Posted on 08 September 2014.
It never ceases to amaze me how, either because they are intentionally trying to mislead people or because they are just dumb/incompetent, “analysts” or public commentators and/or politicians profess to be flummoxed by the weak economy, the stop-and-go nature of growth and economic activity. Well, this isn’t rocket science: when you have an economy powered mostly by consumer spending and people don’t have money to spend, shit won’t get bought…is this not obvious? And that’s the message–the correct one–being delivered this week to the G20.
Posted on 05 September 2014.
Certain things I get no pleasure being right about. Like the lack of jobs. But, hey, I said back in July no one should be celebrating short-term hype on the economy. Sure enough…
Posted on 04 September 2014.
Today, as many people know, fast food workers went on strike, marched and some participated in acts of civil disobedience in support of a $15-an-hour minimum wage. Here are some pics from New York. PLEASE ADD YOUR OWN–EITHER FROM NYC OR OTHER PLACES! Going to jail for justice Signs of the times: McDonald’s needs […]
Posted on 03 September 2014.
Well, of course, the Organization for Economic Cooperation and Development wouldn’t quite say it that way. But, that is the upshot of what a relatively mainstream operation tells us: the financial crisis is still being felt worldwide, with millions of people out of work who would have been working but for the greed of the bankers and stupidity of politicians, including those in the U.S.
Posted on 02 September 2014.
A louder rumble is brewing in the fight to end poverty–also known as the fight to hike the minimum wage. Filling some jails is on the agenda…
Posted on 28 August 2014.
Politics is full of really asinine ideas–let’s see, the Iraq War counts as a good example. But, for perhaps the dumbest one going I’d offer up the mumbling, coming from even some Democrats, to eliminate the corporate tax. It is stupefyingly idiotic–in the midst of the greatest divide between rich and poor in 50 years, and corporate profits rising to record levels even as wage growth remain at its lowest level in half a century.
Posted on 27 August 2014.
Before I rip Burger King a new one, a moment of full disclosure: I haven’t walked into one of those joints in I dunno 25 years. So, maybe it’s worth the whatever it costs now to choke down and swallow that stuff. But, know this: every dollar you put into that place now is basically a contribution to yet another tax dodge–theft from the public’s right to have a decent society.
Posted on 26 August 2014.
Truthfully, this is not particularly a new idea. For a long time, I, and others, have been pointing out that the data about the economy and jobs does not reflect how bad it really is–and this was true way before the financial crisis. But, drumroll, a little academic cover joins the chorus.
Posted on 25 August 2014.
A problem that I’ve been writing about for several years is the grim reality that the top bankers and Wall Street guys, who were responsible for the financial crisis, have never been out in jail–and jailing these guys is the only way that there is a chance that the same thing won’t happen again. Which brings us to the story of Angelo Mozilo.
Posted on 22 August 2014.
It isn’t complicated and it’s not rocket science. The thievery underway in the form of corporate tax inversions can be stopped if there was a will to do so. It’s a problem with three easy-to-describe pieces–and some pretty straightforward solutions. The issue is: does the White House, beyond an election-year messaging stunt, really want to stop the robbery of the American taxpayer?
Posted on 21 August 2014.
Well, this is just more of the same. Shareholders and customers pay the tab for greed and incompetence–and the Administration goes along. A new deal–but no one held responsible.
Posted on 20 August 2014.
It might look these events are completely unrelated but there is a tie between the extortion underway of Argentina courtesy of a hedge fund, on the one hand, versus the cluelessness at the Federal Reserve Board about what is actually happening to real people.
Posted on 19 August 2014.
I couldn’t help the “EXPOSED” start to the headline because, actually, this is no surprise. Citizens for Tax Justice has been making this case for a very long time (including here, just as one example). But, here’s another piece of evidence to try to undo that hard-wired, decades-long rhetorical nonsense about corporate taxes being too high in the U.S.
Posted on 18 August 2014.
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.
Posted on 08 August 2014.
You can try to call these conditions whatever you want. But, bottom line, this is for slaves.
Posted on 07 August 2014.
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.