American Consumers $11.85 Trillion In Debt, Corporate Sector Re-Leveraging
According to an analysis by personal finance information company NerdWallet, American consumers owe a total of $11.85 trillion in debt.
TARP Chief To Lead Minneapolis Fed
With the appointment of Neel Kashkari to the Minneapolis Federal Reserve, Goldman Sachs alumni now lead four out of the 12 branches of the Federal Reserve.
Wall Street Group Goes On Ad Blitz Against CFPB
Viewers of last night’s Republican presidential debate were treated to quite a spectacle. Not only did they get to see a presidential debate, but multiple times during the commercial breaks a 30-second ad called “Denied,” by the 501(c)(4) group American Action Network, played and presented an Orwellian vision of the
Senator Tom Cotton Wrongly Tries To Link Social Security And Drug Addiction
There is absolutely no basis whatsoever for Senator Tom Cotton’s batty claim that Social Security benefits fuels heroin addiction among the poor.
Support For Neoliberalism Is Killing Working-Class Whites
Middle-aged, working-class whites are dying faster than ever before, according to new research from Princeton. Are they voting away their own futures?
Afghanistan Waste-A-Thon Continues With $43 Million Gas Station
The latest addition to the already $1.7 trillion “War on Terror” is a $43 million gas station in Afghanistan that should have cost around $500,000.
White House Releases Text Of Trans-Pacific Partnership
The White House has released the full text of the Trans-Pacific Partnership (TPP) online, the first time the public will see history’s largest trade deal.
Takata Fined $200 Million For Lying About Defective Airbags
The federal government announced a $200 million fine for car airbag manufacturer Takata for failing to issue a recall after selling defective airbags.
Too Big To Fail AIG Refuses To Break Up
AIG executives are refusing to consider a plan created by shareholder activist Carl Icahn to break up the massive “Too Big To Fail” corporation.
Corporate Coup: Arbitration Clauses Deny Justice To Consumers
Consumers have been effectively prevented from seeking justice through class action lawsuits in many instances thanks to arbitration clauses in contracts.