How the 2010s Brought Back Strikes, School Walkouts, and Social Movements
Occupy Wall Street protesters wave signs and banners outside the Park Avenue home of JP Morgan Chase CEO Jamie Dimon in October 2011.Andrew Burton/AP With economic inequality at the highest levels in decades, the climate in crisis, and a political system often unable to address popular demands or even elect the people’s choice, the last…
The Federal Reserve Acknowledged the Reality of Climate Change. That’s Actually a Big Deal.
US Federal Reserve Governor Lael Brainard Eric Baradat/Getty During a conference on climate change and the economy in San Francisco, one year after the deadly Campfire’s wildfire smoke made the city’s air quality among the worst on the planet, the Federal Reserve announced that it would incorporate climate change into its considerations when making policy…
Progressive Challengers Hammer Incumbent Dems Over AIG Birthday Party
A man enters an AIG office building in 2009 in New York. American International Group Inc. used federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar US government bailouts.Mark Lennihan/AP Insurance giant AIG held a 100th birthday party in the House Ways and Means Committee’s hearing room…
How Trump’s Political Appointees Helped Big Banks Avoid Tougher Punishments
Since Donald Trump’s election, federal white-collar enforcement has taken a big hit. Fines and settlements against corporations have plummeted. Prosecutions of individuals are falling to record lows. But just how these fines and settlements came to be slashed is less well understood. Two settlements with giant banks over financial crisis-era misdeeds provide a window into…