The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.

Some Elements of a Progressive International Trade Policy

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Ex Nasdaq head ran massive Ponzi scheme

D&S Admin Dec 12, 2008

Federal agents have arrested Bernard L. Madoff, a top Wall Street trader and ex-CEO of of Nasdaq for securities fraud. According to the criminal charges, Madoff is alleged to have defrauded investors of $50 billion in what he confessed to authorities was a "massive Ponzi scheme."

The 70-year-old Madoff faces 20 years in prison and a $5 million fine if convicted. He was released on a $10 million bond.

From the NY Times:

Published in: D&S BLOG

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Dollars & Sense is a non-profit, non-hierarchical, collectively-run organization that publishes economic news and analysis.

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