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Category: Economy

Did Bain and 9 Wall Street Firms Conspire to Slash Stock Prices of Companies They Raided?

by Darwin Bondgraham | May 3, 2013 | Economy

(Bain Capital is now famous for being founded by former Republican presidential candidate Mitt Romney, center, whose estimated worth is $250 million. Bain Capital is one of 10 private-equity firms defending itself in a civil case that alleges they conspired to defraud investors. This photo is from 1984. Source: WP) Private equity is poised to […]

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House Finance Chair Hensarling Vacationed with Wall Street

by Justin Elliot | May 2, 2013 | Economy

(Texas Republican Jeb Hensarling, chairman of the House Financial Services Committee, vacationed with Wall Street bankers in January, raising concerns of conflicts of interest: Fox.) In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. Six weeks later, campaign finance filings and interviews show, Hensarling was joined by […]

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Arthur Goldwag: the Tsarnaevs, Conspiracy Theorists and the Politicians Who Exploit Them

by Arthur Goldwag | May 1, 2013 | Economy

(Alex Jones claimed the U.S. was behind the Boston bombings to strip Americans’ civil liberties.) Boylston Street was literally slick with blood when Massachusetts Gov. Deval Patrick held a press conference on April 15. The first question came from Dan Bidondi. “Why were the loud speakers telling people in the audience to be calm moments […]

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For Bobby Jindal, April Was the Cruelest Month

by Stephanie Grace | May 1, 2013 | Economy, Politics

It’s become an article of faith in louisiana that Republican Gov. Bobby Jindal has his eye on a bigger prize. Jindal consistently, if winkingly, denies it. But in Baton Rouge, his national ambition is part of the landscape. That’s worked out fine for the one-time Rhodes Scholar and precocious policy whiz, who landed his first […]

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Mike Konczal: The Austerity of a Coding Error and Why the Reinhart-Rogoff Fiasco Matters

by Mike Konczal | Apr 26, 2013 | Economy

Editor’s Note: In April, the credibility of economic austerity, which has incited rioting in Europe, took a hit when a graduate student from the University of Massachusetts-Amherst found a coding error in a 2010 research paper published by Harvard professors Kenneth Rogoff and Carmen Reinhart. Since the 2010 release of that paper, which argued that […]

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