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Thursday, August 17, 2017
money

Hedge Funds, Oil, Fossil Fuels And Pharma Gave Money To The GOP

During the first half of the year in state legislatures, drug companies have fought bills to reduce medicine prices; the financial industry has tried to stop legislation to end special state tax breaks; and oil and gas firms have pushed to block environmental regulations.

July 13, 2017
Trump, Russia, Media

Did Trump Get A Big Tax Refund After 2005?

The pressure is growing to force President Trump to turn over his tax returns. The other day, for example, 200 Congressmen filed a suit in federal court, arguing that voters and lawmakers have a right to know whether Trump’s businesses are violating the Constitution’s emolument clause, which bars the president from accepting payments from foreign countries.

June 17, 2017

Much Wealth As Half The World’s Population

While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth.

June 13, 2017
Wells_Fargo_

A Federal Regulator Is Probing Wells Fargo’s Mortgage Practices

A consumer watchdog agency is following up on ProPublica’s reports that the scandal-ridden bank improperly charged fees to customers from Los Angeles to Oregon. Meanwhile, the bank is conducting its own inquiry.

June 7, 2017
U.S. Senator Bernie Sanders holds up his notes while speaking about his attempts to influence the Democratic party's platform during a speech in Albany, New York, U.S., June 24, 2016. REUTERS/Brian Snyder

Bernie Sanders Gives Budget Director Mick Mulvaney Epic Lesson On American Inequality

Shortly after the Trump administration unveiled its controversial budget proposal for 2018, Sen. Bernie Sanders (I-VT) totally dismantled the plan in a scathing op-ed.

May 26, 2017

The Art Of The Steal: Has Trump Finally Found Someone To Buy The Brooklyn Bridge?

At last, Trump has set the stage for a sequel to his first book of lies, The Art of the Deal—and in grand style. He’s found the right investor. He may have received a gold necklace from the Saudi king and looked regal;

May 25, 2017
Rep. John Lewis

John Lewis Hammers Steve Mnuchin Over Trump’s Sadistic Budget Cuts

“Mr. Secretary, I’ve often said that a budget proposal is a statement of values and priorities,” Lewis began. “This administration’s proposal makes crystal-clear that the hungry, the middle class, the elderly and the struggling will be left out and left behind.”

May 25, 2017
Trump, Executive Orders

The 15 Heartless Proposals In Trump’s Budget

Longtime federal budget experts quickly slammed the White House’s proposed 2018 budget on Tuesday. Its $1.4 trillion in cuts over the next decade would endanger tens of millions of households…

May 24, 2017
Trump

Yes, Trump Budget Would Cut Social Security (And Violate His Promise)

A number of usually reliable reporters were duped by White House spin that President Donald Trump’s draconian budget proposal for fiscal year 2018 to slash spending for Social Security Disability Insurance (SSDI) was not a violation of his major campaign pledge to protect Social Security from cuts.

May 24, 2017
Trump Inauguration

Trump’s New Bank Regulator: Lawyer Who Helped Banks Charge More Fees

Keith Noreika helped big banks avoid state laws protecting consumers. As head of the Office of the Comptroller of the Currency, he now has the power to override those state laws.

May 16, 2017
Clearance

How To Fight The Republicans Who Voted For ‘Trumpcare’

Lots of liberals, and even some conservatives, are upset that House Republicans passed Thursday a health care bill that hadn’t been vetted by the Congressional Budget Office (CBO) for its cost or effects, such as the loss of coverage for millions of Americans, as the CBO estimated for a prior version of the legislation. The GOP was apparently ready for it’s Obamacare replacement and ready for it now—but opponents also were ready to fight back.

May 5, 2017
Trump

Why Trump’s Tax Cut Looks Like Kansas Writ Large

The tax plan Trump outlined last week has echoes of the Sunflower State’s big 2012 tax cut, which precipitated a budget crisis that persists to this day. In large part, that’s because more people than expected took advantage of the state’s generous exemption for pass-through income.

May 2, 2017
Women's March

3 Big Anti-Trump Marches Coming Up: Tax March, Science March, Climate March

Don’t put away that protest sign or cut down on the calls to Congress just yet. The Trump administration has more fuel for the resistance fire, shocking Americans back into action just in time for three anti-Trump marches scheduled this month.

April 13, 2017
The Ernst & Young building rises above Times Square .

Ernst & Young To Pay $11.8 Million To Settle Audit Charges

Ernst & Young will pay $11.8 million to settle charges over “failed audits” of oil services company Weatherford International.

October 18, 2016

Mismanagement Cost NY Pension $3.8 Billion Over Eight Years

High fees paid to hedge fund managers whose strategies underperform have together cost New York’s public pension system $3.8 billion since 2008.

October 17, 2016

Cartoon: A-Rod Leaves The Yankees

Need help with that?

August 8, 2016
Puerto Rico's Governor Alejandro Garcia Padilla addresses the audience at

Puerto Rican Bonds And The Small Investor

What prompted ordinary investors to put their savings into Puerto Rican bonds? But first let’s look at who is running the ads.

April 28, 2016
John Oliver credit score

John Oliver Fires Back At Error-Prone Credit Agencies For Ruining The Lives of Millions Of People

This is what a 20 percent error rate looks like.

April 11, 2016
checkbook pen writing money

Scammed You Once? Crooks Bet On Scamming You Again

Of course, you have to pay an upfront fee. And of course, it’s another scam.

February 24, 2016
Tracy Duve serves nachos at Tony's I-75 Restaurant in Birch Run

Cheapo Travel: Save Money On The Road By Eating Like A Local

Want to save money when you’re traveling? Eat like the locals, not like the tourists.

February 24, 2016

Kids And Money: Tax Scammers Prey On Young Filers, Too

Over the last two years, regulators have received nearly 900,000 complaints involving various tax refund scams.

February 17, 2016
The goal of scammers, therefore, is to get the sites out of the picture and deal one-on-one with potential victims.

As The Sharing Economy Grows, So Do The Scams

The goal of scammers is to get the sites out of the picture and deal one-on-one with potential victims.

February 17, 2016

For Fitness Motivation, Losing Money Beats Earning More

“According to a few seminal behavioral economics experiments, people don’t like losing something twice as much as they like gaining the same thing, as a rule of thumb.”

February 17, 2016
Dark Money book cover

Excerpt: ‘Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right’

While it might be well-known that deep pockets finance the big names in politics, there is little known about the private world they inhabit and how their money is allocated.

February 7, 2016
snow shovelingin front of house

When Not To Save For Retirement

Consumer debt with sink you every time.

February 3, 2016