Archive | General Interest

The NYTimes Tries To Make Up

   The financial collapse a year ago was also, in my mind, a further sign of the bankruptcy of the traditional media. Even though the rising real estate and stock market bubble were obvious for a number of years, The New York Times rarely took on the greed in Wall Street, treating, particularly in the […]

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I Try To Eat Less: The Story Of The Economy

I’m reading the reports of the awful job reports that came out today. I’ve been arguing for some time that the search of "green shoots" in the economy is a mirage and an experiment that covers up how bad the economy is for real people. But, this made me stop in my tracks.   From […]

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Big Banks Thank You For The Break

   Turns out that not only have you, the taxpayer, bailed out the "too big too fail" (TBTF) banks but you’ve likely given them a break over smaller banks. So, say the always-accurate folks at the Center for Economic and Policy Research in a new study: In effect, because of the government safety net being […]

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G-20 Contradictions

   The G-20 meeting in Pittsburgh provided what those meetings usually provide–rhetoric and not much chance. I wanted to highlight one point from the president’s press conference there: Q: Thank you, Mr. President. Let me ask you, while we were inside this very safe and secure and beautiful convention center, some 5,000 at least demonstrators […]

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The Anti Public Option Pledge: No Health Care For Me!

Like my fellow American patriots, I refuse to sit by while the Nazi Marxist President sends storm troops of Dr Mengeles to pull the plug on millions of grannies. Just keep out of our persona lives. My health care is my business and it’s between me myself and I(nsurance companies.) Up until yesterday, I was […]

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Wall Street Lining Up Against Rationality

   There have been a number of instances in the past few months that show that the financial industry has not learned its lesson and needs to be saved from its own short-sited behavior. Banks have pushed back against new rules on credit cards and mortgages. There is a coordinated effort to scuttle or badly […]

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Democracy In The Boardroom

   I think that we all share the notion that democracy is an important aspect of living in a functioning society. The problem is that the one place where we spend half our waking lives–the workplace–does not have people running the show who adhere to the notion of democracy. To wit (via The Wall Street […]

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A “Moderate” At SAG

   Let’s see where this goes: That’s the second big win for Ken Howard this week. Members of the Screen Actors Guild have elected the veteran character actor, who just won won an Emmy on Sunday for his role in HBO’s "Grey Gardens," as the union’s new president, capping a bitter election campaign that sharply […]

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The Spine Weakens–Again

   It’s beginning: House Financial Services Committee Chairman Barney Frank (D., Mass.) told lawmakers the plan would no longer require banks to offer customers "plain vanilla" versions of products such as mortgages and credit cards, one of the more populist components of the White House’s proposal that had become a lightening rod of criticism from […]

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Measuring The Economy–The Stiglitz-Sen Approach

   We would all agree that we want a "healthy" economy. But, what constitutes healthy? It certainly isn’t the economy we have today, where hundreds of millions of people around the globe struggle to survive, even in "good times" when government statistics tell us we should be thrilled and happy because the economy is "growing". […]

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