Economy and Business
Mitch-the-the-prairie-populist is publicly pretending to be fighting Wall Street, while Mitch-the-bankers’-buddy is privately shaking them down for campaign cash in exchange for being on their team. Who could be cynical about that?
During the Great Depression, a pay package for the top executive at National City Bank–the Wall Street giant we know today as Citigroup–scandalized the nation. It clocked in at more than $1 million, sparking an angry Congress to make corporations disclose their top executive salaries. Today, CEOs regularly rake in more than $20 million a year. But another landmark leap on executive pay disclosure could be around the corner. Congress may shortly shine the brightest light yet on executive pay excess, thanks to a simple little amendment introduced by Senator Bob Menendez (D-NJ).
Bradley Birkenfeld, who is serving time in a Pennsylvania federal prison for his role in Swiss-bank tax evasion schemes that he exposed, is now petitioning President Obama for clemency. He submitted his clemency application on tax day, arguing that he has worked with federal officials to expose thousands of tax cheats. As Jesselyn Radack explained in her recent OtherWords op-ed, rewarding Birkenfeld’s information, which led to $780 million recovery for our treasury, with a three-plus year prison sentence simply discourages would-be whistleblowers.
There’s yet another movement afoot to put Ronald Reagan’s face on the $50 bill, replacing that of Ulysses S. Grant. A number of Republicans in Congress have been beating the drums in support of the idea.
A mass murder has taken place in an American workplace, taking 29 lives. The authorities know who did it, so shouldn’t that person be made to pay for this heinous crime?
Regardless of why Haiti fared so much worse than Chile, we should help Haiti not just recover but prosper. If a nation’s greatness is measured by how it treats its weakest members, as Gandhi famously said, then the international community, too, must be assessed by the same yardstick.
The Government Accountability Project (GAP) has filed a complaint with the Washington, DC Bar Association against Suzanne Folsom, former Director of the Department of Institutional Integrity (INT) at the World Bank from 2006 to 2008.
Just like Victory Bonds supported the U.S. role in World War II, so does Green America hope to see “Clean Energy Victory Bonds” help America fight climate change.