In a frenzied bid for higher profits in the decade following the 2008 financial crisis, Wall Street pension fund managers have siphoned as much as $624 billion from Americans’ retirement savings—and, as a direct result, taxpayer coffers—through a vicious combination of high fees and foolish investment strategies, according to an analysis published Thursday by Yahoo […]
After a lengthy government career defined by his central role in bailing out predatory Wall Street banks as former President Barack Obama’s Treasury Secretary, Timothy Geithner appears to have found his true calling in the private sector, where he now heads a large financial institution that exploits the economic struggles of poor Americans for profit. […]
In a development celebrated by Washington D.C. ethics watchdogs, Republican Rep. Chris Collins (N.Y.)—President Donald Trump’s first congressional supporter—on Wednesday was arrested by the FBI and indicted on insider trading charges for actions that may have taken place while he was on the White House lawn. Noting that ethics groups have called for investigations into […]
Michigan voters will see the state’s first all-female ticket in November after women won primary elections in two key races on Tuesday. Gretchen Whitmer, a former state House minority leader, secured the Democratic nomination for governor and will face Attorney General Bill Schuette (R) in the race to replace term-limited Gov. Rick Snyder (R). ADVERTISEMENT Whitmer solidly […]
The Democratic Congressional Campaign Committee (DCCC) will invest money in resources in an open-seat South Carolina race that they believe has become increasingly competitive. The DCCC on Thursday announced it added Democratic nominee Joe Cunningham to its “Red to Blue” program, which provides fundraising and organizational support to designated candidates. Cunningham, an ocean engineer, faces […]
Rhode Island Gov. Gina Raimondo (D) beat back an aggressive primary challenge on Wednesday from former Secretary of State Matt Brown, positioning her for a second term in office. She won with 56 percent of the vote with 91 percent of precincts reporting, the Associated Press projected. Raimondo’s triumph over progressive Brown came just a week after […]
At a press briefing on Wednesday, the White House offered a defense of President Donald Trump’s implicit endorsement of anti-press vitriol that was on display at his rally in Tampa, Florida the previous evening, when several Trump supporters heckled CNN reporter Jim Acosta. When asked whether or not it is wrong for the president’s “most […]
As Nebraska prepares to complete its first state-sanctioned execution in two decades, human rights groups are condemning the death penalty and denouncing officials for operating under a “cloak of secrecy” in obtaining the drugs that will be used to kill Carey Dean Moore—substances that have caused tens of thousands of accidental deaths across the U.S. […]
After Verizon “dramatically” slowed the internet service of firefighters battling the largest wildfire in California’s history earlier this summer, the statewide union for firefighters is urging California lawmakers to support a bill that advocates call the “gold standard” of state-level net neutrality legislation. “Whether it’s real-time medical response information or connecting the vast expanse of […]
According to the Huffington Post, former Democratic state Senate Leader Kevin de León, who is now challenging Senator Dianne Feinstein in California for her U.S. Senate seat, is spending election funds to spread his new campaign video online. But it’s possible that’s not necessary, given how striking and powerful it might prove once more people […]