Economics

The financial giant JPMorgan Chase will pay $2.6 billion to settle allegations it failed to disclose suspicions of fraud in what turned out to be a massive Ponzi scheme by Bernie Madoff. Senior executives at JPMorgan Chase had serious doubts…

Anyone reviewing the data is likely to conclude that there must be some mistake. It doesn’t seem possible that one out of twenty American families could each have made a million dollars since Obama became President, while the average American…

The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street…

Occupy London has been organising free tours around the main London landmarks that best represent the dehumanised system in which we live. Here we print the January programme, to inform and inspire. “Forget Jack the Ripper and the London Dungeons,…

Basis to support Ecuador in its fight against the transnational Chevron The U.S. multinational company Chevron has launched a campaign against Ecuador and those affected by the pollution caused by its operations in the Ecuadorian Amazon. Millions of dollars are…

The Argentinean economist Guillermo Sullings at the Deutsche Welle Global Media Forum in June this year, explained that “…it is clear that capitalism is approaching a dead end. That capitalism, which sometime ago appeared to reformulate its distributive equation encouraging…

Press release Over 50 civil society groups demand a paradigm shift in EU trade and investment policies *Transatlantic Trade and Investment Partnership Today, a European alliance of over 50 civil society organisations [1] will launch the Alternative Trade Mandate [2],…

Juan Gonzalez for Democracy Now! Speaking from Johannesburg, leading anti-apartheid activist and former South African Intelligence Minister Ronnie Kasrils discusses the evolution of the African National Congress’ economic views from its time as a liberation movement to leading South Africa…

Buying more stuff is associated with depression, anxiety and broken relationships. It is socially destructive and self-destructive George Monbiot for The Guardian, Monday 9 December 2013 Owning more doesn’t bring happiness: ‘the material pursuit of self-esteem reduces self-esteem.’ Photograph: Dominic…

By Amy Goodman & Denis Moynihan for Democracy Now! The holiday season is upon us. Sadly, the big retailers are Scrooges when it comes to paying their staffs. Undergirding the sale prices is an army of workers earning the minimum…