Wall Street Bank Behind “Fearless Girl” Statue Fined For Underpaying Women

The Wall Street firm used the statue to tout its efforts to promote more women to senior positions – a program that was initiated in 2010 – the same year that the bank began underpaying women

ZeroHedge.com
By ZeroHedge.com
The "Fearless Girl" statue, created by Kristen Visbal, stands across from the "Charging Bull" statue, Monday, March 27, 2017, in New York. (AP/Bebeto Matthews)

In a controversy that can only be described as hilariously ironic, Boston-based bank and asset manager State Street Corp – which famously created and installed the “fearless girl” statue, purportedly symbolizing Wall Street’s progress toward gender equality in the workplace - to be a symbol of Wall Street’s progress toward gender equality, earlier

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As Wall Street Vultures Circle, Demands For Immediate Puerto Rico Debt Relief

“Washington must abandon its austerity agenda and support the removal of all manmade obstacles to Puerto Rico’s recovery and reconstruction.”

Jessica Corbett
By Jessica Corbett
This undated photo provided by Hector Alejandro Santiago shows his farm in Barranquitas, Puerto Rico, destroyed by September 2017’s Hurricane Maria. For 21 years Santiago raised poinsettias, orchids and other ornamental plants which were sold to major retailers including Costco, Walmart and Home Depot. In a matter of hours Maria wiped it away. (Héctor Alejandro Santiago via AP)

While Wall Street vultures circle amid an ongoing humanitarian crisis and try to entice Puerto Rico with "relief" offers in the form of more debt, advocates for economic justice are demanding immediate debt relief and federal stimulus spending to rebuild the island's devastated infrastructure. "Puerto Rico needs immediate humanitarian assistance

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After Failing To Prosecute Bankers, Obama Cashes In With Wall Street Speeches

The former president is reportedly raking in $400,000 per speech to massive financial firms.

Jake Johnson
By Jake Johnson
Former U.S. President Barack Obama waves at the audience after delivering his speech during the 4th Congress of the Indonesian Diasporas in Jakarta, Indonesia, Saturday, July 1, 2017. (AP Photo/Achmad Ibrahim)

Less than a year has passed since he departed from the White House, and former President Barack Obama has already joined the "well-trod and well paid" Wall Street speaking circuit, a decision many argued will negatively impact the Democratic Party's credibility as it attempts to fashion a message around taking on corporate monopolies,

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The Use Of Social Movements To Maintain Economic Hegemony

Western utilization and manipulation of primitivist, conservative, and reactionary social forces in order to stop economic development is a long standing tradition and is thriving today.

Caleb T. Maupin
By Caleb T. Maupin
An opponent to Nicaragua's transoceanic canal project walks past a defaced a mural depicting national hero Augusto C. Sandino, in Juigalpa, Nicaragua, June 13, 2015, during a march against the construction of the canal. (AP/Esteban Felix)

Wall Street, London, and the Bretton Woods institutions like the World Bank, and the International Monetary Fund claim to support development and the eradication of poverty around the world. They also claim to support scientific progress and raising the global standard of living. However, often they seem to make friends and allies with very

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Trump’s Treasury Plan Wins Approval Of Wall Street Titans

“We need stronger protections for consumers, but instead, this proposal is a toxic concoction of repackaged banker handouts,” said Public Citizen’s Lisa Gilbert.

Jake Johnson
By Jake Johnson
Treasury Secretary Steven Mnuchin takes his seat to testify at a House Appropriations subcommittee hearing on the budget, on Capitol Hill, June 12, 2017, in Washington. (AP/Alex Brandon)

The Treasury Department on Monday released a report (pdf) that "grants Wall Street its wishes" by recommending the White House defang the Consumer Financial Protection Bureau (CFPB) and severely roll back regulations established following the financial meltdown of 2008. Predictably, the financial industry met the report with enthusiasm. But

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Republicans Set To Gut Consumer Protections With CHOICE Act

The CHOICE Act primarily sets its sights on the Dodd-Frank Act, a regulatory package passed in the wake of the 2008 financial crisis.

Jake Johnson
By Jake Johnson
In this May 4, 2017, photo, President Donald Trump talks to House Speaker Paul Ryan of Wis. in the Rose Garden of the White House in Washington, after the House pushed through a health care bill. (AP/Evan Vucci)

While all eyes are fixed on the potentially explosive testimony of fired FBI Director James Comey, House Republicans are set to vote Thursday on the so-called CHOICE Act, a bill that, if enacted, would gut consumer protections and free Wall Street "to do whatever it wants."   Liz Ryan Murray of People's Action dubbed the legislation "a

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