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Latest Wall Street Items
Despite much fanfare at a summit last week, European leaders failed to convince global investors that they are on their way to solving their massive problems with debt and recession.
House Republicans have a not-so-secret weapon that could bring the National Labor Relations Board to a halt and block Democrats' Wall Street watchdog agency from getting started — and all it requires is just sitting around.
It still seems unthinkable to most Europeans, but a growing number of outside analysts and investors believe the eurozone is headed toward a breakup as fast-moving market turmoil and a looming recession threaten to overwhelm the slow-motion response of European leaders.
The long-running debt crisis in Europe intensified and broadened dramatically Monday as a top Wall Street credit agency warned Germany, France and a handful of other previously stable Northern European countries that they are in danger of losing their top ratings as they get drawn ever more deeply into the financial maelstrom.
Rep. Barney Frank of Massachusetts, a quick-witted and outspoken voice of the liberal House caucus for more three decades who helped write the most sweeping overhaul of the nation's financial systems since the Great Depression, announced Monday he wouldn't seek re-election next year.
A re Democrats about to buy a political pig in a poke? When it comes to the Oc- cupy Wall Street movement, some appear to be leaning that way. Aside from pro- found substantive differences with the conservative Tea Party, there also are ones entailing great political risk. When the Occupy Wall Street movement began recently, it must have seemed only fair to Democrats that a break finally was coming their way. Little has gone right for them since they seized Washington's big prizes in 2008. The economy remains poor, the federal deficit historically high, and their signature accomplishment, health care reform, remains unpopular. They suffered deep losses in the 2010 elections, and their candidate, who won with the largest popular-vote percentage of any Democrat since Lyndon B. Johnson in 1964, has approval ratings in the low 40s.
Are you listening, Van Jones? Precious few moments in America's story have offered an opportunity like the one we have before us to realign politics and bend the long arc of history toward liberty. Occupy Wall Street activists decry the bank bailouts just as Tea Partyers have since 2009. Fine. If the occupiers really mean it, they should join the fight to finally end not just bailouts to banks, but all forms of corporate welfare.
President Obama's shock troops are marching in the streets. Occupy Wall Street - a movement composed of communists, anarchists, socialists and anti-globalization student radicals - is spreading. Protests have swelled in cities including New York, Washington, Los Angeles, Chicago, Denver and Philadelphia. The protesters are gaining influence and numbers. A ragtag group of hippie students has turned into a potent political force.
Unions lent their muscle to the long-running protest against Wall Street and economic inequality Wednesday, fueling speculation about how long the camp-out in lower Manhattan — and related demonstrations around the country — will continue.