Tag Archive | "economic crisis"

Krugman: “OWS Has Done A Great Service”, Wall St Committed Crimes

   A few months ago, I spent 5-6 hours interviewing Paul Krugman for Playboy magazine. It’s now on-line here. He speaks candidly–surprise–about the economic misdeeds of Wall Street, the foolishness of the current austerity obsession and focus on the non-existent debt crisis, and a whole range of topics including his view that the Obama Administration […]

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We’re Tapped Out–But Who Is At Fault?

    Why some people are surprised that the economy continues to be weak speaks more to the bankruptcy of our elected leaders and the cluelessness of the press release transcribers (we used to call them "journalists"). People don’t have money–and that is a real issue when two-thirds of the economy depends on people buying stuff. […]

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The Selfish Rich Are Killing Retired People

   We have a huge crisis in the country. The private pension system is collapsing. The public pension system is on the brink of collapse, and people are being pitted one against the other. But, what we often fail to do is connect the dots: between the collapse of the public pensions system and the […]

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Jay Gould Smiling: Unions At Odds With Each Other

Jay Gould, the 19th Century dastardly Robber Baron, once said, "I can hire one half of the working class to kill the other half." He’d be smiling right now. We see people being pitted against each other every day–whether its private sector workers complaining about public sector workers’ pensions, or parents and teachers tussling over […]

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Hard Life Looking For Work

   We are going to see alot more of this in the next couple of years: More than 50 day laborers stood, bored, anxious and mostly silent, in the sun-blasted parking lot of a Home Depot here last week, tracking the ebb and flow of customers and hoping for work. The hours crawled by. Six, […]

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