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person > Yves Smith
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The aggressive hunt for Edward Snowden has destroyed US credibility overseas, writes author.
That the United States is centre-right and Obama must needs compromise on slashing the welfare state is a myth.
US government and banks reach a $25bn dollar settlement over fraud during the sub-prime mortgage fiasco.
The latest crackdown on fraud by the Obama administration may itself be a fraud.
The protests on Wall Street are growing larger, despite police using pepper spray and making arrests.
The president's new jobs initiative is too little, too late - and has little chance of congressional approval.
Powerful lobbies and partisan divisions cripple US political system - meaning it's business as usual for the financiers.
While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope.
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More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
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