Some Sneakers Are Missing

…Or else maybe Nike’s off-shore shell game has changed. In any case, there’s something fishy in Bermuda.

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“A brazen fraud by the defendants”=$1.9 Billion Fine For Bank of America

One person who is a bit of a hero, I think, in this whole post-financial-crisis-the-bankers-got-away-with-it scam is Jed Rakoff, who sits in the Federal District Court of Manhattan. A few years ago, I wrote that Rakoff understood that the government, our government, and, in particular, the Securities and Exchange Commission, is not serious about holding people accountable for the robbery and greed and incompetence that led to the financial collapse, costing millions of people their jobs and obliterating trillions of dollars in wealth. As Rakoff said, it’s all a show. But, at least, when he can, Rakoff is trying to make it hurt–and, now, to the tune of a $1.9 billion fine against Bank of America.

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Short-Term Hype On The Economy

Yipee, it’s up, the economy is “rebounding”, smile, celebrate…uh, well, not so fast.

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Not News: Banks CEOs Don’t Care About The Country

Under the heading of “this is not surprising”, I’d put this news: bank CEOs are playing a central role in moving companies overseas–or, actually, just reincorporating them to dodge taxes. And all for the usual reason: nice fat bank fees that help underwrite the pay packages of Jamie Dimon and his gang–the same gang that wrecked the economy, but still have their jobs.

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An Opera Diva Can Be A Union Buster, And Just As Dumb As A Corp Thug

The tender landscape of art can often obscure labor nastiness, and stupidity, that rivals anything you’d find in the corporate world, with stupidity and greed part of the mix (take Arianna Huffington, grand narcissist, who is happy to leach off writers and make tens of millions along the way). Welcome to the New York Metropolitan Opera, folks, which, true to form, is trying to lay blame on its workers and threatening a lock-out, when mismanagement has been the order of the day.

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Marvin Miller Will Not Be Mentioned, And So Baseball Continues To Deny Its Labor History

Sunday there will be yet another ceremony at the National Baseball Hall of Fame–and it will be, without anyone saying so, a ceremony that continues the despicable behavior towards the one man who did more to change baseball outside the lines than perhaps any single individual: Marvin Miller. Despicable because, simply because Marvin Miller built the players’ union into a serious union, the owners have refused to vote him into the Hall of Fame. It’s even more despicable because, after Miller died at age 95 in November 2012, you would think that people would have an ounce of decency, a bit of humanity, to tamp down the animosity enough to be big and do the right thing. But, they have not.

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Obama: Companies “cherry-picking the rules, and it damages the country’s finances”

I detect a president who thinks he’s found a very potent political argument. Having gone soft on the bankers, letting all the big fish skate after wrecking the economy, the president has figured out that people just won’t stand for a tax system that leaves regular people holding the tab while CEOs figure out how to screw the public, day after day. And, so, he’s now personally calling for an end to so-called tax “inversions”

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$300 BILLION Robbery of Workers And Counting: Why We Need $20-An-Hour Minimum Wage

Tick, tick, tick, tick…every minute that goes by is another minute workers are being robbed–in particular, those people forced to work for the slave-like minimum wage. And if you looked back just five years, there’s a price tag to that robbery: over $300 billion.

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Retroactive, Of Course

In the debate over tax inversions–that little corporate maneuver to reincorporate abroad to avoid U.S. taxes–there’s a little fight going on about a small but significant issue: if legislation passes to stop this scam, should it be retroactive? Of course it should.

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Tragedy In Detroit

This is simply a tale of having a gun put to your head: vote “yes” or we screw you even harder.

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No, Miles, It Does Matter

Love those CEOs obfuscating the truth. I know, you’re shocked. This little pearl comes in the arena of tax avoidance.

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The Post Office Could Be Your Bank

Stumbled on a conversation today that is quite intriguing: using the post office as a bank outlet. Guess what? It existed decades ago. It could happen again–but, you’ll never guess who hates the idea? OK, yup.

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Inversions Will Continue

Heh. That’s likely what those corporate legal and accounting minds are thinking: nuttin’ is going to pass that stops that nice little scam allowing corporations to incorporate overseas to avoid paying taxes in the U.S.

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Only A Patriot When It Mean Money

Flag-waving patriots don’t particularly impress me. Too many are the types to want to go to war–but never serve themselves (a la Dick Cheney’s “I had other priorities” during the Vietnam War). Here’s an economic “patriot” who is only as good as profits to her corporation.

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The Jail Cells Remain Empty Of Bankers

Well, gee, no surprise here. A big CIVIL penalty for a major financial scam but no banker is heading to jail. Yet. Or probably never.

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When You Hit That Pothole This Weekend, Thank Corporate GREED

For the millions of people hitting the road at this very hour, and in the hours to come, it’s going to be a bumpy journey, crashing through potholes after pothole, rutted road after rutted road, and creaky bridge after creaky bridge–all thanks to the dismal shape of the country’s infrastructure (which gets a D+ from the American Society of Civil Engineers). No doubt, drivers will curse a whole list of people–but a small wager that few give up a few choice words for a big culprit: corporate greed.

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