Economy

Barney Frank at news conference

Democrats Face a Terrible Reckoning on Bank Bailouts  Democrats Face a Terrible Reckoning on Bank Bailouts 

Barack Obama, Nancy Pelosi, Barney Frank, and a phalanx of senators are way too cozy with finance capital.

Mar 17, 2023 / Jeet Heer

Sir Francis Bacon

Just Because ChatBots Can’t Think Doesn’t Mean They Can’t Lie Just Because ChatBots Can’t Think Doesn’t Mean They Can’t Lie

Or that they haven’t already started to pollute Google searches. And if publishers win their lawsuit against the Internet Archive, verifying facts and quotes will get a lot harder.

Mar 17, 2023 / Maria Bustillos

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among banking experts, with some focusing on the weakness of US rules. (Photo by REBECCA NOBLE / AFP) (Photo by REBECCA NOBLE/AFP via Getty Images)

A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity

With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.

Mar 17, 2023 / Doug Henwood

Federal Reserve Chair Jerome Powell Testifies Before The Senate Banking Committee

The Latest Banking Crisis Is Brought to You by the Federal Reserve The Latest Banking Crisis Is Brought to You by the Federal Reserve

There’s a lot of blame to go around for the failure of the Silicon Valley Bank. But the Fed’s myopic attitude towards inflation bears much of the responsibility.

Mar 17, 2023 / Sasha Abramsky

Duke Graduate Students Union

To Keep Grad Students From Unionizing, Duke University Wants to Change the Rules To Keep Grad Students From Unionizing, Duke University Wants to Change the Rules

After the Duke Graduate Students Union filed for an election, the university announced that it would challenge the NLRB decision from 2016 that granted graduate workers across the ...

Mar 17, 2023 / StudentNation / Anita Simha

People outside Silicon Valley Bank with security guards allowing them in.

Silicon Valley Bank Didn’t Fund Black Lives Matter Silicon Valley Bank Didn’t Fund Black Lives Matter

The lies peddled by Fox News are getting more and more blatant.

Mar 16, 2023 / Joan Walsh

Why Is the Republican Party Suddenly Weakening Child Labor Laws?

Why Is the Republican Party Suddenly Weakening Child Labor Laws? Why Is the Republican Party Suddenly Weakening Child Labor Laws?

Rolling back restrictions on child labor and dismantling public education will make the country far more unequal. For today’s GOP, that’s a feature, not a bug.

Mar 16, 2023 / Jack Schneider and Jennifer C. Berkshire

Headshot of the writer and activist V.

To Build a Better World, We Have to First Imagine It To Build a Better World, We Have to First Imagine It

V (formerly Eve Esner), author of the Vagina Monologues, discusses bodily autonomy, dismantling the patriarchy, and the pursuit of a better world.

Mar 16, 2023 / Laura Flanders

Lawrence Summers

Why Is Larry Summers So Obsessed With Tech Bros? Why Is Larry Summers So Obsessed With Tech Bros?

The former Treasury secretary’s business partnerships may have influenced his early calls to bail out Silicon Valley Bank.

Mar 15, 2023 / Max Moran

Volunteers fill boxes at a food distribution center.

Everyone Has the Right to Food Everyone Has the Right to Food

For a country that projects itself as the richest in the world, hunger remains hidden by design.

Mar 15, 2023 / Beverly Gologorsky

x