Newspaper Industry Takes Potentially Lethal Blow With Spinoffs

By: Monday August 11, 2014 7:53 am

We all knew this day would come. With the latest spinoff by Gannett of its extensive newspaper portfolio expected to be completed by the end of 2015, it now appears finance capital has written off the newspaper industry. On some level this was inevitable given the movement of advertising from print to the web, but [...]

Murdoch’s Wall Street Journal Makes Dishonest Arguments Against Inequality

By: Friday January 3, 2014 9:55 am

The long slog by activists – within and without of the Occupy Wall Street Movement – to bring the question of wealth inequality to the center of the American political debate has finally succeeded. Even President Obama has now called inequality the defining issue of our time. This has, not surprisingly, driven the trickle-down economics/Neoliberal [...]

Wall Street Journal Reporters Sabotaged By Bosses On News Corp Phone Hacking Story

By: Friday October 18, 2013 11:00 am

The Murdoch Media phone hacking scandal did not get much play in the United States. Before now there were a host of excuses for why one of the biggest stories in the UK made so little impact in America – too complicated, Americans don’t care about foreign scandals, etc. But it seems the real reason [...]

Wall Street Journal Names Some Names in Libor Case

By: Tuesday July 24, 2012 9:35 am

At least a dozen traders from nine global banks conspired to rig the benchmark Libor interest rate, according to the latest report from the Wall Street Journal. The traders reportedly worked together to target the Libor when it would positively impact their profit margin. This occurred from at least 2005 to 2011. Incredibly, this would [...]

Wall Street Journal Publishes Hit Job on Union Political Spending

By: Thursday July 12, 2012 9:35 am

One of the ways that supporters of California’s Prop 32, the Trojan horse initiative to silence union activity in elections while facilitating corporate campaign spending, will probably press their case publicly is by claiming that unions spend ungodly amounts of money on politics. And unions in California do represent a counter-balancing of corporate cash. But [...]

House Republicans Face Mass Criticism for Payroll Tax/UI Rejection

By: Wednesday December 21, 2011 6:55 am

Congress has mostly left Washington, with no resolution on a host of year-end measures that, if allowed to expire, will result in an average $1,000 tax increase, the expiration of unemployment benefits for the long-term jobless, and a 27% rate cut in Medicare reimbursement. House Republicans left behind eight “conferees” for a conference on the [...]

WSJ Leads Retreat to McConnell Plan on Debt Limit

By: Wednesday July 13, 2011 6:55 am

Mitch McConnell’s surrender plan for the debt limit may not be popular among the conservative grassroots, but it found a willing endorser where it matters: on the opinion page of the media’s voice of corporate America. McConnell is reacting to his corporate base, which would simply not abide by default, with his plan to allow [...]

Wherein the WSJ Editorial Page and I (Sort of) Agree

By: Friday April 15, 2011 11:18 am

The good little crony capitalists at the Wall Street Journal editorial page praised the OCC/OTS/Fed settlement with mortgage servicers today, calling it a responsible resolution that didn’t simply score “political points.” I have a piece in The American Prospect today that comes to a rather different assessment: The banks’ sentence is confoundingly light: They have [...]

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