Posted on 22 August 2018. Tags: Bankruptcy, Michael Kink, Richard Bensinger, Toys R Us
When Toys R Us went belly up, 33,000 workers were cast into the streets with no severance because the bankruptcy laws favor corporate thieves and raiders. But, those workers are fighting back. I talk to two key leaders in the campaign to change the laws and get a bit of justice, not just for Toys […]
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Posted in Audio, Economy, Labor, Podcast
Posted on 12 August 2013. Tags: Bankruptcy, Patriot Coal, United Mine Workers
Some of the worst bastards in the free market are coal company operators. I remember, back in the 1980s, the support lots of us gave to the strikers at the Pittston Coal Company and the guys running that operations were scum, too. So, here’s a little news from the mines.
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Posted in General Interest
Posted on 29 July 2013. Tags: Bankruptcy, Barack Obama, Detroit
Really? The White House is saying to Detroit basically “take a hike” when it comes to a bailout — but, don’t worry, pension holders in Detroit, you have a defender…the Republican Michigan attorney general. This is bizarre and troubling.
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Posted in General Interest
Posted on 18 July 2013. Tags: "Free Market", Bankruptcy, Detroit, Pensions
Detroit. The filing for bankruptcy is a sad, but, in a way, predictable event — if one is willing to see what this really means. It’s a deep metaphor for the failure of the so-called “free market”.
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Posted in General Interest
Posted on 06 January 2010. Tags: "Free Market", Bankruptcy, Climate Change, Debt, Depression, Recession, Wages
It is going to take the concerted effort of a lot of voices to overcome the noise being generated by the people who would like us to think that economic salvation is at hand. So, we need to keep pointing out some harsh realities facing real people. For example: The number of Americans filing […]
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Posted in General Interest
Posted on 28 July 2009. Tags: Bankruptcy, Consumers, Credit Crisis, United Kingdom, Wages
It is an article of faith that American consumers are way over leveraged, particularly when it comes to credit card debt. But, a pretty scary article in the Financial Times the other day makes it clear that this is a worldwide phenomena that is likely to prolong the economic crisis we are in. I […]
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Posted in General Interest
Posted on 03 June 2009. Tags: Bankruptcy, Financial Crisis, General Motors, Middle Class, Single Payer, Trade, UAW
As I noted yesterday in connection with the bankruptcy of General Motors, I am in favor of spending money on trying to save peoples’ jobs–we are talking about the survival of communities and the lives of thousands of people. But, having now spent the morning reading various media reports about the GM bankruptcy, it’s […]
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Posted in General Interest
Posted on 02 June 2009. Tags: Bankruptcy, General Motors, Larry Kudlow, Robert Reich, UAW
I suppose some of us may be on the wrong side of this or perhaps weird…or maybe un-American…because we think that, hey, it isn’t a bad thing to spend taxpayer money on saving jobs and communities. If you gave me the choice, I’d be pretty damn proud to know that my money is going […]
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Posted in General Interest
Posted on 01 June 2009. Tags: "Free Trade", Bankruptcy, General Motors, UAW, Wages
It is curious, if not maddening, to observe the unwillingness of our economic and political leaders to admit that the bankruptcy of General Motors is a verdict on a much broader failure of the economic vision of the country. Sure, the incompetence of GM management, over a long period of time, is stunning. But, […]
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Posted in General Interest
Posted on 30 May 2009. Tags: Bankruptcy, General Motors, UAW
My obvious failure to post in the morning was not due to laziness or sleeping late (oh, that would be nice). Rather, it was a hectic morning but, here I am, back at my post and…I will be on Larry Kudlow’s show tonight (7 Eastern time) to talk about the bankruptcy deal reached between […]
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Posted in General Interest