Great opinion piece by former Chicago Stock Exchange executive and Wealth for Common Good member, Bill Barclay: We must reduce the role of finance so that it once again supports the real economy of goods and services, rather than playing [...]
A coalition of groups and supporters have launched a campaign to educate Americans about how a Financial Transaction Tax would work as well as their importance as a key revenue raising tool. Described as “small change for banks, big change for people,” not [...]
Nearly five years after the stock market imploded launching the Great Recession, the speculative activity that led to the market collapse has accelerated – pushed in part by a dramatic decline in trading costs. High-frequency trading, stocks held in some [...]
The UN released its new report on child poverty and the US doesn’t fare well: 2nd from the bottom, trailed only by Romania. How can this be? After all, we are the world’s wealthiest country. The report breaks out government [...]
Wealth for the Common Good has had a campaign to put some brakes on high frequency trading for quite some time. Though it’s not gotten a lot of attention lately, it is certainly one of the high risk, “Wall Street [...]
Bob Herbert makes the case for a Financial Transactions Tax to help discourage speculation in the market.