Economy

Money in Politics Fuels Student Loan Debt

Money in Politics Fuels Student Loan Debt
Wall Street has found another way to make money at the expense of our future: student loan debt. The amount of debt held by recent graduates increased an astonishing 20 percent from 2011 to 2013, reaching a total of more than $1.2 trillion.
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Sorry Conservatives, 'Put A Ring On It' Is Not An Anti-Poverty Program

Sorry Conservatives, 'Put A Ring On It' Is Not An Anti-Poverty Program
Conservatives say marriage is the “ultimate anti-poverty program,” and claim that most of our economic woes would vanish if more people got hitched. A new study suggests marriage barely makes a dent in poverty.
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Treasury Decision: 'Inversion' Tax Cheats May Finally Get Their Due

Treasury Decision: 'Inversion' Tax Cheats May Finally Get Their Due
The practice of "inversions," whereby a US corporation gobbles up a foreign entity than basically revokes its citizenship to avoid taxes, is getting some heavy scrutiny by Treasury Department head, Jack Lew. Lew will rule soon to diminish incentives that lead companies down the rosy tax cheat path.
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Profiting from America's Misery

Profiting from America's Misery
The profit motive fogs the thinking of free-market advocates. The Economist gushes, "Take a bow, capitalism...the biggest poverty-reduction measure of all is liberalising markets to let poor people get richer." Forbes proclaims its belief in "the unmatched power of capitalism to improve human life."
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Next Generation Works to Save Family Farms from Corporate Buyouts

Next Generation Works to Save Family Farms from Corporate Buyouts
Carol Ptak and her husband own Blacksmith Ranch, a small grass-fed Highland Cattle operation just outside of Rochester, Wash. The farm sits on more than 100 acres halfway between Seattle and Portland. Besides cattle, Carol and her husband raise quails, chukkaras, and pheasants.
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Defrauded Homeowners, Already Wronged Once, Could Carry Tax Burden BoA Won't Share

Defrauded Homeowners, Already Wronged Once, Could Carry Tax Burden BoA Won't Share
A loophole in the fines Bank of America are forced to pay out could have homeowners hit with a hefty tax burden – all while the bank that defrauded them gets to write off its criminal behavior.
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Federal Approval of Mega-Meat-Merger Harms Consumers

Federal Approval of Mega-Meat-Merger Harms Consumers
On Wednesday, the U.S. Justice Department approved the merger between Tyson Foods and Hillshire Brands, requiring an important divestiture, but nonetheless allowing one of the largest meat processing mergers in years.
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What Life Will Look Like When You Can’t Afford to Retire

What Life Will Look Like When You Can’t Afford to Retire
In a must-read article in the current issue of Harper’s magazine, journalist Jessica Bruder, adjunct professor at Columbia University Graduate School of Journalism, adds a new phrase to America’s vocabulary: “Elderly migrant worker.”
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Do Monarchs Pay Taxes? Burger King's Pursuit of Tim Hortons Seen as Tax Inversion Ploy.

Do Monarchs Pay Taxes? Burger King's Pursuit of Tim Hortons Seen as Tax Inversion Ploy.
Burger King is in talks to buy doughnut chain Tim Hortons and create a new holding company headquartered in Canada, a move that could shave its tax bill. Such an overseas shift, called a tax inversion, has become increasingly popular among U.S. companies and a hot political issue.
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AP
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Justice Hits BoA with Record-Breaking Fine, No Immunity from Criminal Prosecution

Justice Hits BoA with Record-Breaking Fine, No Immunity from Criminal Prosecution
Eric Holder's Justice Department has levied a near $17 billion dollar fine agains Bank of America for its shady dealings leading up to 2008's financial meltdown. At first blush, it looks like the punishment may have actual teeth, as BoA could still be liable for criminal prosecution.
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