U.S. Economy Topics

Economy

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

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    As Freddie Mac comes under scrutiny for betting billions on investments that profit if homeowners they issued loans to are locked into high-interest mortgages, we speak with Arturo de los Santos, a U.S. Marine veteran who was evicted last year in Riverside, California, after Freddie Mac and JPMorgan Chase foreclosed on his house last June. "We were trying to get the bank’s attention to review our case again. We couldn’t believe...
    Jan 31, 2012 | Story
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    Police have arrested more than 400 Occupy Oakland protesters, as well as a number of journalists, in one of the largest mass arrests since the nationwide Occupy protests began last year. When protesters attempted to convert a vacant building into a community center on Saturday, witnesses say police used tear gas, bean bag projectiles and flash grenades. Several hours later, police said some of the protesters broke into City Hall. However, demonstrators...
    Jan 30, 2012 | Story
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    The National Park Service says it will begin enforcing a ban today on Occupy protesters camping overnight in McPherson Square and Freedom Plaza, two parks near the White House where they have been living since October. Members of the Occupy encampment say they will resist eviction. "We are going to do our best to make sure that they’re protected from what is effectively a criminalization of poverty and a criminalization of homelessness....
    Jan 30, 2012 | Story
  • Banking-button
    New York Daily News columnist and Democracy Now! co-host Juan Gonzalez reports the Treasury Department has approved payouts exceeding $5 million for 49 executives at firms that most benefited from the Wall Street bailout. The executives’ pay came despite the $500,000 salary cap established under the Troubled Asset Relief Program (TARP). [includes rush transcript]
    Jan 27, 2012 | Story
  • Does Obama’s formation of the new task force aimed at investigating the shoddy mortgage-lending practices that contributed to the financial crisis signify a move to more progressive policies, as MoveOn suggests?
    Jan 26, 2012 | Columns & Articles
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    Responding to President Obama’s State of the Union address, longtime consumer advocate and former presidential candidate Ralph Nader says Obama’s criticism of income inequality and Wall Street excess fail to live up to his record in office. "[Obama] says one thing and does another," Nader says. "Where has he been for over three years? He’s had the Justice Department. There are existing laws that could prosecute...
    Jan 25, 2012 | Story
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    In his last State of the Union speech before the November election, President Obama defended his record addressing the financial crisis and called for greater economic fairness. He warned that Wall Street would no longer be allowed to play by its own set of rules. But the bulk of the speech dealt with the economy. We get reaction from Jared Bernstein, former chief economist and economic adviser to Vice President Joe Biden and past member of President...
    Jan 25, 2012 | Story
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    During the GOP primary, Mitt Romney has come under fierce attack for parking millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven. We speak with Tax Justice Network USA chair Jack Blum, a former top congressional investigator of financial crimes, who says tax evasion could seriously cripple the already struggling economy. Blum appears in "We’re Not Broke,"...
    Jan 24, 2012 | Story
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    As Republican presidential candidate Mitt Romney comes under fire in New Hampshire for touting his business experience, we look at how his private equity firm, Bain Capital, drove a Kansas City steel plant into bankruptcy, leading to some 750 layoffs and a federal bailout. Bain still walked away with millions of dollars in profits. We speak with Reuters reporter Andy Sullivan, who covered the story, and with Joe Soptic, a steelworker who lost...
    Jan 10, 2012 | Story
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    Occupy New Hampshire activist Mark Provost made national headlines Wednesday when he attended a town-hall meeting hosted by Republican presidential candidate Mitt Romney and asked about his past comment that "corporations are people." Provost’s question to Romney came as Occupy New Hampshire is preparing for a series of events leading up to the state’s Republican primary to highlight the disproportionate impact corporations...
    Jan 06, 2012 | Story