Working Life

   A quote worth remembering: Pleasing the investor class is no longer a route to political success.      Marx? Nope. A columnist for the Financial Times today.    Hmmmm…

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   Lesson from last night: if we had held accountable the Democrats who for the past 25 years did not act like Democrats–meaning, those people who were willing to engage in legalized corruption by pocketing corporate campaign cash, those people who voted for NAFTA and so-called "free trade" and those people who lost their voices […]

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   One reason people are angry–a sense that the elite still get away with what regular people can’t. You may not be able to deduct a penalty but the banks can (via The Financial Times): The planned new US levy on top financial institutions will be tax-deductible, a Treasury official told the Financial Times on […]

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They robbed Americans of their future. They cost perhaps a generation of hard-working people a decent pay check. And they left millions of people with empty 401(k)s, with some seniors being booted from their retirement homes because there was no money left. And, yet, they still don’t get it–or maybe they truly don’t care.   […]

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   Let’s review a couple of facts. Over the past 30 years, even though productivity has been skyrocketing, wages have been essentially flat for workers. And we are now living through a period where at least one in five Americans does not have full-time work with decent wages.    But, at least some people are […]

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   The president is going to announce today a tax on the big banks and financial institutions: The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration official who briefed reporters […]

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   It’s a strange coincidence but there is a direct connection between the earthquake in Haiti and the spectacle of the financial elite testifying  before the Commission-that-will-do-nothing about the mess they made.    How did we get to where we are? We have lived in a system that allowed a tiny elite to rob the […]

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   Here is one thing that is quite fascinating to me. There is a wave of stories popping up now about taxes being raised on the wealthy, or a fee put on banks, or restrictions put on executive compensation. Today, for example, there is a story in The Wall Street Journal: The grassroots fervor that […]

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After years of supporting her racist father, Liz Cheney is finally calling out racism where she sees it — in the words of Harry Reid. Liz Cheney insists that Reid’s comments about Obama were racist because they involved "I mean, talking about the color of the president’s skin…" I think we can all agree that […]

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   Bankers are nervous about the bonuses they are about to get: Goldman Sachs, JP Morgan Chase and other big banks are bracing for a renewed public and political backlash against their compensation plans as they prepare to unveil multi-billion dollar bonus packages. Under pressure from government, banks are already saying they will devote the […]

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