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Wall Street's Democrats

Robert Reich Robert Reich
Carried interest allows hedge-fund and private-equity managers, as well as many venture capitalists and partners in real estate investment trusts, to treat their take of the profits as capital gains — taxed at maximum rate of 23.8 percent instead of the 39.6 percent maximum applied to ordinary income. So why didn’t Democrats close it when they ran Congress?

Tidbits - June 19, 2014

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Reader Comments - Iraq; Ruby Dee; Cecily McMillan and Wall Street; Ukraine; Detroit Shuts Off Water to Thousands; Working Families Party; Civil Rights Movement; Children's Literature and Diversity; Common Core; Testing; Support Philly Jewish school teachers; Gabriel Kolko; Hatriot Politics and Las Vegas Killers; Argentina and US Banks; The Presbyterian Church and Divestment; Net Neutrality; Historic Slave Cemetery Bulldozed In Houston; Freedom Summer 2014

Friday Nite Videos -- June 6, 2014

Portside
How Wall Street Skims Higher Education. Richard Pryor & Maya Angelou. Documentary: Citizen Koch. John Lee Hooker, Bonnie Raitt, "I'm In The Mood." John Oliver: Stop Cable Company F**kery.

How Wall Street Skims Higher Education

Wall Street skim is driving up the cost of college. Students are saddled with higher tuition and student debt. Taxpayers are covering risky loans and high interest rate for institutional borrowing. And for-profit colleges are overcharging students to drive profit.

Tidbits - May 29, 2014

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Reader Comments - Cecily McMillan; Prison Labor; William Worthy; Syria; Timothy Geithner and Wall Street's Bailout; College Debt; U.S. Subversion in Latin America; Venezuela; Announcements - This Weekend - Left Forum (May 30 - June 1) - Reform and/or Revolution: Imagining a World with Transformative Justice; Raising America's Pay - Launches June 4; Meet UnionWiki; Call for Papers - Fighting Inequality: Class, Race, and Power

Michael Lewis' 'Flash Boys'

Janet Maslin The New York Times
Lewis’s depicts the kind of high-frequency trading that can transmit stock market information from New York to Chicago and back in one-tenth of the blink of an eye and has divided the world of stock traders into the haves and have-nots, depending on what speeds they can afford.

Tidbits - March 27, 2014

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Reader Comments - Ukraine; Russia; Climate Change; Wall Street; Capitalism; Wanted: Populist Movement of the 99%; Angela Davis; Charter Schools; Government Spying, NSA; NCAA Racism; TPP Announcements - Left Labor Project - Election Strategy Discussion -New York -Apr 3; Need 100 Jewish voices in New York against anti-boycott bill; 2014 Moving Beyond Capitalism Conference; New resource - Politics and ideology in the American Historical Profession

Sins of the Fatcat

Andrew Cockburn Harper's Magazine
... most people are aware that Wall Street crashed the economy and rode out of town scot-free, collecting unimaginably huge bonuses along the way. But vagueness breeds passivity. Fortunately, we now have Bob Ivry’s Seven Sins of Wall Street as an indispensable guide for tracking down live villains and unburied bodies. By the time you reach the end, all the sheer fury anyone with the merest flutter of a moral pulse felt back in 2008/2009 wells up again, white hot.

Wolves

Jeff Danziger amuniversal.com
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