So, where’s political accountability for pension disasters?

So, where’s political accountability for pension disasters?

Five years after the financial crisis, there’s still a hue and cry about sending people to jail. After all, financiers were, at best, self-servingly optimistic about the future. At worst, they said things that weren’t true, and made promises they couldn’t keep. Investigations are still ongoing, and although it’s doubtful, maybe some big guys will […]

The new politics of budget compromise in Washington

The new politics of budget compromise in Washington

The muted market reaction to this week’s budget deal in Washington may initially seem like a disappointment. After all, uncertainty over government spending, debt and taxes has consistently emerged in business sentiment surveys as the biggest single factor holding back corporate investment and damaging financial confidence. Why then did Wall Street celebrate this breakthrough with […]

Dems to to push Obama nominees through filibuster-proof Senate

Dems to to push Obama nominees through filibuster-proof Senate

Democrats are ready to propel another one of President Barack Obama’s court picks through the Senate, now that outnumbered Republicans have less power to block the president’s nominees than they used to. The Democratic-led chamber planned Wednesday to consider Obama’s choice of Cornelia “Nina” Pillard to join the influential U.S. Court of Appeals for the […]

Pay gains for young women but inequality remains

Pay gains for young women but inequality remains

About 75 percent of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds, despite a narrowing pay gap and steady employment gains for women at higher levels of business and government. Those women remain as pessimistic as their mothers and grandmothers regarding gender equality […]

Web giants push for limits on government spying on Americans

Web giants push for limits on government spying on Americans

Eight U.S. web giants have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance. The companies — Google Inc, Microsoft Corp, Apple Inc, Facebook Inc, Twitter, LinkedIn Corp, Yahoo Inc and AOL Inc — issued an open letter to U.S. President Barack […]

Taking a new look at climate change

Taking a new look at climate change

The annual United Nations climate change talks, which concluded last month in Warsaw, unfortunately found little common ground on carbon. The talks broke down over the world’s richest nations’ inability to agree with the poorest on how to address the financial costs of global climate change. While disappointing, it’s not surprising. Developed countries like the […]

White House lied about President not meeting wayward uncle

White House lied about President not meeting wayward uncle

When the White House earlier claimed President Barack Obama had never met his Kenyan-born half uncle Onyango Obama, it lied. Now White House spokesman Jay Carney says the President not only met the uncle who faced deportation but actually lived with him for a while The 69-year-old, Kenyan-born half-brother of Obama’s estranged father was granted […]

Congrss “inching” towards deal on federal budget

Congrss “inching” towards deal on federal budget

Congressional budget negotiators are zeroing in on a modest deal to keep the federal government operating while easing the grip of the mandatory automatic spending cuts known as sequestration. With the clock ticking toward a Dec. 13 deadline to report to Congress, the bipartisan conference committee led by Rep. Paul Ryan, R-Wis., and Sen. Patty […]