Jamie Dimon Shows His Sense of Entitlement; He Is No Average American
JP Morgan CEO Jamie Dimon (salary: about $21 million annually) knows a lot about banking, but not much about how average people manage their finances, including a minimum wage teller who works for his bank. In this interesting video exchange, Dimon is dumbfounded when asked how
When Financial Advisors Lack Political Sense, Fire Them
A new survey from the Insured Retirement Institute (IRI) found that 55% of Baby Boomers had retirement savings today. In 2011, the study found that 75% of Boomers had retirement savings. Worse, among this current group, 50% have less than $250,000 in retirement accounts. Depressing surveys
Trump’s Capitalism Goes on Trial—Part 2
In a single week in March 2019, Americans were treated to an unprecedented college admission bribery scandal, the lenient sentencing of Trump’s campaign manager on tax evasion, and Republican plans to cut the pensions of thousands of federal employees, accompanied by proposed decreases in Medicare and Medicaid budgets. These
U.S Chamber of Commerce Sees National Political Mood Shifting—Asks Congress to “Govern from the Center”
In a dramatic departure from its past, the nation’s most reactionary, conservative and largest business lobbying group is responding to changes in Washington and calling on Congress to work together and “govern from the center.” In an NPR radio interview today, the chairman of the U.S.
Wall Street’s Shady Financial Activities Still Continue
Some of the biggest financial institutions and trading firms on Wall Street are incorrigible. A decade after the 2008 market crash, some of Wall Street’s largest trading firms continue to operate in the shadows, manipulate markets and re-write the rules of swaps payments when they have the
Dems Should Expect Vicious Attacks From Republican Forces
“I am running for president, but this won’t be easy. We’ll be taking on the entire financial establishment and a corporate media who have long dismissed us and our ideas as ‘radical’ and ‘fringe.’” –Bernie Sanders (Ind-VT) and Democratic Presidential Candidate Bernie Sanders is a clear, direct
Kamala Harris and Now Beto, Falter and Become Defenders of Capitalism
UPDATED, MARCH 14, 2019–In his announcement today saying he was entering the 2020 presidential race, Congressman Beto O’Rourke (D-Texas) dispelled his maverick image by saying he was a capitalist. In his announcement, O’Rourke, who has few legislative accomplishment to tout, said “”I’m a capitalist. I don’t
Embracing Change When New Ideas Can Remedy Old Problems
Concerns about the ability to lead a financially secure retirement remains a top priority for many Americans, according to a new survey by the American Institute of CPAs (AICPA). In their new Personal Financial Planning Trends Survey, 30% of the CPA planners who participated in the survey
Forget Trump’s Wall and Remember America’s Favorite Wars
Citizens who are getting very involved in the predictable debacle of the Trump administration should also be reminded that the U.S. is currently involved in at least four covert wars and more secret wars, perhaps in South America and the Middle East. Wars seem to be an essential
