Wells Fargo cuts 26,500 jobs, shutters branches, declares "excess capital" and drops $40.6 billion on stock buybacks

Wells Fargo is America's most scandal-haunted bank, which is quite an accomplishment in a heavily competitive field; now the bank has started closing its branches and cutting jobs (after pressuring employees to commit mass fraud on pain of being fired and blacklisted from the industry). Read the rest

Oklahoma schools go on 4-day weeks so teachers can work at Walmart on Mondays to make rent

In 1992, Oklahoma passed a ballot initiative saying that the state could only raise taxes with a three quarters majority in the state assembly, creating a one-way ratchet where every tax cut becomes effectively permanent, including the sweetheart deals cut for frackers and the deep cuts to taxes on the wealthiest residents of the state. Read the rest