Category: Money

We Need to Get Rid of the Useless Penny

We Need to Get Rid of the Useless Penny

Pennies cause more even more trouble than they are worth — quite literally.
Sen. Elizabeth Warren Asks Why the Justice Department Went Easy on Big Banks

Sen. Elizabeth Warren Asks Why the Justice Department Went Easy on Big Banks

After an article by ProPublica and American Banker examining how the DOJ softened settlements with RBS and Barclays, the presidential candidate blasts settlements that let banks “evade accountability.”
WaPo’s Rucker: ‘Privately,’ Trump Is Quite ‘Alarmed and Rattled’ with the Economy

WaPo’s Rucker: ‘Privately,’ Trump Is Quite ‘Alarmed and Rattled’ with the Economy

Although publicly, Donald Trump and his advisers wave off any suggestion of a recession for the US economy the reality is quite different in private, according to a prominent Washington Post reporter.
The Trade War: Outlook, Not So Good

The Trade War: Outlook, Not So Good

Trade wars, like their nuclear counterparts, are essentially unwinnable. Once one side pulls the trigger the other side is left with no other option but to retaliate and mutually assured devastation ensues.
How Trump’s Political Appointees Overruled Tougher Settlements With Big Banks

How Trump’s Political Appointees Overruled Tougher Settlements With Big Banks

After talks with well-connected lawyers for Barclays and Royal Bank of Scotland, senior Justice Department officials in Washington last year told career prosecutors who’d been investigating the banks’ misdeeds to settle for less than they wanted.
We Can’t Afford to Raise Minimum Wage to $15

We Can’t Afford to Raise Minimum Wage to $15

The U.S. economy is booming, reaching 10 straight years of growth without a recession, and the unemployment rate has fallen to its lowest level in nearly 50 years.
New York Is Investigating Whether Facebook Lets Advertisers Discriminate

New York Is Investigating Whether Facebook Lets Advertisers Discriminate

New York's Department of Financial Services will look into allegations that advertisers can exclude users by race, gender, age and other characteristics that are protected under federal law.
Trump Critics: US Can’t Have a Trade Policy Based on Threats and Tweets

Trump Critics: US Can’t Have a Trade Policy Based on Threats and Tweets

Bernie Sanders: 'But Trump's erratic threats and trade policies are not the way to go.'
Democratic Senators Push Bank Chief To Do Away With Forced Arbitration

Democratic Senators Push Bank Chief To Do Away With Forced Arbitration

'One of the fundamental principles of our democracy is that everyone should get their day in court. Forced arbitration deprives Americans of that basic right.'