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Category Archive for '#OccupyWallStreet'

I think we all relate; so many people who are struggling like this. Nearly half of Americans would have trouble finding $400 to pay for an emergency: I know what it is like to have to juggle creditors to make it through a week. I know what it is like to have to swallow my […]

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I can’t believe only one of my friends has called herself since the recession. A few of them are still teetering: Numerous studies have found a strong connection between right-wing economic policies and suicide. Recent research from sociologists David Stuckler and Sanjay Basu, for example, found that suicide rates in both the US and UK […]

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Puerto Rico is in dire financial straits. They are facing a monumental $70 billion debt. BILLION. John Oliver explained in the below clip from Sunday’s Last Week Tonight that Puerto Rico can’t file for bankruptcy due to an unexplainable, tiny provision in a 1984 law. Oliver said: “We need to stop treating Puerto Rico like […]

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This story was co-published with The New Yorker. It is not subject to our Creative Commons license. In the late summer of 2009, lawyers at the Securities and Exchange Commission were preparing to bring charges in what they expected would be their first big crackdown coming out of the financial crisis. The investigators had been […]

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I read both this letter and the original story that prompted it in the New York Times, and was shaking my damn head. This is the economy that’s forced so many people over 60 into the gig economy, precisely at a time when their bodies are screaming at them to slow down. You can see […]

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Everyone who saw it thought this was going to be the big story yesterday, but Bernie pushed it off the radar:

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Oh shit

This is bad. Investors are facing $19 billion in energy defaults as the worst oil crash in a generation leaves drillers struggling to stay afloat. The wave could begin within days if Energy XXI Ltd., SandRidge Energy Inc. and Goodrich Petroleum Corp. fail to reach agreements with creditors and shareholders. Those are three of at […]

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Can’t wait until I have the time to read this: While it is well-known that deep pockets finance the big names in politics, much about the private world they inhabit and how their money is allocated remains hidden. The network of hard-right billionaires extends far beyond the infamous Koch brothers. Jane Mayer’s Dark Money: The […]

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This is a fair take; I happen to be of the opinion that getting Democrats to vote in every election is a much more effective and immediate fix than anything else on the table, but I could be wrong: One final thing Hillary cannot say, but which many Democrats intuitively grasp, is that her nomination […]

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While people are yelling about breaking up the banks, it seems that at least some of them are doing it themselves: The operative question for the country‚Äôs largest financial firms is increasingly whether the government has made it too expensive to be big. On Tuesday, insurer MetLife Inc. became the second major firm in the […]

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