Energy shares were "having a really good day," one trader said.
ANADOLU AGENCY VIA GETTY IMAGES
Anthony Scaramucci, the new communications director of President Donald Trump's White House, once went head-to-head with President Barack Obama during a televised event on CNBC. And it didn't go well...
But the mayor says she's "staying put."
Qvasimodo via Getty Images
As the CPC strategizes for a new party leader, some right-minded pundits of market fundamentalism are touting the inexperienced political outsider as a serious contender for party leader. That imprudent direction may well prove to widen the chasm between the CPC and wiser-than-previously-anticipated average Canadian voters.
Lucy Nicholson / Reuters
When Victor Chiu first called me from Vancouver with his idea, it was pretty radical.
Oksana_Alex via Getty Images
Here's a thought, Bernie. You could decide you're forming a new party: The Progressive Party, say. Millions of donations would carry you, millions of independents would cheer and vote for you. Progressives would run for Congress. The U.S. political culture would finally gain a progressive flag to wave -- for a long time into the future.
Bloomberg via Getty Images
Entitled individuals can bob and weave their way through life deftly in large part because those of us around them allow it to happen. We enable that action. We are all guilty of enabling in one form or another -- however, small or large that enablement.
West Rock via Getty Images
The Toronto Stock Exchange was solidly higher Wednesday.
Where once we took pride in turning out engineers, architects, doctors, accountants and lawyers who built bridges, buildings and companies and helped better and even save lives, now we venerate those whose single pursuit is great wealth. It's hard to see what purpose Wall Street quants and click-driven Web virologists serve except to further the notion that all that matters is money.
The upcoming Winnipeg General Strike centenary should serve as a rallying point for further action. It's time that economically disenfranchised youth join with unionized workers and underemployed workers in a general strike action. So long as the plutocrats can dictate the economic fundamentals of our nation, the unfairness will remain.
This was the first chilling example as to how cyber terrorism could bring down the financial system, or specific institutions or persons. Obviously, new safeguards must be put in place by legitimate media brands, regulators, new media outlets like Twitter, markets, corporations and governments.
There is no one secret sauce for success on Wall Street. Let us say that there are several secret sauces. In the last 12 months, three young women of friends of mine have been accepted for jobs at pr...
David McCullough Jr. recently gave a commencement address, in which he told the students the cold, hard reality that "none of you is special." Who is to blame for this? Maybe those very same parents and teachers who are so quick to accuse us of it. The baby boomers, with the best intentions, have made us into what we are today: a generation of spoiled individuals. Why are they surprised?
With growing demands that governments must increase taxes on the rich, there's a strong possibility that some participants at the upcoming G20 finance ministers meeting in Washington will take aim at the banks with renewed calls for new taxes. Yet Canada already has a bank tax in place.
Perhaps if more insiders had come forward to expose wrongdoing, and irregularities at the major U.S. banks and investment houses a few years ago, the impact of the financial meltdown leading to the Great Recession might have been softened. Until each one of us does this, we're all muppets.
Clearly, Greg Smith is the very product of the environment he is so quick to criticize. Under the guise of a now viral op-ed piece in the New York Times, Smith -- once a Goldman Sachs executive -- has successfully guaranteed that every employer, every corporation, every Jack, and Jill around the world, including the Hill, will be aware of his accomplishments.
The movement has now passed through the hype machine. While at first, it began slowly, it's grown in size, and now many read of the protests in the same way they read of the falling stock market, or the weather that's get colder everyday.
Occupy Wall Street is, like the Tea Party, a messy populist movement. The concern is real that it refuses to recognize an essential tragic component of human affairs: unfairness is the abiding fact of our condition
There is a concern about a link between substance abuse and fluctuations on the Borsa Italiana, but what is even more worrisome is the fact that stock markets themselves are behaving like addicts. They are unbelievably volatile and fluctuate in a matter of seconds and minutes almost daily.
The "occupiers" would accomplish more if they would show up on voting day and cast a ballot. They would accomplish more if they financially supported and participated in a political party of their choice.
Why does our economic system place a higher value on disposable and often unnecessary goods than on the things like clean air and productive soil? Sure, there's some contradiction in protesters carrying iPhones while railing against the consumer system. But this is not just about making personal sacrifices
Brookfield Properties and the City Of New York have cancelled a clean-up of Zuccotti Park, the space currently being occupied by the Occupy Wall Street protesters. "Brookfield believes they can work...
"Indignados" (the indignants) occupy city squares in Spain on a permanent basis, and now the Wall Street protests have taken root and will only grow in size and intensity. These protests, while poorly organized and rag-tag, will become the migraine of politics, not fatal but nagging and potentially dangerous.
With Occupy Toronto approaching, I wrote a letter to Toronto Police and asked others to sign on. The letter listed many of the abuses of the G20 and asked the police not to repeat their mistakes. It asked them to behave calmly, rationally and professionally. My goal was 2,500 and I'd managed to push past 200 signatures.
The window of opportunity to ensure a corporate responsibility system in Canada is open now. So, as many commentators have pointed out, while the planned demonstrations don't have specific proposals for change, demonstrators can easily join with the coalitions in supporting the push for these key changes.
Wall Street's problems are far too important a matter to be left in the hands of those who act and think with anger, rather than with sense. Promote those with knowledge to act as your leaders, keep them on the forefront of OWS and keep the "angry mobs" away from the cameras.
Amid the attention given to the entertainment celebrities operating as outsiders, there is a need also to see how a different type of celebrity from the world of business -- Bill Gates -- is acting as an insider in the campaign of change with respect to financial institutions at the hub of global governance.
Who is listening to the folks camping out in downtown Manhattan? President Obama should call out the root cause of his shortcomings at the polls, but is otherwise engaged in retaining Wall Street support for his re-election campaign. And what of us, informed and active, democracy-loving citizens?
From sex-abuse scandals within churches to the stupefying fiascoes on Wall Street and in the Gulf of Mexico, a general malaise has replaced our optimism. For academics concerned by the crisis of credibility in our political, economic, and social institutions, it is time to take a good look in the mirror.
If the occupiers want to be more than an evanescent magic carpet for a gaggle of hacks, gasbags, and kooks, they will have to produce a leadership worthy of being taken seriously and make alliances with other dissenters.