If you have something to say...
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If you have something to say...
Say it on the Huffington Post
The Blog
Tavis Smiley believes America has the power to completely eradicate poverty amongst its citizens in a little as ten years. He questions how America could allow the dreams of its people to transform into a nightmare.
More and more voters say they're more likely to support candidates who'll make sure family values don't end at the workplace door, and who understand that for the economy to recover, we need policies like these to help people stay employed and have money to spend at local businesses.
Fun as it may be to beat up on the arrogant Jamie Dimon for the $2 billion-plus derivatives fiasco at JPMorgan Chase, this is like blaming the lion that ate the kid who got too close to its cage at the zoo, rather than going after the guy who allowed such an unsafe cage to be built.
The Fed's mandate needs a massive overhaul, and our government needs to refocus its priorities from bailing Wall Street out of the mess they have gotten all of us into, and focusing on how bailing Wall Street plays out on Main Street.
What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.
In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.
The days of leisurely contemplating and observing our world through the morning and evening newspapers is long gone. The reassuring news coverage of the fixed-time network news has disappeared. We are living in a 24/7 world.
Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.
U.S. acid rain regulations have worked. What's more, they didn't seem to get in the way of the country's longest economic expansion.
Investors are clamoring to get in on the Facebook IPO, and Mark Zuckerberg doesn't really need Wall Street to do it.
It is time to challenge the underlying assumptions of austerity by asking three fundamental questions. (1) Is it fair? (2) Is it working? (3) Is it needed?
America's real problems have nothing to do with what we do in our bedrooms and everything to do with what top executives do in their boardrooms and executive suites. Our crisis has nothing to do with private morality. It's a crisis of public morality.
According to the Federal Reserve, Americans had more than $800 billion in outstanding credit card debt at the end of 2011. So how much credit card debt do most people really have?
There is little question that with enough imagination, technology, money, and political will, cities can continue to be vibrant places to live as their populations grow. But what happens when the principal driver of urbanization (economic opportunity and growth) stalls?
We need to not only take back our economic fate from Wall Street, we need to cleanse our values system of their culture as well.
Last week's shellackings across the Atlantic were bad news for both Democrats and Republicans -- because it will make bipartisan deficit reduction that much spookier for everybody in Washington.
