Reprinted from Alternet By Lynn Stuart Parramore The new “red-state model” seeks to turn your state into Mississippi. The GOP has plans for a comeback. But it may cost you a lot. The idea is to capitalize on recent Republican state takeovers to conduct an austerity experiment known as the new “red-state model” and prove…
Here Bill Moyers interviews Matt Taibbi on the way that the Obama administration’s Too-Big-to-Jail policy has corrupted the rule of law in our entire society. Taibbi believes that the most insidious consequence of this policy is the creation of a two-tiered society consisting of non-arrestables (the banksters) and arrestables (the rest of us). MATT…
Editor’s Note: Economic illiteracy reigns in D.C. The austerity prescription that Robert Reich completely eviscerates in the following blog posting is the modern economic equivalent of medieval bloodletting, and yet it’s what passes for wisdom among most politicians today. Expect more of the same, with no help soon. Reprinted from robertreich.org By Robert Reich We…
Yves Smith, founder of the extremely popular economics blog, Naked Capitalism, today published major new installments in her ongoing investigative report on the “foreclosure review process which was set forth in consent orders issued in April 2010.” Her report is entitled, “Bank of America Foreclosure Reviews: Whistleblowers Reveal Extensive Borrower Harm and Orchestrated Coverup.”…
A fascinating article in the New York Times a couple of days ago explains how the temp worker industry evolved from a marginal phenomenon with an uncertain future in the 1940s to a behemoth employing over 3 million temps a day by the turn of the century. The author of the article, Erin Hatton, assistant…