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As they suffered in sweltering heat, walked through sewage and faced unspeakable conditions, some of the passengers aboard the Carnival Cruise Lines ship Triumph probably were thinking, “At least when we finally get home, we can go to court and sue the company that did this to us.” Well, they can try — and some ...
A certain drama has become familiar in the United States (and some other advanced industrialized countries): Bankers encourage people to borrow beyond their means, preying especially on those who are financially unsophisticated. They use their political influence to get favorable treatment of one form or another. Debts mount. Journalists record the human toll. Then comes ...
The skirmishing is almost over, the main armies almost assembled. Ahead is a great battle over the future of our financial system that could have more profound consequences than the Dodd-Frank legislation of 2010. The battleground is the hearts and minds — and fears — of the seven people who make up the board of ...
Waiting on the desk of Mary Jo White, the new chair of the Securities and Exchange Commission, is a petition (No. 4-637) demanding more clarity about corporate political spending. It has more than half a million positive public comments. Past SEC chairs have addressed the issue of corporate money in politics. And now it is ...
Senators Sherrod Brown (D-OH) and David Vitter (R-LA) have introduced a bill entitled “Terminating Bailouts for Taxpayer Fairness Act of 2013.” It is a miracle of modern staffing that Vitter, who loves polluters as much as his prostitutes, was able to pull himself away from demanding that President Obama’s nominee to run the EPA answer ...
In light of the recent Oregon Medicaid study, several people have discussed the idea of taking parts of the social insurance system and replacing them with cash benefits. This naturally brings up the debate about whether it should be a policy goal for the United States to adopt a universal basic income (UBI). These poverty-level targeted incomes are universal ...
Four decades after the campaign finance reforms that followed Watergate, arguments over the role of money in politics seem increasingly tired and unproductive. We ought to build on the experience of recent years and consider what’s necessary for a new phase of political reform. Reforms appear destined to fail unless they rest on three key ...
Some proponents of the current American version of corporate capitalism contend that if there is a problem with the way our largest companies are run, shareholders will take care of it – by putting pressure on directors, sometimes voting them out. Shareholders are not supposed to replace chief executives directly but apply pressure to the ...
After years of repeated reports of sexual assaults — and years of promises to prevent them, and then years of studies and commissions to find the best way of doing so — a Defense Department study released Tuesday estimates that some 26,000 people in the military were sexually assaulted in the last fiscal year, up from about ...
In recent weeks, citizens in many countries suffering from government budget cutbacks have been learning more and more about one of the biggest and most dangerous scams in the world: the global web of tax havens that U.S. and European politicians and bankers have nurtured over the years. The only real purpose of these havens ...
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