It’s a Great Time To Be a Banker in America

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Matt Yglesias passes along this remarkable chart from Morgan Stanley’s Adam Parker showing that 88 percent of all the profit growth in the S&P 500 this year has been concentrated in ten firms in a grand total of two industries: technology and finance. In particular, seven of the ten firms are financial companies. Keep this firmly in mind the next time some Wall Street titan complains yet again that Obama hates banks and is out to destroy them. This is not a sign that Obama has done anything serious to hurt the financial industry; it’s a sign that America’s bankers are comically thin-skinned whiners.

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Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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