EcoJustice Radio discusses the Banking on Climate Chaos report, how banks are funding carbon-intensive fossil fuel projects and why they need to divest now.
Tag: big banks
The Big Short: A Culture Charmed by a Smiling Oligarchy
Guy Zimmerman, in reviewing the new Wall Street film The Big Short, muses on the desperate conformity required in today’s entertainment in this new Gilded Age of oligarchy and disempowerment that has overtaken culture in the U.S.
On Labor and Inequality: Reign of the One Percenters
In honor of Labor Day and the continuing inequality in the U.S. economic system, Christopher Ketcham’s essay was published a Occupy Wall Street was taking off in 2011. The problem continues: money given out in Wall Street bonuses in 2014 was twice the amount all minimum-wage workers earned combined.
Detroit Follows Cyprus: Make Pensioners Pay for Bankruptcy
Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the “bail-in” template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.