A year ago today, a group of people angry about economic inequality, corporate greed and financial injustice staged a protest …
Occupy Wall Street
No, President Obama Isn’t Against Capitalism — but He’s Not Defending It Loudly Enough
“I can’t think of another presidential candidate in history who has ever tried to win the presidency by running against capitalism.” So said Rush Limbaugh of President Obama last week. Asked for a response during a Fox News …
Occupy Wall Street Is Only Half Right About Credit Reform
Do we really want to take financial advice from a bunch of kids living in tents? Surprisingly, we just might.
Occupy the SEC: Moving From the Campsite to the Weeds of Regulatory Reform
The surest way to rankle a supporter of the Occupy Wall Street movement is to repeat the common claim that the movement has no defined goals, a criticism that has dogged the group since its inception. But last week an offshoot of …
Class Warfare: Study Shows Tensions at 20-Year High
Tensions in the U.S. between rich and poor are at a 20-year high, according to a new study from Pew Research. This conflict now tops the discord between blacks and whites, young and old, and immigrants and the native-born.
Will ‘Balance Transfer Day’ Get Americans to Ditch Their High-APR Credit Cards?
A new month, a new Facebook-led protest against big banks. Protesters have declared December 11 “Balance Transfer Day” in an effort to get Americans to ditch their high-interest credit cards for cards with lower rates or zero …
Occupy San Francisco Starts Its Own Credit Union
Occupy protesters as financiers? It’s strange but true: Some Occupy San Francisco members announced plans to create the People’s Reserve Credit Union. Are the occupiers ready to be bankers?
Lawsuit Alleges Couple Was Arrested for Trying to Close A Bank Account
Dissatisfied customers or unruly protesters? That is the question. After being arrested in the wake of a protest at a New York City Citibank branch in October, Heather Carpenter and Julio Jose Jiminez-Artunduaga are now suing the city for false arrest.
America’s Love-Hate Relationship with Wealth
I’ve been on the road for the past two months, mostly in Bolivia and Peru, where I was pretty off the grid and didn’t keep up with the news. So I arrived home to find a strange phenomenon: Protesters “occupying” Wall Street. And …
‘This Home is Occupied’: An Occupy Atlanta Protest Moves to a Foreclosed Home
Occupy Wall Street, an offshoot of which has roosted in almost every major U.S. city, generally sets up camp near the center of large metropolitan areas. Now it has occupied the front lawn of a small home in suburban Atlanta.
Bank Transfer Day, The Day After
Bank of America Not Charging a Debit Fee After All
After a month-long firestorm in reaction to its plans to charge most customers $5 a month to use their debit cards for purchases beginning next year, Bank of America just announced that it’s abandoning plans for the fee.
