install landline telephone, internet and cable television services. The strike was called after Verizon pushed for the workers to accept far-reaching concessions, including a pension freeze and fewer sick days. The...
    August 19, 2011 | Story
  • Splash_image20110818-20553-zaite-0
    Telecom giant Verizon has threatened to suspend benefits to 45,000 striking workers if they do not return to work at the end of the month. The strike was called after negotiations after Verizon sought to cut health and pension benefits and obtain more leeway to fire workers. The strike is "the most important labor battle going on today," says Democracy Now! co-host and New York Daily News columnist Juan Gonzalez. "We’re...
    August 18, 2011 | Story
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    Vice President Joe Biden arrived in China yesterday to begin a five-day trip aimed at reassuring leaders there of the stability of the U.S. economy and to begin building a relationship with that country’s most likely next president, Xi Jinping. The visit to the largest foreign creditor to the United States falls right after the downgrade of the U.S. credit rating by Standard & Poor’s, and just days after the Financial Times reported...
    August 18, 2011 | Story