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Trump’s Financial Arsonists: The Next Financial Crisis -- Not If, But When

Nomi Prins Tom Dispatch
Written one week before the current Wall Street tumble, economist Nomi Prins writes: Watch out. Even in the seemingly best of times, neglecting Wall Street is a dangerous idea. With a rag-tag Trumpian crew of ex-bankers and Goldman Sachs alumni as the only watchdogs in town, it’s time to focus, because one thing is clear: Donald Trump’s economic team is in the process of making the financial system combustible again.

poetry

After All, the Market Runs on Greed

Nicholas Gordon Poemsforfree.com
After all, the New Jersey-based poet Nicholas Gordon writes, Washington and Wall Street move up and down on one principle--why be surprised? what did you expect?—Greed!

books

A Modern Greek Tragedy Foretold

Bennet Baumer The Indypendent
Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.

Trump’s Fateful Mistake on Consumer Financial Protection

Simon Johnson Project Syndicate
By seizing control of the Consumer Financial Protection Bureau and placing an ideological extremist in charge, US President Donald Trump has brought to the fore the deepest flaws in his administration’s founding myth. The gutting that now awaits the agency will visibly harm many of the ordinary people Trump promised to defend.

Problems of the Super-Rich

Lawrence Wittner Huffington Post
Based on recent economic developments, the super-rich don’t have much to complain about. Yet, the super-rich face the problem of how long people are going to tolerate a situation in which just eight men possess the same wealth as half the world’s population.

Equifax’s Maddening Unaccountability

Zeynep Tufekci New York Times
Last week, Americans woke up to news of yet another mass breach of their personal data. The consumer credit reporting agency Equifax revealed that as many as 143 million Americans’ Social Security numbers, dates of birth, names and addresses may have been stolen from its files — just the kind of information that allows for identity theft and other cybercrimes.

Tax Dodge: The Carried Interest Loophole

Why is Trump breaking his promise on carried interest? The White House is full of bankers and hedge fund managers who, over the last decade, have collectively dodged nearly $180 billion in taxes!

labor

America’s Construction Carnage

Sam Pizzigati Other Words
In 2014, the last year with full statistics, 899 construction workers nationwide died from workplace injuries. The reason: loss of union strength and decline in OSHA funding. President Trump's anti-union and anti-federal spending polices promise to only make the situation worse.

Friday Nite Videos -- September 30, 2016

Portside
Elizabeth Warren Rips Wells Fargo's CEO A New One. Michael Franti | Good to Be Alive Today. Why Doesn't Time Flow Backwards? 13th | Documentary.
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