Opinion

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Religion and the economy: A theologian challenges ‘status quo’

A Texas theologian challenges the idea that Jesus Christ's teachings must be contorted into support for big business and the "status quo."

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The new normal

Goldman Sachs and J.P. Morgan Chase are back to the "old normal." Profits are soaring - $3.2 billion and $3.6 billion respectively in the third quarter

PEOPLE BEFORE PROFITS On the road to economic recovery

This week, July 4, 2009, on the road to economic recovery. The official unemployment rate now exceeds 9.5%--the worst in at least 25 years. The unofficial -- including discouraged, underemployed, and otherwise discarded workers -- rises above 15%. African-American and Latino men are taking the hardest hit. Urban unemployment among young men now nears 50%. Some call unemployment a 'lagging indicator' -- but unchecked, it will become the leading, and controlling, indicator.

We must incriminate the basic rules of capitalism: An interview with Paul Boccara

Communist economist Paul Boccara has just published a book about the transformations and the crisis of global capitalism, in which he deals with the financial crisis, among other topics. Paul Boccara puts forward proposals to initiate emancipation from this 'gone mad' system.

News Analysis: U.S. financial stability plan fails to thaw market

U.S. President Barack Obama's administration on Tuesday unveiled its long-expected reshaped financial rescue plan.

10 truisms of capitalism from the mouths of robber barons

The callousness and greed of today’s bankers, financiers and corporate CEOs calls to mind the 19th century robber barons. Here’s a relevant sample of classic statements made by some of the worst U.S. capitalists in history.

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To bail or not to bail?

The difficulty in sealing a deal to relieve the financial crisis is no surprise. People on Main Street are fuming over the Bush administration’s $700 billion “cash for trash” proposal to bail out Wall Street at taxpayer expense.

OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2

The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.

OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2

The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.

Taxing the oil companies hot air

Last October 12 U.S. Senators sent a letter to nine major oil companies, asking them to donate part of their record profits to help poor Americans faced with large increases in their heating oil costs this winter.

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