One of the Supreme Court’s least-noticed rulings in the past few months just helped the one of the planet’s biggest financial firms — and one of Donald Trump’s billionaire pals — stomp on thousands of public-sector workers and retirees in one of America’s poorest states.
- July 9, 2020
Three recent moves by President Trump’s labor secretary Eugene Scalia make it seem as if the agency is intent on being a Legion of Doom that funnels workers’ retirement savings to Wall Street billionaires and fossil fuel conglomerates.
- June 28, 2020
Jay Clayton is Trump's top pick to replace Berman as federal prosecutor for the Southern District of New York. Clayton has never served a day as a prosecutor at a state or federal level. There’s an awful lot of folks in the Southern District of New York who would stand to benefit if it gets a Wall Street crony as its federal prosecutor.
- June 24, 2020The courthouse door was just slammed shut on workers and retirees whose pension plans get bilked.
- June 15, 2020A Labor Department letter could help Trump’s private equity donors fleece 100 million workers. The letter follows a $3 million super PAC donation from a Wall Street titan pushing for the change.
- May 28, 2020
Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the world has certainly experienced its share of staggering jolts in the past, this cycle of events is likely to prove unparalleled.
- May 28, 2020The banking expert explains why Congress’ stimulus bill has been a boon for Wall Street and not the small businesses that need it most.
- May 27, 2020
Trump has persistently minimized the seriousness of COVID-19 by falsely comparing it to the seasonal flu. Initially, he used the tactic to downplay the virus as it threatened the stock market. This denial and obfuscation squandered precious time, worsened the crisis, and may have cost a number of lives.
- May 10, 2020The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.