Holder preparing to allow legal marijuana companies into the banking system
I didn't see any diary or FP article on this news from yesterday: WASHINGTON -- Attorney General Eric Holder says the Obama administration is planning to roll out regulations soon that would allow...
View ArticleWorld's oldest bank struggling to avoid nationalization
ROME – Monte dei Paschi di Siena, Italy’s third-largest bank, plans to offer investors as much as 5 billion euros, or $6.9 billion, in new stock as it fights to avoid nationalization and braces for...
View ArticleSista Sarah mocks Christians - compares waterboarding to baptism
"Come on. Enemies, who would utterly annihilate America, they who'd obviously have information on plots, to carry out Jihad. Oh, but you can't offend them, can't make them feel uncomfortable, not even...
View ArticleChris Hedges accused of plagiarism by The New Republic and Harpers
This is a serious charge so I won't make an editorial comment other than I expected better of Hedges.http://www.newrepublic.com/...The plagiarism at Harper’s was not an isolated incident. Hedges has a...
View ArticleKrugman on Geithner, "He was right, I was wrong"
Autopsies on the 2008 financial collapse are common but seldom have two of its bigger voices sounded off on the same topic in the same pages. Paul Krugman offers a review of Tom Geithner's new book in...
View ArticleStiglitz is lying
This is his claim:The government, under the auspices of the Federal Reserve, lends money to the bank at a near-zero interest rate. The bank then lends it back to the government at 2 or 3 percent, and...
View ArticleWRONG DIRECTION!
A whopping 65 percent of voters believe the country is headed in the wrong direction – the highest percentage the poll has ever measured before a midterm election. http://www.nbcnews.com/...
View ArticleVenezuela hires Goldman Sachs to stave off financial catastrophe
Socialist Venezuela would never sell out its friends to Wall Street, right? Yet it appears that is exactly what Caracas wants to do. Pressed by the oil price collapse, rattled by fears of default,...
View ArticleU.K. to Criminalize Manipulation of Financial Benchmarks
For those here who kept asking why bankers were not jailed for manipulating LIBOR and other rates here is the answer: It was not illegal but soon will be. LONDON—Manipulating financial benchmarks,...
View ArticleCredit rating firm S&P to be suspended for one year
Short diary here. I follow the financial industry closely and find this to be a fitting punishment for one of the worst actors in the 2008 financial meltdown. Standard & Poor’s will be suspended...
View ArticleBlack History - Obama Medal of Freedom recipient has died.
Barriers are broken one at a time - a thousand times over. Some may consider this one example small but I don't. Tiger Woods had it easy. Charlie Sifford was the truly the Jackie Robinson of golf....
View ArticleElizabeth Warren will not back ridiculous "Audit the Fed" bill
As I have been saying here, the "Audit the Fed" bill is nothing more than an attempt to weaken the Fed's independent role in monetary policy matters. Now Senator Warren agrees: Sen. Warren Opposes...
View ArticleThe Tale of Jeshua Cottontail - the Animal Messiah
As I am not religious but I do love animals I am posting this again for those who share those traits and like a good fable as well.Happy Easter all!
View ArticleIowa Democrats give Obama 89% favorable rating
If by chance you happen to know me here you also know I am a stalwart Obama supporter. I also look at polls to see how the liberal community at large is thinking.President Obama is #1 in approval...
View ArticlePew Research (May 27) Americans overwhelmingly favor free trade agreements
The latest national survey by the Pew Research Center, conducted May 12-18 among 2,002 adults, finds that 58% say free trade agreements with other countries have been a good thing for the U.S., while...
View ArticleNew PPP national poll: Hillary Clinton extends lead over Democratic opponents
Bernie Sanders may be gaining momentum in recent New Hampshire polling but Hillary Clinton is more dominant than ever in the national polling. She's at 65% to 9% for Bernie Sanders, 5% for Martin...
View ArticleObama nominates Kathryn Dominguez, harsh critic of US fiscal policy, to Fed...
WASHINGTON—President Barack Obama will nominate University of Michigan economist Kathryn Dominguez for a seat on the Federal Reserve’s Board of Governors, the White House said Monday. Ms. Dominguez is...
View ArticleGeneral Electric moving 500 jobs overseas due to GOP policy
General Electric Co. will move around 500 U.S. jobs overseas to avoid losing business to foreign rivals, a decision the company said was prompted by the lapse of the U.S. Export-Import Bank earlier...
View ArticleEx-CEO sentenced to 28 years in prison
Former peanut company executive Stewart Parnell was hit with a virtual life prison term Monday for his 2014 conviction on crimes related to a salmonella outbreak blamed for killing nine and sickening...
View ArticleMayor Bill de Blasio endorses Hillary Clinton
Citing income inequality as the most pressing issue of our times Mayor de Blasio endorsed Hillary Clinton for President today on 'Morning Joe'
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