Working Life

Hey, no big deal — you run a company rife with conflicts of interest, you help crater the economy, costing millions of jobs and trillions of dollars in wealth…and you keep racking up more and more money. Life is good for Lloyd Blankfein.

Read the full story

With all the foolishness everyone seems to associate with the folks in Washington, D.C., don’t worry — coming to a state near you will be same lame-brained ideas that have caused a heap of damage for decades. You know the rap: lower taxes because, presto, that’s the magic potion for all that can be good. Oh, no.

Read the full story

Have I got a deal for you. You lose a few billion dollars at your job — but you keep your job and pocket $11.5 million. Is that a bargain or what? Of course, this is not the kind of deal for the little people. Nah.This is for the real screw-ups — the people who run the financial institutions who already destroyed an economy.

Read the full story

Every decade or so, we get a new “gap”. You remember the “missile gap”? Now, we have the “pension gap” — the difference between what sits in pensions funds and what is owed to retirees. But, who caused that gap?

Read the full story

Somehow there is a bad seed out there in the air freight business. Way back in 2005, I wrote about the bad boys at FedEx. Now, DHL is at it–attacking its workers in Turkey.

Read the full story

My bullshit radar is working overtime, triggered by two different dust-ups in the political world. I find myself feeling sympathetic to two people who I don’t particularly like or share much in the way of political philosophies.

Read the full story

Another day, another tidbit of info to shine the light on the awful tax bill passed (I guess we can call it Obama-McConnell?). Corporations are getting off, again, with big breaks that make no sense.

Read the full story

That the whole phony debt crisis has been driven by people with deep ties to business interests and the elite will not come as a surprise to people who read this blog — I’ve been pointing this out for a long time. It’s not a hidden secret — just one the transcribers of press releases (formerly known as “journalists”) don’t care to mention very often. So, today, there is an exception to the rule — with one glaring omission.

Read the full story

My first reaction to AIG’s consideration of a suit against the government was like many people: what the fuck? You guys should all be in jail, not swimming along thanks to $182 billion in taxpayer bailout money. But, then, in retrospect, it makes sense.

Read the full story

When I come back in my next life, I want to be a banker or a hotshot on Wall Street. Because it’s the kind of work where you can do anything you want, break any laws, never get punished and make a huge amount of money. And the best thing is: you make someone else pay for your fuck-ups. That is the upshot of the settlement reached today with the banks. Another day, another sham.

Read the full story