Economic Justice

Six Weeks of 'Inactivity' Enough for Banks to Seize a Person's Funds

Six Weeks of 'Inactivity' Enough for Banks to Seize a Person's Funds
It only takes six weeks without a deposit or withdrawal —accrued interest doesn't count — before the federal government and its fourth branch (the banks) can seize a person's funds. This is a practice that is unfairly targeting the elderly and children. At this point, is there any bullying from the banks that could be considered surprising?
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Why Wall Street Wants to Keep the Focus on Eliot Spitzer's Predilection for Prostitutes

 Why Wall Street Wants to Keep the Focus on Eliot Spitzer's Predilection for Prostitutes
Before Eliot Spitzer’s infamous resignation as governor of New York in March 2008, he was one of the fiercest champions against Wall Street corruption, in a state that had some of the toughest legislation for controlling the banks. It may not be a coincidence that the revelation of his indiscretions with a high-priced call girl came less than a month after he published an editorial admonishing predatory lending.
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US Banking Insurance: Only $6 in Reserves Per $10,000 in Deposits

US Banking Insurance: Only $6 in Reserves Per $10,000 in Deposits
Shifting the burden of a major bank collapse from the blameless taxpayer to the blameless depositor is another case of robbing Peter to pay Paul, while the real perpetrators carry on with their risky, speculative banking schemes. The only way to truly prevent risky derivatives from blowing up in the economy's face is to prevent the risks in the first place, through regulation or, gasp, even bank nationalization.
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Youth In Revolt: Can This Month's Graduates Combat Corporate America?

Youth In Revolt: Can This Month's Graduates Combat Corporate America?
More and more people are understanding that the government and the economy do not work for them, that we have to build a mass popular resistance that not only challenges what we oppose, but also builds an alternative economy and new systems of governance. But is it too late?
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Still Think We Don’t Need Affirmative Action?

Still Think We Don’t Need Affirmative Action?
With the imminence of yet another affirmative action decision by the Supreme Court, the oft-misunderstood and always-controversial law deserves a fresh examination of its merit and importance for all of America. Unfortunately, the balance that affirmative action aims to bring to the American workforce is needed now, perhaps more than ever.
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Flee City: Poor People Relocate to Suburbs

Flee City: Poor People Relocate to Suburbs
According to a new report, the number of low-income people living in suburbs increased 67-percent between 2000 and 2011, altering longstanding perceptions of a rising middle-class fleeing from cities to achieve the American Dream. It's now the poor who are being forced out by the cycle of gentrification to places where, more often than not, the safety nets aren't ready.
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Corporations Win When People Battle Each Other

Corporations Win When People Battle Each Other
As multinational corporations continue a global stranglehold on international tax laws, the focus of every day citizens and their warranted angst are increasingly focused inwards at the individual other rather than the companies that skirt their patriotic duty.
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OUR Walmart's 'Ride for Respect' to Descend on Walmart Shareholders' Meeting, June 7th

OUR Walmart's 'Ride for Respect' to Descend on Walmart Shareholders' Meeting, June 7th
“Ride for Respect,” the demonstration at Walmart corporate headquarters in Bentonville, Arkansas, will be modeled on civil rights volunteers who rode buses into the South in the 1960s to protest Jim Crow racial injustice.
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LA Occupy Group Briefly Shuts Down Wells Fargo Branch

LA Occupy Group Briefly Shuts Down Wells Fargo Branch
Upset with Wells Fargo’s foreclosure practices, protesters held a demonstration on May Day that briefly shut down one of the bank’s branches in downtown Los Angeles.
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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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