Posted in Banks Economy News Poverty

As economic suffering grips regular Americans, Wall Street behemoths ready feast of stock buybacks

“We’re going to be aggressively buying back, and consistently,” said Morgan Stanley chief executive James Gorman. by Andrea Germanos, staff writer Friday, January 22, 2021 For millions of regular Americans, the end of 2020 was marked…

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Biden mandates masks on federal property

Cronkite News   Almost half of the 24 executive orders President Joe Biden signed in his first two days in office dealt with COVID-19, which White House officials say shows it their top priority. But even…

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Posted in Coronavirus Restart 2021

As Romney says Covid relief bill ‘not well-timed,’ Biden urged to abandon GOP outreach, move swiftly on relief package

“A Republican minority shouldn’t be allowed to hold the nation’s economic recovery and public health hostage.” by Jake Johnson, staff writer Thursday, January 21 With Covid-19 killing thousands of people each day in the U.S. and…

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Posted in Analysis Restart 2021

Biden Inaugural confronts the Jan. 6 riot head-on, calls for an end to “this uncivil war”

    It’s become a ProPublica tradition for our president, Richard Tofel, who wrote a book on President Kennedy’s inaugural address, to offer an instant analysis of suchspeeches. Here are his thoughts for today. If President Joe…

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Posted in Analysis Coronavirus Evictions

Report shows corporate landlords received public funding yet still kicked out tenants

In Arizona ‘Subsidizing the Spread of Covid’ “Giving ‘Covid relief’ to those most likely to evict is like giving money to stop climate change to oil barons—it makes the problem worse.” by Kenny Stancil, staff writer…

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Posted in Economy News Restart 2021

Yellen bolsters demand for Biden to enact bold FDR-style agenda,

‘Smartest Thing We Can Do Is Act Big’ “Instead of feel-good talk of unification,” said journalist John Nichols, “FDR called out the Wall Street speculators, the bankers, and their conservative apologists.” by Kenny Stancil, staff writer…

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Posted in Analysis Banks

The SEC Undermined a Powerful Weapon Against White-Collar Crime

Now the lawyer who wrote the rules that gave Wall Street insiders a big financial incentive to report crimes to the SEC is suing the government for changing them. by Lydia DePillis Thursday, January 14, 2021…

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Posted in Arizona Child Welfare News Safety Net

Report: ‘Child care deserts’ hit poor, rural Arizona families hardest

By Olivia Munson  Cronkite News Friday, January 8, 2021 Washington, DC     Arizona has 304,180 infants and toddlers who need child care but only 234,270 slots to accommodate them, with poor and rural families most likely…

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Posted in Economy News Restart 2021

Sanders says ‘First order of business’ for Biden, new Democratic Congress must be Covid bill with $2,000 checks

The Vermont senator said Democrats have to be “bold in a way that we have not seen since FDR in the 1930s.” by Jake Johnson, staff writer Friday, January 8, 2021 Sen. Bernie Sanders late Thursday…

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Posted in Banks Debt Investigations

A lender sued thousands of lower-income Latinos during the pandemic. Now it wants to be a National Bank.

Oportun, which lends in only a dozen states, applied for a bank charter late last year. Consumer and Latino civil rights groups are pushing back, citing the findings of a joint investigation by ProPublica and The…

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Posted in 2020 US Senate Campaign Analysis Restart 2021 Safety Net

Progressive push for $2,000 checks in Georgia shows bold, universal policies winning strategy for Democrats

“In almost every respect, the campaigns that Warnock and Ossoff ran were closer to what progressives counseled than what moderates have counseled.” by Julia Conley, staff writer Wednesday, January 6, 2021 Rev. Raphael Warnock’s electoral victory…

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COVID-19 and the resulting border closures have had a devastating impact on the economy of Nogales, Arizona.

by Delaney White, Cronkite News December 14, 2020 COVID-19 and border closures have had a devastating impact on the economy in Nogales, Arizona. (Video by Delaney White, 3:48) This story produced by Cronkite News on December 14,…

