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California Imposes Sweeping Sanctions On Wells Fargo Amid Scandal
California’s state treasurer has announced he is suspending major parts of the state’s business relationship with Wells Fargo because of a scandal involving unauthorized customer accounts. In a letter to Wells Fargo, John Chiang asked, “how can I...Fed’s Kashkari ‘shocked’ black unemployment isn’t better understood.
Kashkari plans on pressing for more research by central-bank economists on racial disparity in the labor market. Minneapolis Fed President Neel Kashkari said Wednesday he was “shocked” that the persistently higher national black unemployment rate relative to the rate...At Fed’s Jackson Hole retreat, demonstrators push for economic change
It’s the day central bankers and top global financial figures have been waiting for. U.S. Federal Reserve Chairwoman Janet Yellen delivers long-awaited remarks to cap off the Jackson Hole Symposium. Outside the meetings, some demonstrators say full employment...The High Toll of Being Poor in the U.S.A
Impoverished Americans face a myriad of problems unknown to the middle and upper class, the most significant of which are regressive costs. Officially, 14.8% of people in the United States live in poverty. Furthermore, 20% of Americans use alternative financial...Forget Clinton’s and Trump’s Plans for the Economy: It’s Time to Erase Debt and Create Jobs
So far, neither Donald Trump nor Hillary Clinton has offered a credible plan to restart the long-stalled U.S. economy. Trump favors lowering taxes to spur demand, a reduction in the supply of illegal foreign labor to boost wages, and modifying trade policy to...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy