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The Next Great Recession Will Occur in This Decade

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

I am writing a novel. It is about the next Great Recession that will occur in this decade. The book's subtext will cite the next Great Real Estate Bub...

Jim Wallis Talks Wall Street Ethics, Move Your Money On 'The Tavis Smiley Show'

The Tavis Smiley Show | Posted 05.25.2011 | Business

Tavis: Always pleased to welcome Jim Wallis to this program. The president and editor-in-chief of "Sojourners" is also a best-selling author whose lat...

On the great bonus debate

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Every once in a while something occurs that suggests you're just talking to yourself. Last week I spoke briefly to radio's Marketplace about a short p...

Weekly Audit: Fighting Economic Inequality in Haiti and at Home

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Zach Carter, Media Consortium Blogger Rampant poverty can't be written off as the result of historical accident or a worker's incompetence. It is ...

Showdown in Chicago

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.

Morgan Stanley Pay Packages: Firm Reportedly Considering Revising How Top Execs Are Compensated

AP | Posted 05.25.2011 | Business

NEW YORK — Morgan Stanley is considering the way it compensates its top executives, looking to defer more pay and benchmark salaries against riv...

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011 | Business

As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

Goldman Sachs Traders: Firm's Ethos Fading With Blankfein As CEO

New York Times | JENNY ANDERSON | Posted 05.25.2011 | Home

...Current and former Goldman executives say Mr. Blankfein has built a money machine that, while it still values its customers, culture and reputation...

Goldman Bonuses Will Be Paid In Company Stock - At Least For Top Execs

Financial Times | Justin Baer, Francesco Guerrera and Tom Braithwaite | Posted 05.25.2011 | Business

Top Goldman Sachs executives are this year likely to receive their annual bonus in stock rather than cash as part of a wider pay review that could aff...

Lloyd Blankfein Has A Reality Problem

Andy Stern | Posted 05.25.2011 | Business
Andy Stern

Lloyd Blankfein doesn't get it. If he really wants to change Goldman Sachs' image, he's got to change reality.

WSJ: AIG CEO Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 05.25.2011 | Business

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

'Daily Show' On Wall St. Bonuses: 'Banks Are Made Of Balsa Wood Held Together By Baby Tears' (VIDEO)

Posted 05.25.2011 | Business

Outrage at Wall Street bonuses hasn't escaped the folks at 'The Daily Show'. Jon Stewart took on the ballooning compensation in the financial sector o...

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,...

Bonus Bingo Resumes As Financial Crisis Commission Convenes

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

It remains to be seen if the public has the energy to spend on the billion-dollar payouts at the nation's largest firms, but we'll likely hear a sober defense from the industry.

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 05.25.2011 | Business
Matthew Filipowicz

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

What Does $22 Billion in Goldman Bonuses Buy?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Iceland, at 1.32 times 2008 GDP, Avatar tickets for everyone living in China, the US, Indonesia, and Japan combined, one week at New York's Four Seasons Hotel for every homeless person in the US.

Arianna Discusses Afghan War And Huge Wall Street Profits On CNN

Huff TV | Posted 05.25.2011 | Media
Huff TV

Arianna appeared on CNN's The Situation Room Monday, along with Gloria Borger, Joe Johns and Ben Stein. She discussed the Afghan War, huge Wall Street...

Pay Czar Agrees To Boost Unnamed AIG Exec's Pay Package By $4 Million

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance gia...

Blankfein Interview: Goldman Sachs CEO Lloyd Blankfein Says Firm Got No Special Treatment, Plans Bonuses For 2009

The Wall Street Journal | HOLMAN W. JENKINS JR. | Posted 05.25.2011 | Business

Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein profe...

Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'

Posted 05.25.2011 | Politics

President Obama takes aim at "fat cat bankers" and their aggressive lobbying efforts to defeat financial reform in an upcoming 60 Minutes interview se...

Thankful, Well Not So Very Much

Chris Durang | Posted 05.25.2011 | Politics
Chris Durang

I have many things I feel thankful about in my life. But in terms of our country and our planet -- hmmm. Not feeling so confident, so up, so grateful. And about Barack Obama -- well I feel very disappointed. There, I've said it.

HuffPost Editor Roy Sekoff Talks About Obama's Bank Tax: 'It's A Start' (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

HuffPost Editor Roy Sekoff appeared on The Ed Show Thursday night to weigh in on the new bank tax put forward by President Obama. While Sekoff called...

The Problem With a Jobs Bill -- And With Everything Else

Dave Johnson | Posted 05.25.2011 | Politics
Dave Johnson

As long as our economy is structured to pass everything up to a few at the top, stimuli can't work well, and jobs bills can't work well, either. Neither can anything else.

Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online | John Arlidge | Posted 05.25.2011 | Business

Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...

Shahien Nasiripour

Obama to Push Tax On Being 'Too Big To Fail' | Shahien Nasiripour | Posted 05.25.2011 | Business

President Obama will unveil on Thursday a proposed levy on the nation's biggest financial firms structured not just to repay taxpayers for the bank ba...