Working Life

Goldman Sachs is one of the great predators in modern day society. I’m still waiting for the day when Goldman’s top executives face criminal indictments over the financial crisis scam — and I suspect I will keep waiting since the Obama Administration shows no inclination to go over the big bankers and Wall Street people who finance modern-day campaigns. But, as a side scam, Goldman is fleecing every taxpayer in America — and helping close schools and destroy the social safety net.

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A big smooch to you from Facebook, oh unsuspecting citizen. No, it’s not a new wrinkle that will drive you mad on your profile page. It’s the usual: Facebook just “likes” you to pieces for your personal generosity. Your Facebook tax giveaway generosity.

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It’s a tad better but still I remain unimpressed by the UBS felony conviction. Because the big fish are still not in jail.

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Where do you start to comment when you read a piece that is, at best, deeply spineless, and, at worse, completely clueless? We cease to be surprised by the relentless foolishness on the part of the transcribers of press releases (formerly called “journalists”). But, though I am not surprised, I can’t let these things go. In this case, it’s a dumb piece called, “Standard of Living Is in the Shadows as Election Issue”.

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    It won’t be long before you hear–because it’s part of the framing of Democrats and Republicans alike, and traditional media "analysts" who haven’t a clue what they are taking about when it comes to economics–that unions are in trouble because of the "new economy" (which means, to some people, the industrial base is [...]

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   Oh, those poor "job creators"…they just can’t get any respect–except from Republicans, and too many Democrats, who run around undercutting jobs programs because of some phony idea that taxing the wealthiest Americans will hurt jobs. Oooopppsss…nope… Embedded in the report out from the Congressional Research Service–which annoyingly doesn’t post reports publicly–which tell us this: [...]

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That CEOs of American-based, flagless corporations will say, or do, anything to make a buck–and line their own pockets–is not a surprising notion. That our political leadership keeps buying the nonsense spewed out by the Chamber of Commerce and the other megaphones of corporate greed is a tragedy–an obvious result of the corrupt campaign finance [...]

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   In a crisis, it’s a tough thing to watch people scramble to survive. And those that already have a lot usually are in the driver’s seat, ready to pit one person against the other. The same is true for states–ever desperate to try to get a few jobs for its citizens (and, need I [...]

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This is just silly–but, unfortunately, not entirely surprising. Chuck Schumer has grabbed on to the idiotic idea of rewarding corporate America for tax dodging and stashing billions of dollars overseas. And the senior Senator is doing a huge flip-flop–one that is bad for the country. We’re talking about one of the worst ideas ever thought [...]

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    The bad news will keep pulverizing your grey cells: housing prices sliding, stock markets weak, bond yields in the toilet, the dollar down (which I actually have argued is a good thing)…     But, do not make the mistake of thinking that means that companies are lacking for money. Nope. Times are [...]

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   I’m about to dash off to a protest at the main postal office here in Manhattan for a Tax Day demonstration sponsored by US Uncut, the NY chapter of the Coffee Party and assorted other malcontents like me. In that spirit, I thought it worth leaving us with this list of the corporate tax [...]

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   Every CEO running a big multi-national company in America knows that, when times are tough, they have one sure way to save a lot of money and a place to go for cash: the U.S. Treasury. This is nothing new. But, today, we have two flashing red lights about how your money is being [...]

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Sometimes, I wonder whether we all live in a grand farce. But, actually, it’s a real-life story about a robbery of the people that continues every day–and today is no different. The robbers grow richer.   From The Wall Street Journal a story headlined: "On Street, Pay Vaults to Record Altitude": When it comes to [...]

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   There is a whole lot of whining coming from the corporate sector about the great "burden" entailed in the health care bill just passed. Citizens for Tax Justice digs into the topic: A new analysis from CTJ shows that many of the companies protesting a tax-loophole-closing reform enacted in the new health care reform [...]

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I have written recently that the debate over CEO pay obscured the true source of executive over-the-top compensation: the astronomical levels of money hidden in the pensions of CEOs and top executives. Today, we have more confirmation about the draining of corporate money into the hands of CEOS via their retirement parting gifts.   The [...]

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   A battle that is a typical story of corporate greed: Stella D’oro closed its Bronx bakery a day ahead of schedule Thursday, officially putting its 136 unionized employees out of work. The plant’s general manager Dan Meyers summoned the workers for a 3 p.m. meeting as the first shift was ending, informed them that [...]

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