Two Studies in Transparency... An Apology for JP Morgan Chase

JP Morgan Chase's trades were built around contracts tied to corporate bonds.

(SASKATCHEWAN) -Last week, a brace of headlines twitterpated the financial world.

One was out of romantic Italy, the other on the Street of Dreams, both dealing with the venerable bank/dealer/trader/broker with the curious amalgam of the oldest family escutcheon on Wall Street.

Comments

Tired of Wars and Spending: You`re About to Get More of Both

Tired of endless wars and endless spending on weapons systems; well vote the prostitutes out.

(JAMESTOWN, RI) -Your Congress is at work again bringing about the next war and spending more money on the military than the military wants.

Congress is inching its way to a war with Iran by passing resolutions written and put forth by the powerful pro-Israel lobby group, AIPAC.

Comments

13th Annual Bites for Rights to be held June 21st

BRO’s most delicious fundraiser of the year hopes to hit 100 spots across Oregon.

(PORTLAND, OR) -Restaurants, coffee shops, carts, bars and bakeries around the state will donate a generous percentage of their day’s proceeds to Basic Rights Oregon on June 21st.

“This is one of the most fun – and easy – fundraisers we have all year,” said Basic Rights Oregon’s development Director Juan Martinez.

Comments

Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds

While the settlement between five of the country's biggest banks did not require states to use the settlement money on programs related to the crisis.

(NEW YORK CITY) -A ProPublica analysis of the landmark mortgage settlement reveals states have diverted $974 million of the funds to pay down budget deficits or fund programs unrelated to the foreclosure crisis.

Paul Kiel and Cora Currier explain, "That’s nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement."

Comments

Evidence of Widespread Wage Theft

A growing body of research has begun to reveal that wage theft is a widespread problem in Oregon and the nation.

(SILVERTON, OR) -Wage theft is inherently challenging to quantify.

Wage theft occurs when employers pay workers less than the minimum wage, don’t pay time-and-a-half for overtime hours, cheat on the number of hours worked, steal tips or don’t pay workers at all.

Comments