U.S. Justice Dept. moves to block AT&T, T-Mobile merger

By Andrew Nusca ZDNet, August 31, 2011 The U.S. government on Wednesday officially filed suit to block AT&T’s proposed $39 billion acquisition of T-Mobile. The reason? The acquisition of America’s fourth-largest carrier by its second-largest would “substantially lessen competition” in the ... Read more

Some U.S. firms paid more to CEOs than taxes: study

 Below is a news article from Reuters describing a report published by the Institute for Policy Studies, followed by IPS’s explanation of the study and a link to the full study. Some U.S. firms paid more to CEOs than taxes: study Reuters August 15 2011 WASHINGTON | Wed Aug 31, 2011 8:45am ... Read more

How the Oama Health Law is Making Health Care Worse

The Great Health Care Takeaway By Shamus Cooke Z Net, August 31, 2011 The health care crisis in the United States is getting worse with no visible end. The popular anger over unattainable or unaffordable health care has been diverted away from corporations by crafty politicians, always seeking ... Read more

How Did Corporate Power Get a Stranglehold?

This month is the 40th anniversary of a memorandum sent by Lewis Powell Jr., then an attorney for the Richmond Chamber of Commerce, to his friend Eugene Sydnor, Jr., the director of the U.S. Chamber of Commerce.  Powell had been a corporate lawyer and lobbyist for the tobacco industry with the Virginia ... Read more

Resisting Foreclosure

Summarized by Kevin Zeese This is a session of the economic track of the Democracy Convention that was held on August 25th and focused on resisting foreclosure.  The two speakers were Ellen Bernards and David Petrovich whose biographies are included at the end of the summary. Foreclosure process varies across the country, sometimes even ... Read more