OH voters reject Republican agenda to limit public unions
In a stinging defeat of the Republican’s national agenda to undermine workers’ rights, voters in the state of Ohio roundly rejected a ballot initiative that would have limited public unions.…
SEC permits fraud by big banks, taxpayers call for real oversight
A recent New York Times investigation of Securities and Exchange Commission (SEC) cases involving fraud by some of the nation’s biggest banks discovered dozens of instances over the last decade…
From “gridlock” to “disaster politics”
The word “gridlock” is commonly used to describe politics as usual in Washington. It signals not only an inability to compromise, but also an inability to govern. Democrats and Republicans…
Republicans reinvent “class warfare”
Yesterday President Obama introduced a new plan to decrease the deficit by another $3 trillion that includes a combination of spending reductions, efficiency goals for programs like Medicare, and tax…
Obama to introduce “American Jobs Act”
In a speech to a joint session of Congress tonight President Obama is expected to unveil a new White House economic strategy to bolster employment. With unemployment at 9.1 percent,…
DOJ blocks AT&T offer for T-Mobile
The Department of Justice filed an anti-trust challenge in court today blocking a $39 billion deal by communications giant AT&T to acquire wireless giant T-Mobile. The move is part of…
Obama appoints labor economist to head economic council
Some temporary signs boosted investor confidence over the weekend, rallying stocks in the first round of trading on Wall Street following the deflationary storm called Hurricane Irene. Investors chose to…
FED stands ready, but does not make a change
In a closely watched speech in Jackson Hole, WY this morning, FED Chairman Ben Bernanke tried to boost investor confidence without announcing a new round of anticipated “quantitative easing” (QE).…