December 2, 2001: Enron Files for Bankruptcy December 2, 2001: Enron Files for Bankruptcy
“Nobody ever said capitalism was pretty.”
Dec 2, 2015 / Richard Kreitner
Why Do Former Goldman Sachs Bankers Keep Landing Top Slots at the Federal Reserve? Why Do Former Goldman Sachs Bankers Keep Landing Top Slots at the Federal Reserve?
During the last year, three vacancies opened up to head regional Federal Reserve banks. They all went to Goldman Sachs alumni.
Nov 30, 2015 / Jordan Haedtler
‘Bringing History to Bear’ ‘Bringing History to Bear’
Celebrating 150 years of dialogue and dissent.
Nov 19, 2015 / Katrina vanden Heuvel
October 29, 1929: The Stock Market Crashes, Plunging the World Into Economic Depression October 29, 1929: The Stock Market Crashes, Plunging the World Into Economic Depression
“Obviously the market must have been extremely vulnerable to offer so little resistance.”
Oct 29, 2015 / Richard Kreitner
October 22, 1907: The Panic of 1907 Begins October 22, 1907: The Panic of 1907 Begins
“What have we seen in New York during the past half-dozen years? Great banking institutions prostituted into tools of unscrupulous speculators.”
Oct 22, 2015 / Richard Kreitner
Why Is the CBO Concocting a Phony Debt Crisis? Why Is the CBO Concocting a Phony Debt Crisis?
A simple accounting trick is arming austerity hawks with a powerful, phony weapon.
Oct 15, 2015 / Ari Rabin-Havt
We Should Never Pay Down Our $17 Trillion Debt—Just Ask the IMF We Should Never Pay Down Our $17 Trillion Debt—Just Ask the IMF
Our money is better spent elsewhere, for a few simple reasons.
Oct 15, 2015 / Mike Konczal
China’s Stock Market Crash Is the Latest Crisis of Global Capitalism China’s Stock Market Crash Is the Latest Crisis of Global Capitalism
Alongside rising protests from farmers and workers, China now confronts a middle class anxious about a slowdown in growth and burned by the stock market bust. It’s a volatile brew.
Oct 5, 2015 / Walden Bello
September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses
“What you have is a glorified money-laundering scheme.”
Sep 15, 2015 / Richard Kreitner
Fossil-Fuel Executives Are Making Obscene Amounts of Money for Wrecking the Planet—and Their Own Companies Fossil-Fuel Executives Are Making Obscene Amounts of Money for Wrecking the Planet—and Their Own Companies
The kings of Big Coal are making off with millions, while their industry collapses.
Sep 2, 2015 / Zoë Carpenter