Most of us are still feeling the effects of a struggling economy, but the corporate elite and the Wall Street banksters are doing better than ever. Many corporations have seen record profits in recent years, which have fueled buying sprees on Wall Street, pushing the DOW Jones to it's all-time high.
Living as an undocumented immigrant in this country is a civil infraction, not a criminal act. But, some members of our House of Representatives are working to change that. According to the Think Progress Blog, the bipartisan immigration bill that is coming together in the House would force all undocumented immigrants to plead guilty for breaking the law, and serve at least five years of probation.
Sequester cuts are hitting vital programs like Meals on Wheels, Head Start, and cancer treatment centers. So, it's difficult to understand why Congress would be pushing to spend $436 million on tanks that the Army says it does not need.
The motivation behind the world-wide economic con of austerity has been discovered. And, the source is none other than Pete Peterson – the debt-obsessed billionaire who stands to make billions off the privatization of our social safety net. Just days ago we told you how a 28-year-old grad student debunked the Reinhart-Rogoff study used to push austerity throughout the world.
Republicans want to stop the Securities and Exchange Commission from adopting rule 4-637, which would require corporations to disclose their political contributions. A group of shareholder activists, pension fund representatives, and Democratic lawmakers are pushing the S.E.C. to require corporations to report their political spending to investors.
After years of complaining that Democrats haven't passed a budget, now Republicans are refusing to negotiate at all on the Senate's recently passed spending plan. Under regular order, the two chambers should come together to find a compromise between the Democratic budget in the Senate and the Republican austerity plan in the House.
The banksters are cashing in off their own disaster. The big banks are buying up distressed real estate by the boat load, and renting or selling it back to the public for huge profits. And, in addition to making it even more difficult for economically-strapped Americans to become home owners, the banksters are increasing the likelihood of another Wall Street-fueled bubble that could crash our economy.
After a day-long manhunt, and the lock-down of a major American city, the second suspect in the Boston Marathon bombing was finally taken into custody on Friday. A Watertown resident tipped police after noticing blood on a boat in his backyard, and Dzhokhar Tsarnaev was found hiding out inside. Authorities report that he was severely wounded before agreeing to surrender.
As if the economic risks of austerity, derivatives trading, and an under-regulated banking industry weren't enough... A new report from Stern and the think-tank Carbon Tracker warns of an over-inflated “carbon bubble” in the stock market.