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Nation Topics - Economy

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The median income of people over age 65 is less than $20,000. The solution is not to cut that further.

Over 100 Americans with CODEPINK and The Nation protested in front of the Ugland House, where some 18,000 corporations hide their tax dollars.

It’s past time for the rule to stop banks from making making risky bets with consumers’ money. But a House committee hearing devoted itself to stalling and lying about the Volcker Rule.

Recent strikes against Walmart and fast food chains made waves, but the vast majority of service workers can’t afford to speak out.

Sallie Krawcheck

Reports say Sallie Krawcheck is a leading condender for SEC chairman, but her résumé should raise a red flag.

For Yolanda Andrews, losing her house would mean losing everything. That's why she's standing up to predatory banking.

We are delighted to announce the winners of The Nation’s seventh annual Student Writing Contest, Andrew Gambrione and Tess Saperstein.

In the aftermath of a superstorm, Americans are finally waking up to global warming. 

A woman walks past a sign on a supermarket window

How a central bank created to exist apart from politics got drawn into bitter political arguments. 

What does the National People’s Action director have in store for Obama’s second term?

Blogs

Vermont senator finishes remarkable protest by urging Americans to "stand up and say, 'that we can do better than this, that we don’t need to drive up the national debt by giving tax breaks to millionaires and billionaires.'"

December 10, 2010

Republican activist Grover Norquist once famously declared that he'd like to shrink the federal government to the point where he could drown it in a bathtub—but a little-noticed provision in the "tax cut compromise" might well drain the states' sinks first.

December 10, 2010

House Democrats can and should focus on getting rid of the massive estate-tax exemption agreed to by President Obama and Senate Republicans. Speaker Pelosi has the arguments—and Thomas Jefferson's warning against allowing "an artificial aristocracy founded on wealth and birth."

December 9, 2010

The Democratic Caucus has rejected the agreement between White House and Republicans.

December 9, 2010

Senator says: "Not only is this bad public policy—driving up the deficit, increasing the growing gap between the rich and everybody else—I think it is bad politics."

December 7, 2010

The president's commission did not get the support needed to force Congressional votes on a proposal to cut Social Security and Medicare. Now is the time for progressives to push Jan Schakowsy's smart alternative.

December 3, 2010

WikiLeaks may be the biggest information explosion this week, but Wednesday's mammoth release of documents pertaining to the Fed's bank bailout program could well spark the most outrage—at least among those not fortunate enough to head a firm on Wall Street.

December 2, 2010

Audit reveals the scope of "emergency" loans. Bernie Sanders wants to know if  "secret Fed loans turned out to be direct corporate welfare to big banks." It's time to expand this investigation—and to conbsider Robert Pollin's proposal to put at least some of this money to work for the US economy.

December 2, 2010

Bank of America shares fell 3 percent on Tuesday after Julian Assange hinted that he had as much as 5 GB worth of their documents revealing some shady behavior.

December 1, 2010

As jobless benefits expire for 800,000 American families, Congressman Jim McDermott says that instead of negotiating with Republicans, Obama and the Democrats should recognize that as far as the GOP is concerned "there’s nothing on the table except ‘Take care of the rich.'"

December 1, 2010
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