Wall Street

Despite settlement, Wells Fargo still in housing activists' crosshairs

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Federal regulators cut a deal with 10 major banks to “speed up housing relief,” major news outlets reported earlier this week – but to exactly no one’s surprise, the amount promised to struggling homeowners is a pittance compared with the overwhelming losses sustained during the foreclosure crisis. Read more »

Dick Meister: Six ways to heal the economy

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By Dick Meister

 Dick Meister, former labor editor of the SF Chronicle and KQED-TV Newsroom, has covered labor and politics for more than a half-century. Contact him through his website, www.dickmeister.com, which includes more than 350 of his columns.

The AFL-CIO has come up with an ambitious six-point plan for healing our very sick economy – one of the best plans that have yet been suggested by anyone.

Point one calls for rebuilding the school, transportation and energy systems by spending at least $2.2 trillion to restore crumbling 20th century infrastructure. As the AFL-CIO says, it would be an investment that would put millions of people to work while laying the foundation for the nation's long-term growth and competitiveness with other nations.

Point two is as direct: "Revive U.S. manufacturing and stop exporting good jobs overseas."  That would involve, among many other steps, reforming and enforcing tax policies that are currently encouraging U.S. companies to have manufacturing done in other countries. And enhance Buy America standards, increase investment in job training and oppose free trade deals. Read more »

When OccupySF occupied my car

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By David Adler

I began the week a brooding and self-pitying writer, who was spending far too much time sucking on sour grapes until they were bitter raisins.  I even went back and forth via email with an editor who had rejected one of my stories.  This is not a good way to endear yourself with potential future patrons.  But it had been far too long a time since I'd torched a bridge (and, in this case, I’m fairly certain that I burned the fucker to the ground), and in that sort of "I love the smell of napalm in the morning" empty machismo way, well, I still didn't feel better.  I felt like I do when I yell at the television while watching a Laker game, screaming at Andrew Bynum as if I were sitting courtside next to Jack Nicholson and sneaking out with him for blow during TV timeouts or just when we damn well wanted to.  I was a crazy man.  A loon in sweats and a Cal hoodie.  Read more »