Although he passed away in 2006, states are now grappling with many of the toxic notions left behind by University of Chicago economist Milton Friedman.

In her groundbreaking book, The Shock Doctrine, Naomi Klein coined the term "disaster...

As the economy continues to sputter and new unemployment claims surge to an eight month high, it hasn't escaped the notice of people on Main Street that the folks on Wall Street are back in the black.

According to Fortune magazine, profits of the 500 largest U.S. corporations...

Many voters went to sleep in Wisconsin and thought they woke up in Florida on Friday after a "Republican activist" county clerk announced that she discovered an extra 14,315 votes in a hotly contested Supreme Court race. Not surprisingly, the votes went to the conservative candidate giving incumbent...

While Wisconsin Congressman Paul Ryan prepares to shut down the federal government to prove that government is bad, analysts say the radical agenda of Wisconsin Governor Scott Walker suffered a major set back today as his good friend incumbent Justice David Prosser was defeated for Wisconsin Supreme...

Wisconsin continues to spin out of control and a constitutional crisis looms as a judge this week again ordered Walker's administration to halt implementation of his bill stripping Wisconsin public workers of collective bargaining rights. Walker's team moved to...

The reign of lawlessness continues in Wisconsin.

Last week, a local court issued a temporary restraining order blocking the implementation of Governor Scott Walker's radical proposal to do away with most collective bargaining rights for public workers and cripple labor's ability to collect union dues. The court...

On the day that the bill passed the Wisconsin Assembly effectively ending 50 years of collective bargaining in Wisconsin and eviscerating the ability of public unions to raise money through dues, a new front opened in the battle for the future of Wisconsin families.

Bagpipes blaring, hundreds of firefighters

The Wisconsin State Capitol has erupted in a torrent of lawlessness this week that schoolchildren will be reading about for years. No, I don't mean rowdy protests resulting in mass arrests. Even though some 300,000 people have visited the capitol in the last two weeks, the crowds have been peaceful...

Madison, Wisconsin -- It's midnight Monday. A quiet snow is falling outside the Wisconsin State Capitol, and clean-cut fire fighters are rolling out their sleeping bags and getting ready to sleep on hard marble floors with students who looked a bit shaggy after five nights of the same. Since Tuesday,...

Earnings and bonus reports are rolling in and the big, bailed-out banks are back in the black. In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion -- up almost six percent from 2009 according to the

Rumor has it that the 50-state attorneys general investigation into the Fraudclosure scandal is wrapping up. It's time for a backbone check. Will the state attorneys general just ask the big banks and service providers to turn over a chunk of change from seemingly bottomless pockets? (This strategy was pursued...

In a response to the Financial Crisis Inquiry Commission releasing its final report on the financial crisis today, the U.S. Chamber of Commerce pitched a hissy fit calling the report an "abuse of the process" that would create "job-killing lawsuits." (So much for the new tone in Washington.)

Two years after a catastrophic financial collapse and six months after the passage of a Wall Street reform bill, astonishing tales of volatility in the market are all too common. If you think inexplicable flash crashes are worrisome, brace yourself for the next big financial "innovation" -- Twitter Trading.

Wall...

WikiLeaks founder Julian Assange is promising to unleash a cache of secret documents from the hard drive of a U.S. megabank executive. In 2009, he told Computer World that the bank was Bank of America (BofA). In 2010, he told Forbes that the information was significant enough to...

With a $4.7 trillion bailout under their belts and no harm done to their billion-dollar bonuses, don't expect Wall Street bankers to be chastened by the 2008 financial crisis. Below we list eight things to watch out for in 2011 that threaten to rock the financial system and...

Are you one of the lucky ones? Have a good job, live in a nice neighborhood, enjoy your cozy home? Think foreclosure only impacts the reckless or the unemployed?

Think again.

George Mahoney worked and saved and built his cozy, colonial-style home in Lynnfield, Massachusetts, in 1981. There,...

Last week, the Federal Reserve was finally forced by law to release some (not all) of the details of its back-door bailout of the global financial system. The Fed data focuses on the emergency lending programs initiated in 2007/2008, but it also includes data for the Fed’s more recent purchases...

Thanks to tremendous public pressure and the recently passed Wall Street reform bill, the U.S. Federal Reserve was forced to reveal the details of its emergency bailout of the financial sector for the first time yesterday. From a quick review of the data now available on the Federal...

The Center for Media and democracy tracks corporate spin and government propaganda. These are our candidates for the most misleading campaign ads of 2010, what are yours?

Big Lie #1: Health Care Reform Guts Medicare

In a nationally coordinated effort, Republicans and pro-Republican groups

Job cuts sometimes have a way of sneaking up on you -- a few teachers here, a police officer there and a fire department that may not be open when you need them. In some areas it is a slow bleed, but as every EMT knows, a thousand small cuts...