Economy

No Hidden Fees in HSBC Drug Cartel Scandal, Charges Dropped

This is probably the most insane story of the year. We spoke to Matt Taibbi about HSBC laundering hundreds of millions to billions of dollars in drug cartel money and how they will not be prosecuted. Here's Cliff Schecter talking about it in his weekly news review segment with Sam Seder.
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For Grieving Father Struggling With Dead Son’s Student Debt, Resolution Comes Four Years Late

It's been four long years for Francisco Reynoso. The California gardener whose son died in a car accident in 2008 left him buried in grief — and in student debt. At last, the bereaved father is getting some resolution.
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America's Future: Three New Books Offer Different Viewpoints

A plethora of new books suggest America has entered a state of rapid decline. Two recent works on this subject, both heavily footnoted, are worthy of attention. One is by an elitist on the right and the other by one on the left. In contrast, a third new book is full of hope.
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Writer Claims Anti-Poverty Programs Make Life Too Easy on the Poor

The New York Times' Nicholas Kristof admits he knows little to nothing on the subject, but would like to address how anti-poverty programs are hurting the poor. For example, Kristof explains, "Why would these poor people want to join the military when they could just get food stamps or collect disability?"
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The Power Divide: Wealthy and the Poor Fight to Remain Relevant

The dilemma isn’t just economic. It’s also political. As money concentrates at the top, so does power. That concentrated power generates even more entrenched wealth at the top, and less for the middle class and the poor.
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Google Bermuda Tax Haven Results in $2 Billion US Revenue Loss

The $9.8 billion moved to Bermuda is the equivalent of 80 percent of the company’s 2011 pretax profit.
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Occupy Homes Claims Abandoned House, Eyes South Minneapolis Foreclosure Free Zone

One year after their successful defense of Bobby Hull’s house in South Minneapolis, Occupy Homes Minnesota demonstrators have escalated the bet by launching a high-profile new campaign that they hope can solve two persistent problems with the same remedy: Moving the homeless and those who lost their homes through foreclosure into abandoned properties.
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Papa John’s, Darden Restaurants Suffering Reputation Damage, Stock Value Loss Following Anti-Obamacare Statements

In the lead up to and immediate aftermath of the November general election, corporate leaders from both Papa John’s and Darden Resturaunts threatened job losses and hour slashing should President Obama be re-elected to implement the Affordable Care Act. Now, those same companies appear to be paying the publicity price for their vengeful comments.
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MN Governor 'Very Likely' To Propose Tax Increase

Minnesota Governor Mark Dayton says he is "very likely" to propose an income tax increase on Minnesota's top 2 percent earners as part of a plan to cover a projected $1.1 billion deficit in the state's budget.
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America’s Real Religion Involves Price Tags

Although fundamentalist fanatics have been working for decades to turn the United States into a “Christian Nation,” they have not had much success along these lines. One reason for their failure is that religious minorities and non-believers have resisted. And another is probably that a large number of Americans want to preserve religious tolerance and avoid theocracy. But it might also reflect the fact that the United States is now firmly in the grip of a different religion: shopping.
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