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Wall Street

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Occupy Wall Street Movement Sees First Anniversary

via Rick Hampson, USA Today Protesters will mark the anniversary of the Occupy Wall Street movement today with rallies in more than 30 cities around the world, including a march on the New York Stock Exchange, not far from the park where the movement was born. But as the last of its urban encampments close … Continue reading

Obama Super PAC Shunned By Big Donors Citing Range Of Reasons

via Paul Blumenthal, The Huffington Post The push to raise unlimited contributions by a super PAC backing President Barack Obama’s reelection has run into a number of hurdles since Priorities USA Action was set up by former White House aide Bill Burton in 2011. Major Democratic donors have shunned the group, denying it funds to … Continue reading

Facebook Shares Jump As Trading Opens On Nasdaq Market

via Matt Krantz, USA TODAY Facebook shares jumped 13% to $43 as the stock opened in the frenzied first minutes of trading Friday, but just as quckly the price slid, tas investors stormed Wall Street to trade shares of the world’s leading social networking company. The stock rose $5 from its initial price of $38 … Continue reading

The Rich Get Even Richer

via Steven Rattner, The New York Times New statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning. In 2010, as the nation continued to … Continue reading

The Equal Rights Amendment: Now Is the Time

[Editress’ Note: Today marks the 40th anniversary of the day Congress passed the Equal Rights Amendment in 1972, which guarantees equal protection under the law regardless of sex, but today it is still not included in our Constitution. Today we are facing a War on Women. We must fight back. The ERA must be ratified … Continue reading

Social Conservatism And Sex: Making War Against Love

via David Allyn, Chicago Tribune We seem to be living in a time warp. Conservatives are denouncing not just abortion, but birth control. There was the Rush Limbaugh “slut” episode. Actor Kirk Cameron called homosexuality “unnatural,” “detrimental” and “ultimately destructive.” Meanwhile, Rick Santorum sees Satan lurking in America’s bedrooms. At first blush, such backwardness might … Continue reading

Russ Feingold: Obama Super PAC Reversal Will Lead To ‘A Legalized Abramoff System’

via Sam Stein, The Huffington Post Former Sen. Russ Feingold (D-Wis.) ripped into both President Barack Obama and his re-election team on Tuesday morning for backing off its previous criticism of outside spending on campaigns and embracing the role that super PACs will play in the 2012 election. “It is a dumb approach,” Feingold said … Continue reading

America Isn’t A Corporation

via Paul Krugman, The New York Times “And greed — you mark my words — will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.” That’s how the fictional Gordon Gekko finished his famous “Greed is good” speech in the 1987 film “Wall Street.” In the movie, Gekko got his comeuppance. … Continue reading

Occupy LaSalle Street

In lower Manhattan the Occupy Wall Street protests have been growing with tremendous speed, adding leftist luminaries, elected officials, and hundreds of others to its ranks. Here, the Occupy Chicago protests have persevered with the same message and energy—but not the same numbers. On Wednesday seven protesters braved the rain for morning rally. Around 25 … Continue reading

Why ‘Occupy Wall Street’ Makes Sense

If 2,000 Tea Party activists descended on Wall Street, you would probably have an equal number of reporters there covering them. Yet 2,000 people did occupy Wall Street last Saturday. They weren’t carrying the banner of the Tea Party, the Gadsden flag with its coiled snake and the threat “Don’t Tread on Me”. Yet their message was clear: … Continue reading

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