Where is the Money Going?

1777 to 1792 of about 1799 News
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Public Thinks Bailouts Will Change Wall Street, CEOs Say No: Robert Reich

Robert Reich, Bill Clinton’s Secretary of Labor from 1993-1997, argues that Wall Street and Detroit have no intention of fundamentally altering their business strategies because they view the economic crisis as the low point in a cyclical downturn...   read more

Bush Saves the Free Market by Becoming a Protectionist: Patrick J. Buchanan

Patrick Buchanan, the political commentator who ran for the Republican presidential nomination in 1992 and 1996, argues about the necessity of a protectionist trade policy in the wake of the financial meltdown. Buchanan defends Bush’s Detroit bail...   read more

Regulator Helped IndyMac Bank Cheat

Darrel Dochow, West Region Director of the Office of Thrift Supervision, was removed from his post on December 22 after a review found he had permitted IndyMac Bank to count money it received in May on March’s balance sheet. This allowed IndyMac t...   read more

Are Your Finances Failing? Become a Bank

CIT Group, a New York-based lender specializing in making loans and providing insurance to middle market businesses, ran short on cash this year. If that happened to the average America family, they would be in big trouble. But CIT? Not to worry. ...   read more

Who’s Getting Trillions in Loans? It’s a Secret

The Federal Reserve has refused a request by Bloomberg News to reveal who has received more than $2 trillion in emergency loans and what the Fed has accepted as collateral. Of the total, $1.23 trillion has been doled out in the last three months. ...   read more

“Patriotic” Pro-Troop Group Pocketed the Big Bucks

Allison Barber, the chief of the American Forces Information Service, was in charge of the “America Supports You” program meant to show the public’s support for U.S. troops and their families. Instead, she funneled $8.8 million in contracts to the...   read more

Bailing Out the Banks (and Others) Has Cost the Average Family $1,900…So Far

The 5-member Congressional panel tasked with overseeing the $700 billion bailout has issued its first report. The Department of the Treasury has so far doled out $165 billion to 87 banks in exchange for stock and warrants. Treasury also gave AIG $...   read more

College: Slipping Away From the Poor and Middle Class

According to a report by the National Center for Public Policy and Higher Education, in the last 25 years the cost of a college education has gone up at triple the rate of family income. Increasingly, middle-class parents are going into debt to pu...   read more

10 Worst Corporations of the Year

Each year for the past 20 years, the Multinational Monitor has chosen the 10 worst corporations of the year. There have been some terrible ones before, but 2008 produced a bumper crop. They are: AIG, Cargill, Chevron, Chinese National Petroleum, C...   read more

Unemployment Rate Hits 14-Year High

While media headlines have been dominated by the fall of the stock market and the bailouts of large banks and other financial institutions, another more ominous economic statistic shows that the economic slowdown has hurt a larger group of America...   read more

Bailout: Americans Tricked Again

Less than three months before the 2006 elections, Americans learned of the arrests in England of alleged terrorists on the brink of staging a massive attack. It later turned out that there was no imminent attack, but in the meantime, Congress rush...   read more

Richest Candidates Won Elections

The 2008 election may lead to historic changes, but in one way, it was as old-fashioned as an election could be. In 93 percent of House of Representatives races and 94 percent of Senate races that had been decided by mid-day Nov. 5, the candidate ...   read more

Attorney General Mukasey Charges Personal Travel to Taxpayers

Mukasey has taken personal trips on government jets almost every weekend since he took office less than a year ago at a cost to taxpayers of more than $155,800. In February, Mukasey flew to Orlando, Fla., with his wife and four other relatives. He...   read more

$1,082-an-Inch Highway in Idaho

First proposed in 1953, the 2.1 mile Sand Creek Byway in North Idaho will cost $144 million.  It is partially funded by the U.S. Army Corps of Engineers.   Ground Broken on $144M N. Idaho Byway (by Zach Hagadone, Idaho Business Review)   read more

Lockheed and Dell Win Contracts Meant for Small Businesses

Federal agencies counted Lockheed Martin and its subsidiaries as "small" on 207 contracts worth $143 million. Dell Computer, a Fortune 500 company, was listed as a small business on $89 million in contracts.The Navy claimed that $60 million in wor...   read more

Wasting $350 Million for "Missile Defense"

“The contractors are making a killing,” Mr. Cantrell recalled thinking at the meeting, in 2000. “The lobbyists are getting their fees, and the contractors and lobbyists are writing out campaign checks to the politicians. Everybody is making money ...   read more
1777 to 1792 of about 1799 News
Prev 1 ... 110 111 112 113 Next

Where is the Money Going?

