Tag Archives: Wall Street

The Economics of ‘Flood Wall Street’

The Economics of ‘Flood Wall Street’
After nearly 400,000 people turned out for a climate march in New York City on Sunday, activists are taking that momentum to protest in Lower Manhattan on Monday in what they’re calling Flood Wall Street. The slogan is “Stop capitalism. End the climate crisis,” and the goal is to “confront the root cause of ... Read more

The Lure of Taxable Debt

The Lure of Taxable Debt
Some universities have started forgoing their ability to issue tax-exempt bonds, long considered a benefit of their nonprofit status. Issuing taxable bonds instead makes sense under market conditions that defy conventional wisdom and allows institutions to avoid additional regulations on tax-exempt bonds, according to ... Read more

Economy slumps, Wall Street booms

Economy slumps, Wall Street booms
Alongside the massive diversion of social wealth to the financial elite, the IMF, World Bank and Fed continue to demand the gutting of past social reforms and protections for workers, in the name of “job creation” and “competitiveness.” Calling for cuts in government subsidies that hold down food and energy ... Read more

Infrastructure Sticker Shock

Infrastructure Sticker Shock
A general rule for government bonds is that they double the cost of projects, once interest has been paid. The San Francisco Bay Bridge earthquake retrofit was originally slated to cost $6.3 billion, but that was just for salaries and physical materials. With interest and fees, the cost to taxpayers and toll-payers ... Read more

Creditocracy or Democracy?

Creditocracy or Democracy?
The formula used to trap personal debtors today is much the same as the International Monetary Fund’s formerly controversial lending arrangements to poor countries — loan installments are made so that borrowers can service existing debts, while the principal is rolled over. With average incomes stagnant or falling, ... Read more

How Wall Street Financial Fees Choke Our Cities

How Wall Street Financial Fees Choke Our Cities
When a city is forced to spend more on Wall Street fees than on basic public services, it is the sign of trouble. When that city is one of America's biggest population centers, it is the sign of a burgeoning crisis. That's the key takeaway from a recent report looking at what has been happening ... Read more

Bitcoin for Undergrads, Wall Street’s Next Pump-and-Dump

Bitcoin for Undergrads, Wall Street’s Next Pump-and-Dump
The story was everywhere last week: MIT undergraduates will each receive $100 in Bitcoin when they arrive on campus next fall. The gift comes thanks to an affluent donor and two precocious student entrepreneurs — one a sophomore computer science major, the other a first-year Sloan MBA ... Read more