The world’s richest people added a combined $21.4 billion to their collective net worth this week as the wealth gap between billionaire Carlos Slim and Eike Batista widened to more than $50 billion. Batista’s net worth fell $4 billion. Shares… Read More ›
For a certain segment of the Ron Paul fanbase, no evidence of his disseminating hateful, paranoid material will ever be enough. Citing James Kirchick’s piece in The New Republic wasn’t sufficient, because Kirchick could have just been “making everything up.”… Read More ›
By Pat Garofalo JP Morgan Chase CEO Jamie Dimon testified on Capitol Hill today for the second time in two weeks, appearing before the House Financial Services Committee to discuss the trading debacle that has cost his bank billions of… Read More ›
by Ashley Lutz This infographic created by Jason at Frugal Dad shows that almost all media comes from the same six sources. That’s consolidated from 50 companies back in 1983. NOTE: This infographic is from last year and is missing… Read More ›
Preliminary Remarks On June 6th 2012, the long-anticipated results of the recall election for Wisconsin Governor Scott Walker came to its end, resulting in a victory for Republican Scott Walker over Democratic Tom Barrett. Walker won with a leading percentage… Read More ›
By STEVE OSUNSAMI and KATIE HINMAN Ephren Taylor stepped into the pulpit with the ease of preacher’s son, taking the microphone at the New Birth Baptist Church in Atlanta, where the powerful pastor Eddie Long was introducing him to the… Read More ›
by Malav Kanuga Origins of an unlimited general strike (“grève générale illimitée”) Students in Quebec are marking their 100th day of an unlimited general strike on Tuesday, May 22nd, the culmination of the most stunning mass protest movements of recent… Read More ›
Coca Cola worker in Connecticut walk off the job in response to attempts to reduce pay and benefits, and implement redundancies. Workers from the Teamsters 1035 branch in Connecticut went on strike yesterday over job security, pay rises, health benefits,… Read More ›
The Dangers of High-Frequency Trading by SARAH ANDERSON The power suits making billions off the stock market are always trying to assure us that their trading serves a socially redeeming purpose. They steer money to companies and industries that make… Read More ›
How the US Government is Profiteering Off of Struggling Students by DAVE LINDORFF The Senate is currently deadlocked on taking action to prevent the interest on new Stafford guaranteed student loans from rising on July 1 from 3.4% to 6.8%,… Read More ›
A neo-Nazi party that wants work camps for immigrants is on course to win its first seats in parliament on Sunday by Daniel Howden It started, as many days do in Greece, with a trip to the kiosk to buy… Read More ›
by LAURA GOTTESDEINER This week, thousands are descending on North Carolina for the Bank of America shareholders’ meeting. The protest comes on the heels of the successful Wells Fargo shareholder event in San Francisco, where thousands of protesters shut down… Read More ›
SEOUL, South Korea (AP) – South Korea unveiled new cruise missiles on Thursday that it said could hit any target in North Korea, and warned Pyongyang it would immediately retaliate against any provocation. The announcement follows a failed North Korean… Read More ›
The Red Phoenix 