Finance

Chicago’s Rich Organizing Tradition Paid Off, Delivering Victory for Brandon Johnson

Chicago’s Rich Organizing Tradition Paid Off, Delivering Victory for Brandon Johnson Chicago’s Rich Organizing Tradition Paid Off, Delivering Victory for Brandon Johnson

The Windy City's first movement mayor faces a formidable array of challenges, testing him and the coalition that brought him into office.

Apr 13, 2023 / Barbara Ransby

A view of 6 World Trade Center, the Ronald O. Perelman Performing Arts Center, with the one World Trade Center in the background

Everyone Deserves Grandeur Everyone Deserves Grandeur

A new performing arts center in New York’s Financial District demonstrates the problem with the city’s beautiful, expensive buildings.

Apr 6, 2023 / Marianela D’Aprile

COP26 Global Day for Climate Justice march, London

Why Has the Right Become Obsessed With Climate-Friendly Banking? Why Has the Right Become Obsessed With Climate-Friendly Banking?

It’s not because they're concerned about climate catastrophe.

Apr 6, 2023 / Stan Cox

A photo of Harriet Tubman

What We’ll Be Celebrating When Harriet Tubman Appears on the 20-Dollar Bill What We’ll Be Celebrating When Harriet Tubman Appears on the 20-Dollar Bill

Constantly underestimated, she risked her life and freedom to liberate others and was committed to building a political system that endowed women and people of color with the same ...

Mar 31, 2023 / Clarence Lusane

A man does a banking transaction at a Citibank ATM fast cash machine.

What if the People Owned the Banks? What if the People Owned the Banks?

The case for public banking.

Mar 28, 2023 / Katrina vanden Heuvel

What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB

What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB

It’s a war for the dollar—and the big banks. The rest of us better hold on tight.

Mar 21, 2023 / James K. Galbraith for The Nation

Elizabeth Warren greets Jerome Powell

Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account

With the Silicon Valley Bank collapse, the senator demands an independent investigation of the Fed, and says Powell should not continue as its chair.

Mar 21, 2023 / John Nichols

Barney Frank at a 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

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

x