Bank of America to Pay $6.3 Billion to Settle Mortgage Securities Suit
Bank of America is paying $6.3 billion to settle a lawsuit arising out of troubled mortgage-backed securities it cobbled together...
by onepercenttakers · Published April 13, 2014 · Last modified September 7, 2014
Bank of America is paying $6.3 billion to settle a lawsuit arising out of troubled mortgage-backed securities it cobbled together...
by onepercenttakers · Published April 13, 2014 · Last modified September 7, 2014
Workers in California, Michigan and New York this week filed six new lawsuits against McDonald’s claiming they were systematically shorted...
by onepercenttakers · Published April 13, 2014 · Last modified September 7, 2014
If you take the king’s shilling, says the old saying, then you do the king’s bidding. So what happens when...
by onepercenttakers · Published April 13, 2014 · Last modified November 27, 2015
A new pair of reports suggests that the super rich are richer than we thought.
NEW YORK — McDonald’s Corp. more than tripled the pay packages last year for its new CEO Don Thompson and...
High pay may be understandable when a top executive turns around a failing company or vastly expands a company’s revenue...
by onepercenttakers · Published April 12, 2014 · Last modified November 27, 2015
A Delaware man convicted of raping his three-year-old daughter only faced probation after a state Superior Court judge ruled he...
by onepercenttakers · Published April 12, 2014 · Last modified September 7, 2014
WASHINGTON (AP) – Manufacturing giant Caterpillar Inc. has used an aggressive tax strategy to shift profits overseas in order to...
by onepercenttakers · Published April 12, 2014 · Last modified November 27, 2015
Casino billionaire Sheldon Adelson told a crowd at Yeshiva University in New York on Tuesday that the only proper negotiating...
The two biggest welfare queens in America today are Wal-Mart and McDonald’s.
Politics / Richest One Percent
by onepercenttakers · Published April 12, 2014 · Last modified November 27, 2015
Yes, there are “takers” in the American economy, but they’re not the poor folks Mitt Romney referenced in his now-infamous...
(Reuters) – JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them...
Politics / Richest One Percent
by onepercenttakers · Published April 11, 2014 · Last modified November 27, 2015
There’s just one element missing from these snapshots of America’s ostensibly spontaneous and leaderless populist uprising: the sugar daddies who...
You can blame the stagnant economy on a “handful of women and men” who run the country’s largest companies. And...
by onepercenttakers · Published April 11, 2014 · Last modified November 27, 2015
Does being super-wealthy make you extra susceptible to self-pity today? That’s the only conclusion we can draw from an epidemic...
Right-wing groups may have successfully defeated a unionization bid at Volkswagen’s Chattanooga, Tenn. manufacturing plant, but it wasn’t a clean...
Corporations / Lobbyists / Politics
by onepercenttakers · Published April 11, 2014 · Last modified September 7, 2014
A new chart released by Stop Fooling California reveals that the oil industry, including the Western States Petroleum Association, Chevron,...
CEOs / Inequality / Workers
by onepercenttakers · Published April 11, 2014 · Last modified September 7, 2014
Former Chief Executive Officer Ron Johnson, 54, of J.C. Penney Co. got a compensation package worth 1,795 times the average...
CEOs / Inequality / Workers
by onepercenttakers · Published April 11, 2014 · Last modified September 7, 2014
So-called fast food “managers” who do much of the same work as non-managerial workers, but without being eligible for overtime...
In the series “The Secret Life of a Food Stamp,” Marketplace reporter Krissy Clark traces how big-box stores make billions...
by onepercenttakers · Published April 11, 2014 · Last modified September 7, 2014
WASHINGTON, April 8 (Reuters) – Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from...
"Ronald Reagan's theory was really 'trickle down' economics...and renamed 'supply side.' Cut tax rates for the wealthy; everyone else will benefit. As Reagan's budget director David Stockman confided at the time, the supply-side rhetoric 'was always a Trojan horse to bring down the top rate.'" —The Gipper's Economy. To see how the Trickle Down Con was sold to the public click here.