What the GOP Senate Could Mean for the Environment

By: Wednesday November 5, 2014 4:10 pm

The next chair of the Senate Environment and Public Works Committee will likely be Oklahoma Senator James Inhofe, a well-known and outspoken climate change denier. In 2012, citing Genesis 8:22 in the Bible, he said, “‘as long as the earth remains there will be seed time and harvest, cold and heat, winter and summer, day and night.’ My point is, God’s still up there. And this is the, the arrogance of people who think that we human beings would be able to change what He is doing in the climate is to me, outrageous.”

 

House Set To Pass Bills Written For And By Wall Street This Week

By: Tuesday October 29, 2013 12:50 pm

House members who plan to vote for these bills have no fear whatsoever of being so obviously in Wall Street’s pocket. The bill is exposed as being written by Wall Street lobbyists and no one cares? Then again, perhaps Wall Street writing the bills is so commonplace in DC that such a revelation is in no way surprising or worth further consideration by members of Congress.

SEC Deregulates Hedge Funds

By: Thursday July 11, 2013 11:10 am

The SEC is back to its old tricks, putting aside the public interest for private concerns. The latest maneuver involves lifting the ban on allowing highly risky investment vehicles known as hedge funds to advertise publicly for the first time. Yes, even in the bubblemania of the 1990s this was not done for fear people would lose their money in the riskiest part of the Wall Street casino.

FDL Book Salon Welcomes Edward Luce, Time to Start Thinking: America in the Age of Descent

By: Saturday April 13, 2013 1:59 pm

Edward Luce’s book has been widely praised as carefully balanced and filled with evocative analysis and reportage. With a cast of dozens of academic, business and governmental thinkers, it wrestles with America’s relative economic decline, how the global economy is increasingly siphoning away America’s ability to innovate and manufacture, and a wide range of U.S. policy failures from education to healthcare to reinventing government. Too often Internet-entranced readers like me look for distillations to digest quickly, rather than dwell on the fascinating interviews, anecdotal treasure chest, and hard-nosed analyses in Mr. Luce’s detailed yet highly entertaining book.

As Weather Forecasters Predict Continued Drought, Goldman Cashes In

By: Tuesday January 22, 2013 5:00 pm

The farm belt has been facing one of the severest droughts in its history and recent forecasts conclude that the next 3 months are going to make a bad situation worse. The situation has deteriorated to the point where hundreds of counties are being labeled disaster areas due to drought.

As Weather Forecasters Predict Continued Drought, Goldman Cashes In

By: Tuesday January 22, 2013 6:40 am

The farm belt has been facing one of the severest droughts in its history and recent forecasts conclude that the next 3 months are going to make a bad situation worse. The situation has deteriorated to the point where hundreds of counties are being labeled disaster areas due to drought. Meanwhile back on Wall Street, Goldman Sachs has been harvesting mighty profits from food shortages.

FDL Book Salon Welcomes Sheila Bair, Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself

By: Sunday November 18, 2012 1:59 pm

Bull by the Horns is the story of financial calamity seen from the perspective of this public servant, rendered from detailed notes. We learn with whom she met, what was said, what decisions taken, and how things turned out. She begins with the battles over deregulation of the banks (Basel II), with the gathering sub-prime storm, and proceeds through the disaster: WaMu, Wachovia, Citigroup, Bank of America, AIG, Citigroup again. And then the battles of the aftermath, over among other things Dodd-Frank, Basel III and the robosigning frauds. This is a book for aficionados of infuriating detail.

FDL Book Salon Welcomes Charles Ferguson, Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America

By: Saturday June 23, 2012 1:59 pm

Charles Ferguson is a former Clinton Administration policy consultant and Brookings Institution senior fellow with a lifetime membership in the Council on Foreign Relations and a political science PhD from MIT. What enabled a guy with such impeccable establishment bona fides to make a documentary as comprehensively censorious of The System as Inside Job, the Academy Award-winning 2010 documentary about How It All Went To Hell is, I suspect in part, because he has also done considerable time in Silicon Valley, having founded the company that developed the web software Front Page before selling out to try his hand at filmmaking.

More JOBS Act Deregulatory Measures Found

By: Monday April 2, 2012 3:30 pm

Yves Smith points us to a nice takedown of the woeful JOBS Act, which should get signed into law this week. Chris Hayes had Bill Black and Alexis Goldstein of Occupy the SEC on to talk about it, with Rep. Carolyn Maloney making a (weak) defense. It really was no contest.

Deregulatory JOBS Act Gets Final Passage in the House

By: Wednesday March 28, 2012 1:10 pm

The House may not have been able to pass a transportation bill yesterday to enable the smooth functioning of two million construction jobs, but they did find the time to kill a bunch of investor protections and deregulate the securities markets while passing the bill to deregulate potentially fraudulent investment practices.

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