new york stock exchange

Trump Is Lying About 9/11 - Again -  to Defend His Abominable Behavior

During his presidential campaign, President Donald Trump faced heavy criticism for repeatedly lying when he claimed that he saw "thousands" of "Arabs" celebrating in New Jersey when the Twin Towers fell on 9/11. This was widely panned as an outrageous lie — and a deeply racist one at that — and yet his campaign continued and eventually succeeded.

Keep reading... Show less

The Dystopian Aftermath of the New York Stock Exchange Breakdown

I wake up from my whiskey stupor to the scent of burning motherboards, and I know that something is wrong. Out the window in New York’s Financial District, two men in torn bespoke suits roast a body over an oil drum. It looks like Thomas Friedman’s, but I can’t be sure.

Keep reading... Show less

The Companies Making a Profit by Abusing the Poor

In Orange County, Calif., the probation department’s “supervised electronic confinement program,” which monitors the movements of low-risk offenders, has been outsourced to a private company, Sentinel Offender Services. The company, by its own account, oversees case management, including breath alcohol and drug-testing services, “all at no cost to county taxpayers.”

Keep reading... Show less

Why the Average Joe Investor Can't Trust the Stock Market

Most Americans don't think much about the stock market, and that's just fine with Wall Street. Because once you wake up to how screwed up the stock market really is, the financial industry knows you're likely to get very nervous and take your money out.

Keep reading... Show less

How Parasite Corporations Like Pfizer are Chucking U.S. Citizenship to Escape from Taxes

Let’s say you’re a giant American corporation like Pfizer, founded in Brooklyn way back in 1849. The fact that you exist and make a profit is largely due to the generous support of U.S. taxpayers. It’s the taxpayers, after all, who pony up for the National Institutes of Health, which does the basic research you rely on to develop drugs on which you make gigantic sums. And it’s the taxpayers who shell out large amounts of money to protect your patents, broker trade treaties in your favor, and protect your interests around the world in international negotiations. The same ones who pay for the public education of your employees and the costly infrastructure—the highways, airports, etc.—needed to move your products. The very folks who pay the billions in federal contracts you receive.

Keep reading... Show less

Billionaires Gone Wild: Why a Globalization-Fueled Art Bubble Spells Trouble For You and Me

Why should you care about the fetishes of the super-rich? Because what they’re up to could portend big trouble for the rest of us.  When gazillionaires go on art buying-sprees, past history suggests that certain bad things could happen.

Keep reading... Show less

Bill Maher: When Did Making a Profit Become the Only Reason to Do Anything?

How about this for a New Rule: Not everything in America has to make a profit. It used to be that there were some services and institutions so vital to our nation that they were exempt from market pressures. Some things we just didn't do for money. The United States always defined capitalism, but it didn't used to define us. But now it's becoming all that we are.

Keep reading... Show less