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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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  • Bainport_interview-2
    We broadcast from just outside a Freeport, Illinois, factory owned by Bain Capital, the private equity firm co-founded by Republican presidential nominee Mitt Romney. Workers at Sensata Technologies have set up an encampment called "Bainport" across the street from the facility to protest the company’s plan to close the plant and move it to China, taking 170 jobs with it. The workers have been trying to get Romney to save their...
    September 20, 2012 | Story
  • Bainport_interviews-1
    "Welcome to Bainport, a taste of the Romney economy." That’s the message on one of the banners that greets you at the tent city where we broadcast from in Freeport, Illinois. "Bainport" is an encampment set up by workers who face losing their livelihoods when their workplace closes its doors in November and moves to China, taking 170 jobs with it. The workers’ plant, Sensata Technologies, is owned by Bain...
    September 20, 2012 | Story
  • Detroit_film
    Once known as the Motor City, where the middle class was born, Detroit’s auto industry and manufacturing sector have collapsed. Today the city is on the verge of bankruptcy, facing a thinning population and massive cuts to basic services. The new film "Detropia" takes an intimate look at at some of the city’s former members of the middle class as they struggle to make ends meet and refuse to abandon hope. We’re...
    September 18, 2012 | Story
  • Matt_taibbi
    In part two of our interview with Matt Taibbi, he describes recent Wall Street scandals — including a decade-long Wall Street scandal that drained money from every county and state in the United States — and notes not a single bank executive has faced individual consequences. He also explains how Republican presidential nominee Mitt Romney’s former firm, Bain Capital, and others have used private equity to raise money to conduct...
    July 30, 2012 | Web Exclusive
  • Barlett_steele_book
    The famed award-winning investigative reporting team of Donald Barlett and James Steele have just published a new book, "The Betrayal of the American Dream," a followup to their landmark bestseller, "America: What Went Wrong?" As Republicans and Democrats continue disputing who should bear the brunt of the tax burden, Barlett and Steele argue that America’s middle class has been decimated over the years due to...
    July 30, 2012 | Story
  • Jill_stein
    As the corporate media covers every move made by Republican presidential contender Mitt Romney and Democratic incumbent Barack Obama, we go to Baltimore to cover the Green Party 2012 National Convention. "We need big solutions, you know, not solutions around the margins. We really need to end unemployment. We need to put 25 million people back to work with good-paying jobs," says presumptive presidential nominee Dr. Jill Stein, who...
    July 13, 2012 | Story
  • Jill_stein_cheri_honkala
    Dr. Jill Stein’s Green Party vice-presidential running mate, Cheri Honkala, is a single mother who has firsthand experience with homelessness. In 2011, she ran as the Green Party candidate for sheriff of Philadelphia on a platform of ending foreclosures and halting evictions. "Large sections of the population are just sitting out. ... It’s not just because they’re not interested in what’s happening in this country....
    July 13, 2012 | Story
  • Goldman-sachs-logo
    The Oakland City Council has voted unanimously to end a contract with Goldman Sachs that locked it into a financial deal called an high interest rate swap. The city signed on with the bank in 1998 on the premise it would reduce costs of its bonds amid rising interest rates. But after the 2008 financial meltdown, the Federal Reserve cut interest rates to near zero. As a result, Goldman’s rate dropped to 0.15 percent — even as it...
    July 09, 2012 | Story
  • Glen
    Four years after the 2008 economic crisis, not a single top Wall Street executive has gone to jail. "These executives knew that they could take these huge risks and even break laws and pay no real price, and that’s what happened," says Glenn Greenwald, author of "With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful," and a blogger for Salon. "It’s not just a...
    July 05, 2012 | Story
  • Button-webex-stiglitz
    In an extended interview about his new book, "The Price of Inequality," Nobel Prize-winning economist Joseph Stiglitz offers several recommendations for a reform agenda. [includes rush transcript]
    June 06, 2012 | Web Exclusive