Billionaire hedge fund manager – and primary contributor to Rick Santorum’s Red, White, and Blue SuperPAC – Foster Friess let the truth slip out about politics in this post-Citizens United age during an interview with Politico. Friess was among several billionaires who attended the Koch brothers secret meeting last month where over a hundred million dollars was pledged to beat President Obama.
Trying to get other oligarchs on the sid
President Obama unveils his vision for America today in the form of a 2013 federal budget. The President calls for $3.8 trillion in spending next year – including new investments in our roads and infrastructure, education, and manufacturing sector. Also included in the budget are a yearlong extension of emergency unemployment benefits, and of the payroll tax cut holiday for 160 million working Americans.
On the deficit-reductio
Low-income children are screwed when it comes to getting a good education. New studies show that a quality education in America is now increasingly only available to the very rich. A study out of Stanford shows that the gap in standardized testing scores between rich students and low-income students has increased 40% since the 1960’s. And another study out of the University of Michigan shows that gap between rich an
Young people are screwed. Only 54% of Americans between the ages of 18 and 24 are employed – that’s the lowest number ever recorded since tracking began more than 60 years ago. There’s now a 15% gap in employment between young people and all working Americans – that’s also the largest gap ever recorded.
There are bad nights, then there are REALLY bad nights, and then there are nights like the one Mitt Romney had last night. Three states held caucuses and primaries Tuesday night to pick a Republican nominee for President – including Colorado, Missouri, and Minnesota – and it was a clean sweep for Rick Santorum.
There are bad nights, then there are REALLY bad nights, and then there are nights li
Why does a routine FAA spending bill include harsh anti-union language, making it harder for transportation workers to organize?
The Republican strategy on Capitol Hill of legislating through hostage taking worked yesterday – and now unions are screwed. House Republicans demanded that a routine FAA spending bill include harsh anti-union language that makes it harder for transportation workers to organize. The change raises the threshold for seeking a union from 35% to 50% for transportation workers – and Republican basically said if Democrats don’t agree to it
All 50 Attorneys General across the nation have until today to decide if they’re going to sign on to a settlement with the nation’s biggest banks to let banksters off the criminal hook for widespread fraud committed on Wall Street during the financial crisis. The settlement – which is against the biggest of the big banks like JP Morgan Chase, Bank of America, and Wells Fargo – is worth $25 billion – which is chump change compared to the rea
Our democracy is screwed. It’s been long speculated that Republican state lawmakers are taking their orders from the shadowy right-wing think tank funded by the Koch Brothers and known as the American Legislative Exchange Council (ALEC) – and now there’s proof. It was discovered in Florida – when Republican State Representative Rachel Burgin introduced legislation in the state House back in November that - oops - still in
Indiana Governor Mitch Daniels took his state backwards on Wednesday – signing legislation to make Indiana the 23rd “right-to-work” state in the nation. It’s the first state in ten years to go right-to-work and also the first state in the nation’s manufacturing belt to adopt a right-to-work law, which starves labor unions of much-needed funding.
So what can workers in Indiana expect now? First off – lower wages.