Banking

Traders work on the floor of the New York Stock Exchange during afternoon trading on January 22, 2024, in New York City. The Dow Jones and S&P both hit all-time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue to rise.

Why We Need a “Doug Jones” More Than a Dow Jones Why We Need a “Doug Jones” More Than a Dow Jones

On the Magnificent Seven and market myths.

Jan 30, 2024 / Katrina vanden Heuvel

James Stewart, as George Bailey, points at Lionel Barrymore in a scene from “It's a Wonderful Life.”

Whose “It’s a Wonderful Life” Is It Anyway? Whose “It’s a Wonderful Life” Is It Anyway?

How everybody’s favorite Christmas movie about the perils of monopoly capitalism became a victim of monopoly capitalism.

Dec 25, 2023 / Ray Nowosielski and David Cassidy

It's a Wonderful Life still, banking, bankers

In Defense of the 30-Year Mortgage In Defense of the 30-Year Mortgage

A recent New York Times column argued that the long term fixed-rate loan popular with US homebuyers is unfair to banks. In fact the arrangement—a fruit of the New Deal—is somethin...

Nov 23, 2023 / James K. Galbraith

Can I Google That?

Can I Google That? Can I Google That?

Google’s antitrust lawsuit.

Oct 27, 2023 / OppArt / Paul Karasik

We Are Witness to Our Self-Destruction

We Are Witness to Our Self-Destruction We Are Witness to Our Self-Destruction

Fossil fuels, profits of doom.

Oct 6, 2023 / OppArt / Peter Kuper

National Hispanic-Latinx Heritage Month

National Hispanic-Latinx Heritage Month National Hispanic-Latinx Heritage Month

Latinos contributed a record-breaking $3.2 trillion to the US economy in 2021 (equivalent to the fifth-largest economy in the world), according to a new study by UCLA researchers.

Oct 4, 2023 / OppArt / Andrea Arroyo

Rent Hikes

Rent Hikes Rent Hikes

As rents continue to increase in some cities in the USA, eviction filings jump over 50% above pre-pandemic levels.

Jul 13, 2023 / OppArt / Andrea Arroyo

Former Treasury secretary and current Harvard professor Larry Summers listens to remarks during a discussion on low-income developing countries at the annual IMF and World Bank Spring Meetings, April 13, 2016, in Washington, DC. / AFP / Mike Theiler (Photo credit should read MIKE THEILER/AFP via Getty Images)

Larry Summers and the Crisis of Economic Orthodoxy Larry Summers and the Crisis of Economic Orthodoxy

The establishment’s repeated failures are creating room for heterodox ideas.

Jun 16, 2023 / 150th Anniversary / Jeet Heer

A Cleaner World Lies in Nationalized Banking

A Cleaner World Lies in Nationalized Banking A Cleaner World Lies in Nationalized Banking

The private financial sector tosses a climate-conscious sheen over its horrific practices, but the best thing it could do for the planet would be to get very public—very quickly.

May 17, 2023 / Editorial / Max Moran

Student debt relief lawsuit

SoFi Bank’s Lawsuit to End the Student Loan Payment Pause Is Pure Corporate Greed SoFi Bank’s Lawsuit to End the Student Loan Payment Pause Is Pure Corporate Greed

The CEO of SoFi was paid nearly $103 million in 2021. Now the bank is suing the Biden administration in an attempt to gain even greater profits.

Apr 12, 2023 / StudentNation / Natalia Abrams, Cody Hounanian, and Sabrina Calazans

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