Sunday, August 21, 2016

Why is recovery taking so long—and who’s to blame?

Why is recovery taking so long—and who’s to blame?: We are enduring one of the slowest economic recoveries in recent history, and the pace can be entirely explained by the fiscal austerity imposed by Republican members of Congress and also legislators and governors at the state level.

Tuesday, August 2, 2016

Building a Progressive International | Portside

Building a Progressive International | Portside

What we are experiencing today is the natural repercussion of the implosion of centrist politics, owing to a crisis of global capitalism in which a financial crash led to a Great Recession and then to today’s Great Deflation. The right is simply repeating its old trick of drawing upon the righteous anger and frustrated aspirations of the victims to advance its own repugnant agenda.

Yannis Varaoufakis,

Athens, Greece  

21st Century Glass-Steagall Act

In 1999, when Congress repealed core provisions of the Glass–Steagall Act, it provided an opportunity for traditional banks to engage in an array of high-risk activities. And that is exactly what they did—growing in size and adding activities to their portfolio that threaten our country’s financial security.

A 21st century Glass–Steagall—which has been introduced by Sen. Elizabeth Warren and has bipartisan support—would separate traditional banking activities such as savings and checking accounts from riskier financial services such as hedge fund and private equity activities, investment banking, and more.

Please stand with the EPI Policy Center and our partners in calling on Congress to pass Sen. Elizabeth Warren’s 21st Century Glass–Steagall Act and begin to rein in Wall Street’s greedy and reckless behavior.