Working Life

    The people are there. Not surprisingly. If the politicians could get their hands out of the pockets of their contributors, we’d have some progress. All the way from the Financial Times: A poll released on Monday by Quinnipiac University found 61 per cent of registered New York City voters supported extending the state’s surcharge, […]

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   You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]

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    It’s a head-scratcher–to some. Wealth has been created globally but, somehow, a suffocating blanket of austerity is embracing the world. But it would be no surprise to the people in the streets in Greece or to the millions of people here who cannot find work to read the headline in the left-wing, socialist rag…Financial […]

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    There is a pretty damning article in today’s Financial Times, probably the planet’s leading English language business daily. The upshot: unless we spark a major revolution, the majority of the world people are truly screwed. Here is the lead paragraph: Nearly three years after the start of the economic crisis, a new spectre is […]

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   It’s one thing for progressive economists and activists to see the emptiness and complete foolishness of Tim Pawlenty’s "economic plan". It’s another thing for perhaps the globe’s leading financial newspaper to dismiss it as something that is "difficult to describe without seeming to parody it." But, The Financial Times Clive Crook makes a valiant […]

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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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This coming week, the drumbeat will get louder with the rhetoric about the phony government debt/deficit "crisis". I’ll be writing more about this in conjunction with my new book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis". Today, I thought I’d focus on this specific point: debt is not a […]

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   I often ask the question: why aren’t more of the bankers and Wall Street financiers going to jail for the financial collapse they created with their manipulations and thirst for greed? Not only are they not serving time, but they still have their jobs–while millions of others lost their jobs because of the bursting […]

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  Yes, that is the underlying message delivered today by one of the world’s leading financial publications. For many of us, this is no surprise: you had to be truly ignorant to pretend like the economic system was a success just based on the growing divide between rich and poor over the past decade, and […]

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  When the history of our current economic crisis is written, there will need to be a full chapter devoted to the willful ignorance or stupidity of the traditional media. Right before our eyes stands the solution to a huge chunk of our fiscal nightmare and a lifeline for the auto industry: single-payer health care. […]

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