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U.S. Department of Justice Drops Stevens Case

NPR reports that U.S. Attorney General Eric Holder has decided to drop all corruption charges against former Alaskan senator Ted Stevens, despite already winning seven felony convictions. Stevens lost his reelection bid days after the conviction. He was appealing and maintains his innocence. Holder’s decision was based on internal mishandling of the prosecution by the…

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The Quiet Coup: The IMF View on How Wall Street Took Over America

The former chief economist of the International Monetary Fund offers a sweeping and articulate indictment of the US financial system. Simon Johnson argues that blaming favorite policies of the right or left misses the larger point: that the financial sector grew so large that oligarchs dictated policy to government, most of which passed without a…

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