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Wall Street

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The Power Elite in the Time of Trump
Introduction In the last few months, several competing political, economic and military sectors - linked to distinct ideological and ethnic groups - have clearly emerged at the centers of power. We can identify some of the key competing and interlocking directorates of the power elite: 1. Free marketers, with the ubiquitous presence of the ‘Israel... Read More
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Introduction Every day and throughout the world we read and hear of turmoil, of threats, violence, divisions, wars for peace and peace for wars, freedom as oppression and oppression as freedom. In a world where words have lost their meanings and meanings have no words, how do we go about understanding turmoil? Surely, economies rise... Read More
“The secret of great fortunes without apparent cause is a crime forgotten, for it was properly done.” H. Balzac Among the current crop of Wall Street financiers, Laurence “Larry” Fink has received the greatest number of awards and plaudits. He is the CEO and Chairman of Black Rock (BR), the world’s largest multinational investment management... Read More
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The Rise of “Criminal Capitalism”
Introduction: About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea. In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours. With the... Read More
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Introduction: A recent article by Jorge Elbaum, the former executive director of DAIA (Delegation for Argentine Jewish Associations), the principle Argentine Jewish umbrella groups, published in the Buenos Aires daily Pagina 12, provides a detailed account of the damaging linksbetween the State of Israel, US Wall Street speculators and local Argentine Zionists in government and... Read More
Introduction: American living standards are plunging and it’s not simply because they are paid less, work longer (or shorter hours) under highly stressful workplace conditions and pay a higher percentage of their income for health and pension coverage. The ‘workplace’ is only one of several locations where American working people are experiencing a sharp decline... Read More
On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J. P. Morgan, the largest bank made $6.1 billion in the second quarter up 32% over the year before and expects to make $25 billion in profits in 2013. Wells... Read More
While progressives and leftists write about the “crises of capitalism”, manufacturers, petroleum companies, bankers and most other major corporations on both sides of the Atlantic and Pacific coast are chuckling all the way to the bank. From the first quarter of this year, corporate profits have shot up between twenty to over a hundred percent,... Read More
Wall Street broker Bernard (‘Bernie’) Madoff, former president of NASDAQ, revered and respected investor confessed to pulling off the biggest fraud in history, a $50 billion dollar scam. Bernie was known for his generous philanthropy, especially to Zionist, Jewish and Israeli causes. An Introduction to the Mega-Swindle Wall Street broker Bernard (‘Bernie’) Madoff, former president... Read More
The ongoing collapse of the stock market and the loss of hundreds of billions of dollars managed by Wall Street investment banks illustrate the pitfalls and danger of free market capitalism facing the entire working population of the United States. Introduction 1.The near bankruptcy of Social Security The attempt by the White House and leading... Read More
Record profits and rising authoritarianism
No sector of the US economy, in recent years, can match the rate and size of profit which have accrued to the biggest financial institutions. Introduction For the first quarter of February 2006, Goldman Sachs (GS) broke Wall Street records by reporting new profits of $2.48 billion dollars (annualized at over $10 billion dollars). Earnings... Read More
James Petras
About James Petras

James Petras is a Bartle Professor (Emeritus) of Sociology at Binghamton University, New York.

He is the author of more than 62 books published in 29 languages, and over 600 articles in professional journals, including the American Sociological Review, British Journal of Sociology, Social Research, and Journal of Peasant Studies. He has published over 2000 articles in nonprofessional journals such as the New York Times, the Guardian, the Nation, Christian Science Monitor, Foreign Policy, New Left Review, Partisan Review, TempsModerne, Le Monde Diplomatique, and his commentary is widely carried on the internet.

His publishers have included Random House, John Wiley, Westview, Routledge, Macmillan, Verso, Zed Books and Pluto Books. He is winner of the Career of Distinguished Service Award from the American Sociological Association’s Marxist Sociology Section, the Robert Kenny Award for Best Book, 2002, and the Best Dissertation, Western Political Science Association in 1968. His most recent titles include Unmasking Globalization: Imperialism of the Twenty-First Century (2001); co-author The Dynamics of Social Change in Latin America (2000), System in Crisis (2003), co-author Social Movements and State Power (2003), co-author Empire With Imperialism (2005), co-author)Multinationals on Trial (2006).

He has a long history of commitment to social justice, working in particular with the Brazilian Landless Workers Movement for 11 years. In 1973-76 he was a member of the Bertrand Russell Tribunal on Repression in Latin America. He writes a monthly column for the Mexican newspaper, La Jornada, and previously, for the Spanish daily, El Mundo. He received his B.A. from Boston University and Ph.D. from the University of California at Berkeley.


PastClassics
The major media overlooked Communist spies and Madoff’s fraud. What are they missing today?
The “war hero” candidate buried information about POWs left behind in Vietnam.
What Was John McCain's True Wartime Record in Vietnam?
The evidence is clear — but often ignored