Working Life

     A crisis is a great time for the richest in the world. When you have a lot of money, it’s a buy, buy, buy atmosphere where you can make even more money from distressed assets or countries like Greece, who are forced by the financial mandarins into a "fire sale" of national assets to […]

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    Excuse me while I yawn and shrug at the same time. Here we go again–a sign that nothing truly has changed and we can just sit back and prepare for the next financial implosion. The SEC has agreed to let J.P. Morgan off with a slap on the wrist to the tune of $153 […]

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    It is a sad story to read, and a sad but powerful comment on who runs America. Rather than come to dinner with subpoenas and maybe even a few warrants for the arrest of the people who helped engineer the economic crisis we are still digging out of, the president is groveling–for campaign cash […]

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   I mean, this is pretty funny–except it’s pathetic, bizarre and, ultimately, gives all of us a great window on the "they haven’t learned anything" culture on Wall Street and the business world in general. Jamie Dimon, CEO of J.P. Morgan (and the Ten of Hearts in the 52 deck-of cards Audacity of Greed), is […]

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   If you agree with this, from a Financial Times columnist, we are in a bad place: The Fed is divided on how far the risk of higher inflation argues for caution in maintaining, let alone increasing, the monetary stimulus provided by very low short-term interest rates and quantitative easing. Markets had come to assume […]

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    I think Carl Levin knows the dance underway. His investigation into the financial meltdown is over. He has forwarded his findings to the Justice Department for civil or criminal action. And, now, I suspect he thinks there will be an attempt to bury the whole mess–and the specific role Goldman Sachs played in the […]

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   It’s bad enough that the global financial crisis has put millions of people out of work and trashed the future of the ranks of workers everywhere. But, let’s take a moment to consider an undercurrent of the economic crisis, fanned by fear, stupidity and the relentless drive to cut government (oh, that comes under […]

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    I have been arguing for some time now that the deficit and debt "crisis" are completely made up and phony. There is no crisis. But, at the very least, if you want to get rid of deficits, there is a simple path: spend MORE on jobs and raise incomes by promoting broad unionization. California […]

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   Wall St was rumbling yesterday as we clogged the streets with a message: {attachment id=164 size=medium}    No reason to have teachers cut or Medicare slashed. Make them pay.

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   The man behind the curtain is working hard, I’ll tell you. The spectacle out front, full of blaring headlines and prosecutors hype, tells us: we got those bad guys. Really? Nonsense.     We’ve all read about this: Federal prosecutors in Manhattan accused Raj Rajaratnam, the chief of the Galleon Group, of being at the […]

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