All Articles on Economy

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A Wall Street Devil Gets Religion ... and an Apt Epitaph
Hallelujah and Holy Smokes! Wall Street has had a "come to Jesus" moment — the biggest sinner on the Street has repented! He is Sandy Weill, the once-lionized dealmaker who turned our banks into financial "supermarkets" that tie us everyday depositors and Main Street borrowers to the profiteering...
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Full Employment Is Possible!
Prominent economists have been expounding for months on the dire consequences of this country’s unemployment crisis. As recently as this May, Dean Baker and Ken Hassett exhorted us to pay vigilant attention. In an op-ed headlined “The Human Disaster,” they described unemployment as “nothing short...
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How the New York Times Tries to Cover Its Ass on Glass-Steagall
So Sandy Weill, former head of Citigroup, woke up one morning this week to the epiphany that the banks are too big to fail and should be chopped up. Well, that’s not exactly cause for bestowing an honor on the guy. After all, he was the chief architect of too big to fail. He was the prime mover...
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Don't Expand NAFTA: A Warning Against TPP
The United States recently announced that Canada and Mexico will join negotiations for the Trans-Pacific Partnership (TPP)—a secretive U.S.-led multinational trade and investment agreement currently being negotiated with eight other countries in the Pacific Rim region. On the other side of the...
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Former Citigroup CEO says 'Break Up the Megabanks'
Widely credited with inventing the 'supermarket model' of financial firm, Sandy Weill's reversal speaks volumes
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EU Defeats ACTA
European Parliament votes against controversial Anti-Counterfeiting Trade Agreement
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For Rio+20: A Charter for a New Economy
The overarching goal at the upcoming Rio+20 summit must be achieving sustainable prosperity for all. Within this broad objective, the subject is bracketed, if you will, by two of the greatest challenges faced by the international community: the greatest social challenge, world poverty, and the...
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German Newspaper's Election Endorsement Sparks Greek Uproar
SZRIZA: "We open the road to hope"
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Spain's Bailout Prompts Greek Fury
Greece, Portugal may see Spain's bailout as motivation to renegotiate their own rescue packages
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Bernie Sanders Sees Threatening 'Aggressiveness Among the Ruling Class'
Governor Scott Walker says that, with his victory in Tuesday’s recall election, he will “tell Wisconsin, tell our country, and we tell people all across the globe that voters really do want leaders who stand up and make the tough decisions…” Actually, cutting taxes for CEOs and corporations and...
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