It was a good day when Larry Summers, former Secretary of the Treasury and economic advisor to President Obama withdrew his name for consideration as new the Chairman of the Federal Reserve. It’s an even better day now that Janet Yellen has been nominated for the position. If confirmed, Ms. Yellen will make history as the first female chair of the Federal Reserve, the nation’s central banking system.… [Read more]
“We are not going to pay a ransom for America paying its bills.” ~ President Obama
The 8-day old U.S. government shutdown has been described as ‘a game of chicken‘. Today at a press conference, President Obama announced that he spoke with House Speaker John Boehner and told him that “Hanging the threat of economic chaos over the heads of the American people should not be part of any discussion about the government shutdown.” … [Read more]
Fast Food Forward, the group that organised protests in New York City, stated “No one can survive on $7.25 (per hour).” They’re correct — especially when one takes the cost of living in a large metropolitan area into consideration.
Across the country a couple of weeks ago, protesters gathered outside a host of fast-food restaurants to take part in a one day strike that called for higher wages for fast food workers.… [Read more]
It has been 50 years since Dr. Martin Luther King Jr. delivered his historic “I Have a Dream” speech in front of the Lincoln Memorial. All of the preparation leading up to the march for jobs and freedom, and Dr. King’s speech, mark a pivotal period in time that changed the nation’s course.
Today, at 11:00 am ET, a ceremony begins honouring the day.… [Read more]
On Aug. 26, 1920, the 19th Amendment to the U.S. Constitution, which guarantees American women’s right to vote, was certified by Secretary of State Bainbridge Colby. Ratification and certification of this amendment meant that United States citizen could not be denied the right to vote on the basis of gender. This amendment was a long time in the making; it was first introduced in 1878 by Susan B.… [Read more]
Well, well, well…look here, y’all!. The Justice Department is fired up and ready to go. Breaking news is that the Justice Department has officially announced that it will file suit against the state of Texas, the Texas Secretary of State, and the Director of the Texas Department of Public Safety over the State’s strict voter photo identification law (SB 14).… [Read more]
Today is a big day in the world of higher education; during a bus tour through New York and Pennsylvania, President Obama will be revealing a broad plan for rating colleges based, among other factors, on the affordability of the institution. After seeing the cost of a college education far outpace inflation — and costs more than triple over the past three decades, the President’s goal is to link the affordability rating to federal financial aid awards.… [Read more]
Three years after Army Pfc.Bradley Manning’s arrest for leaks of U.S. government and military secrets, the WikiLeaks trial ended with Manning, found guilty of illegally leaking documents which carried 20 other legal specifications and a potential sentence of up to 154 years in prison when all charges are aggregated. Manning was found not guilty on the charge of aiding the enemy, which would have carried a life sentence.… [Read more]
“Far too many people in New York City have been deprived of this basic freedom far too often.”… “The NYPD’s practice of making stops that lack individualized reasonable suspicion has been so pervasive and persistent as to become not only a part of the NYPD’s standard operating procedure, but a fact of daily life in some New York City neighborhoods.” … [Read more]
Banks behaving badly (now referred to as BBB) should be the title of an on-going saga with the nation’s largest financial institutions. It’s also the reason why harsh penalties and strict regulations are needed to keep Wall Street from running amok.
In the latest episode of ‘BBB’, J.P. Morgan Chase, the nation’s largest bank based on its asset size, is back in the news again. … [Read more]