Financial Meltdown: The Doublespeak of a Discredited IMF
The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set of neo-liberal policies known as the Washington Consensus. Yet, discredited though they may be, these two [...]
N.Y. Times Examines Schumer’s Buck-raking on Wall Street
A New York Times front-pager on Sunday that examined the ties between Sen. Charles Schumer (D-N.Y.) and Wall Street employed data from the Center for Responsive Politics.
Schumer has received more money from the securities and investment industry than almost any other member of Congress since 1989-$6.2 million. (Only President-elect Barack Obama and other 2008 presidential [...]
Wealthy Out-of-Town Donors Foot the Inauguration Bill
As Washington, D.C., prepares itself for what will likely be one of the largest inauguration audiences in history, some of the country’s wealthiest individuals in Hollywood and New York are financing the event as it grows into a major production. So far the presidential inaugural committee has collected at least $9.7 million from at least [...]