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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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  • Ows-1
    Occupy Wall Street protesters are camping out again, this time across the street from the Stock Exchange in downtown Manhattan. For the past four nights, dozens of activists have camped outside as they prepare for a major day of action on May Day. It’s the first time Occupy Wall Street activists have set up an encampment in the Financial District since New York police raided Zuccotti Park five months ago. "This is Wall Street. This...
    Apr 13, 2012 | Story
  • Jonesheadshot
    We speak with former White House adviser Van Jones about what role the Occupy movement can and should play in re-electing President Obama. He says one reason he launched his Rebuild the Dream campaign last summer was to recognize economic issues not being effectively addressed by progressives. "We’re very good on issues around the environment, race, gender, immigration, sexuality. ... But there is a hole in the donut on the economy....
    Apr 03, 2012 | Story
  • Button-taibbi-headshot
    Financial reporter Matt Taibbi talks about Goldman Sach’s history of denigrating its own clients, as recently highlighted by former Goldman executive Greg Smith’s explosive resignation letter in the New York Times. Decrying what he called Goldman’s "toxic" culture, Smith said bosses at the firm called their clients "muppets" and strove to maximize profits at the expense of client interests, adding:...
    Mar 22, 2012 | Story
  • Elkcheliotesdebate
    We host a debate on Big Labor’s endorsement of President Obama’s re-election between labor reporter Mike Elk and Arthur Cheliotes, president of Communications Workers of America Local 1180, a union that has pledged support of President Obama. This week the AFL-CIO, the nation’s largest labor organization, endorsed Obama following earlier statements of support from several unions, including the Service Employees International...
    Mar 15, 2012 | Story
  • Payne-mustcrop
    Representative Donald Payne, the first-ever African-American congressman from New Jersey, died Tuesday at the age of 77 from complications of colon cancer. The former chairman of the Congressional Black Caucus was in his 12th term in the House. In 1988, Payne explained his desire to break the color line in Congress, saying, "I want to be a congressman to serve as a role model for the young people I talk to on the Newark street corners… I...
    Mar 07, 2012 | Story
  • Occusec
    The latest offshoot of the Occupy Wall Street movement, Occupy the SEC, has submitted a 325-page comment to the Securities and Exchange Commission that calls on regulators to resist the financial industry’s lobbying efforts to water down the Volcker Rule, a section in the Dodd–Frank Wall Street Reform and Consumer Protection Act, that aims to prevent large banks from making certain kinds of risky, speculative investments. The group is made up...
    Feb 24, 2012 | Story
  • Splash_image20120215-11465-1fvy1zp-0
    Today marks the first anniversary of the Wisconsin uprising that erupted after Republican Gov. Scott Walker announced plans to eliminate almost all collective bargaining rights for most public workers, as well as slash their pay and benefits. Now, one year later, Walker is in the midst of a recall effort and faces an investigation for campaign corruption. "People have begun to recognize that they shouldn’t just wait for...
    Feb 15, 2012 | Story
  • Splash_image20120210-19377-1l7xwza-0
    The U.S. Justice Department has unveiled a record mortgage settlement with the nation’s five largest banks to resolve claims over faulty foreclosures and mortgage practices that have indebted and displaced homeowners and sunk the nation’s economy. While the deal is being described as a $25 billion settlement, the banks will only have to pay out a total of $5 billion in cash between them. We speak to one of the settlement’s...
    Feb 10, 2012 | Story
  • After winning big in Florida, Republican presidential candidate Mitt Romney told CNN’s Soledad O’Brien who he wants to represent. “You could choose where to focus, you could focus on the rich, that’s not my focus. You could focus on the very poor, that’s not my focus. My focus is on middle-income Americans.” Of the very rich, Romney assures us, “They’re doing just fine.” With an estimated personal wealth of $250 million, Romney should know.
    Feb 02, 2012 | Columns & Articles
  • Splash_image20120201-9101-1cuuj3w-0
    As homeowners across the nation struggle to keep up with mortgage payments—and in the worse cases face foreclosure—a new investigation reveals that taxpayer-owned mortgage giant, Freddie Mac, made multi-billion-dollar investments that profited if borrowers stayed stuck in high-interest mortgages. Freddie Mac began increasing these investments dramatically in late 2010, at the same time it was making it harder for homeowners to get out of such...
    Jan 31, 2012 | Story