Climate Protesters Call Out US Banks Over Fossil Fuel Funding
An Extinction Rebellion protester is arrested in front of Citibank’s Manhattan headquarters on April 24.Gina M. Randazzo/Zuma This story was originally published by the Guardian as part of our Climate Desk collaboration. As they exited their office in Tribeca on Monday afternoon, Citibank employees were confronted with a boisterous crowd chanting and dancing along to the music of a mariachi…
Why Didn’t Regulators See Silicon Valley Bank’s Collapse Coming?
A law enforcement official stands in an entryway to a Silicon Valley Bank branch location, Monday, March 13, 2023, as customers and bystanders line up outside the bank, in Wellesley, Mass. Steven Senne/AP Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Last week, Silicon Valley Bank, one…
The Word That Makes Brutal Budgets Sound “Truly Evil”
Triboro Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.The cuts have come even for the word itself. “Austerity” is a cornerstone of conservatism—a catch-all term for limiting government spending to promote capitalist growth—and yet the expression seems to have disappeared from deficit hawks’ speeches. “I call…
Funding Social Security Is a Lot Cheaper Than Coddling Rich Retirees
Mark Felix/The Washington Post/Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.On Thursday, the Social Security Administration announced its largest cost of living adjustment for beneficiaries in four decades, an inflation-driven raise of 8.7 percent that will take effect in January 2023. That increase matches the…
A Crypto Giant Froze Their Accounts. Now Customers Are Begging a Judge for Their Money Back.
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Before Celsius filed for bankruptcy last month, the company seemed optimistic about its future. In a June 7 blog post titled “Damn the Torpedoes, Full Speed Ahead,” the crypto-lending firm took aim at the “vocal…
The Fight for Student Debt Relief Started a Decade Ago—at Occupy Wall Street
Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.As a 28-year-old art student, Thomas Gokey convinced the Federal Reserve to give him bags of shredded currency worth $49,983, the exact amount of his ballooning student loan debt. He had a plan to use the…