Business

Barney Frank at news conference

Democrats Face a Terrible Reckoning on Bank Bailouts  Democrats Face a Terrible Reckoning on Bank Bailouts 

Barack Obama, Nancy Pelosi, Barney Frank, and a phalanx of senators are way too cozy with finance capital.

Mar 17, 2023 / Jeet Heer

Sir Francis Bacon

Just Because ChatBots Can’t Think Doesn’t Mean They Can’t Lie Just Because ChatBots Can’t Think Doesn’t Mean They Can’t Lie

Or that they haven’t already started to pollute Google searches. And if publishers win their lawsuit against the Internet Archive, verifying facts and quotes will get a lot harder.

Mar 17, 2023 / Maria Bustillos

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among banking experts, with some focusing on the weakness of US rules. (Photo by REBECCA NOBLE / AFP) (Photo by REBECCA NOBLE/AFP via Getty Images)

A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity

With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.

Mar 17, 2023 / Doug Henwood

Federal Reserve Chair Jerome Powell Testifies Before The Senate Banking Committee

The Latest Banking Crisis Is Brought to You by the Federal Reserve The Latest Banking Crisis Is Brought to You by the Federal Reserve

There’s a lot of blame to go around for the failure of the Silicon Valley Bank. But the Fed’s myopic attitude towards inflation bears much of the responsibility.

Mar 17, 2023 / Sasha Abramsky

People outside Silicon Valley Bank with security guards allowing them in.

Silicon Valley Bank Didn’t Fund Black Lives Matter Silicon Valley Bank Didn’t Fund Black Lives Matter

The lies peddled by Fox News are getting more and more blatant.

Mar 16, 2023 / Joan Walsh

Why Is the Republican Party Suddenly Weakening Child Labor Laws?

Why Is the Republican Party Suddenly Weakening Child Labor Laws? Why Is the Republican Party Suddenly Weakening Child Labor Laws?

Rolling back restrictions on child labor and dismantling public education will make the country far more unequal. For today’s GOP, that’s a feature, not a bug.

Mar 16, 2023 / Jack Schneider and Jennifer C. Berkshire

Volunteers fill boxes at a food distribution center.

Everyone Has the Right to Food Everyone Has the Right to Food

For a country that projects itself as the richest in the world, hunger remains hidden by design.

Mar 15, 2023 / Beverly Gologorsky

Sarah Huckabee Sanders, governor of Arkansas, speaks while delivering the Republican response to President Biden's State of the Union address on February 7, 2023.

The GOP Has Become the Pro–Child Labor Party The GOP Has Become the Pro–Child Labor Party

How a new economy of exploitation is rolling back protections—for profit.

Mar 14, 2023 / Katrina vanden Heuvel

Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing

Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing

The Silicon Valley Bank collapse doesn’t require a bailout. It requires stronger bank oversight and the repeal of the 2018 “economic growth” act.

Mar 14, 2023 / John Nichols

Greg Becker, President and CEO of Silicon Valley Bank, speaks during the Milken Institute Global Conference on May 3, 2022.

Silicon Valley Learns to Love Socialism for the Rich Silicon Valley Learns to Love Socialism for the Rich

The very people who eviscerated banking regulations now want to be shielded from the catastrophe they caused.

Mar 13, 2023 / Jeet Heer

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