Tag Archive for Wall Street

Thoreau’s Realometer: Sessions is a Goner — Trump Should Go Too

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Help promote a free and independent watchdog press. Share…“Be it life or death, we crave only reality.” — Henry David Thoreau, Walden The Big Picture – By Glynn Wilson – WASHINGTON, D.C. — Oh how things have changed since Henry David Thoreau’s 1854, when he first published Walden. How things have changed since 1896, when…

The Case for a Tax on Wall Street Trades

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Help promote a free and independent watchdog press. Share… By Robert Reich – One of Bernie Sanders’s most important proposals didn’t receive enough attention and should become a law even without a president Sanders. Hillary Clinton should adopt it for her campaign. It’s a tax on financial transactions. Putting a small tax on financial transactions…

‘The Big Short’ and Bernie’s Plan to Bust Up Wall Street

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Help promote a free and independent watchdog press. Share… By Robert Reich – If you haven’t yet seen “The Big Short” – directed and co-written by Adam McKay, based on the non-fiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession — I recommend you do so. Not…

Hillary, Bernie, and the Banks

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Help promote a free and independent watchdog press. Share…By Robert Reich – Giant Wall Street banks continue to threaten the wellbeing of millions of Americans, but what to do? Bernie Sanders says break them up and resurrect the Glass-Steagall Act that once separated investment from commercial banking. Hillary Clinton says charge them a bit more…

The Big Chill: How Big Money Is Buying Off Criticism of Big Money

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Help promote a free and independent watchdog press. Share…By Robert Reich – Not long ago I was asked to speak to a religious congregation about widening inequality. Shortly before I began, the head of the congregation asked that I not advocate raising taxes on the wealthy. He said he didn’t want to antagonize certain wealthy…

There’s No Correlation Between Work and Worth

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Help promote a free and independent watchdog press. Share…By Robert Reich – What someone is paid has little or no relationship to what their work is worth to society. Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion…

The Rise of the Non-Working Rich

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Help promote a free and independent watchdog press. Share…By Robert Reich – In a new Pew poll, more than three quarters of self-described conservatives believe “poor people have it easy because they can get government benefits without doing anything.” In reality, most of America’s poor work hard, often in two or more jobs. The real…