Duncan And Emmanuel Promote Education Dept's Summer Reading Initiative

Rahm Emanuel: A Symbol of Much of What Is Wrong with America

America’s is a sickness of the mind, the unwavering belief by people in power that free-market capitalism will somehow work for everyone. As with a virus that refuses to die, the effects are insidious, because the very rich have convinced themselves that they made it on their own, and that others have only themselves to blame if they are poor. …

traders-bloomberg-terminals

How Wall Street Used Swaps to Get Rich at the Expense of Cities

Yves here. This post by Ed Walker provides a detailed description of how badly municipalities have been fleeced when they bought interest rate swaps from Wall Street as part of financings. It isn’t simply that these borrowers were exploited, but that the degree of pilfering was so extreme that the financiers clearly knew they were dealing with rubes and took …

Rahm Emanuel

Rahm Emanuel, the Face of Democratic Fascism, Deserves to Lose

hicago’s mayoral election may look like a local event, and the media mostly cover it as a local event, but the presence of a large, diverse, and energized opposition demanding change on basic issues of fairness and justice gives the city’s local result a potentially important, totemic meaning for the country. The outcome of the April 7 runoff election, which includes 40% …