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Posted in Analysis Minimum wage

New Year, higher minimum wages in 24 states and 50 municipalities thanks to fight for $15

‘Raises From Coast to Coast in 2021’ “These increases are a testament to the power of workers coming together and fighting for what real people and families need.” by Kenny Stancil, staff writer Thursday, December 31,…

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Posted in News Restart 2021

Sanders urges Americans to call their senators and demand vote on $2,000 checks

‘A Matter of Life and Death’ “We need $2,000 stimulus checks, not $740,000,000,000 for the Pentagon and private ‘defense’ contractors,” said advocacy group CodePink. by Jake Johnson, staff writer Wednesday, December 30, 2020 Sen. Bernie Sanders…

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Posted in News Restart 2021

McConnell condemned for pushing poison pills in bid to tank $2,000 checks

‘Cynical Gambit’ “Senate Republicans are going to try every conceivable way to try to kill the $2,000 checks.” by Jake Johnson, staff writer Wednesday, December 30, 2020 Shortly after blocking efforts by Sen. Bernie Sanders and…

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Posted in Columns Labor Wade Rathke

The continued call to organize the South

by Wade Rathke December 26, 2020 Pearl River   Ben Speight is a seasoned labor organizer based in Atlanta. I’ve known him for a while, initially as an organizer with the Teamsters locals there. More recently…

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Posted in Economy News Restart 2021

Sanders vows to filibuster military budget to force Senate vote on $2,000 checks

‘This Is No Bluff’ “It would be unconscionable, especially after the House did the right thing, for the Senate to simply leave Washington without voting on this.” by Jake Johnson, staff writer Tuesday, December 29, 2020…

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Posted in News Restart 2021

With relief bill signed, Sanders says: Trump get ‘McConnell and his Republican friends’ to stop blocking $2,000 checks

“The House must pass this legislation tomorrow and the Senate must quickly follow suit. Let’s get this done—NOW!” by Jake Johnson, staff writer Monday, December 28, 2020 After President Donald Trump belatedly signed a $900 billion…

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Posted in Evictions News Unemployment

Sanders slams Trump’s intransigence as millions lose unemployment lifeline

‘Unbelievably Cruel’ “People are losing their extended unemployment benefits,” said the senator from Vermont. “They’re going to be evicted from their apartments because the eviction moratorium is ending.” by Brett Wilkins, staff writer Sunday, December 27,…

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Posted in Analysis Bailout 2020

Trump golfs, tweets election lies as 14 million set to lose unemployment benefits just after Christmas

“The ability of millions of Americans to pay rent and buy groceries hangs in the balance, and Donald Trump spent the day golfing.” by Jake Johnson, staff writer Sunday, December 27, 2020 After threatening to blow…

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Posted in News Restart 2021

GOP blocks $2,000 direct payments for struggling Americans

“The House GOP is spending this holiday season trying to block $2,000 survival payments for families struggling to keep food on the table.” by Jake Johnson, staff writer Thursday, December 24, 2020 On Thursday morning the…

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Posted in Green Jobs Green New Deal Labor News

Climate groups call on Biden to nominate Andy Levin as Labor Secretary

“He has a long record of fighting for working people, and understands the climate imperative but knows the transition won’t happen without proper buy-in and support.” by Julia Conley, staff writer Wednesday, December 23, 2020 Highlighting…

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Posted in News Restart 2021

McConnell and McCarthy under fire for obstructing $2,000 relief checks

‘Move, Mitch, Get Out the Way’ “If you don’t see that in your bank account, you have Mitch McConnell to thank.” by Jake Johnson, staff writer Wednesday, December 23, 2020 With President Donald Trump and the…

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Posted in News Politics Restart 2021

Georgia Democrats Ossoff and Warnock embrace push for $2,000 stimulus checks as runoff nears

“We need additional, substantial direct Covid relief and the only way we’ll get it is by winning these two Senate races in Georgia.” by Kenny Stancil, staff writer Wednesday, December 23, 2020 Democratic Senate candidates Jon…

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