Rep. Keith Ellison Pushes Bill to Cut into Big Banks’ Profits and Share the Prosperity
Washington, D.C. – With endorsements up and down Main Street, as well as from international HIV/AIDS and climate change activists, The Inclusive Prosperity Act (H.R. 1579), a financial transaction tax sponsored by Rep. Keith Ellison (D-MN), was unveiled today at a Capitol Hill press conference. Ellison’s bill would create a Wall Street sales tax, providing [...]
Michigan Gov. Appoints Kevyn Orr as Detroit’s Emergency Financial Manager
The governor of Michigan decided that the elected leadership of Detroit didn’t know how to manage the city’s financial crisis and chose to appoint an emergency financial manager. And although that has been common knowledge for quite some time, what wasn’t apparent was who Gov. Snyder was going to appoint to the position. On Thursday [...]
Grim Milestone: Soldier Suicides Outnumber Combat Deaths in 2012
We’ve grown accustomed to accepting the deaths of soldiers who lost their lives in combat, but few people are ready to face the grim truth that soldier suicides have now outpaced combat deaths. Data released by the Department of the Army shows that through November, there have been 303 active-duty, Reserve and National Guard soldiers committed [...]
Rep. Greg Meeks Gets Some Trouble Over a Loan from a Real Estate Broker
An ethics panel gave Rep. Greg Meeks out of New York a bit of trouble for an ill-advised loan he received from a real estate broker. According to the panel, Meeks failed to report the transaction, which led to the inquiry. But fear not, it appears that Meeks isn’t going to get any problems from [...]
October Surprise: Is Trump Preparing to Release Michelle Obama’s Divorce Papers? [UPDATE]
![October Surprise: Is Trump Preparing to Release Michelle Obama’s Divorce Papers? [UPDATE]](http://www.kulturekritic.com/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.kulturekritic.com%2Fwp-content%2Fuploads%2F2012%2F10%2F24%2FMichelle-and-Barack.jpg&q=90&w=160&h=106&zc=1 "October Surprise: Is Trump Preparing to Release Michelle Obama’s Divorce Papers? [UPDATE]")
Kulture Krtic reported Monday on Donald Trump’s promise to release dirt on President Obama. Donald Trump, rabid birther and bad toupee collector, said on Monday’s episode of ‘Fox & Friends’ that he has “very big” news about Obama which he plans to release before Wednesday. “Something very, very big concerning the president of the United States,” [...]
Private Prison Management Company Seeks Guaranteed 90% Occupancy From States
A $250 million proposal from private prison management company, Corrections Corporation of America, is asking 48 states to guarantee the corporation a 90% occupancy rate for at least 20 years. The proposal comes as states are struggling to reduce bloated prison populations and tight budgets. State officials argue the program could pressure criminal justice officials to seek [...]
How Broke is Detroit? There’s Now a 4 Hour Wait For Police Calls
Detroit has been one of the cities hit hardest by the financial crisis, teetering on the edge of financial disaster for months now, but this takes the cake. Fox 2′s Charlie LeDuff decided to try an experiment to determine how long it takes Detroit Police to respond to a call. The investigation began with a [...]
Barney Frank, First Openly Gay Congressman, Gets Married
Barney Frank, the first openly gay congressman, tied the knot with his partner, James Ready, on Saturday evening. This marriage makes Frank the first sitting congressman in a same-s*x marriage. Massachusetts Governor Deval Patrick officiated the wedding between 72-year-old Frank and 42-year-old Ready in a private ceremony in front of 300 of their friends and [...]
Zimmerman’s Attorney Tries to Seal Statements From Ex-Girlfriend Who Says Zimmerman Has “Racist Ideologies”
George Zimmerman is back in court today for a new bond hearing. Zimmerman’s team has already called a ”forensic financial specialist”, Adam Magill, to the stand to testify about an evaluation he performed of Zimmerman’s finances. He testified that Zimmerman collected a little over $205,000 minus fees, with much of the money being handed over to the [...]
Are Hidden Bank Fees Ripping You Off?
A lack of transparency and disclosure around bank fees has created prohibitive barriers that keep many people from fully taking advantage of banks. As Wharton management professor Keith Weigelt points out, “Many people do not like banks because they are tired of being charged fees that were explained in small print that no one reads. They [...]
January 26, 2013No CommentRead More