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Finance news and analysis from The Nation
September 15, 2015
September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses
“What you have is a glorified money-laundering scheme.”
September 3, 2015
Age of the Unicorn: How the Fed Tried to Fix the Recession, and Created the Tech Bubble
The number of “unicorn” tech companies is increasing dramatically—but the bubble will burst eventually.
August 26, 2015
China’s Meltdown Goes Deeper Than the Stock Market
The market’s volatility hurts share prices, but the turbulence in China’s real economy has plunged workers into poverty and fatal risks on the job.
August 24, 2015
Next to Nothing: The Economics and Aesthetics of Streaming Music
Apps like Spotify and Apple Music haven’t just changed the way we purchase music—they've changed the way we listen.
August 19, 2015
Goldman Sachs and Bloomberg Philanthropies’ Investment in Prison Reform Failed. Why Do They Consider It a Success?
This is why we shouldn’t expect a financial return on social programs.
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August 19, 2015
Is an Obama Donor Tying the President’s Hands on Puerto Rico’s Debt Crisis?
Vulture-fund investor Marc Lasry—who raised $500,000 for Obama in 2012—stands to gain if the commonwealth is not bailed out.
August 4, 2015
How to Repeal the Tax Loophole That Allows Companies to Hide Their Profits in Offshore Accounts
If we want to address the inequality crisis, we must prevent corporations from sitting on hoards of untaxed cash.
David Cay Johnston
July 31, 2015
Bernie Sanders Explains Why You Should Care About What’s Happening to Greece
He really does sound like a socialist, doesn’t he?
July 23, 2015
Is Goldman Sachs Partly to Blame for Greece’s Debt Crisis?
The bank should be held morally accountable for its risky deal-making, says Reich. Nonsense, says Cohan—that's “populist demagoguery.”
William D. Cohan
Robert B. Reich
July 21, 2015
How Hedge and Vulture Funds Have Exploited Puerto Rico’s Debt Crisis
For this island teetering on bankruptcy, debt renegotiation is imminent—but on whose terms?