Finance


David Cay Johnston

If you’re wondering why ordinary Americans aren’t even close to achieving economic prosperity nearly five years after the official end of the Great Recession, you should pay close attention to the proposed $45 billion takeover of Time Warner Cable by Comcast. (more…)

Truthdig

Massachusetts Sen. Elizabeth Warren has proposed expanding post office offerings to include banking as a way to bring more basic services to low-income neighborhoods. (more…)

Libya’s sovereign wealth fund is suing banking giant Goldman Sachs for “deliberately exploiting” its position to make $350 million profit on $1 billion worth of failed derivative trades, London’s High Court announced Thursday. (more…)

Rawstory

Children at a Utah elementary school were in tears on Wednesday after a district nutrition manager seized the lunches of up to 40 students over negative account balances. (more…)

David Cay Johnston Newsweek

Anyone in a public-sector job looking forward to retiring in comfort should look carefully at what is going on in Detroit and Springfield, Ill. Sherlock Holmes would call it the case of the missing pension money. (more…)

It was the worst winter in 200 years and I had never worn a scarf or owned a coat.

John Pilger   New Statesman

England is two countries. One is dominated by London, the other remains in its shadow. (more…)

I spent most of my career studying the economic pressures on middle class families – families who worked hard, who played by the rules, but who still found themselves hanging on by their fingernails. Starting in the 1970s, even as workers became more productive, their wages flattened out, while core expenses, things like housing and health care and sending a kid to college, just kept going up. (more…)

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust. The British got Ireland’s food exports, while at least one million Irish died from starvation and related diseases, and another million or more emigrated. (more…)

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