Economy

Punching a Hole in the Bubbles

In America, bubbles come in two forms: how Wall Street insiders suck in a sucker’s money before the speculative bubble pops and how those same scam artists stay inside a protective bubble to spare themselves from the fallout. In this autumn of national discontent, Phil Rockstroh sees hope for real change.

Free Market v. Government Intervention

Exclusive: Backed by a powerful right-wing media and aggressive Tea Party activists, Republicans appear unafraid of any political risks from their out-of-hand rejection of President Barack Obama’s jobs bill. The GOP senses its anti-government message remains potent, writes Robert Parry.

‘Occupy’ Movement Surfaces in Tulsa

The “99 Percent” movement continues to grow, surfacing not only in New York, Washington and other major cities like Boston, Chicago and Los Angeles – but in smaller cities, even in conservative bastions like Tulsa, Oklahoma, as Richard L. Fricker reports.

GOP Sees ‘Mob’ in Wall St. Protests

The Republican complaint that any talk about raising taxes on the rich is “class warfare” has now refocused on the protests against Wall Street greed as an example of “mob” rule, instigated by President Barack Obama. But Danny Schechter finds the GOP accusation absurd.

Washington Protest Stays Put

Across the United States, the 99 Percent Movement is occupying more and more parks to protest America’s growing economic inequality. In Washington DC, activist Kevin Zeese reports on the protest at Freedom Plaza near the Treasury building.

Reagan’s ‘Greed Is Good’ Folly

Exclusive: For three decades, the United States has undertaken an extraordinary social experiment, incentivizing greed among the richest Americans by cutting their top tax rates in half or more. The results are now in from Ronald Reagan’s bold gamble and Robert Parry says they aren’t good.

Occupying the Heart of the Beast

Finally, a truly “populist” movement – not like the Tea Party funded by billionaires to serve the interests of billionaires – has arisen in America to challenge the growing economic inequities in U.S. society. Phil Rockstroh found his time with the “99 Percent” movement at the newly dubbed Liberty Plaza invigorating.

From Boston with the “99 Percent”

The “99 Percent” movement – arising across the United States – represents the first major public manifestation of disgust and fury at the rampant greed that has concentrated the nation’s wealth with the top “One Percent.” Economic journalist Mark Provost reports on his experience at one front in Boston.

US Pols Say the Darnedest Things

As American politics continues its sorry decline – with many elected officials now sounding as goofy as any loud-mouth radio host – there are more and more suggestions about the need for reform, as Michael Winship observes.

‘Occupy Wall Street’ Movement Grows

The economic distress caused by out-of-control Wall Street greed finally has prompted a dramatic public response in the form of protesters occupying a park in the Financial District of New York City. Slowly, the movement has attracted broader support, reports Danny Schechter.