Portside

The Federal Reserve's newest bank president, a Republican who served as a top Treasury Department official during the financial crisis, called for policy makers to consider breaking up big banks to prevent future government bailouts. His proposals also include: Turning large banks into public utilities; and taxing leverage throughout the financial system. Seven years after the crisis, it is now time to move forward and end TBTF.

All the news that's fit...well, it seems the NYT news story has been tailored to fit the editorial views of the paper. There are undoubtedly many left of center economists who have serious objections to the proposals Sanders has put forward, there are also many who have publicly indicated support for them. He has not given a fully worked out proposal for many of his ideas, nor is it reasonable to expect a fully worked out proposal from a candidate for the presidency.

Reader Comments: How Social Change Happens; Bernie, Hillary, Kissinger and Scalia; AFL-CIO Election Survey; DNC Lets Lobbyists Back In; Bernie as the Peace Candidate and Remembering 1972; Teaching - With Protest Music; Obama's Military Aid to Israel; Announcements - 50 Years After the Mississippi Summer Project; Slavery and the Making of American Capitalism; Labor for Bernie and Beyond - National Meeting;

From the crime bill to welfare reform, policies Bill Clinton enacted—and Hillary Clinton supported—decimated black America.

Black poverty is fundamentally distinct from white poverty—and so cannot be addressed without grappling with racism.

After a year of earthshaking victories and devastating setbacks, Europe's new progressive parties are slowly learning how to balance governance with activism.

Alan Mills, executive director of Uptown People's Law Center (UPLC), shares the stories of several women incarcerated at Logan Prison in Illinois who are members of the plaintiff class in UPLC's recently-settled case challenging the way people with mental illness are treated in Illinois prisons (Rasho v. Baldwin). This essay was originally posted on UPLC's blog.

For generations, the Extreme Right in India has sought to erase the Left. What is it about the Left that the Extreme Right fears? It fears that the Left has an alternative narrative of India’s history and of its possible future -- one rooted not in social exclusion and economic inequality, but in the very opposite of that.

While the US hasn’t publicly confirmed specifics – which are still being negotiated – an Israeli cabinet minister told Defense News that the Obama package would see US military aid jump to more than $40 billion over the 10-year period beginning in 2018, from the $30 billion in the program that began in 2008.

The Democratic Party rejected the New Deal and its stress on working-class Americans in favour of a technocratic elite – is it time for a political revolution?