Banks Put on Notice

| May 14, 2010 | Economy / BusinessThe Senate has passed an amendment to the Wall Street reform bill to prevent lenders from earning money by deliberately steering homeowners to risky loans and mortgages they can’t afford. The amendment from senators Jeff Merkley (D-OR) and Amy Klobuchar (D-MN)...

Down and Out…in America

| Mar 1, 2010 | Economy / BusinessHard to live On lousy pay; All the good jobs Went away. Returning from Haiti makes life in America look pretty sweet…briefly. Until you read the data. The poverty rate here is up to 12 percent, or 39 million people. Unemployment hovers around 10 percent (not...

Record Bank Profits and the American Dream Foreclosed

| Feb 1, 2010 | Economy / BusinessJP Morgan Chase launched the 2010 Wall Street Bonus Sweepstakes last month. The bank is still losing money on consumer services, but well-heeled investors and financial traders more than made up the difference. The bank announced $11.7 billion in profits and $26.9...