This week a $25 billion settlement was announced in which big banks pay up for a portion of their bad deeds in the home foreclosure crisis. Everyone is trying to determine whether this is a good deal or a bad deal.
Here is how I score it. This deal represents...
312 Comments | Posted January 22, 2012 | 1/22/12
Rumor has it that on Monday, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis -- paying a tiny fraction of what's needed in exchange for blanket immunity from future...
41 Comments | Posted January 12, 2012 | 1/12/12
Martin Luther King day is one of our only national holidays committed to honoring social and racial justice. Yet too often it has been watered down to a Hallmark card -- a weak commemoration of one of the most inspiring individuals and formative eras in American history.
It's time for...
Posted November 23, 2011 | 11/23/11
The big buzz on cable news this week is that the Super Committee failed when it couldn't come to a compromise on how to cut the federal budget by $1.5 trillion.
But the truth is that the American people won.
And now, we must keep on winning.
Posted November 22, 2011 | 11/22/11
If you wanted one word to sum up this year, it's "noisy." From Tahrir Square to Zuccotti Park, people who have gotten tired of the old politics have started grabbing the microphone away from the authorities and speaking themselves. And not just speaking; chanting, drumming, singing-conjuring up a new future.
...Posted November 10, 2011 | 11/10/11
Yesterday evening, something historic happened in the homes, campuses, and community centers of America. From Biloxi, Mississippi to Monrovia, California, more than 4,000 people attended 375 teach-ins -- all volunteer-driven -- to learn "How the 1% Crashed the Economy, and What We Can Do About It."
The Occupy Wall...
Posted November 7, 2011 | 11/7/11
In the first major election since Occupy Wall Street swept the nation, Ohioans have a chance on Tuesday to repeal draconian restrictions on labor rights. A victory for the "No on 2" forces would mark the first sign that the new upsurge in progressive energy is capable of...
Posted November 4, 2011 | 11/4/11
Just this week, Rebuild the Dream (an organization that I helped to found) launched a Move Your Money website, where people are pledging to close their accounts at Wall Street banks in protest of their outrageous behavior before, during, and after our nation's financial crash. I am stunned...
Posted November 2, 2011 | 11/2/11
The giant cries of protest sweeping across the country are starting to reverberate in the halls of Congress. Senator Tom Harkin (D-IA) and Representative Peter DeFazio (D-OR) are proposing a Wall Street Tax. Their bill would establish a tiny financial transaction tax of 0.03% on every single trade of stocks,...
Posted October 31, 2011 | 10/31/11
America and the world owe a great debt to Occupy Wall Street for making the problem of economic inequality impossible to ignore. The tiny spark that began in Zuccotti Park just six weeks ago has triggered a major shift in the national dialogue on inequality, our economy and our democracy....
Posted October 26, 2011 | 10/26/11
"If #occupyoakland was in Damascus, U.S. State department would be telling Wolf Blitzer how unacceptable it was to teargas peaceful marchers." @techsoc
As two activists who have called Oakland home, we are appalled at the events of our city in the last 36 hours. Last night...
Posted October 21, 2011 | 10/21/11
People around the world breathed a sigh of relief today as President Obama announced that he would keep his campaign commitment to wind down the war in Iraq. And families across our country are overjoyed that they will have their loved ones home for the holidays.
Unfortunately for many...
Posted October 13, 2011 | 10/13/11
New York Mayor Michael Bloomberg is making a cowardly attempt to end Occupy Wall Street, the anchor of a movement that has captured the hearts and minds of the country in just four weeks. Tomorrow at 7 a.m., under Bloomberg's orders, the NYPD will evict the 99%.
Unless...
Posted September 30, 2011 | 9/30/11
Wall Street has long been the home of the biggest threat to American Democracy. Now it has become home to what may be our best hope for rescuing it.
For everyone who loves this country, for everyone whose heart is breaking for the growing ranks of the...
Posted July 25, 2011 | 7/25/11
Enough is enough.
Speaker Boehner's decision last week to walk out in the middle of negotiations with President Obama was the last straw.
The time has come -- at long last -- for America's super-majority to stand up against the extreme, hostage-taking tactics...
Posted July 21, 2011 | 7/21/11
Last month, I joined with MoveOn.org and launched the Rebuild the Dream campaign to help give a voice to the millions of Americans who aren't being heard in Washington. This past weekend, we organized nearly 1,600 house meetings across the country -- nearly double the number of protests...
Posted April 18, 2011 | 4/18/11
Four-hundred student leaders of all political persuasions rallied on Capitol Hill recently, demanding public investment in higher education. They held a press conference and conducted 100 congressional visits. Their message?
That's right. WTF. Where's the Funding?
In the 1950s, college was practically free. Some of our parents...
Posted April 1, 2011 | 4/1/11
Day after day, the media and government ignore an ongoing national tragedy: a tsunami of foreclosures is still sweeping millions of Americans out of their homes. As many as three million American families this year will hear a terrifying knock on the door: a law enforcement officer will tell them...
Posted February 22, 2011 | 2/22/11
In the past 24 months, those of us who longed for positive change have gone from hope to heartbreak. But hope is returning to America -- at last -- thanks largely to the courageous stand of the heroes and heroines of Wisconsin.
Reinvigorated by the idealism and fighting spirit on...
Posted January 31, 2011 | 1/31/11
President Obama's second State of the Union address set forward a bipartisan framework aimed at unleashing a clean energy revolution in America. Touching on everything from solar and wind power (hooray!), to nuclear power, to "clean" coal (sigh), the president seemed to leave no stone unturned in his quest for...

5 Comments | Posted February 10, 2012 | 2/10/12