Wall Street

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks
Boeing’s most recent Securities and Exchange Commission filing has revealed that CEO Jim McNerney will be paid $3.9 million a year in pension benefits for each of the next 15 years. This revelation follows the announcement that he will retire on July 1st but will remain as chairman until February of 2016.
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Back to the No Future: Wealth Bottoms Out to 1986 Levels for 90% of Americans

Back to the No Future: Wealth Bottoms Out to 1986 Levels for 90% of Americans
Just in case you need a reminder of how lopsided the economy has become, a new paper from economists at the London School of Economics and the University of California at Berkeley shows the bottom 90 percent of American families are no wealthier than they were in 1986. While the top one percent have seen their share of wealth steadily grow, the vast majority of Americans are making due with less.
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Can Elizabeth Warren Let Hillary Clinton Run for President If She's This Unhappy with Obama's Wall St Policies?

Can Elizabeth Warren Let Hillary Clinton Run for President If She's This Unhappy with Obama's Wall St Policies?
When it comes to the core mechanics of the American economy and the inequality created by the financial markets, Senator Elizabeth Warren might be the average citizen's most powerful voice. In an interview with Salon, the Massachusetts Senator held no punches when giving her report on the President's approach to saving the economy.
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Mo’ (Dark) Money, Mo’ (Dark) Money, Mo’ (Dark) Money!

Mo’ (Dark) Money, Mo’ (Dark) Money, Mo’ (Dark) Money!
The embarrassing release of sensitive documents from the Republican Governors Association chronicles the ridiculous amounts of money they've been receiving from corporate benefactors since Citizens United allowed unlimited rivers of money to flow into American politics.
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America's Most Unequal County: Where the Top 5% Makes 88 Times What the Lowest 20% Does

America's Most Unequal County: Where the Top 5% Makes 88 Times What the Lowest 20% Does
The nation's most massive inequality can be located in one very expected New York City community. The numbers show that the top 5 percent of households in Manhattan earned 88 times as much as the poorest 20 percent.
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House GOP Pushing for Exemption, Corporate Gift for Data Transparency Haters

House GOP Pushing for Exemption, Corporate Gift for Data Transparency Haters
The House GOP is pushing for an exemption that would allow big corporations to forgo publishing financial information – a huge setback for advocates of open data and transparency.
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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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Elizabeth Warren Disses Eric Cantor's New Job: Selling Access to Wall Street

Elizabeth Warren Disses Eric Cantor's New Job: Selling Access to Wall Street
Elizabeth Warren laid into Eric Cantor for picking up a cozy Wall Street job directly after leaving (well, being ousted, really) office. He has no expertise, Warren said, other than access to politicians in Washington.
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Revealed: Wall Street's Plan for Global Financial Deregulation

Revealed: Wall Street's Plan for Global Financial Deregulation
WikiLeaks published a previously tightly-held and secretive draft of a trade document on Thursday that, if enacted, would give the world's financial powers an even more dominant position to control the global economy by avoiding regulations and public accountability.
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Sign of the Times: Unemployment Holding Steady is Now Good News

Sign of the Times: Unemployment Holding Steady is Now Good News
The US may have added jobs in may (an anemic 217K), but wasn't able to make a dent in the employment numbers, which have hovered at 6.3% and remain frustratingly static.
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