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That’s Where the Money Is

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  • Just this past July, Mr. [Jon] Boehner (House MInority Leader] called for a moratorium on new federal regulations, saying it would be “a wonderful signal to the private sector that they’re going to have some breathing room.” Talk about an invitation to a nightmare. Try imagining how the public would be treated by banks, energy companies, food processors and myriad other powerful entities if the federal government were forced by law to ignore even more of their predations.
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  • Corporate America's Race to the Bottom 'Now Official'
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Bob Herbert, New York Times | NY

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Submitted by Evergreene Digest Contributing Editor Lydia Howell

It’s beyond astonishing to me that John Boehner has a real chance to be speaker of the House of Representatives.

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I’ve always thought of Mr. Boehner as one of the especially sleazy figures in a capital seething with sleaze. I remember writing about that day back in the mid-’90s when this slick, chain-smoking, quintessential influence-peddler decided to play Santa Claus by handing out checks from tobacco lobbyists to fellow Congressional sleazes right on the floor of the House.

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It was incredible, even to some Republicans. The House was in session, and here was a congressman actually distributing money on the floor. Other, more serious, representatives were engaged in debates that day on such matters as financing for foreign operations and a proposed amendment to the Constitution to outlaw desecration of the flag. Mr. Boehner was busy desecrating the House itself by doing the bidding of big tobacco.

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Corporate America's Race to the Bottom 'Now Official', Robert Reich, RobertReich.org/Common Dreams

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  • Wonder what’s happening with bank reform? Watch your wallets.
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  • That's Where the Money Is
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Corporate America's Race to the Bottom 'Now Official'

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  • Wonder what’s happening with bank reform? Watch your wallets.
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  • That’s Where the Money Is
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Robert Reich, RobertReich.org/Common Dreams

Wonder what’s happening with bank reform? Watch your wallets.

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Having created giant loopholes in the Dodd-Frank law recently passed by Congress (keeping “customized” derivatives underground, for example), fighting off attempts to cap the size of the biggest banks, and keeping capital requirements relatively modest, Wall Street is now busily whittling back the rest through regulations.

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Squadrons of lawyers and lobbyists are now pressing the Treasury, Comptroller of the Currency, SEC, and the Fed to go even easier on the Street.

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Their main argument is if regulations are too tight, the big banks will be less competitive internationally. Translated: They’ll move more of their business to London and Frankfurt, where regulations will be looser.

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That’s Where the Money Is, Bob Herbert, New York Times | NY

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  • Just this past July, Mr. [Jon] Boehner (House MInority Leader] called for a moratorium on new federal regulations, saying it would be “a wonderful signal to the private sector that they’re going to have some breathing room.” Talk about an invitation to a nightmare. Try imagining how the public would be treated by banks, energy companies, food processors and myriad other powerful entities if the federal government were forced by law to ignore even more of their predations.
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  • Corporate America's Race to the Bottom 'Now Official'
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If you liked reading this article, consider contributing a cuppa jove to Evergreene Digest--using the donation button above—so we can bring you more just like it.

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Foreign-Funded ‘U.S.’ Chamber Of Commerce Running Partisan Attack Ads

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  • According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections.
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  • Chamber of Commerce Accused of Tax Fraud
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  • Stop the US Chamber of Commerce
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Think Progress

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The largest attack campaign against Democrats this fall is being waged by the U.S. Chamber of Commerce, a trade association organized as a 501(c)(6) that can raise and spend unlimited funds without ever disclosing any of its donors. The Chamber has promised to spend an unprecedented $75 million to defeat candidates like Jack Conway, Sen. Barbara Boxer (D-CA), Jerry Brown, Rep. Joe Sestak (D-PA), and Rep. Tom Perriello (D-VA). As of Sept. 15th, the Chamber had aired more than 8,000 ads on behalf of GOP Senate candidates alone, according to a study from the Wesleyan Media Project. The Chamber’s spending has dwarfed every other issue group and most political party candidate committee spending.

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A ThinkProgress investigation has found that the Chamber funds its political attack campaign out of its general account, which solicits foreign funding. And while the Chamber will likely assert it has internal controls, foreign money is fungible, permitting the Chamber to run its unprecedented attack campaign. According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections.

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Chamber of Commerce Accused of Tax Fraud, Joshua Holland,  AlterNet

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  • A watchdog group charges the CoC violated U.S. tax laws by funneling $18 million from its charitable, non-profit arm into lobbying.
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  • How the Chamber of Commerce Allegedly Laundered Millions in Charity Dollars to Beat Back Financial Reform and Reelect Republicans
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  • Stop The US Chamber of Commerce
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Corporate America's Favorite Jurists Return

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  • The squeeze on workers
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  • Signing away your rights
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The Progress Report, Think Progress

Few cases define the Roberts Court like the recent decision in Citizens United v. FEC. With a wave of their hands, the Court's five conservatives opened the floodgates to allow billions of corporate dollars to spill into American democracy.

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As a result, outside interest groups -- most of which are aligned with conservatives -- have already spent five times as much on this midterm election cycle as they did in 2006. And Citizens United is only the tip of the Court's corporate iceberg. The justices have consistently favored employers over workers and polluters over the environment -- and it has gone out of its way to slam the doors of justice shut on ordinary Americans. With the Court's new term beginning this week, the justices have a few opportunities to correct past errors. Sadly, the Roberts majority is far more likely to find new ways to declare corporate America to be above the law.

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The squeeze on workers: In its first full term together, the Roberts majority handed down its infamous Ledbetter v. Goodyear Tire decision, which cut off access to equal pay for equal work for many women. Moreover, when Congress swiftly overturned this egregious decision, the conservative justices responded -- not with the humility Chief Justice Roberts promised in his confirmation hearing -- but with an equally indefensible decision limiting the rights of older workers.

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10 Fees You Shouldn’t Pay

Money Wasters: Extra Fees

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Seth Fiegerman, MainStreet.com

If there’s one thing we’ve learned from airlines during the past year, it’s that few things are as frustrating as having an extra fee tacked onto your bill.

But while consumers may have little choice but to pay airline fees, there are many other fees that we get stuck with on a regular basis. They can be easily avoided if you know to look out for them.

BillShrink.com, an online service that helps consumers cut costs on everyday items, recently put together a list of 10 fees for which you should never have to pay.

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