Posted on 15 October 2008. Tags: Class Warfare, Economy, Full Employment, Minimum Wage, Stocks
I feel like I’m in the middle of Star Trek V: The Final Frontier movie. You know, when the entity masquerading as God talks a good game and is trying to seduce his listeners into believing that a wonderful future awaits–if only he can hitch a ride on the Enterprise. To which Capt. Kirk […]
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Posted in General Interest
Posted on 14 October 2008. Tags: Christine Quinn, Mike Bloomberg, New York City, Term Limits
I thought I’d take a short timeout from the on-going wildness in the markets (don’t pay any attention to the rallies you might see in the markets for one day–things are still very dire) to make an observation about the politics of hypocrisy in New York City. This has some relevance to the lives […]
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Posted on 11 October 2008. Tags: Class Warfare, EFCA, Financial Crisis, Minimum Wage, Single Payer, Stimulus
Sounds like one of those spam emails you get, huh? Well, it feels like the members of Congress operate that way. People keep talking about stimulus as a way of stemming the financial global meltdown (um, it might be rough again today–foreign markets all plunged deeply and the Dow futures is showing a huge […]
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Posted on 10 October 2008. Tags: Class Warfare, Equity, Health Care, Taxes, The Rich
The drumbeat has begun: we have to cut spending because there is no money left. You hear it at every level of the political debate, from candidates to pundits. But, it’s a lie. We have plenty of money if we have the political will, to paraphrase the legendary bank robber Willie Sutton, to go […]
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Posted on 09 October 2008. Tags: Consumer Spending, Financial Crisis, J.C. Penny, Retail
Yesterday, I said this about what to expect in the near future: One or two or more big retailers go belly up. No one is going to be spending money this holiday season. You know the problem is acute when you read, as I did yesterday in the Financial Times, that Las Vegas is […]
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Posted on 07 October 2008. Tags: Consumer Spending, Financial Crisis, Pensions
The wild swings in the markets around the world are just the most obvious symptom of an economy heading down. You probably know by now that credit is frozen–so businesses can’t borrow to pay off normal bills. Banks are just unwillining to hand out money when they have no idea what the underlying value […]
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Posted on 07 October 2008. Tags: Capital Gains, Citizens for Tax Justice, Class Warfare, Taxes
We all know the rich get away with paying virtually no taxes. There is a key way they do that beyond the income tax: capital gains and dividends. As the folks from Citizens For Tax Justice point out: The biggest and most unjustified of these subsidies is the special low tax rate on capital […]
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Posted on 04 October 2008.
And I thought last week’s debate was laden with homo-eroticism. Well, the sexual tension at the VP debate last night was so thick, you could drill it with a drill. Could Palin and Biden share a sordid side– and a sexual history? Who could blame Sarah for falling for Biden’s charms? He is, after all, […]
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Posted on 04 October 2008. Tags: Colorado, Right-To-Work
Been traveling since early this morning to Chicago area so this is a bit later. But, read this in The Wall Street Journal on the plane: In an alliance born in part of fear, corporate executives across Colorado pledged to contribute at least $3 million to help organized labor defeat ballot measures that many […]
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Posted on 02 October 2008. Tags: 1199, Building Trades, DC37, Labor, Michael Bloomberg, New York City, Transit Workers, UFT
I am not going to say too much about whether I agree or disagree with the entirely self-serving, hypocritical, "Only I Can Save You" decision by his lordship NYC Mayor (or is that "God"?) Michael Bloomberg to reverse his position on term limits and seek a change in the law that would bar him […]
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Posted in General Interest