Archive | Blog

Opera Deal

There is a deal that prevents the NYC Opera from locking out its workers. Though hard to know right now what the deal is, there is still one mystery I’d still like to learn more details about.

Read the full story

Posted in Blog0 Comments

Just Call It What It Is: Slave Labor

You can try to call these conditions whatever you want. But, bottom line, this is for slaves.

Read the full story

Posted in Blog0 Comments

“Some will rob you with a six-gun, and some with a fountain pen”: A New Corporate Tax Scam

I love that quote from Woody Guthrie (H/T to Citizens for Tax Justice for using it). Says it all, from the halls of the Chamber of Commerce to the corporate suites to the Congress. Today’s use of the fountain pen comes courtesy of another corporate scam to avoid taxes.

Read the full story

Posted in Blog0 Comments

Holder’s New (Bargain) Price For Bankers’ “Stay-Out-Of Jail” Card: $17 Billion

Well, it gets a bit repetitive to write about this but it’s that or spacecrafts following comets(come to think of it, the comet stuff is much more fun). But, here we go again: bankers rip us off and all they need to do is sock it to the shareholders and customers and, presto, Eric Holder and his boss go home happy campers. The Treasury might get a little richer but nothing much will have changed.

Read the full story

Posted in Blog0 Comments

Inequality Hurts Economic Growth. Well, Duh. No Surprise, S&P Late To The Party

One response to this might be “better late than never”. Actually, the spin on this story neglects to actually talk about the role S&P actually played in the financial crisis. But, apparently, the geniuses at S&P have now figured out what any normal person would understand: when a few people get all the marbles, not much is left for the others.

Read the full story

Posted in Blog0 Comments

Corp Tax Evading And Fleeing The Country? Fine, Kiss Your Federal Dollars Good-Bye

Corporate tax inversions are getting a lot of ink now (thanks largely to the heavy lifting done by the Levin brothers–Carl in the Senate, Sander in the House, and Citizens for Tax Justice…not, respectfully, by the celebrity of the moment). The president has even spoken out a bit, though we will see whether that’s just mid-term elections political rhetoric. But, a related move is now on the agenda and I love the name: No Federal Contracts for Corporate Deserters Act.

Read the full story

Posted in Blog0 Comments

Some Sneakers Are Missing

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

Read the full story

Posted in Blog0 Comments

“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.

Read the full story

Posted in Blog0 Comments

Short-Term Hype On The Economy

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

Read the full story

Posted in Blog0 Comments

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.

Read the full story

Posted in Blog0 Comments

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.

Read the full story

Posted in Blog1 Comment

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.

Read the full story

Posted in Blog0 Comments

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”

Read the full story

Posted in Blog1 Comment

$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.

Read the full story

Posted in Blog0 Comments

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.

Read the full story

Posted in Blog0 Comments

Tragedy In Detroit

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

Read the full story

Posted in Blog0 Comments

@JonathanTasini on Twitter

Archives