Economy - Part 19

Endless investigations into Bank fraud and scandals
As one probe ends, others are gathering steam. The LIBOR scandal is grabbing most attention but it is not the only price-fixing investigation. On July 2nd the Federal Energy Regulatory Commission filed a petition in a Washington, DC court demanding that J ...[Read more]
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The 1% Connection: Mexico and the United States, Crony Capitalism and the Exploitation of Labor Through NAFTA
The Richest Person in the World, Carlos Slim, Lives in Mexico According to Forbes Magazine, Carlos Slim, 72, is the wealthiest person in the world, accumulating $69 billion in net worth as of March 2012. Born and raised in Mexico City (of Lebanese Chris ...[Read more]
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More Icelandic bankers arrested
Iceland ...[Read more]
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90 Million Workers Won’t Be Needed By 2020, Study Says
Tens of millions of people worldwide will be condemned to long-term joblessness unless global leaders make significant changes to address unemployment and worker training, according to a new study. Between 90 and 95 million low-skill workers -- or 2.6 pe ...[Read more]
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Nobel Prize Winning Economist says American Dream is dead : No opportunity in America as claimed
America likes to think of itself as a land of opportunity, and others view it in much the same light. But, while we can all think of examples of Americans who rose to the top on their own, what really matters are the statistics: to what extent do an indiv ...[Read more]
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25 People to Blame for the Financial Crisis
Here is a quick hit list of who could go to jail to pay for crashing our economy. Since the US govt doesn't seem to want to investigate in a real way, we present this to you, the people. The full list of 25 people who should be jailed for crashing down th ...[Read more]
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Economist : File-sharing helps artists
Let's get one thing straight: Pirating a movie is stealing it. Pirating a music album is stealing it. The question should be: Should piracy be stealing? Can piracy be leveraged as a marketing tool, a guerilla tactic to boost brand recognition and audience ...[Read more]
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The Rich is taking your money – not middle class, workers or unions …
Half of America has been deceived into believing that union employees and government workers are the problem in our country. The following five facts all send the same message to voters: Wealthy individuals and corporations, not middle-class wage earners, ...[Read more]
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Saudi Arabia
The insight comes from Barton Biggs, hedge fund manager running Traxis Partners, who spoke with a Saudi Arabian businessman close to the country ...[Read more]
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The Battle Over CEO Pay: When the Top 1 Percent Take on the Top 0.01 Percent
Truthout combats corporatization by bringing you trustworthy news: click here to join the effort. (Photo: Victor1558)In July 2010, Congress passed the...In July 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd- ...[Read more]
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Harder for Americans to Rise From Lower Rungs
Benjamin Franklin did it. Henry Ford did it. And American life is built on the faith that others can do it, too: rise from humble origins to economic heights. ...[Read more]
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