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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 --...

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...

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...

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.

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,...

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.

Happiness in the Post-Shopping Economy

Don McNay | Posted 05.25.2011 | Business
Don McNay

My late mother used shopping as a hobby. If she were still alive, I wonder if she would be looking for something else to occupy her time. It seems many Americans are.

It's Time to Teach Children About Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

Move Your Money: Tell Us About Your Local Bank

Huffington Post | Adam Clark Estes | Posted 05.25.2011 | Business

Take the pledge to Move Your Money! As national banks soak up bailout dollars, cut lending, and exploit overdraft fees, a number of Americans have de...

The Parable of the Unmerciful Bankers

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.

Postage and Other Economic Outrages Against Soldiers

Don McNay | Posted 05.25.2011 | Business
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Don McNay

America ships soldiers off to Afghanistan and Iraq for free. If you come back in a body bag, they ship that back for free, too. However, we make families who send soldiers socks, food and underwear pay shipping costs.

Obama Year One: The Public Is A Trust, Not An Option

Dan Siegel | Posted 05.25.2011 | Politics
Dan Siegel

One year since an historic election, where the Obama administration has fallen short in our hopes for a truly new direction, one finds the central conflict to be between public good and private gain.

Is There a Change In the Weather at Goldman Sachs?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

A news item appeared this week that at least seems to offer reasonable hope that Goldman is beginning to use its good fortune to help remedy the foundering fortunes of Main Street America.

Arianna: Move Your Money And Make Too-Big-To-Fail Banks Smaller (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

Arianna appeared on Countdown with Keith Olbermann Thursday to explain Move Your Money, a project that encourages Americans to fight back against Wall...

Escape from Pottersville: The North Dakota Model for Capitalizing Community Banks

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Where can our floundering community banks get the capital to make room on their books for substantial new loans? An innovative answer is provided by the state of North Dakota.

2009: The Year Wall Street Bounced Back and Main Street Got Shafted

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

If 2009 has proved anything, it's that the bailout of Wall Street didn't trickle down to Main Street. Mortgage delinquencies continue to rise. And people everywhere, it seems, are worried about losing their jobs.

Has Obama Sold Out?

Bob Burnett | Posted 05.25.2011 | Politics
Bob Burnett

2009's biggest story was not the economy, health care, or the escalation of the war in Afghanistan, but rather the resurrection of America's largest b...

Washington: Totally Disconnected From Main Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.