Economy
December 7, 2009 -
By Jake Bernstein, ProPublica After a brief holiday respite, bankfailure Friday came back with a vengeance. The FDIC and itsfellow regulators closed six institutions, bringing the total to 130
December 4, 2009 -
About a quarter of U.S. households lack banking services, making them vulnerable to costly alternative financial services like payday loans. The problem is especially severe for minority households and for states in the South.
December 3, 2009 -
By Aaron Glantz, New America Media On the eve of President Barack Obama's White House Summit on Jobs,labor leaders yesterday issued a dire warning: Unless Congress andObama create a "bold jobs program," state and local governments couldshed almost a million jobs next year, further worsening our nationalunemployment rate. "The budget crisis that they face is dire," Thea Lee, chief of staff of
December 2, 2009 -
Health reform is getting all the attention, but remember the banking and economic crisis? Next week, the U.S. House is expected to vote on several proposed reforms. The Center for Media and Democracy's Bankster website is encouraging citizens to tell Congress about their desire for reform: While it may it be a wonderful life for the big banks on Wall Street,here on Main Street too many of us are struggling this holiday season.The financial sector has collapsed the economy - gifting us with
November 30, 2009 -
The New York Times ran an eye-opening story this weekend about the 36 million people in this country who depend on food stamps: