The ever-widening LIBOR scandal now engulfs one major bank, Barclays, threatens to implicate other banks, and perhaps even the British government itself.
"It is the largest rigging of prices in the history of the world by many orders of magnitude," says Professor of Economics and former bank regulator Bill Black
Last night, Rachel Maddow had FairVote.org chair and Nirvana bassist, Krist Novoselic on her show to discuss putting the power of elections back in the hands of voters. It's an interesting interview and touches on the problematic two-party system.
Click through the photo to view the 5 minute interview and learn more about what FairVote is advocating.
A new Field Poll out today shows President Obama with a considerable lead over Republican challenger Mitt Romney. The Sacramento Bee's Torey Van Oot has the details, including this interesting statistic:
As today's weak jobs report was released, Gallup has come out with its latest poll, which shows just 31% of Americans approve of President Obama's handling of the economy.
The following is an interview with Drew Langdon, an activist in the cooperative movement in New York as well as a Green Party candidate for the New York State Representative race.
AJ: Could you please give us your background in politics and activism?
The Bureau of Labor Statistics for the June jobs report paints a grim picture for the economy, with just 80,000 jobs added and a stagnant unemployment rate of 8.2%.
Kathy Bostjancic, director of macroeconomic analysis for the Conference Board commented on the economic situation:
In the latest Mitt Romney health care flip-flop, here's a video picking up steam online that has the presidential hopeful discussing the similarities and differences between his plan in Massachusetts and Obama's plan in the ACA.
His praising of the similarities and distaste for the differences doesn't sound like the full repeal promise and state waivers Mitt is featuring on his campaign website.
