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Tag Archives: wall street
America is still a deeply racist country
By Chris Arnade A week after Barack Obama was elected president in 2008, I walked into my old hometown bar in central Florida to hear, “Well if a nigger can be president, then I can have another drink. Give me a … Continue reading
Posted in News from the Soul Brother
Tagged Florida, Hunts Point, income inequality, New York, poverty, race, racial inequality, The Bronx, United States, wall street
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The pope takes on economics’ pro-rich bias
By Edward Hadas The leading theories of economics and finance are usually produced for the rich. Pope Francis deserves praise for suggesting an economics for the poor. The typical criteria of economic success – such as efficient pricing, fully competitive … Continue reading
Posted in News from the Soul Brother
Tagged Capital Asset Pricing Model, Catholic, Economic, finance, income inequality, poor, Pope Francis, poverty, wall street, wealth
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Trickle-down economics has made America an “indecent society”
By Robert Reich It’s the season to show concern for the less fortunate among us. We should also be concerned about the widening gap between the most fortunate and everyone else. Although it’s still possible to win the lottery your … Continue reading
6 Ways Sen. Warren’s ‘No Credit Checks for Hiring’ Bill Helps All of Us
By Richard (RJ) Eskow This week Sen. Elizabeth Warren and six colleagues introduced the Equal Employment for All Act, which would make it illegal for employers to disqualify job applicants based on their credit scores. It’s an admirable and important … Continue reading
Posted in News from the Soul Brother
Tagged Credit score, Elizabeth Warren, Mortgage loan, United States, wall street
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How Wall Street Power Brokers Are Designing the Future of Public Education as a Money-Making Machine
By Anna Simonton Given that Arthur Rock has a net worth of $1 billion, lives in California and spends his time heaping money on tech startups (with the mantra, “Get in, get out,” as his guide), a local school board … Continue reading
Top 10 Ways the US Is the Most Corrupt Country in the World
By Juan Cole Those ratings that castigate Afghanistan and some other poor countries as hopelessly “corrupt” always imply that the United States is not corrupt. VOA reports : While it is true that you don’t typically have to bribe your … Continue reading
Merrill Lynch Set To Pay Largest-Ever Racial Discrimination Settlement
By Alan Pyke Eight years after a group of black financial advisers filed a lawsuit alleging their bosses systematically steered the most profitable business to white employees, Merrill Lynch is preparing to pay the largest racial discrimination settlement ever. In … Continue reading
Posted in News from the Soul Brother
Tagged african american, business, discrimination, Financial adviser, lawsuit, Merrill Lynch, race, racism, wall street
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US fast-food workers in vanguard of growing protests at ‘starvation’ wages
By Edward Helmore McDonald’s in New York’s Times Square, in midsummer. The fast food store heaves with native New Yorkers and tourists, including a table of Filipino nuns and a troupe of burlesque actors. The staff, remarkably unstressed, offer only … Continue reading
Posted in News from the Soul Brother
Tagged employment, fast food, Living wage, McDonald, minimum wage, money, New York, Times Square, United States, wages, wall street, Walmart
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‘A Dream Foreclosed’: How Financial Predators Created a Crisis That Led to 10 Million Americans Being Evicted
By Amy Goodman and Laura Gottesdiener As President Obama heads to Phoenix today to tout the “housing recovery,” journalist Laura Gottesdiener examines the devastating legacy of the foreclosure crisis and how much of the so-called recovery is a result of … Continue reading
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‘There are now two Americas. My country is a horror show’
By David Simon America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of … Continue reading →