Walmart Stock Crashes After Company Pays Workers Slightly More
Did you need more proof that Walmart’s business model is based on screwing their workers?
Virtues Of Capitalism Become Issue At 2016 Democratic Debate
While much of the corporate media obsesses over who “won” last night’s 2016 Democratic presidential debate, few are recognizing a much more noteworthy aspect of yesterday’s proceedings. For the first time in a long time, Americans witnessed a substantive discussion on the virtues of capitalism in a mainstream party debate.
Less Than 400 Families Contribute Most Of 2016 Presidential Funds
How much longer can America’s plutocracy be denied? A recent report by The New York Times reveals that 158 of the richest families are now providing a “financial check on demographic forces” that are moving the country in a more progressive direction by contributing nearly half of all early money
Former JPMorgan Vice President Alleges Money Laundering Cover-Up
Last Friday, JPMorgan successfully got a whistleblower lawsuit from former VP Jennifer Sharkey tossed out of federal court.
Former Fed Chair Bernanke Says Bankers Should Have Been Jailed For ’08 Crash
Former Federal Reserve Chairman Ben Bernanke, who engaged in his own questionable conduct while head of the Fed, has now said that individuals should have gone to jail for engaging in the financial crimes that led to the 2008 financial crisis. Bernanke’s statement came last week during a book promotion
Brookings Firing Exposes Rift Between Elizabeth Warren And Hillary Clinton Supporters
Robert Litan’s resignation from the Brookings Institution exposed some fault lines within the Democratic Party.
[UPDATE] Brookings Institution Under Fire For Wall Street Shilling
Sen. Elizabeth Warren says Brookings Institution, the well-known think tank, helped Wall Street block a rule revealing potential conflicts of interest in retirement investment advice.
No Disclosure Of Foreign Participants In Corruption Probe Of BNY Mellon
Last August, the SEC reached an agreement with BNY Mellon wherein the bank paid $14.8 million to settle charges that the company violated the Foreign Corrupt Practices Act (FCPA) by hiring unqualified interns in exchange for continued access to an unnamed “Middle Eastern Sovereign Wealth Fund.” Not only was the sovereign wealth fund involved in the corruption not named, neither where the two officials who asked for jobs for their relatives.
SEC Commissioner’s Husband Caught Marketing Influence
The law firm that employs John W. White, husband of Mary Jo White, Chairperson of the Securities and Exchange Commission (SEC), has changed its marketing material after being scrutinized for the way the firm advertised its connections to regulators. The firm, Cravath, Swaine & Moore, was trumpeting John White’s work for an advisory group to the influential Public Company Accounting Oversight Board (PCAOB) just as Mary Jo White, in her capacity as SEC chair, is considering candidates to lead the PCAOB.
California Teachers’ Pensions May Embrace Hedge Funds
The hedge fund industry continues to expand its influence throughout the US economy and financial system despite having a lackluster performance record. The latest catch is a true whale, the California State Teachers’ Retirement System, a pension fund worth approximately $119 billion that serves roughly 880,000 active and retired school employees.