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MTA Vows ‘Full Recovery’ Of Funds Lost In LIBOR Scandal

New York City and the Metropolitan Transportation Authority likely lost millions of dollars tied to derivatives in the interest rate–fixing scandal currently under investigation by state Attorney General Eric Schneiderman — money that the MTA says it will aggressively try to recover. An MTA spokesman told the World last week that the Authority is communicating […]

September 11th, 2012
Nathaniel Herz
September 11th, 2012
By Nathaniel Herz
MTA Vows ‘Full Recovery’ Of Funds Lost In LIBOR Scandal

New York City and the Metropolitan Transportation Authority likely lost millions of dollars tied to derivatives in the interest rate–fixing scandal currently under investigation by state Attorney General Eric Schneiderman — money that the MTA says it will aggressively try to recover. An MTA spokesman told the World last week that the Authority is communicating […]

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Protests In Chile Show Dissatisfaction With Current Economic Times, Past US Intervention In Chilean Government

(MintPress) — Protests erupted across Santiago, Chile over the weekend in the leadup to the 39th anniversary of a U.S. backed coup removing President Salvador Allende from power. Protesters set up barricades and threw molotov cocktails in violent demonstrations conducted mostly by younger Chileans and political leftists. Following President Allende’s removal from power in 1973, a […]

September 11th, 2012
Martin Michaels
September 11th, 2012
By Martin Michaels
Protests In Chile Show Dissatisfaction With Current Economic Times, Past US Intervention In Chilean Government

(MintPress) — Protests erupted across Santiago, Chile over the weekend in the leadup to the 39th anniversary of a U.S. backed coup removing President Salvador Allende from power. Protesters set up barricades and threw molotov cocktails in violent demonstrations conducted mostly by younger Chileans and political leftists. Following President Allende’s removal from power in 1973, a […]

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The Revulsion Will Not Be Televised: The Poverty Of Silence – The Silence About Poverty

I was all set to talk about how both parties’ conventions were found wanting when speaking of the issues that directly impact the poor; ready to take the Republicans and Democrats to task for this egregious negligence, and then … a funny thing happened on the way to the keyboard. At the DNC convention, several […]

September 7th, 2012
Edward Rhymes
September 7th, 2012
By Edward Rhymes
The Revulsion Will Not Be Televised: The Poverty Of Silence – The Silence About Poverty

I was all set to talk about how both parties’ conventions were found wanting when speaking of the issues that directly impact the poor; ready to take the Republicans and Democrats to task for this egregious negligence, and then … a funny thing happened on the way to the keyboard. At the DNC convention, several […]

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The Bailout: By The Actual Numbers

Quick, how many billions in the red are taxpayers on the bailout of GM? AIG? Fannie and Freddie? Is it true that the government has reaped a profit from bailing out the banks? It should be easy to find answers to such questions. But while it’s a snap to find rosy administration claims about the bailout, finding […]

September 7th, 2012
Phil Galewitz
September 7th, 2012
By Phil Galewitz
The Bailout: By The Actual Numbers

Quick, how many billions in the red are taxpayers on the bailout of GM? AIG? Fannie and Freddie? Is it true that the government has reaped a profit from bailing out the banks? It should be easy to find answers to such questions. But while it’s a snap to find rosy administration claims about the bailout, finding […]

Read Full Article

Foreign Investors Plan Development Of Three Private Cities In Honduras

(MintPress) — A team of international investors will reportedly begin development on three completely privatized cities in Honduras as early as 2013. The initial $15 million investment from U.S. sources has been heralded as an important initiative, helping to expand infrastructure development in the small Central American country still recovering from a debilitating 2009 military coup […]

September 7th, 2012
Martin Michaels
September 7th, 2012
By Martin Michaels
Foreign Investors Plan Development Of Three Private Cities In Honduras

(MintPress) — A team of international investors will reportedly begin development on three completely privatized cities in Honduras as early as 2013. The initial $15 million investment from U.S. sources has been heralded as an important initiative, helping to expand infrastructure development in the small Central American country still recovering from a debilitating 2009 military coup […]

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Economic Downturn Influences Motor City’s Creative Movement

(MintPress) — As Detroit’s economy began to plummet in the early 2000s, its reputation for gutted and dangerous neighborhoods trumped the major accomplishments the industrial city had once been recognized for. Largely discouraged by the 18.2 percent unemployment rate that plagued the city at the height of the economic crisis, 25 percent of Detroit’s residents […]

September 5th, 2012
Katie Rucke
September 5th, 2012
By Katie Rucke
Economic Downturn Influences Motor City’s Creative Movement

(MintPress) — As Detroit’s economy began to plummet in the early 2000s, its reputation for gutted and dangerous neighborhoods trumped the major accomplishments the industrial city had once been recognized for. Largely discouraged by the 18.2 percent unemployment rate that plagued the city at the height of the economic crisis, 25 percent of Detroit’s residents […]

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In Chicago, Lifeline Schools Brace For Strike

Elfega Cazares isn’t taking sides in the standoff between the Chicago Teachers Union and Chicago Public Schools over contract talks. Like many of the immigrant parents in the city’s Pilsen neighborhood, she knows her children stand to lose the most if teachers walk off the job next Monday. “It is very important that we stay […]

September 4th, 2012
Associated Press
September 4th, 2012
By Associated Press
In Chicago, Lifeline Schools Brace For Strike

Elfega Cazares isn’t taking sides in the standoff between the Chicago Teachers Union and Chicago Public Schools over contract talks. Like many of the immigrant parents in the city’s Pilsen neighborhood, she knows her children stand to lose the most if teachers walk off the job next Monday. “It is very important that we stay […]

Read Full Article
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