Public Interest Group Sues Justice Department Over JPMorgan Settlement

By: Monday February 10, 2014 11:09 am

As a high ranking JPMorgan official is being forced to step down from a CFTC advisory board it is being reported that Better Markets, a public interest group, is suing the Justice Department over its pathetic settlement with JPMorgan for fraud in the mortgage securities market. The DOJ settlement gives JPMorgan “blanket civil immunity”, a [...]

Rudy Guiliani’s Advocacy Of Governor Christie Comes With Price Tag

By: Monday February 10, 2014 8:35 am

While most Republicans have kept their distance from Governor Chris Christie the former Mayor of New York City, Rudy Guiliani, has been willing to go on TV and other media outlets to push back against growing allegations of misconduct. Though his defense has not always been perfect, it has been consistent leading many to wonder [...]

China’s Communist Elite Caught Using Offshore Bank Accounts

By: Wednesday January 22, 2014 10:21 am

Many have postulated a theory of convergence regarding Communist China and the United States, that the countries will become more like each other than different. That the interconnectedness of their economies will transform both countries into mirror images. Obviously it is hard to measure some of these phenomena but two things are clearly alike now [...]

Sheldon Adelson To Use Campaign Contributions To Go After Online Competitors

By: Monday November 18, 2013 5:59 am

Casino baron Sheldon Adelson, a walking indictment of the Citizens United ruling, has decided to use his billions to influence government officials to crackdown on internet gambling. Adelson had previously come to the public’s attention by spending hundreds of millions of dollars against President Obama in 2012 using, among other things, Super PACs. The new [...]

President Obama May Have Engaged In Pay To Play On Ambassadorships

By: Monday November 11, 2013 7:36 am

President Obama’s choice for US Ambassador to Hungary is raising eyebrows. His choice, Colleen Bell, is a television producer most famous for the daytime soap opera “The Bold and the Beautiful.” Bell appears to have no particular experience with or knowledge of the nation of Hungary. But what she lacks in knowledge and experience seems [...]

Report: Governors Engaging In Crony Capitalism Disguised As Economic Development

By: Wednesday October 23, 2013 7:41 am

America’s economy is awful. Unemployment is high, young people can’t find decent work, and according to a Wells Fargo survey 37% of middle-income Americans expect to work until they die. It’s not a wonderful life – unless, you happen to have some friends in state government. In a new report, Good Jobs First details the [...]

Corruption Probe Into Wisconsin Recall Elections Involves Aides Of Scott Walker

By: Tuesday October 22, 2013 10:59 am

A secret investigation into corruption in Wisconsin has reportedly expanded into the 2011 and 2012 recall elections and involves aides to Governor Scott Walker according to The Milwaukee Journal Sentinel. The Sentinel also reports that former assistant US Attorney Francis Schmitz was recently appointed as special prosecutor. The investigation includes a focus on possible campaign [...]

Chris Christie Uses $2 Million Of Hurricane Sandy Relief Money For Quasi-Campaign Ads

By: Wednesday August 7, 2013 7:56 am

It is no secret that Chris Christie is a likely contender for president in 2016. However, should he really be using money from Hurricane Sandy relief to further that ambition? Isn’t that an inappropriate use of relief money? It turns out the Christie administration turned away a qualified low-bidder seeking to produce the series of [...]

Consensus Emerging With Economists That U.S. Economy Based On Rents Not Production

By: Friday June 21, 2013 8:02 am

Karl Marx may have been too optimistic about capitalism. Economist Michel Hudson has long claimed that Marx’s contention that ultimately industrial capitalism would triumph over finance capitalism was wrong. That, in fact, bankers have prevailed subjugating the productive forces of industry to the power of debt slavery and rentier capitalism. The real economy has been [...]

Corruption In State Department Detailed In Inspector General’s Memo

By: Thursday June 13, 2013 11:48 am

A U.S. State Department Inspector General’s memorandum details a slew of inappropriate behaviors by officials in the State Department, as well as efforts to cover up that wrongdoing. The memo was obtained by CBS News and lists claims of¬†prostitution, sexual assault, and illegal drug use by State Department officials. CBS News’ John Miller reports that [...]

Obama FCC Chairman Nominee Walking Conflict Of Interest

By: Saturday June 8, 2013 9:34 am

As twilight strikes the Obama Administration, the vigorous campaign pledges of reforming Washington’s insider culture appear abandoned. Beltway Insider could scarcely apply to anyone more appropriately than President Obama’s nominee for Chairman of the FCC, Tom Wheeler. ¬†Wheeler has been a representative of special interests in Washington for at least a generation. President Obama has [...]

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