1777 to 1792 of about 1799 News
Prev 1 ... 110 111 112 113 Next

Public Thinks Bailouts Will Change Wall Street, CEOs Say No: Robert Reich

Robert Reich, Bill Clinton’s Secretary of Labor from 1993-1997, argues that Wall Street and Detroit have no intention of fundamentally altering their business strategies because they view the economic crisis as the low point in a cyclical downturn...   read more

Bush Saves the Free Market by Becoming a Protectionist: Patrick J. Buchanan

Patrick Buchanan, the political commentator who ran for the Republican presidential nomination in 1992 and 1996, argues about the necessity of a protectionist trade policy in the wake of the financial meltdown. Buchanan defends Bush’s Detroit bail...   read more

Regulator Helped IndyMac Bank Cheat

Darrel Dochow, West Region Director of the Office of Thrift Supervision, was removed from his post on December 22 after a review found he had permitted IndyMac Bank to count money it received in May on March’s balance sheet. This allowed IndyMac t...   read more

Are Your Finances Failing? Become a Bank

CIT Group, a New York-based lender specializing in making loans and providing insurance to middle market businesses, ran short on cash this year. If that happened to the average America family, they would be in big trouble. But CIT? Not to worry. ...   read more

Who’s Getting Trillions in Loans? It’s a Secret

The Federal Reserve has refused a request by Bloomberg News to reveal who has received more than $2 trillion in emergency loans and what the Fed has accepted as collateral. Of the total, $1.23 trillion has been doled out in the last three months. ...   read more

“Patriotic” Pro-Troop Group Pocketed the Big Bucks

Allison Barber, the chief of the American Forces Information Service, was in charge of the “America Supports You” program meant to show the public’s support for U.S. troops and their families. Instead, she funneled $8.8 million in contracts to the...   read more

Bailing Out the Banks (and Others) Has Cost the Average Family $1,900…So Far

The 5-member Congressional panel tasked with overseeing the $700 billion bailout has issued its first report. The Department of the Treasury has so far doled out $165 billion to 87 banks in exchange for stock and warrants. Treasury also gave AIG $...   read more

College: Slipping Away From the Poor and Middle Class

According to a report by the National Center for Public Policy and Higher Education, in the last 25 years the cost of a college education has gone up at triple the rate of family income. Increasingly, middle-class parents are going into debt to pu...   read more

10 Worst Corporations of the Year

Each year for the past 20 years, the Multinational Monitor has chosen the 10 worst corporations of the year. There have been some terrible ones before, but 2008 produced a bumper crop. They are: AIG, Cargill, Chevron, Chinese National Petroleum, C...   read more

Unemployment Rate Hits 14-Year High

While media headlines have been dominated by the fall of the stock market and the bailouts of large banks and other financial institutions, another more ominous economic statistic shows that the economic slowdown has hurt a larger group of America...   read more

Bailout: Americans Tricked Again

Less than three months before the 2006 elections, Americans learned of the arrests in England of alleged terrorists on the brink of staging a massive attack. It later turned out that there was no imminent attack, but in the meantime, Congress rush...   read more

Richest Candidates Won Elections

The 2008 election may lead to historic changes, but in one way, it was as old-fashioned as an election could be. In 93 percent of House of Representatives races and 94 percent of Senate races that had been decided by mid-day Nov. 5, the candidate ...   read more

Attorney General Mukasey Charges Personal Travel to Taxpayers

Mukasey has taken personal trips on government jets almost every weekend since he took office less than a year ago at a cost to taxpayers of more than $155,800. In February, Mukasey flew to Orlando, Fla., with his wife and four other relatives. He...   read more

$1,082-an-Inch Highway in Idaho

First proposed in 1953, the 2.1 mile Sand Creek Byway in North Idaho will cost $144 million.  It is partially funded by the U.S. Army Corps of Engineers.   Ground Broken on $144M N. Idaho Byway (by Zach Hagadone, Idaho Business Review)   read more

Lockheed and Dell Win Contracts Meant for Small Businesses

Federal agencies counted Lockheed Martin and its subsidiaries as "small" on 207 contracts worth $143 million. Dell Computer, a Fortune 500 company, was listed as a small business on $89 million in contracts.The Navy claimed that $60 million in wor...   read more

Wasting $350 Million for "Missile Defense"

“The contractors are making a killing,” Mr. Cantrell recalled thinking at the meeting, in 2000. “The lobbyists are getting their fees, and the contractors and lobbyists are writing out campaign checks to the politicians. Everybody is making money ...   read more
1777 to 1792 of about 1799 News
Prev 1 ... 110 111 112 113 Next