On the eve of the president’s State of the Union address and the World Economic Forum, Oxfam is predicting a widening wealth gap and pointing a finger at the millions of dollars spent on lobbying in the United States for allowing the super wealthy to enrich themselves. Continue reading
With the unemployment rate dipping below 6 percent for the first time since the summer of 2008, and payroll gains of 248,000, September’s headline employment data points to a real economic recovery — with jobs. But last month wasn’t so positive for all Americans. Continue reading
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress Tuesday on the flap over AIG bonuses and called for increased regulatory powers. Analysts assess the real-world impacts of strengthening financial regulation. Continue reading
- The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it?
Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The “experts” all seem to be on the side of the status quo, but maybe this is contributing … Continue reading