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MIT economist: Wall Street created worst recession since WWII

MIT economics professor Simon Johnson said on MSNBC’s The Rachel Maddow Show on Wednesday night that Wall Street “blew itself up,” which lead to the “most severe recession since World War II.” The former chief economist of the International Monetary Fund added that the enormous economic damage was “a direct…

Romney pulls ad slamming Perry’s debate skills

Mitt Romney’s campaign released a new web video on Wednesday highlighting Rick Perry’s poor debate performance, only to pull the video offline later that day. The ad showed clips of Perry getting tongue-tied, rambling and stumbling over his words during the recent Republican presidential debates. The clips of Perry were…

Robert Reich: ‘Occupy Wall Street’ protest is already successful

Former U.S. labor secretary and University of California professor Robert Reich on Wednesday night said the ongoing “Occupy Wall Street” demonstration had already succeeded in changing the political discourse of the United States. “I actually had, for the first time in years, conversations with people who spontaneously began to talk…

Sen. DeMint takes aim at Planned Parenthood ‘robo-abortions’

Republican Senator Jim DeMint of South Carolina submitted an amendment to an appropriations bill on Tuesday to ensure that federal funding being invested in telemedicine services can not be used by reproductive health centers like Planned Parenthood. Planned Parenthood clinics in Iowa have tested a program that allows pregnant women…

Break-in prank lands French tourists in Texas jail

CHICAGO — Five drunken French tourists landed in a Texas jail Wednesday after breaking into a county courthouse in the middle of the night and sparking terrorism fears, officials said. Security footage showed the men wearing sombreros and playing around with a judge’s gavel before they were arrested by police,…

Former financial regulator notes four themes of ‘Occupy’ protests

William Black, a former financial regulator, appeared Wednesday on Democracy Now to discuss the ongoing “Occupy Wall Street” movement. He has participated in the “Occupy Kansas City” demonstration and is currently an associate professor of economics and law at the University of Missouri at Kansas City. Ever since protesters began…

Newark mayor kicks off national marriage equality campaign

Democratic Newark mayor Cory Booker on Wednesday kicked off a new video campaign by the Human Rights Campaign that seeks to raise support for same sex marriage across the nation. “I’m Mayor Cory Booker and I support marriage equality,” he says in the first video for Americans for Marriage Equality.…

‘Occupy Wall Street’ lends support to Sotheby’s protest

A group of “Occupy Wall Street” protesters on Tuesday marched to Sotheby’s locales in Manhattan to show their support for unionized art handlers who are locked in a three-months-long contract dispute with the auction house. Sotheby’s wants the workers to accept wage cuts, even though the company reportedly sold $3…

Without jobs plan, crime rates rising: Biden

WASHINGTON — US Vice President Joe Biden on Wednesday urged lawmakers to pass President Barack Obama’s jobs proposals, warning that crime rates have spiked as more and more police are laid off. “In Flint, Michigan, they cut their force in half, murder rates have doubled in the last year,” Biden…

U.S. stocks sink after Fed paints grim outlook

NEW YORK — US stocks fell sharply Wednesday after the Federal Reserve’s “Beige Book” portrayed a still-weak economy in September, as big losses from tech stars Apple and Amazon pulled the Nasdaq down more than 2.0 percent. Reports of ongoing discord over the coming comprehensive rescue plan for the eurozone…

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