Posted on 26 December 2006.
The New York Times can’t get enough out of the riches pouring into Wall Street and the consumption that follows. Today, more on what those newly rich or even more rich will do with their bonuses: That is serious money. And the serious luxury goods markets are feeling the impact. Miller Motorcars, in Greenwich, Conn., […]
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Posted on 25 December 2006.
And here I thought the CEO of Goldman Sachs should take the annual award for being the biggest pig at the trough. Silly me. With a deep apology to Lloyd Blankfein, may I introduce you to Hank McKinnell, the former chief executive of Pfizer, who is going to get a nice gift of $200 million […]
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Posted on 24 December 2006.
I am no fan of Donald Trump. I think he is a blowhard, real estate leech. But, as the saying goes, even a broken clock is right twice a day. You may have already seen his comments in Maureen Dowd’s column today. On the Bush twins, he says: “When you’re a president who has destroyed […]
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Posted on 23 December 2006.
It’s a sad story to read: U.S. soldiers charged with murder in Iraq over the deaths of civilians in Haditha. I’m sure, over time, we’re going to read stories about the accused–how they were regular guys, probably loved animals and were solid family people and pillars of their community…or certainly some of them. i’m not […]
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Posted on 22 December 2006.
Shop, shop, shop–but don’t forget some of the underside of the mad dash through the holidays–this from our friends at the National Labor Committee: The Dirty Little Secret behind the flashy, best-selling Bratz dolls: Bratz dolls are all the rage, ranking as the most sought-after toy this holiday season, surpassing even Barbie, which has dropped […]
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Posted on 21 December 2006.
I admit to having this fascination with the huge bonuses being doled out to Wall Street executives. Each day brings a new record. And it rings so Marie Antionette–48 million people without health care, pensions disappearing, wage growth puny if at all…and, in the face of all that, a few folks are just piling up […]
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Posted on 20 December 2006.
What a great country we have: a few people at Goldman Sachs are going to divvy up $16 billion, while the people that make it possible for the bankers and dealmakers to make off like bandits won’t have a decent pension to retire on. I’m talking about public employees—you know, the people who pick up […]
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Posted on 19 December 2006.
Check out this sentence in today’s Wall Street Journal: “But the transformation has also wiped out much of a cradle-to-grave safety net — health care, education, pensions — that ensured basic needs were met for most of the population. It has severely damaged large parts of the country’s environment, and triggered a widening gap between […]
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Posted on 18 December 2006.
The Wall StreeT Journal was reporting in yesterday’s edition that the Steelworkers and Goodyear Tire would be restarting negotiations tomorrow to try to end a 10-week old strike. I’ll post picture, if anyone has any, of the demos that took place around the country at Goodyear stores. Here’s the press release from the Steelworkers which […]
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Posted on 17 December 2006.
What a day it was for Local 100 of the Transport Workers Union. First, Roger Toussaint, the president of the union who lead the local out on strike last December, was re-elected after a very bitter campaign. Toussaint apparently received under 50 percent but because he was running against four other opponents, he easily won […]
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