Working Life

I have argued that the current crisis we are in now is the product of at least three decades of a bankrupt economic system. Now, looking forward, the same system has set the stages, according to a report just out, for a massive worldwide crisis in retirement security that will last decades. The reason we […]

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The other day, I saw an amazing spectacle: a firefighter responded to a call to a burning building in New York City and, as he was dragging the fire hose to the fire, a crowd of angry people stopped him and said, "Stop. Your pension is too generous so don’t you dare put that fire […]

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  Yesterday, I was on CNBC’s Closing Bell to debate the absurd notion that public employees are the people to blame for state government budget problems. But, what was most interesting about the debate with CNBC’s anchor Maria Bartiromo is how she became speechless–and that ain’t no easy feat–when I challenged her about class warfare. […]

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   We keep avoiding the elephant in the room. It’s fine for the president to do this: President Obama on Monday called for curbing offshore tax havens and corporate tax breaks to collect billions of dollars more from multinational companies and wealthy individuals. The move would appeal to growing populist anger among taxpayers but is […]

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   I imagine that I risk the ire of at least the most die-hard fringe Northern Ireland para-military forces or perhaps people who still revel in the Revolutionary War-era spanking of the redcoats but I’ve been carrying around this article from about a week ago that got a little attention and, then, floated out of […]

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   Confusing signals are coming out about what the apparent inevitable bankruptcy of Chrysler will mean. But, I do think this will be another stake driven into the idea of having real pensions anymore–which is kind of shocking given how many people just lost much of their retirement in the greed-is-good collapse of economy. I’ll […]

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  Let’s deal with some facts. The richest one percent of Americans are paying taxes that are too low–and Republicans are pushing budget proposals that would shovel even more money into the hands of the wealthiest Americans. Here are the facts.   Citizens for Tax Justice has released a series of studies in the past […]

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   Here are some poll questions that I’d like you to consider: 1. If you knew that taking a deep breathe would kill you, would you inhale? 2. If picking your nose caused cancer, would you allow you child to ever go digging for that gold? 3. If George Steinbrenner was a left-wing Democrat, would […]

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Now, c’mon, this is entirely absurd. We already have the widest gap between rich and poor in many generations. Republicans (and some Democrats) are trying to cut the Administration’s proper and wise investments in infrastructure and wise energy efficiency programs. And, in the midst of all that, the Senate does what? Votes to cut the […]

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   While we are distracted by the minor problem of the financial crisis, and shoveling mountains of cash into the hands of private investors who will enrich themselves (again), there is the small matter of the so-called "free trade" deal with Panama that keeps poking its nose above ground. There are murmurings that there will […]

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