Working Life

   Yours truly is hitting the road early and so will be out of reach for the morning of all the websites and news…good thing…because when the market opens at 9, all hell is going to break loose. I’m not sure how many people on Main Street understand the deep panic underway among the financial […]

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   I am not surprised by this but it makes me wonder why there is this general whispering campaign that critics of Sen. Obama’s economic proposals should keep quiet. The Wall Street Journal this morning: The campaign for the CEO vote is heating up. With increasing attention on the economy, the presidential candidates are trying […]

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   Huh. Why worry about cutting corporate taxes when they don’t even bother to pay any?: Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress. The study, which is likely to […]

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Well, it never gets old–watching the reality unfold that contradicts what the blind advocates of so-called "free trade" and "liberalization" want people to believe. One of the great lies of the globalization scam is that, hey, don’t worry, if we just educate people more and have them do higher-skilled jobs, not to worry, everyone will […]

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Just when you thought the greed and outrageous behavior of corporate America could get no worse, the leaders of companies have sunk to a new low: they are using workers’ pension money to fund CEO pensions. No this is not a joke.   The evidence is laid out today in The Wall Street Journal by […]

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   With the backdrop of the collapse of the global trade talks (a good thing), here’s something to consider: the great, wonderful benefits of so-called "free trade" or "liberalization" have cost 2.3 million U.S. workers their jobs between 2001 and 2007, according to a very, detailed fact-based (as opposed to rhetorical promises from pro so-called […]

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   To the long list of examples of how business rips off the average person–from paying CEOs huge salaries while workers get pay and benefits cuts, to making people work harder and more productive than ever before yet refusing to pass on the fruits of that labor to workers, to lobbying against raising the scandalously […]

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    There will be a lot of chatter about today’s hike in the minimum wage. We should be happy for the people who will get another seventy cents an hour in their gross pay. But, we should keep in mind that, at the grand new sum of $6.55 an hour, the minimum wage is a […]

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  There seems to be an emerging consensus that so-called "free trade" is dead. Even the business press is beginning to accept the inevitable. So, maybe we can now begin a rationale debate about trade, without meaningless marketing phrases like "free trade".   Yesterday, Bloomberg ran this piece: The liberalization of global trade has come […]

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   I do like those ironic coincidences that happen in the media. Generally speaking, when it comes to economic issues, I don’t think the editors have a clue that they have captured unintentionally the gist of our crisis. And, so, let me turn to today’s New York Times. The front page has two stories headlined: […]

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