Main Street

Danny Duncan Collum 06-03-2014

"See," we tell ourselves, "we were so good once. How bad could we really be?"

Elizabeth Palmberg 12-02-2011

This analysis is not from Occupy Wall Street: It’s from those long-haired, hippie radicals over at Bloomberg News, whose Freedom of Information Act lawsuit finally pried the bailout details out of the unwilling Fed. Turns out the banks made $13 billion in profits off the government’s sweetheart-deal interest rates, which New Deal 2.0 is calling maybe “the biggest subprime loan operation of all time.”

The contrast couldn’t be clearer: While the government swung into extreme, double-secret action to save Wall Street, it’s sitting on its hands as long-term mass unemployment hammers Main Street.

Jack Palmer 11-17-2011
Harvard University's Annenberg Hall. Photo Copyright 2004 Jacob Rus via Wiki Com

Harvard University's Annenberg Hall. Photo Copyright 2004 Jacob Rus via Wiki Commons.

There is something fundamentally wrong with our education system when the draws of a huge salary and big bonuses consistently trump the aspirations and dreams that were front and center in our lives just four years earlier. Debts, a lack of job opportunities in other fields, your basic standard-issue panic — or maybe a simple absence of imagination can take hold and send us running into the arms of the recruiter with the flashy suit, a Hollywood smile and promise of a better life.

As Terkel reminds us: “Young people will continue to go work in the financial sector as long as its pay is disproportionately higher than alternative careers. It's basic human nature: Follow the money.”

But what would it look like if we didn’t follow the money? What if Wall Street paid no more than schools or hospitals?

What would our economy look like if these leading young minds chose not to work for big banks and consultants, but instead were the teachers that helped turn failing schools around, the innovators and engineers who were designing products that would create thousands of new jobs?

What needs to be done so that the finest members of the 2012 graduating class head to Main Street instead of Wall Street?

Jim Wallis 09-22-2011

Wall Street has been devastating Main Street for some time. And when the politicians -- most of them bought by Wall Street -- say nothing, it's called "responsible economics." But when somebody, anybody, complains about people suffering and that the political deck in official Washington has been stacked in favor of Wall Street, the accusation of class warfare quickly emerges. "Just who do these people think they are," they ask. The truth is that the people screaming about class warfare this week aren't really concerned about the warfare. They're just concerned that their class -- or the class that has bought and paid for their political careers -- continues to win the war.

So where is God in all of this? Is God into class warfare? No, of course not. God really does love us all, sinners and saints alike, rich and poor, mansion dwellers and ghetto dwellers. But the God of the Bible has a special concern for the poor and is openly suspicious of the rich. And if that is not clear in the Bible nothing is.

Jim Wallis 02-10-2011
House Republicans announced a plan yesterday to cut $43 billion in domestic spend
Jim Wallis 02-09-2011
The Super Bowl was a good football game and the team I liked best won -- the Green Bay Packers. The team is owned by its city, not some narcissistic rich guy, and I like that.
Jim Wallis 02-04-2011
I was able to attend the National Prayer Breakfast yesterday morning and noted two important things about http://www.whitehouse.gov/the-press-office/2011/02/03/remarks-president-...
Jim Wallis 02-03-2011

By all journalistic reports, it was the Egyptian government of President Hosni Mubarak that sent thousands of armed thugs into Tahrir Square and the streets of Cairo yesterday to bring violence to w

Jim Wallis 01-31-2011
The contradictions here in Davos are enormous.
Jim Wallis 01-19-2011

Yesterday afternoon Sargent Shriver, a man of God and dedicated public servant, passed away at the age of 95.

Jim Wallis 01-06-2011
On New Year's Day I sat and reflected on the past year.
Jim Wallis 12-24-2010
"Overcoming global warming is not a sprint. There is no quick fix. Rather, it is a marathon, something we will be doing for the rest of our lives.
Jim Wallis 12-21-2010
Sometimes, a friend can send just the right email at just the right time.
Jim Wallis 11-18-2010
There has been a lot of talk about deficits lately. This is for good reasons. Our personal and national relationship to debt is indeed a moral issue.
Jim Wallis 10-22-2010

You have to wonder -- when political ads focus on a college prank pulled by your opponent -- what else could that money have gone to?

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