EconVine

JPMorgan Chase CEO Jamie Dimon Summoned Before Senate Committee

The Senate Banking Committee on Thursday summoned JPMorgan Chase CEO Jamie Dimon to testify under oath about the huge losses his company suffered on an investment strategy that sank JPMorgan’s share price, heightened concerns about the efficacy of new regulations and tarnis …

The American Middle Class, Income Inequality, and the Strength of Our Economy

The research for this project began with a series of interviews and a national conference with leading U.S. economists to learn their views about the mechanisms through which income inequality and the strength of the middle class affect economic growth and economic stability. T …

Romney Excuses JPMorgan's $3 Billion Gambling Loss As 'How America Works' (VIDEO)

When the financial industry melted down in 2008, it nearly dragged the world economy to its knees. Americans across the nation lost their jobs, their homes, and their money. All because the nation’s biggest banks gambled on derivatives and lost trillions of dollars. Ameri …

BREAKING: Pennsylvania Doctors Worry Over Frigging Fecking Fracking Gag Rule on Toxic Chemicals Used in Fracking

Fracking exposes citizens to a wild mix of highly toxic chemicals and carcinogens. So when patients show up at their doctors' offices, the doctors need to figure out which chemicals are the likely culprits. The doctors of sick patients can, with great effort, access the names of …

Five myths about independent voters and the corresponding "facts"- The Washington Post

Myth: 1. Independent voters aren’t really independent. Fact: About half are, swinging from party to party. Myth: 2. Independent voters are less engaged.

Romney fundraising keeping pace with Obama

Mitt Romney almost matched President Obama in fund-raising during April after securing his party's presidential nomination and joining forces with the Republican National Committee, the campaign will announce on Thursday. Mr. Romney and the R.N.C. raised $40.1 million in April …

Unless Bush-Era Tax Cuts Are Extended, U.S. Economy Will Be Endangered

House Speaker John Boehner is playing a heroic role right now. In his efforts to prevent the Bush tax cuts from expiring, Boehner is aggressively taking on President Obama's leadership ineptitude on the economy. In essence, Boehner is pushing a Republican policy to wrap up a d …

Class Warfare In America Is Between Government Employees And Taxpayers Who Pay Their Salaries

The real class warfare in this country isn't rich vs. poor. It's government employees vs. we, the taxpayers, who pay their salaries. Working for the government is supposed to be a trade-off: You can't be fired and don't have to exert yourself, but you will receive smaller remu …

Looting the Lives of the Poor | Barbara Ehrenreich

Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month’s rent. Mug a janitor and you will be lucky to get away with bus fare to flee the crime scene. But as Business Week helpfully …

How How Romney's problem-solving background could make him a winner in November

Next we come to Obama’s challenger, who is an Establishmentarian, to be sure, but also a Problem-Solver. What Romney does not seem to be is any kind ideological conservative. Nobody thinks he made his way through Harvard Business School, Bain Capital, the Salt Lake City …

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