09 Jan 2017

FBI Arrests Volkswagen Executive Involved In Emissions Scandal

The FBI arrested former Volkswagen executive Oliver Schmidt on charges of conspiracy to defraud the United States. Schmidt was in charge of emissions compliance for Volkswagen and is believed to have participated in a scheme to fake emissions levels to meet U.S. government requirements for pollution. Volkswagen cheated U.S. emission

"Obama at Healthcare rally at UMD." Photo by Daniel Borman (dborman2) on Flickr.
05 Jan 2017

How Two Constraints Made Obamacare A Political Disaster

To understand how the Affordable Care Act never became popular, we need to understand two artificial constraints imposed by Obama that doomed it.

"Healthcare Costs." Photo by Images Money on Flickr.
04 Jan 2017

Will Trump Go Along With Paul Ryan’s Plan To Destroy Medicare?

Given President-elect Trump’s commitments and the popularity of Social Security and Medicare, will he go along with Paul Ryan’s plan to destroy the programs?

Mark Zuckerberg on stage at Facebook's F8 Conference. Photo by Maurizio Pesce (pestoverde) on Flickr.
02 Jan 2017

Facebook Partners With Data Brokers For More Information On Users

People regularly ask how Facebook, with its massive data management costs, can offer its service for free. The answer is simple, the product is you.

31 Dec 2016

The One Who Never Got Away: Trader Vincent McCrudden’s Relentless Reckoning

In the wreckage of the 2008 financial crisis many Americans looked for someone to blame. The official explanations came in waves. First there was the “these things just happen” story. It was essentially what Wall Street and Corporate America wanted people to believe, which the mainstream media (owned by them)

29 Dec 2016

Bullpen Roundup for Thursday, December 29, 2016

Daniel Wright runs down some of this week’s overlooked stories on labor, corporate crime, the military industrial complex, and money in politics.

28 Dec 2016

Economic Recovery Is Mostly A Myth For The 99 Percent

The famous United States stock index known as the Dow Jones Industrial Average (or simply the Dow) flirted with approaching a historic high of 20,000. The index, which shows how the largest 30 companies publicly traded in the U.S. are performing, is considered a key indicator of how well U.S.

Deutsche Bank. Photo by Björn Láczay (dustpuppy) on Flickr.
26 Dec 2016

European Banks Settling Mortgage Securities Fraud Cases

Both German Deutsche Bank and Swiss Credit Suisse are settling charges with the U.S. government over their involvement in fraud in the mortgage market.

21 Dec 2016

White House Claims Over 80% Of Low-Skilled Jobs Will Be Automated

Chairman of the White House Council of Economic Advisers claims jobs with a median wage paying less than $20 an hour have an 83% chance of being automated.

19 Dec 2016

Six Generic Drug Makers Caught In Price-Fixing Conspiracy

Attorneys general in 20 states sued six generic drug makers for conspiring to increase prices on generic medications to boost profits.