U.S. Economy Topics

Economy

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

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  • 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
  • Button-ferguson
    We continue our conversation with Charles Ferguson, director of the Oscar award-winning documentary, “Inside Job,” about the 2008 financial crisis. In his new book, “Predator Nation,” he argues “the role of Democrats has been at least as great as the role of Republicans” in causing the crisis. [includes rush transcript]
    May 29, 2012 | Web Exclusive
  • Button-predator-nation
    Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We also discuss Larry Summers and the revolving door between academia and...
    May 29, 2012 | Story
  • Picture%2020
    We continue to look at the cost of public education, this time here in the United States. On Wednesday, thousands took part in education protests in Philadelphia, Pittsburgh and other Pennsylvania cities, condemning planned spending cuts. In Philadelphia, school officials have proposed a controversial plan to close more than 60 schools in the next five years and potentially privatize those remaining. On Thursday, Republican presidential...
    May 25, 2012 | Story
  • Button-edelman
    Census data shows nearly one in two Americans live in poverty, and now the Congressional Budget Office warns things could soon get worse if President Obama and Congress remain at an impasse over the 2013 fiscal budget. House Republicans are calling for cuts to food aid, healthcare and social services, while protecting funds for the Pentagon. We discuss poverty with Peter Edelman, who resigned as assistant secretary at the Department of Health...
    May 23, 2012 | Story
  • Button-reich
    Former Secretary of Labor Robert Reich critiques President Obama’s handling of the economic crisis and the Clinton administration’s repeal of the Glass-Steagall Act, a key deregulatory move that ended the separation of commercial and investment banking and is widely seen as having helped lead to the financial collapse. The Clinton administration also presided over a drastic transformation of U.S. welfare laws, throwing millions off...
    May 08, 2012 | Story
  • Button-occupy-2
    In his new book, "Beyond Outrage," former Labor Secretary Robert Reich opens with a dedication to the Occupy Wall Street movement. He writes: "To the Occupiers, and all others committed to taking back our economy and our democracy." We speak to Reich about the success of Occupy in reshaping the national dialogue on the economy and why strong grassroots movements are needed to push elected leaders in Washington to enact a...
    May 08, 2012 | Story
  • Rebelcities
    In part two of our interview with social theorist David Harvey, he notes the "urban center" of Occupy Wall Street has been key to its success. He also discusses Karl Marx, the lack of evidence that austerity stimulates economic growth, and how many of the social benefits that exist today were brought about through class struggle. [includes rush transcript]
    May 01, 2012 | Web Exclusive