iOS app Android app

Main Street

Do Companies Care About Ordinary People?

Dr. Leslie Gaines-Ross | Posted 05.25.2011 | Business
Dr. Leslie Gaines-Ross

How could there be any doubt that the CEO's company, or any responsible company for that matter, cares deeply about public sentiment and what is now commonly referred to as "Main Street?"

Divergence, of Course

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Despite the excitement over the stock markets, credit markets remain ground zero. They are where defaults destroy fortunes but they are also crucial to US industrial growth.

Arianna Calls Out Kudlow For Dow '50,000' Prediction, Urges People To Ditch Bailed Out Banks (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna was on CNBC's "The Call" today to discuss the Move Your Money campaign. Host Larry Kudlow challenged the idea of switching money from big ban...

Deck the Halls With Boughs of Economic Folly

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Anyone who thinks the U.S. is headed back to normality in terms of economic growth and employment is simply not looking at the facts.

TARP For Small Businesses: White House Looks To Bring Wall Street Rescue To Main Street

Washington Post | David Cho | Posted 05.25.2011 | Business

The Obama administration is developing a major initiative to tackle the economic and political problem of unemployment by getting federal bailout fund...

IMF: Another Bailout would 'threaten democracy'

Times Online | Angela Jameson and Elizabeth Judge | Posted 05.25.2011 | Business

Dominique Strauss-Kahn told the CBI annual conference of business leaders that another huge call on public finances by the financial services sector w...

Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 05.25.2011 | Politics

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

Christian Science Monitor: Mad About The Bailouts? Move Your Money

Christian Science Monitor | Posted 05.25.2011 | Business

Mad about the bank bailouts? Had enough of huge bonuses and too-big-to-fail apologies? Take your money out. That's right. Take your checking and savi...

Main Street Lags Far Behind Wall Street In Recession Recovery

BusinessWeek | Moira Herbst | Posted 05.25.2011 | Business

On the one hand, the Dow Jones industrial average once again danced around 10,000 last week. If U.S. gross domestic product rebounds as expected on Oc...

Move Your Money Success Stories

Huffington Post | Adam Clark Estes | Posted 05.25.2011 | Business

Take the pledge to Move Your Money! Nearly a week ago, Arianna Huffington and Rob Johnson launched the Move Your Money campaign urging Americans to s...

Ride the Populist Wave: Restore Glass-Steagall!

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Populism is not so much a political stance (as "conservatism" is, for instance) as it is a political tactic. Meaning it can be used equally well by either side of our current American political divide.

Obama's Universal Approach Leaves Many Excluded

John A. Powell | Posted 05.25.2011 | Politics
John A. Powell

There is a misplaced assumption that because African-Americans are more likely to be unemployed or poor, the policies designed to create jobs will benefit them evenly or in proportion to their disadvantage.

The Next Trillion Dollar Federal Giveaway To Mega-Banks: Shooting Main Street Lenders For The Sins Of Wall Street

Howard Glaser | Posted 05.25.2011 | Business
Howard Glaser

The Frank and Dodd regulatory reform bills are terribly drafted provisions which will strike a death blow to "main street" lenders and hand over a multi-trillion dollar mortgage market to a few large financial institutions.

Geithner Is "Obama's Rumsfeld": Replace Him With Robert Reich

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

Geithner is a continuing liability for this President. By stepping down, he can rightly claim some successes, while also presenting an opportunity for Obama to appoint a Treasury Secretary who fights for Main Street.

Rewarding Failure: Banks Set To Offer Record Bonuses

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

The future of the US is in a deep pile of dirty diapers if we willingly and knowingly continue to destroy capitalism by rewarding the behavior of failures.

Bankers Expect Rising Bonus Pay To Break Records

Bloomberg | Robert Schmidt and Ian Katz | Posted 05.25.2011 | Business

In Washington and on Main Street, politicians and voters are railing against Wall Street's multi- million-dollar pay packages. In the financial world,...

Following Palin in Hong Kong

Cameron Sinclair | Posted 05.25.2011 | Politics
Cameron Sinclair

I found myself in an odd situation of keynoting the same event as Sarah Palin in Hong Kong. I ended up tweeting the talk, and other than her comment on the Fed, I think it's somewhat accurate.

Credit Card Delinquencies Up, Worst Yet To Come

Posted 05.25.2011 | Business

Despite optimistic pronouncements from the nation's financial stewards, a recovery is not in the cards. At least not anytime soon, judging by the late...

Tone Deaf? The White House and Unemployment

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

If unemployment figures are really "unacceptable," why is Larry Summers accepting the forecast -- and repeating it -- instead of telling us how the White House plans to change it?

Why Obama Won't Be Able to Reform Wall Street

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

Obama won't be able to change the course our financial system is on unless he takes on the bankers and their hordes of lobbyists who continue to dictate policy in DC.

The Lottery Question

Don McNay | Posted 05.25.2011 | Business
Don McNay

Everyone has dreams and desires but usually keep them hidden, back in the recesses of their minds. The lottery question gets those dreams and desires out in the open, on the front burner.

Shahien Nasiripour

Bank Numbers Reveal Troubling Trend On Main Street | Shahien Nasiripour | Posted 05.25.2011 | Business

More than one in four U.S. banks are unprofitable, a number fueled by rising numbers of bad loans, the FDIC announced Thursday. The percent of banks ...

The Bonuses and the Damage They Do

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

This is a story we know too well: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for the former while working hard and playing by the rules leads to unemployment and foreclosure for the latter.

Why the Senate Should Confirm Bernanke But Make the Fed More Accountable, Too

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

If you'd have asked me three months ago whether Bernanke would be confirmed, I'd have said no. Congress (and much of the public) is still furious about the bank bailouts, as well they should be.

Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 05.25.2011 | Business
Don McNay

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.