Corporate Greed Crushes Iconic Cookie

   A battle that is a typical story of corporate greed: Stella D’oro closed its Bronx bakery a day ahead of schedule Thursday, officially putting its 136 unionized employees out of work. The plant’s general manager Dan Meyers summoned the workers for a 3 p.m. meeting as the first shift was ending, informed them that […]

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Republicans Don’t Want Workers Rights Laws Enforced

   It isn’t surprising that Republicans really don’t want to enforce the law but this is quite revealing: The New York State labor commissioner, President Obama’s nominee to be the Labor Department’s top enforcement official, won approval from a Senate committee Wednesday but immediately encountered a roadblock when the committee’s senior Republican said he would […]

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Tax Credit or New Stimulus or Both?

   Let’s start with a basic premise: anyone who tries to get what is happening in the economy by looking for "green shoots" or the "recovery" does not understand what is happening to real people. Almost one out of 5 Americans–ONE OUT OF FIVE–do not have decent, meaningful work. Forget the media reports about unemployment–as […]

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Does The President Understand?

   Bob Herbert asks the right question today: The big question on the domestic front right now is whether President Obama understands the gravity of the employment crisis facing the country. Does he get it? The signals coming out of the White House have not been encouraging. The Beltway crowd and the Einsteins of high […]

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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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