Posted on 18 July 2007. Tags: "Free Trade", Class Warfare, Education, Tom Friedman, Trade, Wages
   So, nice to be back home and I hope to get a better report out on the Edwards poverty tour. But, since it will take a little time to look at my video results, here’s something for now: Tom Friedman has written a lot of dumb things in the past. It’s worth separating the […]
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Posted on 13 July 2007. Tags: Blackstone, Class Warfare, Stephen Schwarzman, Taxes
   Wouldn’t it be nice if you could decide how much of your income you pay to the government–and, then, decide how much you’d like to get back? If you could start a little business advising people on how to pull off that little stunt, you’d be a rich man.    Welcome to the world […]
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Posted on 11 July 2007. Tags: "Free Trade", CEPR, Class Warfare, Globalization
   You can’t hardly turn on the boob tube or read a newspaper or look at a mainstream website without hearing the clamor about the benefits of “globalization” and “increased trade” blah, blah, blah…if you try to contest that nonsense, you’re just a dumb protectionist (trust me, I have the scars to show it…oh, sorry, […]
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Posted on 12 June 2007. Tags: Blackstone, Class Warfare, Greed
   It never ceases to amaze me how much people are willing to practice the art of greed, particularly in the corporate world. Blackstone, one of the biggest player in the private equity world, is going public. The take for the top dogs, according to The Wall Street Journal: The founders of private-equity firm Blackstone […]
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Posted on 27 April 2007. Tags: Circuit City, Class Warfare, Corporate Greed
This doesn’t surprise anymore, does it? Even though it is obscene beyond belief. After firing 3,400, Circuit City enriches CFO By Michael Rapoport, Dow Jones Newswires NEW YORK — Even as Circuit City Stores (CC) pushed 3,400 purportedly overpaid employees out the door, the company went out of its way to make the departure of […]
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Posted on 26 April 2007. Tags: CEO Pay, Chrysler, Class Warfare, Health Care, Pensions, UAW
    The real story bubbling within the auto industry is not the news that Toyota vaulted over General Motors in worldwide auto sales. Rather, it’s the growing ideological–not economic–drumbeat that is gathering targeting the livelihoods of tens of thousands of auto workers. And this is a direct attack against a decent standard of living for […]
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Posted on 24 April 2007. Tags: CEO Pay, Chrysler, Class Warfare, Health Care, Pensions, UAW
The inevitable ideological attacks against the UAW has begun. Just in time for the news that Toyota overtook General Motors in worldwide sales for the first time in history, the drumbeat has picked up in the pages of the business press: auto workers have to just buck it up and take the hit to save […]
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Posted on 19 April 2007. Tags: Ben Nelson, Blanche Lincoln, Class Warfare, Employees Free Choice Act, Ken Salazar, Mark Pryor, Unions, Workers
Supporting the Employee Free Choice Act should be a no-brainer for every Democratic senator. So, we need to ask: why are four Democratic Senators not co-sponsoring the legislation (S1041)? Are they anti-union? As of today, every Democratic senator is on-board as a co-sponsor of the bill (as are the two independents, Bernie Sanders and Joe […]
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Posted on 04 April 2007. Tags: Class Warfare
As I talk to workers throughout the country, whether they are in unions or not, I’m struck how much the greed of CEOs has penetrated the public consciousness. But, CEO pay is really only the tip of the financial riches that CEOs are hauling away–it is their pensions and deferred compensation that are truly staggering. […]
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Posted on 30 March 2007. Tags: Class Warfare
Thank god, I said–finally, a great juxtaposition of an argument I’ve made for lo these many years (and, not to great success, admittedly) that the Gross Domestic Product tells us very little about the general welfare of most people. The Bureau of Economic Analysis just dropped an e-mail to report that: Real gross domestic product […]
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