- The Battle for the Soul of Occupy Wall Street
- Philadelphia Mayor Wants Occupy National Gathering Participants to Go Thirsty in Heat--The #NatGat culminates on the 4th of July.
- Eight Occupy Wall Street protesters convicted of trespass--"One defendant receives 45 days' jail, seven others community service over break-in at property owned by Trinity Church."
- Inequality: It's Even Worse Than We Thought
- Class Now Trumps Race as the Great Divide in America
- Joseph Stiglitz: The Price of Inequality
- The states with the widest gap between rich and poor
- The Surprising Truths About Income Inequality in America
- Democrats go AWOL in class war
- US Wealth Distribution: Perception vs. Reality
- Number of people living in extreme poverty up 50% since 2000
- Wages Continue To Fall In Value As Workers Are Underpaid and Overworked--With corporate profilts hitting an all-time high, it doesn't make for a pretty picture.
- What Part of 'Austerity Isn't Working' Don't People Get?
- US teeters on a fiscal cliff edge--"The world's biggest economy risks recession unless Congress acts swiftly."
- Krugman: The Great Abdication--"Why won't the Fed act? My guess is that it's intimidated by those Congressional Republicans, that it's afraid to do anything that might be seen as providing political aid to President Obama, that is, anything that might help the economy." NYT
- Drum: The Coming Resource Wars
- Take note America: the public is angry
- The Scam Wall Street Learned From the Mafia
- Burger King, the Cash Cow--" In 2002, Goldman Sachs, along with two private equity firms, TGP and ... Bain Capital, teamed up to buy Burger King. [...] Their $1.5 billion purchase price included only $210 million of their own money; the rest was borrowed. [...] Four years later, they took Burger King public. But, first, they rewarded themselves with a $448 million dividend." NYT
- Wall Street's vote: Romney by a landslide
- GOP Financial Services Chairman Admits Wall Street Watchdog Is Underfunded, As Republicans Cut Its Budget--But it looks like Obama isn't having any of it.
- Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street excess
- Tea party senator wants JPMorgan CEO to 'guide' Congress on banking regulation--Dimon gets mostly fawned all over, but not everyone there is a fan.
- Mega bank JP Morgan Chase receives a $14 billion annual subsidy from the US government
- Jon Stewart: It's Almost as if GOP Senators Are on JPMorgan's Payroll
- JPMorgan Trading Loss May Reach $9 Billion
- JPMorgan Cushions Drew’s Retirement With $21.5 Million--"JPMorgan Chase & Co. (JPM)’s decision to let Chief Investment Officer Ina Drew retire four days after the bank disclosed a $2 billion loss in her division allowed her to walk away with about $21.5 million in stock and options."
- Secret EU summit document shows first step to banking union--"A classified draft of next week's EU summit conclusions is the first step on an emerging 'roadmap' to a banking union, pooling debt via eurobonds and political union via EU treaty change over the next 10 years."
- FSA calls for tighter laws against failing bankers
- Barclays fined for attempts to manipulate key bank rates--The scandal is not 'wholly inappropriate'. It's a crime.
- $29.5 Billion in Overdraft Fees? How the Big Banks Are Still Screwing Us
- BofA Fined $2.8 Million For Overbilling 95,000 Accounts
- Woman Forcibly Removed From Home, In Spite Of Restraining Order Against Citibank
- Blast from the Past: Robert Rubin Rewrites the Rules--"Former Treasury Secretary Robert Rubin gets cozy with the banking industry while helping push through a bill freeing financial institutions to merge into ever larger megacorporations while largely absolving them of much of their legal obligation to invest in the communities in which they do business."
- Old vs. Young--"The generation gap may not be a pop culture staple, as it was in the 1960s, but it is probably wider than it has been at any time since then." NYT
- David Frum on How We Need to Learn to Say No to the Elderly
- More young people going bankrupt
- Adult children move back home in tough economy
- Ugh: My son moves home Salon
