Posts Tagged ‘Bank of America’
Freedom Plaza and BoA Action in DC
A quick report from DC: On Thursday around lunch time I visited the other #OccupyDC encampment, at Freedom Plaza. It was about at sleepy as the one at Macpherson Square (which I visited, and blogged about, on Wednesday), and the space is wide open and inhospitable, across the street from the massive Ronald Reagan building. ...Read more.
Teaching Economics, Big-Bank Style
The New York Times, citing results from the National Assessment of Educational Progress (publicized as “The Nation’s Report Card”), reports that “42 percent of high school seniors were deemed proficient in the 2006 economics test, a larger proportion than in any other subject over the last decade.” In this era of economic crisis, it would ...Read more.
John Miller at US Uncut Protest; Jonathan Rowe
1. U.S. Uncut Teach-In John Miller, D&S collective member and columnist, participated in a recent US Uncut teach-in. (Here is the article from The Nation that got people excited about starting a U.S. version of UK Uncut.) 2. Jonathan Rowe, RIP. We just found out (via D&S collective member Bryan Snyder) that Jonathan Rowe, the ...Read more.
Activists Shut Down BoA Branch in D.C., and more
(1) NPA Activists Shut Down BoA Branch in D.C. From today’s Democracy Now!: Activists Shut Down Bank of America Branch in D.C. in Tax Protest In Washington, D.C., 600 activists with National People’s Action shut down a branch of Bank of America Monday to protest the bank’s record of dodging taxes. National People’s Action recently ...Read more.
Trouble for BofA; Cash for Gaza?
(1) More bad news for Bank of America: Earlier this week Bloomberg and other outlets reported on the settlement that has BofA paying Fannie/Freddie $2.8 billion, “after the U.S.-owned firms demanded the company buy back mortgages they said were based on faulty data.” This kind of news, along with WikiLeaks’ claim (which we’ve reported here ...Read more.
The Depression, Brave New World, 1984
(1) Comparisons with the Great Depression: The cover story for our Jan/Feb Issue, which is just going to the printers (but will be available in full color to e-subscribers by Wednesday, possibly earlier), is about unemployment–in particular the claim, rampant in the media these days, that today’s unemployment is “structural,” and has to do with ...Read more.
Record Profits; Wikileaks and Bank of America; etc.
(1) Record Profits in 3rd Quarter: In case you missed it last week while making pumpkin pie, U.S. companies just had their best quarter on record. From the New York Times: American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That ...Read more.
QE2, London Protests, Banks in Trouble
(1) More on QE2: Here is an amusing video (hat-tip to Steve Schnapp of United for a Fair Economy, our neighbors and landlords). I think it is hilarious, though I think some of the points it makes are questionable. E.g. I think the fear of inflation isn’t warranted, and that there really are deflationary pressures. ...Read more.
Foreclosure Trouble, etc.
(1) “Foreclosuregate” and the too-big-to-fail banks: The blogosphere is abuzz about the trouble the big banks seem to be in with respect to foreclosures. What’s gotten people going is the scandal that has been called “foreclosuregate” and “the Robo Signing Scandal,” wherein the big banks have evidently falsified or fabricated missing paperwork in order to ...Read more.
