Category: Blog
Liveblogging Simon Johnson and Robert Johnson at America’s Future Now!
8:40 Terrific question from Mary Bottari. Everyone says they believe in higher capital requirements– even bankers– but so far, all of the negotiations regarding new capital requirements are leading to very small adjustments, rather than significant changes. The higher a bank’s capital requirements, the less it can gamble with borrowed money, and the greater it’s […]
PM Update: Top Tweets From Day 1 Of #AFN10
Below are the top Twitter posts from Day One of the America’s Future Now! conference, compiled by Terrance Heath for our daily “PM Update” blog roundup email. You can follow and react to the conference action on Twitter by searching for the hashtag #afn10. @livlylife The future belongs to those who believe in their dreams […]
No Debating This: “Hope Is Not Enough”
The centerpiece of the first day of the America’s Future Now! conference was expected to be a debate between representatives of two camps within the progressive movement: those who are supporters of President Obama who say the movement needs to show him more support and those who are frustrated with President Obama and say the […]
Liveblogging in AFN: Financial Reform Panel Discussion
We’re here at AFN – the America’s Future Now conference – liveblogging a session called “Curbing Wall Street: Strategies Going Forward.” It’s a subject close to our heart. The panelists are Heather McGhee from Demos, Heather Booth from Americans for Financial Reform, George Goehl , investment advisor and Move Your Money visionary Robert Johnson, and […]
Bank Reform Bait and Switch
When the Senate bank reform legislation passed in May, Senate Majority Leader Harry Reid said it sent the message to Wall Street “no longer can you recklessly gamble away other people’s money.” The bill told Main Street “you no longer have to fear that your savings, your retirement or your home are at the mercy […]
Stocks Drop
Disappointing jobs report sends stocks tumbling, Stocks tumbled Friday after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis. Interest rates dropped as investors moved their money into the safety of Treasury bonds and notes.
New Jobless Data: Without Census, it’s 10 Percent Unemployment
The new unemployment data are out and the headlines are all wrong. The headlines report unemployment of 9.7 percent in May, down a tick from 9.9 percent in April. It’s good news but it misses the point. Nonfarm employment grew by 431,000 last month. That’s nice, but 411,000 of those new hires were temporary employees […]
Is Long-Term Unemployment America’s Future?
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Previewing Day 1 Of America’s Future Now: Arianna, Stern, Westen, Markos, Durbin, Jackson and The Great Debate
Monday begins the biggest progressive conference of the year: America’s Future Now! What’s in store for the thousands of progressives gathering in Washington, DC on Monday? At 11 AM, the conference kicks off with the “We Are The Change” opening plenary. Robert Borosage previewed his remarks today in a Politico oped, calling on progressives for […]