The 2012 presidential election may go down as one of the strangest political seasons in recent memory, for the simple reason that the influence of the financial sector in politics, policy and the economy has caused Republicans to sound like Democrats and Democrat to sound like Republicans — usually with confounding results.
In one short decade, home ownership has gone from being the Holy Grail of middle-class financial achievement to a very risky financial ball-and-chain.
Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today. You’re fucked.
My first reaction to the now-famous Washington Post story of how an 18-year-old Mitt Romney bullied and assaulted a...
The 1 percent includes Ed Asner, Bono, Mike Farrell, Bette Midler, Sean Penn, Rob Reiner, Tim Robbins, Susan Sarandon, Barbra Streisand and thousands of other millionaire celebrities who have willingly put their reputations and money on the line to fight for the important social, economic, and political causes that should be the ones that define America as a land of freedom and opportunity, and which would be supported by most of the nation’s Founding Fathers.
J.P. Morgan Chase & Co., the nation’s largest bank, whose chief executive, Jamie Dimon, has led Wall Street’s war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face an additional $1 billion of losses, due to excessively risky bets.