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• EU makes important step toward banking union

  EU makes important step toward banking union

  The European Union on Tuesday cleared a major legal hurdle toward establishing a full banking union to stabilize its financial system, just as investor confidence was hit hard by a controversial seizure of a part of all bank deposits in Cyprus.

• GOP activist leads Ariz. group pouring millions into Calif. ballot fight

  GOP activist leads Ariz. group pouring millions into Calif. ballot fight

  The Arizona group that dumped $11 million into California's ballot measure melee this week is led by a Republican activist who calls labor unions "the parasite that is killing our jobs."

• Banks gamble your money

  Banks gamble your money

  The word "bankster" was coined by a journalist in the 1930s to describe the corruption in banking during the Great Depression. In my opinion, we now have bank corruption on steroids. Since the Glass-Steagall Act was repealed by the Dodd-Frank Act, banks are no longer stopped from commingling depositor funds with investment banking funds. So now that the large banks have so much more money to gamble with, they are making huge profits at the expense of the rest of us. For instance, from 2000 to 2008 the volume of their trading in highly risky derivatives increased an average of 65% per year. The large banks have been earning roughly $35 billion per year off of these derivative trades alone.

  Since the big banks have so much lobbying power there is good reason to expect that they will continue to do this until the next major economic crash. The big question is, "Will the American empire survive that catastrophe?" Meanwhile, the safest thing for depositors to do is put their money in a nonprofit credit union and

• EDITORIAL: California must crack down on unlicensed payday lenders

  EDITORIAL: California must crack down on unlicensed payday lenders

  In theory, any entity that lends money to a California resident -- whether operating from a storefront or online -- has to be licensed and follow California laws. In theory, too, the state Department of Corporations and state attorney general can shut dow

• Fresno-area farmers work to reduce food waste, feed hungry

  Fresno-area farmers work to reduce food waste, feed hungry

  Every year, millions of pounds of fruits and vegetables never make it to the grocery store. Instead, they are fed to cattle, dumped in landfills or spread out on dirt roads for dust control. But eight years ago, a group of farmers and food bank officials launched a program to help reduce food waste.