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Melissa Harris-Perry will be a featured speaker at the Take Back the American Dream conference, convening June 18 to 20 in Washington, DC, as part of the plenary session, "2012 and Beyond: Victory Necessary, Not Sufficient." The following is an excerpt of an article more »

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At today's Amazon shareholder meeting in Seattle the company announced that it is dropping support for ALEC, while fudging questions about its taxes and voting down proposals to report its efforts to address climate change and to disclose its political spending.

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More and more people are calling for Jamie Dimon, CEO of JPMorgan Chase, to resign from the Board of the New York Federal Reserve. more »

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Van Jones will be a featured speaker at the Take Back the American Dream conference, convening June 18 to 20 in Washington, DC. more »

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Jeffrey Rosen will be a featured speaker at the Take Back the American Dream conference, convening June 18 to 20 in Washington, DC, as part of the panel "The Supreme Court & Constitutional Policy for Progressives." The following is an excerpt from an article more »

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I wanted to wait a few days before commenting on Newark Mayor Cory Booker’s spontaneous criticism of Barack Obama for picking on Mitt Romney's experience at Bain Capital. Booker doesn’t know much of anything about private equity, but many financial services donors have his ear. more »

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I have "Build Me Up Buttercup" stuck in my head and I think I figured it out.

President Obama is coming to Redwood City today (and I am fleeing, heading to Seattle to cover tomorrow's Amazon shareholder meeting.) Look at the marquee at the downtown Fox Theater: more »

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An issue at the core of all the fuss about fiscal sustainability is Government solvency. The deficit hawks and doves believe that Governments sovereign in their own currency can run out of money if they keep deficit spending, and keep borrowing to do it. more »

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Three of Wall Street biggest and best-known financial institutions handled the Facebook IPO, so why were people immediately suspicious when the stock soared and then promptly tanked? Easy answer: Because three of Wall Street biggest and best-known financial institutions handled the Facebook IPO. more »

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A number of groups representing American manufacturing companies and industries have asked the Obama administration for clear language that bans currency manipulation to be included in any new trade bills. more »

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Originally published at Capital Gains and Games.

It’s not hard to understand the political motivations behind Boehner taking the position he took on the debt ceiling. He needs the support of the House GOP caucus to remain Speaker. All indications are that, as has been the case since the 2010 election, House Republicans are not in a compromising mood on anything having to do with the federal budget.

Threatening another cliffhanger battle as he did last week doesn’t provide the leadership Boehner said was needed to deal with this. Instead of simply complaining that the president had “lost his” courage when it came to the budget, Boehner should have displayed some of his own.

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At Citigroup, shareholders had their say on CEO pay -- and they yelled, "No damn way!"

Concerted action by shareholders, workers and public interest groups compelled corporate change in several other cases this spring as well.

At least three CEOs resigned. more »

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I attended a lunch gathering with economist and NY Times columnist Paul Krugman, who is speaking today in San Francisco about his new book. Paul Krugman will also be speaking at the Take Back The American Dream 2012 conference that takes place June 18-20 in Washington, DC. more »

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Originally posted at Capital Gains and Games.

I can't tell you the number of focus groups I've watched and polls I read where the overwhelming opinion was that federal spending could be cut without any decrease in the quantity and quality of what the government does.

Hell...As I posted about in 2010, even the recommendation from the co-chairs of the Bowles-Simpson commission -- who definitely should have known better -- proposed a reduction in the number of federal employees and the number of consultants but, presumably based on the assumption that the government wouldn't have to stop doing anything it was already doing, didn't suggest any activity be eliminated.

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When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and maybe more. Apparently it is more - a lot more. People in a position to know are saying the real figure is probably in the $5-7 billion range. more »

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Facebook's initial public offering last week 'offered' the world another double dose of windfalls and greed. But Egypt's elections this week may bring an IPO of a different sort, the 'initial public offering' of an antidote to avarice.

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Which is better for an economy: millions of future jobs and trillions of future dollars, or a few people making a quick buck today by selling out their country? For decades America's 1%-backed conservatives have chosen the latter course, and we can see the results all around us. more »

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