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BOOM! Bank Of America Ordered To Pay Highest Penalty In U.S. History For Fraud & The Winner Is….

BOOM! Bank Of America Ordered To Pay Highest Penalty In U.S. History For Fraud & The Winner Is….

The largest one-time Big Bank penalty/’settlement’ for overdrawing on the American public will be paid by the second largest U.S. bank holding company, Bank of America. On Thursday, a $16.65 billion slap on the hand, issued by the DOJ (Department of Justice), surpasses the $13 billion fine JP Morgan Chase had to pay in 2013. Bank […]

Is There Something Wrong With The Economy?

I ran across an interesting article today that cited something known in economic circles as “secular stagnation.” The definition: “Secular” implies the depressed state of the economy is down to structural, supply-side factors, while “stagnation” suggests cyclical obstacles to demand are to blame. The first sentence in the piece is “Is there something wrong with […]

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The Speech The Rich Don’t Want You To Hear – VIDEO

TED, the Technology Entertainment and Design nonprofit behind the TED Talks, whose slogan is “ideas worth spreading” recently decided that some ideas are better left alone. In March 2012 Nick Hanauer, millionaire tech investor and entrepreneur gave a talk at a TED conference. In his talk, Hanauer argued that the rich aren’t responsible for the […]

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Being Patriotic and Collectively Growing a Pair

I won’t be pleased with a budget deal unless Paul Ryan and Grover Norquist both pull their hair out. Then we’ll know we made some progress. News flash: compromise and sacrifice are hard. We need to reduce spending and obligations on everything from Medicare to Defense to Ag subsidies. No sacred cows. And unfortunately, we […]

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What the 1 Percent Don’t Want You to Know – VIDEO

If you haven’t caught wind of the stunning analysis of modern economic inequality, “Capital in the 21st Century” by economist Thomas Piketty, it’s time to emerge from underneath the rock which you have been hiding. You are going to want to hear this. Author and columnist Paul Krugman, a prominent voice on economics and inequality […]

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