Posted on 19 November 2014.
The Federal Reserve Bank of New York is first among equals when it comes to the other 11 regional Fed Banks. That person has a big say on interests rates because s/he sits permanently on the Fed’s Board of Governors. So, should the head of the NY Fed have to be confirmed by the Senate? Senator Jack Reed thinks so.
Posted on 18 November 2014.
It’s good to see this demand by both Elizabeth Warren and Joe Manchin. But, there’s an important point missing.
Posted on 17 November 2014.
Because what has happened is robbery. Pure and simple. “Stagnation” is too passive. It makes it sound like a natural phenomena, like a sunset.
It makes it sound like there were never active players in the daily robbery of workers–either by outright breaking of the law or by using the so-called “free market” system to take from people the fruits of their labor.
I raise this because of two elite views expressed in the past couple of days that are pretty common repetitions of the myth of “gee, isn’t it terrible this thing just happened”.
Posted on 13 November 2014.
Nobody, in my opinion, knows the Supreme Court better, and writes about its decisions and law in a more user-friendly way, than Linda Greenhouse, former NYTimes Supreme Court reporter who has a regular column on the Times website; I read every one of her columns, even if it’s not a topic I particularly work on or follow.
Today, she blisters the Court in a broadside that essentially says: by agreeing to take up a challenge to the Affordable Care Act, the conservative majority has shown that it is simply a group of “politicians in robes”.
Posted on 12 November 2014.
One of the greatest dangers we face from the odious Trans-Pacific Partnership is the investor-state dispute settlement (ISDS). The pro-TPP forces–who advocate for the non-existent so-called “free trade”–want to ignore the reality of the ISDS and, to do so, they actually have to lie about it. Unfortunately for them, Public Citizen is a tiger that won’t let these lies pass.
Posted on 11 November 2014.
A common myth: the auto industry is dying. The reality: no, it’s increasing employment but largely in NON-UNION assembly plants in the South owned by foreign companies like Mercedes and Nissan, and at independent parts suppliers. Let’s see if this breaks open some new opportunities.
Posted on 10 November 2014.
I often hear the refrain that billionaires and corporations just use legal tax gimmicks to avoid paying a fare share in taxes, and that if you want to hold someone accountable, point your finger at the politician who votes for the tax loopholes that makes tax dodging legal and possible. I get the politician’s responsibility–but only up to a point. Because there is a morality issue at stake here…uh, oh yeah, morality and business don’t coincide, as John Malone proves.
Posted on 07 November 2014.
For many months, I’ve been very skeptical about the regular jobs reports that are fairly upbeat in the way they describe the economy. I still feel that way, though the direction is certainly better than say right during the post-financial crisis months.
Posted on 06 November 2014.
While most progressive activists and politically obsessed people were dissecting the elections endlessly yesterday (me, I made chicken and audouille gumbo), some pretty damn interesting stuff dropped courtesy of the International Consortium of Investigative Journalists. Bottom line: we’re being robbed every day and the price tag is huge.
Posted on 06 November 2014.
You know, maybe some of the political geniuses and economists should stop talking about how great the economy is and actually get beyond the talking points of the White House and look at a tiny fact to get a clue about why people are angry: household wealth. After understanding those number, they’d also understand that part of the problem has been, in fact, bi-partisanship.
Posted on 03 November 2014.
Have we heard this one before? Uh, huh. Will it mean any of the top bankers lose their jobs or, perish the thought, end up in jail? Well, I’d give a better chance the Waltons of Wal-Mart give away their entire fortune to their workers to pay for health care and higher wages.
Posted on 31 October 2014.
I am of two minds about Tim Cook’s public declaration that he is gay. On the one hand, good for him if he thinks that it emboldens other people to not be afraid of their sexual preference being known publicly. On the other hand, if the message is that, you, too can come out but only once you are the CEO of one of the most powerful corporations in the world–and you can do all that while fleecing the U.S. government of billions of dollars in revenue…well, it’s a moment to pause and consider.
Posted on 30 October 2014.
At least if you are in the war-making industrial business sector–or the bean-counting of the economy. Because, really, that’s what accounts for a nice little hunk of this little spurt of allegedly “good” economic news.
Posted on 29 October 2014.
Under the heading of I am not surprised at all…guess what…the bankers are cheating again.
Posted on 23 October 2014.
While everyone is focused on the polls and the dwindling chances of the Democrats to hold the Senate, on the tax policy front, it’s just horrendous, with the choices in the upcoming lame duck session of Congress verging from “bad” to “very bad”.
Posted on 22 October 2014.
This could be funny since it’s the rantings of some seriously crazy people. But, the end result of a very stupid film is just more unhinged hate of government.