Working Life

   It still seems astonishing to me that, despite the evidence that they simply can’t be trusted, the people who got us into the mess we are in–the rabid "free marketeers"–still seem to have jobs–and are being asked to continue to serve in our government and are sought after for advice. While certainly I am […]

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  This is a story that seems all too familiar, but it’s worth repeating each time it happens: trillions of dollars in retirement and savings are gone, millions of jobs will be lost, we’re facing a severe economic crisis that could go on for a number of years, and we could be in for a […]

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Memo to the traditional media: you want to see the auto industry go down? Fine. But, at least try to give the facts about what workers have undergone in the industry–an assignment that most of the traditional media could not live up in its coverage of yesterday’s hearings on the proposed bailout.   The facts […]

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   We live in very weird times. Here’s an example. So, commodity and energy prices are falling like crazy, as The Wall Street Journal reports: Raw materials registered another record drop in prices, while energy prices posted the biggest decline in over 22 years. The report suggests the weakening economy and falling energy prices should […]

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   So much to read this morning. But, Goldman Sachs is all over the place so let’s check in on one of our great financial manipulators of recent times. The big news–front page of the Financial Times, big story on the Wall Street Journal’s website and front page of the business section in The NY […]

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   It gets tiring writing every day about all the bad news, though that is sadly the reality (and, certainly will be so at least until spring training starts). But, here is one piece of good news. In the body of a story about the nomination by the president of the person responsible for monitoring […]

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Yes, to begin, let’s posit that a president with the lowest approval rating in the history of polling has no credibility about any subject of importance–and, in fact, most of the country would like, as David Letterman joked, to let Barack Obama start his new job right away. But, the current president’s pronouncements that the […]

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   I had grand ambitions about posting today an in-depth thing and may still rally to do that but, you know, I’m under the gun on so much stuff that I’m taking the easy way out but not necessarily by not giving up something important. Check this out, from The Wall Street Journal this morning: […]

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    Yesterday, I posted a dairy about the right way to bailout the auto industry. I have no issue with those people who disagree with the basic premise that we should bailout the companies. But, in other places where I posted this and generally out there in the ether, there was a shocking level of […]

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I’ve been reading the various proposals about how to bailout the auto industry. Some of the ideas are good but one piece floating around in the punditry is foolish and dangerous. This has to be done right–and it has to be done in a way that does not attack the workers of the industry.   […]

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