Posted on 19 February 2013. Tags: Banks, Interest Rate Scam, LIBOR, mortgage scam
Ah, Don Corleone, you would wish for these days. You would never worry about running a crooked business, breaking the law, or shaking down your customers. Because, if the government came after you, you’d have a ready-made defense, a tested defense handed you by the big banks, and their apologists: don’t indict me and my associates because we’d be out of business.
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Posted in General Interest
Posted on 18 February 2013. Tags: Bailouts, Bank of America, Federal Reserve Bank of New York, Gretchen Morgenson
Keep your eye on the ball, which is tough when it come to making sure another chunk of change doesn’t end up in the pockets of the big banks. But, it keeps happening.
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Posted in General Interest
Posted on 15 February 2013. Tags: Amalgamated Transit Union, ATU Local 1181, Bus Drivers, Michael Bloomberg
Michael Bloomberg is channeling Jay Gould, the robber baron of the 20th Century. Gould once said, roughly, that he could get one half of the working class to kill the other half. Bloomberg is on that agenda, setting workers and parents against each other, with the bottom line being yet another chink likely to be taken out of a middle class-paying job.
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Posted in General Interest
Posted on 14 February 2013. Tags: Citizens for Tax Justice, Corporate Greed, Facebook, Taxes
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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Posted in General Interest
Posted on 13 February 2013. Tags: Barack Obama, Minimum Wage, Poverty
Yesterday, I wrote that the president’s proposal to hike the minimum wage from $7.25 to $9 was a meek proposal. And that it was pure rubbish to argue, as he did, that that hike would help people get ahead. Just to add today a bit more.
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Posted in General Interest
Posted on 12 February 2013. Tags: Barack Obama, Minimum Wage, Poverty, Productivity
Well, bravo for the president for going to fight for a rise in the minimum wage. But, let’s be clear — this isn’t going to do much to raise people out of poverty.
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Posted in General Interest
Posted on 11 February 2013. Tags: CEPR, Climate Change
No more “I ate bad food last night” or “the kid kept me up at night with a fever” as excuses to stay away from work. It’s to save the planet I’m staying home.
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Posted in General Interest
Posted on 08 February 2013. Tags: California, Millionaire Flight, Taxes
Sometimes taking down the dumbest arguments repeated by “free market” adherents really feels like shooting fish in a barrel. Most of the “theories” are just rhetoric, with no substance beyond a political goal. Here’s another one: the rich will feel your state if taxes go up. Not.
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Posted in General Interest
Posted on 07 February 2013. Tags: Payroll Tax
To state the obvious, taxes hurt the most vulnerable more than the rich — even if the rich squeal (see: Phill Mickelson). No better example on this point is the payroll tax, which, when most or all of your income comes from wages (as opposed to investment income, which is where most of the wealth and income for the rich comes from), is really felt.
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Posted in General Interest
Posted on 06 February 2013. Tags: Greed, Rate Rigging, RBS
Ok, a little test to see who has been paying attention. What do you see in this story that seems really familiar?
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Posted in General Interest